Volley Token is a layer-2 solution of the Ethereum blockchain and solves the problems of transaction speeds and overall scalability

opcyoladirano23 (36)in #ethereum • 2 years ago

Volley is a one-stop-shop for decentralized finance (DeFi), cross-chain swaps, staking, earning and yield farming on the Ethereum blockchain. Volley creates a DeFi ecosystem to make DeFi items more available to users around the world. The Volley Token protocol will build decentralized exchanges (DEXs), lending protocols, on-chain governance and many more functionalities to create a holistic ecosystem.

Volley Token is a layer-2 solution of the Ethereum blockchain and solves the problems of transaction speeds and overall scalability. Volley Token aims to offer very efficient, highly secure, simple, transparent and convenient exchanges, earning and maximal investment management possibilities — all in a single, unified and safe environment with no need for any intermediary. The platform promises to make crypto trading more convenient while also reducing slippage. The platform has developed a way of converting cryptocurrencies to eliminate roadblocks such as a confusing and complex interface, a lengthy registration process, hidden fees and other issues, as well as to simplify the entire process for the end-user. Nonfungible token (NFT) minting, swapping, staking, yield farming, borrowing and lending are just some of the DeFi options available on the Volley Token platform for blockchain assets across several blockchains.

The mission of Volley Token is to give people seamless access to decentralized financial services and benefits such as making mobile payment easy, providing a platform to resolve liquidity issues that, most importantly, protects the identity of users and traders enabling them to transact large amounts of digital asset.

The total supply of VOY IS 1,000,000,000,000,000, and the funding and token allocation is as follows:

https://t.me/Volleytoken

Technical pecification
Volley Token is a smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here is to have a high throughput in the Volley Token while introducing smart contracts into its ecosystem.

How does Volley Token work?
Volley Token achieves three-second block times with a proof-of-stake consensus algorithm. Specifically, it uses something called proof-of-staked Authority (PoSA), where participants stake VOY to become validators. If they propose a valid block, they’ll receive transaction fees from the transactions included in it.
https://t.me/Volleytoken
Inflation Rate
Unlike many protocols, there is no block subsidy of freshly minted VOY, as VOY is not inflationary. Because Volley is EVM-compatible, this makes it easy for developers to port their projects over from Ethereum. Volley Token has been launched to support the rich universe of Ethereum tools and Dapps. For users, it means that applications like MetaMask can be easily configured to work with Volley. It only requires a little bit of tweaking a couple of settings.