Vox Finance is a community-driven decentralized finance platform that uses an innovative approach in providing profitable and beneficial financial services to the market. The project’s independent developers rely on a strong community engagement process to initiate, devise, and create products that the market demands.
The mission of Vox Finance is to unify different features of the decentralized finance into a single people-driven platform, where every member can lend, earn, and borrow money. They also look forward to being the leading global and professional farming, swapping, and staking services provider, attracting both established and emerging investors. To promote the vibrancy of the project, Vox Finance uses a community-centric governance model.
This well-established Vox Finance runs on the ethereum blockchain.
The functionalities of any platform depend on its features. Vox Finance has several features that make it truly innovative, profitable, and decentralized.
Yielding and staking platform: This is one of the hallmark features of Vox Finance, as it enables the platform to distribute its native token, VOX, to its large community. As a result, Vox Finance maintains sustainable liquidity, is integrated with Uniswap, and provides high volume traffic to the distributed ledger.
Lending and borrowing platform: The main function of this platform is to enable community members to lend, borrow, and swap their stable coins. The exciting aspect is that the people who deposit stablecoins earn safe interest. Also, depositors get rewards when users exchange their cryptocurrencies. Besides, lenders receive VOX tokens as another incentive.
Apart from swapping and lending, users can borrow cryptocurrencies as long as they have deposited or staked some stablecoins that act as collateral.
Vaults and strategies: The vaults contain community members’ funds to support the agreed-upon underlying strategies. One advantage of the vaults is that the funds will self-appreciate since that is an attribute of the strategy. In other words, the funds generate steady returns, which token holders share.
VOX is the platform’s native token, with an initial supply is 1 250. The distribution of the VOX tokens is:
- 500 VOX for initial liquidity. Both the 500 VOX and 20 ETH forms the initial liquidity pool, maintained in Uniswap.
- Seed investors: 500 VOXs
- Treasury Fund: 100 VOX
- Development team: 50 VOX
- After that, each block will mint 0.0125 daily, translating into a mint rate of 75 VOX per day.
The burnt rate is 2.0% per transfer, while the developer rate is 4.0% per block. Currently, people can buy the VOX tokens on Uniswap and store them in Metamask Wallet.
It is important to note the different roles of the distributed tokens. For example, the treasury provides an incentive to depositors of both public and private vaults.
The community and marketing fund is distributed to community members as a reward for their engagement. The development fund covers the costs of creating, developing, and maintaining the VOX project.
Vox Finance has a governance token, POPULI. All token holders take part in an exclusive forum that passes various resolutions. Any member who stakes his/her VOX tokens earns the POPULI token. Also, the POPULI holders have a right to stake the tokens in a private staking pool.
Secondly, the POPULI holders create proposals and vote on governance issues. However, Vox Finance adopts only the proposals that pass the quorum.
VOX Finance stands out from its competitors in several ways. It has audited smart contracts, transparency, and strong community engagement. Above this, there is organized community engagement as well as a dedicated and experienced team.
To engage the community, Vox Finance uses many platforms. Anyone is free to join them.