The Verlux team is excited to announce the primary listing of its VLX token on Bitmart Exchange on May 3, 2022. The VLX/USDT trading pair will be officially accessible for trade at 06:00 AM EDT for all BitMart users.
With the amount of trades in the NFT ecosystem increasing by the day, Verlux is on a mission to construct a long-term platform for these transactions as well as design a cross-chain protocol to enable the much-needed interoperability between NFTs based on different blockchains.
Verlux is a community-driven decentralised Cross-Chain NFT Marketplace where users can effortlessly mint, buy, sell, and swap NFTs while benefiting from the Cardano Blockchain’s low gas fees and security. Through the construction of a single neutral network, Verlux is functioning as a bridge for seamless interaction across multiple blockchain NFTs. All while taking use of the Cardano blockchain’s cheap transaction fees.
While most NFT Marketplaces only allow users to mint and trade their NFTs, Verlux has surpassed them by developing a unique novel feature called the Cross-Chain Swap protocol, which allows users to swap NFTs from other blockchains to the Cardano blockchain in order to take advantage of the network’s low transaction fees, security, and speed.
Verlux is developing a DeFi ecosystem that will disrupt the traditional NFT infrastructure.
The Verlux ecosystem comprises the following features:
Decentalized NFT Marketplace
The Verlux NFT Marketplace will be a decentralized marketplace for NFT lovers and developers. The Marketplace, which will be powered by the Cardano Blockchain, will feature great scalability, sustainability, and interoperability in order to provide speedier transactions and faster confirmation times.
Protocol for Cross-Chain Swapping
Verlux will provide a Cross-Chain Swap protocol that will allow users to connect NFTs created on other Blockchains to the Cardano Blockchain. Verlux’s swap protocol will be built on top of the Cardano network’s introduction of smart contracts. On our platform, consumers will now be able to experience full NFT interoperability.
Farming Yields & Staking
$VLX holders will be able to stake a certain quantity of $VLX on our platform in exchange for limited edition NFTs that can be traded on other NFT platforms.
Verlux is adding a staking protocol into its Marketplace, allowing users to farm limited edition and 100% exclusive NFTs. This novel protocol is one of the characteristics that distinguishes Verlux from other NFT markets since it is one of the first on the Cardano network to do so.
Holders of VLX will be able to benefit from the following benefits in our ecosystem if VLX is used through our platforms:
Transaction costs are low
One of the key reasons Verlux chose the Cardano Blockchain is to avoid the high transaction costs associated with both minting and selling NFTs. Verlux is well aware of this constraint and acts as a link between the two.
Holders of the $VLX token will be invited to participate in the decision-making process on issues that affect our environment. As a result, only holders of our token will be able to vote on critical decision-making processes affecting our ecosystem.
VLX is the Verlux ecosystem’s utility token, and the VLX/USDT trading pair will be available on the BitMart exchange platform.
The $VLX/USDT pair will begin trading at 6:00 a.m. on Tuesday, May 3rd (EDT).