The Verlux team declared the primary listing of its VLX token on the well-known BitMart Exchange. According to the company, the listing on May 3, 2022, will allow all BitMart users to trade the VLX/USDT pair starting from 06:00 AM EDT.
Verlux’s objective is to build a sustainable platform to support the growing number of daily trades on the NFT ecosystem. The team is also committed to enabling NFT interoperability across many blockchains in the ecosystem by creating a cross-chain protocol for them.
What is Verlux all about ?
Verlux is a Cardano-based community-driven decentralised cross-chain NFT marketplace that allows users to buy, mill, swap, and sell their NFTs while using the Cardano Blockchain’s security and low gas fees.
The project’s aim, according to the team, is to provide seamless interactions between the large number of NFTs on multiple blockchains via a neutral network while taking advantage of Cardano Blockchain’s low transaction fees.
Although most NFT marketplaces enable NFT minting and trading, Verlux provides a cross-chain swap protocol that allows users to execute additional functions such as swapping NFTs from other blockchains to the Cardano Blockchain.
Amazing Features of Verlux
- Decentralized NFT Marketplace: Verlux provides a decentralised NFT marketplace built on the Cardano Blockchain for NFT enthusiasts and creators. The marketplace’s enticing qualities include sustainability, scalability, and interoperability, which ensure high confirmation time and faster transactions.
- Staking and Yield Farming: $VLX holders can stake a certain amount of their tokens on the platform and earn rewards in a special NFT edition. They can even trade their prizes on other platforms.
- Cross-Chain Swap Protocol: Users can easily move NFTs from other blockchains to the Cardano Blockchain via its cross-chain exchange protocol. To provide consumers a taste of NFT interoperability, the team will create its swap protocol on the Cardano network’s smart contract.
- Low Transaction Cost: The team chose the Cardano Blockchain for their project because of its low operational costs for selling and minting NFTs. This is done to ensure that Verlux users pay less when they utilise the platform.
- NFT Farming: The Verlux team has added a staking system to its marketplace, which let users farm exclusive NFTs and farm special NFT editions. The team distinguishes itself as the first of its kind to launch such a project on the network via the new protocol.
- Governance: Holders of $VLX tokens have the ability to participate in project decision-making procedures. They can also vote on topics that harm the ecosystem. As a result, the token’s owners aren’t simply ordinary holders but they’re key players in the Verlux ecosystem.
