Venoty was first introduced in the cryptocurrency market as a digital platform prayer that relies on the blochchain technology system and is the first platform in the world to support the development of children through creativity. Venoty argues that education is an important thing that underlies a person’s life from birth. Without education, we will not feel the benefits that exist today through various forms of development that occur one after another. The right period to provide education to children is since the womb until adolescence. This period is the time of climax of a child to be able to receive as much education as possible. During this period, children experience rapid growth and development and this is what encourages them to absorb every acquired knowledge very quickly. Therefore, the Venoty platform is committed to helping and participating in the development of today’s children through education as an action that is a determining factor for children.
As with other digital platforms, Venoty also performs its main task as a blockchain based platform that accommodates every trade transaction in the world. To support this function, Venoty created a coin called VENOTY or VNT. Venoty is one of the types of digital currency that is on the cryptocurrency market today. Although fairly new, Venoty coins can be used in a variety of ways, one of which is to make digital payments instantly. To be able to access this platform, users must first register on the Venoty website, https://ico.venoty.com/. After the Venoty system verifies the identity of the user, then they can access every facility provided by Venoty on the platform. Users can make payment transactions anywhere and anytime because this platform is supported by Peer To Peer (P2P) technology / this technology makes the Venoty platform operated without any connection with the central authority, which in this case for example is the government in a country. Venoty manages every process in its scope independently only by relying on network strength and technological sophistication. First launched in 2017 in the second quarter, Venoty also introduced Scrypt as the algorithm they use. This algorithm has the advantage of being able to speed up the transaction process within the platform and is considered the most appropriate algorithm to use today. Access speed is one of the important things in a cryptocurrency platform. For this reason, Venoty is committed to continuously developing and designing the latest technology that can improve the reliability of the system.
Users who have been registered on this platform will be provided with facilities such as digital wallets. This wallet is equipped with an encryption key that protects it from all bad actions, such as loss and theft of assets, and ensures security is guaranteed. Users can access various features in the Venoty application and transactions that take place do not take a long time. In addition, the sophistication of Venoty technology has strengthened the performance of this platform where Venoty can transfer large amounts of data at a time. As with other digital platforms aimed at obtaining digital financial benefits, Venoty gives access to every user to mine as many Venoty coins as possible. This mining process can be carried out without the need for high power so that it is efficient in power usage. This is beneficial for the Venoty technology network to continue working and reduce the possibility of repairs or maintenance too often. From here, Venoty can optimize the use of the funds they obtain through investors to be used in other sectors.
Venoty also applies the Proof of Work (POW) algorithm which is currently also used by several other cryptocurrency platforms, such as Bitcoin, Ethereum, Litecoin, and others. This algorithm is intended to achieve a decentralized agreement between different nodes by adding certain blocks to the blockchain network. Venoty issues coins as a whole with a total of 94 million VNT, of which at the premine stage, this platform only distributes as many as 10 million VNT to users. Most Venoty coins are distributed through ICO activities which are believed to be able to reach many investors in large numbers. because this platform is still in the development stage, Venoty hopes that by distributing most of the coins in the ICO, they will get a lot of funds from investors. That way, Venoty can develop the project to a larger scale and continue to promote it to the community. Not only through ICO, Venoty will also distribute the coins in Bounty activities, where new users have the opportunity to get as many Venoty coins as possible for free. The quota given for this Bounty is 10% of the number of coins distributed in the premine period. The rest, Venoty allocates coins for the digital currency exchange market with the same amount as Bounty and also in the premine period.
Find out more information down below:
My Username : baywalk
My Bitcointalk URL : https://bitcointalk.org/index.php?action=profile;u=2442391;sa=summary
My ETH Address : 0xC910982cec417a07Ec380A12808951b45e76DC4b
Telegram :@Baywalk321
Email : baywalk321@gmail.com
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