The Volume Network is a cryptocurrency jointly built by the former co-founder and CTO of TRON.network and Lambda’s core team. The aim of VOL is to create large-scale commercial applications for global use cases. Volume Network adopts the innovative PoST consensus mechanism which introduces the time-domain operator based on the original PoC(Proof of Capacity) algorithm, and compulsively require the miners to make arithmetical operation with certain time intensity after obtaining the candidate block data based on the characteristics of Verifiable Delay Functions, and make block selection by combining the rapid verification results and candidate block data, so as to alleviate the vulnerabilities in similarly selfish mining, rewriting attack and other security aspects in POC (Proof of Capacity) algorithm.
Green technology: Harddisk mining is energy saving and environmental friendly.
Covenant lite: Based on the PoST consensus mechanism, everyone can start mining with a PC at home.
Community driven: Volume Network adopts a complete community-driven approach to run the project. Meanwhile, 6% of the block reward will be used for ecosystem promotion.
Famous team: Former Co-Founder and CTO of TRON.network.and Chinese FileCoin project-Lambda core team built Volume Network together.
May 20th, 2019 9:00 am (UTC)
May 21st, 2019 5:00 pm (UTC)
1 000 000 USD
10 000 000 000 VOL
1 VOL = 0.0001 USD
The Covalent token as the native token for the Covalent network will be used as a governance token.
According to Bittrex, the exchange will accept payments in US dollars (USD), Tether (USDT), or Bitcoin (BTC). Trading will be available round-the-clock seven days a week.
The success of the public sale will permit INVIZION to kickstart its initiative which combines blockchain technology, DeFi (Decentralized Finance) and IoT (Internet of Things) solutions.