Volley: Innovative Token Built for Decentralized Finance Applications

in #volleytoken2 years ago (edited)

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Introduction

Volley token is an innovative token that aims to build a decentralized finance (DeFi) ecosystem so as to make DeFi items more available to users around the world. Volley goal is to be used in many decentralized applications including cross-chain swaps, staking, earning, yield farming, NFT minting, swapping, borrowing and lending backed by the Ethereum blockchain. Volley token focuses on offering very efficient, highly secure, simple, transparent, and best investment management in a single platform. Volley token platform is compact and secure, and does not require a third party.

Volley wants decentralized finance (DeFi) to be available to users around the world. The token protocol will be used to build decentralized exchanges, lending protocols, on-chain governance, and many more functionalities to create a complete ecosystem. Volley token is a Layer two solution of the Ethereum blockchain, which is designed to solve the problems of transaction speeds and overall scalability. Volley token is prepared and equipped to give people smooth access to decentralized financial services.

Why the Current Decentralized Finance Ecosystem is not Satisfactory

DeFi Platform on Single Blockchain: Most DeFi platforms are confined to only one network as a result cannot interact with other DeFi platforms built on other blockchains. This will result in making the user who owns tokens built on different blockchains to go elsewhere to change/interact with another DeFi. This exposes the user to other platforms of unknown characteristics as well as increasing cost of transaction. Volley aims to meet an unmet need in the DeFi space by serving as a gateway connecting users to any DeFi solution available on numerous blockchains. Volley cross-chain bridge enables users to interact with other DeFi platforms built with different blockchain network, thereby making Volley token platform remarkable hub for interaction with different blockchains.

High Transaction Cost: DeFi has indeed gained a lot of popularity in recent times. Essentially, DeFi platforms aim to offer financial services to all in such a way that users will access the platform without discrimination, with low fees and commissions, without any entry barrier. It is basically built to offer financial services to as many people as possible, but unfortunately, most DeFi platforms are no longer accessible to users due to high cost of transactions. The transaction fees associated with such platforms are very high, as a result, it prevents potential investors and users especially those who are new in the crypto space, to benefit from the DeFi innovation.

Malicious DeFi Platforms: Some DeFi platforms are built to empty the wallet of the unsuspecting user merely by approving a transaction. While decentralised finance enables us to interact without a third party intervention, not all DeFi is safe to interact with as some are built for the purpose of defrauding the unsuspecting user. This is another bad aspect of Defi especially those who are new and are not technically savvy to observe/check the requirements stated in the wallet before approving the transaction. The criminals behind the unsafe DeFi target those who are new in the crypto/DeFi space. As a result, there is a risk of losing your fund if you interact with such DeFi platform. Volley token platform ensures that DeFi users enjoy a safe and secure transaction with no bad intention to defraud users.

Hidden Charges: Some DeFi platforms are built with hidden charges such that the user is unaware of the fees associated with interacting with the DeFi platform. Such platforms are fraudulent as they are built to cheat the unsuspecting user. This is a bad omen that has crept inside the DeFi space which is very bad. Volley token platform is built to be transparent and have no hidden charges. Volley token platform ensures that users have a hitch-free user-friendly interaction with the DeFi ecosystem.

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Unique Features and Benefits of Volley Token Platform

All-in-one Platform: Volley token is a product and service ecosystem that enables users to swap seamlessly, keep, transfer, receive, earn, invest, borrow, and lend tokens across many chains in a single platform. There is no need to be moving from one platform to another to carry out the various transactions. Volley token platform is an all-in-one platform for crypto customers to use any blockchain asset with ease.

Compatible Wallet: Volley token is distinctive in that it allows users to access multi-chain exchanges with a single wallet compatible wallet engine, which means that users can connect with many wallets from different blockchains at the same time with a single pass, without having to switch between them.

Opportunity for Farmers: Volley token platform will ensure that farmers realize the full potential of decentralized money by pulling together the best protocols and tools to help forward-thinking farmers.

Safe, Fast and Secured Transactions: Volley token platform enables users to securely transact large amounts of digital assets without the problems that come with them, allowing traders to protect token prices without risking the market tanking. Volley token is built to achieve 3-second block times with a Proof-of-Stake consensus algorithm, making it to achieve fast transactions.

Availability of Cross-Chain Liquidity Pools: Volley platform enables traders to choose from one of the 30 blockchain cross-chain liquidity pools available such as Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, etc. on both mobile (iOS & Android) and Chrome extension versions - a unique innovation of Volley token platform. Volley token platform is indeed a DeFi hub as it brings together major Decentralised Exchanges to provide cross-chain liquidity gateway.

Tokenomics

Token Name: Volley
Token Ticker: VOY
Blockchain: Ethereum (ERC-20)
Token Total Supply: 1,000,000,000,000,000 VOY

Token Distribution

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Roadmap

Q4 2022

Concept
AirdropPresales

Q1 2023

Concept
Airdrop distributionListingMarketing

Q2 2023

Concept
Development
EVM Chain
Blockchain Explorer
Platform including native

Conclusion

Volley token is unique token that aims at offering very efficient, highly secure, simple, transparent, and best investment management options - all in a one platform. Volley token goals are to build a decentralized finance (DeFi) ecosystem so as to make DeFi items more available to users around the world. The focus is to give people smooth access to decentralized financial services. Volley token is a Layer two solution of the Ethereum blockchain, which is designed to solve the problems of transaction speeds and overall scalability. Some of the DeFi options that are available on the Volley token platform for blockchain assets across several blockchains include - staking, yield farming, NFT minting, swapping, borrowing, and lending.

Volley token platform is equipped with cross-chain bridge that enables users to interact with other DeFi platforms built with different blockchain network, thereby making Volley token platform an outstanding hub for interaction with different blockchains. Volley token platform is built to be transparent and have no hidden charges. Volley token have come to change the narrative in the DeFi space.

To learn more about Volley Token, please visit the following sites:

Website: https://www.volleytoken.io/
Twitter: https://twitter.com/Volleytoken?t=inE75ujjI4a1i-8cqWuj9A&s=09
Telegram: https://t.me/Volleytoken
Whitepaper: https://drive.google.com/file/d/13B2QZTlvtcdlkR9O28ldB8tT8iR0pcK1/view
Token Sale: https://buy.volleytoken.io/
ANN: https://bitcointalk.org/index.php?topic=5418975.msg61216816#msg61216816
Bounty Campaign: https://bitcointalk.org/index.php?topic=5419017.0
Airdrop: https://t.me/VolleyTokenAirdropBot?start=471166985p
@Volleytoken @Binance $VOY #Volley #Volleytoken #Defi

Author’s Information:

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Forum Username: evichi
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1717893
Telegram Username: @jaymay
Participated Campaign: Article
BSC Wallet Address: 0x97cc6b4F79126Ace2b5Eb63ae9a6C7ed99dB0eD5
E-mail: victchos@gmail.com