VLabs, founded in 2017 and based out of Montreal, Quebec, Canada, is operating in the distributed ledger technology space as an industry innovator, specifically on building DApps and training the next generation of DApp developers. VLabs, along with other members of the coalition around the world, is leading the global development initiative with the Volentix Pillars (VDex; Verto; Vespucci; Venue) and the Volentix DAO.
VDex will be an extensible, customizable, decentralized cryptocurrency exchange platform which does not possess users’ information or assets. VDex will use several protocols to facilitate cross-blockchain exchange. Users of the VDex will always maintain custody of their funds in their own virtual wallets.
Verto will be a next-generation, multi-currency wallet which integrates features from other Volentix pillars. Features functions for trading, staking, signature verification, and secure storage. Private keys are maintained in this wallet and are accessible only by its owner.
With Venue, a bounty distribution platform, Volentix development network members will post bounties and campaigns to Venue for work needed—for example, fixing bugs, creating content, or promoting Volentix—and anyone may claim a bounty in exchange for their efforts. Venue provides real time metrics on VTX rewards earned by participants and incentivizes the adoption of VTX.