Midas lists Volix Network (VOX) — Peer-to-peer lending platform offering crypto backed loans through smart contracts

By Dan Carson — Partnership Development Lead, Midas.Investments

Midas announces the listing of Volix (VOX) to the Midas platform as an Instant Share. Invest today to receive instant rewards.

Who are Volix, and what do they offer?

Volix Network are a peer-to-peer lending platform aiming to connect lenders and borrowers across a decentralised network to the financial benefit of both parties involved in a given transaction.

With the rise of the internet during the early noughties, peer-to-peer (P2P) networks gained greater traction and reputation and today, are widely used across a range of industries — one such industry being financial lending. During the past decade P2P lending has experienced aggressive growth and by 2024, the global P2P lending market is estimated to reach $897.85 billion according to the NASDAQ.

Volix Network — with their platform — intend to shake up the P2P lending industry offering cryptocurrency backed loans. By using smart contracts through a web-platform, Volix plan to develop a funding ecosystem offering greater security, faster decisions, a higher ratio of loan approvals.

The VOX coin serves as the primary currency within the Volix Network ecosystem, and will be used in the process of transacting from lender to borrowing, with the lender earning VOX as interest at the pre agreed rate.

Through their intuitive platform, borrowers search and approach registered lenders to build a bespoke agreement via smart contracts. In the event of a non-payment, the smart contract will distribute the repayment from the crypto backed collateral, to be held in escrow for the duration of the loan.

What are Volix hoping to achieve?

Volix Network strive to offer secure a peer-to-peer lending network on a global scale, where users in Mongolia, India or Dominica have access to the same market liquidity and funding opportunities as America or Switzerland.

The Volix funding platform, due for development and release during the first half of 2019, will focus on user experience of both lenders and borrowers by building a user-friendly intuitive interface. Primarily, the platform function will allow the meeting of two parties allowing a bespoke contract to be built to suit both parties prior to the activation of the smart contract, but this is supported by their lender marketplace, where borrowers are able to browse and select lenders enabling a smart contract to be initiated.

Why have MIDAS offered Volix (VOX) to our community?

Midas have identified 2019 as the year of utility — projects can no longer exist solely for offering investors masternode rewards. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plans for a real-world utility in a sector that blockchain is poised to disrupt.

With the blockchain set to heavily disrupt financial services in the coming months and years, Midas plan to work closely with projects developing innovative platforms or service solutions for the financial sector. As traditional funding becomes harder, or more expensive to obtain, we expect the funding sector to be one of the first industries to feel the disruption of the blockchain.

As one of the early developers in this sector, Volix Network have the ability to capture early adopters of blockchain backed P2P lending and build a loyal user base and gain wider audiences.

Where can I purchase VOX?

The Volix coin, VOX can be purchased via exchange, and is currently live on Cryptobridge (link below). Additional exchanges are planned in the near future to meet the additional needs of their investors.

Can I get more information about Volix Network?

Website — https://volix.network/
Whitepaper — https://volix.network/Whitepaper_v1.0.2.pdf
Discord — https://discord.gg/puFzxMD
Cryptobridge — https://wallet.crypto-bridge.org/market/BRIDGE.VOX_BRIDGE.BTC

Do you want to become a Midas partner?

Midas are looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit https://midas.investments/ for information on our project, team and road map.