What is Venox?
Venox came to life the day the developers of Enox abandoned their community and left their supporters stranded. Within this community, a unlikely group of highly skilled individuals came together. We loved the ideologies that Enox represented, and we wanted to make those concepts a reality. So we decided to take the community over and give all Enox holders 1:1 swap for Venox [VNX] Venox has successfully forked the Enox coin [PIVX based] with a 1:1 manual swap for Enox holders and will proceed with the ideologies that Enox initially represented, while adding the development of some amazing features like the encrypted reference line and real mobile staking. All that suffered by the hands of the Enox developers will be rewarded and reunited once again. Please thank the skilled members of Venox team for putting this entire project together in record breaking time! Venox [VNX] coin was officially launched on June 10, 2018 and is considered a community coin. This means that anyone within the community can contribute to the project. Although there is a team behind the scenes working tirelessly to build and promote Venox [VNX],the currency is not owned by any single individual but instead is owned by the community and coin holders. As a result, all community members can contribute towards the Venox’s mission and goals.
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Venox Coin Specs
|COIN NAME||Venox Symbol||Mining algorithm|
|Block Time||DIFFICULTY RETARGETING||MAX COIN SUPPLY (POS)|
|60 Sec||EVERY BLOCK||INFINITE|
|1.241.000 VNX||1589||10,000 VNX|
Why You Investment On Venox ?
Proof of Stake
Proof of stake is a different way to validate transactions based and achieve the distributed consensus.
Unlike the proof-of-Work, where the algorithm rewards miners who solve mathematical problems with
the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a
new block is chosen in a deterministic way, depending on its wealth, also defined as stake. This
means that in the PoS system there is no block reward, so, the miners take the transaction fees. This
is why, in fact, in this PoS system miners are called forgers, instead.
Most cryptocurrencies including Bitcoin rely on public ledgers. This means that all transactions are
public, and the history of a coin can be traced from its inception, and all the transactions that it has
been involved in. The easiest way to visualize Zerocoin tech is a black box, where everyone who
wants to anonymize their coins places their coins in it. When they are ready to spend the coin, they
produce a proof that they did place coins in the box, but the proof does not state which coin they
Another benefit of utilizing this form of network is that users can send and receive instant, irreversible
transactions. Once the MNs reach consensus on a transaction, the inputs of that transaction become
locked and become non-transferable elsewhere on the network. The process takes about four
seconds and is decentralized means allowing near instant payment for real world commerce as well as
Mobile features – Masternode monitoring
You are at school, at work or just outside with your family or friends and want to check your
Masternode status sure the last you want to do is run to your computer and check your income.
With our idea of Masternode monitoring you are able to check your MNs Health values from anywhere.
You can check various parameters
- Online status
- Last reward time
- Received VNX
You can also select a MN to get more detailed information.
We will start with passive monitoring. Once the system is developed and working correctly we can
start to implement active features for example restart your coin daemon or VPS remotely.
The possibility to us a cryptocurrency in the real world is an important factor. That’s why we design our own coin card. The card can be refilled so you can use your own card over and over again.
The coin card can be used as:
- Gift card
- Shopping card
- Universal Card for offline Transactions
- Employee gift
To further incentivize Masternode holders, we will implement a reward program from our casino. Each Masternode holder will receive a share of the casino profits. Fair Odds, best chance to win, User friendly GUI, live Support, many Games to choose from .
Our Rating About The "Venox" Project
Venox is a Proof of Stake Cryptocurrency [coin], based on the Zerocoin blockchain technology. It is a coin created by the community for the community. It’s primary goal is leading mobile application, staking development, privacy, and passive income through masternodes.
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