With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Venoty, a digital currency that enables instant payments to anyone, anywhere in the world and use peer-to-peer technology to operate with no central authority has arrived.
"Children are eager to learn and do this faster than adults. Understanding Bitcoin is no different as lots of children are quickly learning how to send and receive the currency. Digital currency is the future of money and children should know the fundamentals of digital money and that's just on an aspect of cryptocurrency.
Creativity is part of a child's inhibition and the expression of a creative mind is quite important especially when it is honest and pure.
The Venoty platform will enable children to develop their personalities while training them to think creatively in all aspects of their lives whether it is social, online or even in school.
Venoty acknowledges that children have unique learning abilities and thus the platform is personalized for each child’s needs in order to make learning as easy as possible using rhymes, riddles, mathematical activities, interactive verbal activities and phoniatric exercises, which will develop the creative minds of the children."
With that being said, Venoty is designed for responsible parents who want to educate their children in a creative way and provide them with correct, balanced and well-structured information according to their needs from birth (or even earlier) until teenage years.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is VENOTY?
As depicted above and as indicated on the official website of Venoty, Venoty is a digital currency that enables instant payments to anyone, anywhere in the world and use peer-to-peer technology to operate with no central authority. Venoty was launched using the Scrypt algorithm which we have assessed to be the most suitable algorithm currently available that aligns with the goals.
In addition, the Venoty platform was customized in accordance with the needs of the child, with its own content, and it was created by educational and IT specialists. Venoty will become, in time, the perfect tool to guide the child into his or her own personal development process. Venoty is designed for responsible parents who want to educate their children in a creative way and provide them with correct, balanced and well-structured information according to their needs from birth (or even earlier) until teenage years.
The goal is to become a complete multi-cultural platform based on blockchain technology, making it easy to use and accessible for every branch of education for users of various ages and nationalities. Venoty wants to give everyone the opportunity "to speak the same language": the Venoty language.
About The Venoty Platform
Venoty is designed for responsible parents who want to educate their children in creative ways and provide them with correct, balanced and well-structured information according to their needs from birth (or even earlier) to adolescence.
What parents (administrators) can do on the Venoty platform:
Create, edit and manage multiple profiles.
Manage content based on age.
Report the time spent in the application.
Have parental control.
Enter the password in the administrator account.
Access to the Venoty market.
See balance information.
Acquire historical acquisitions.
Use expensive currencies according to your preferences.
The Key Features of the Venoty platform
Venoty address assignment.
Free application without ads.
Content in several international languages.
Online child protection system.
Venoty rewards generated in the application.
Advice on weekly family activities.
Account together with application.
The ability to use prizes obtained on the platform.
The ability to buy from FIAT our currency.
Business Customers 2.
A book to guide parents in the child's development process.
Books with children's stories, text and audio formats.
Music to stimulate brain development in infants.
What can a child do on the Venoty platform
Access content proposed by parents.
Develop general knowledge.
Grow imagination and creativity.
Obtain self-care skills.
Achieve goals set by parents.
Spend quality time with parents through weekly activity suggestions.
See notifications from parents.
NB: The Venoty ecosystem is built to combine the application for child development through creativity with the marketplace, which has a great variety of books and audio content.
It’s designed to look so simple while in reality it is very complex, with a high degree of security without advertising with its own special content.
The best teachers, psychologists, actors, musicians, graphic designers and developers with access to various cultural areas will be involved in the project.
About The Token and ICO Details
Venoty coin is a digital currency that enables instant payments to anyone, anywhere in the world and use peer-to-peer technology to operate with no central authority
Venoty was launched using the scrypt algorithm which we have assessed to be the most suitable algorithm currently available that aligns with our goals. It stands out due to the fact that its more energy efficient compared to other algorithms.
Scrypt allows almost anyone with a CPU/GPU the ability to mine Venoty, the algorithm is ASIC resistant and is using Dark Gravity Wave V3. Dark Gravity Wave (DGW) is an open source difficulty-adjusting algorithm for Bitcoin-based cryptocurrencies.
The Venoty Token Details
Coin Name: Venoty
Type: Proof of work
Total Emissions: 94,000,000 VNT
Premine: 10,000,000 VNT
Main Distribution: ICO
*all unsold coin will be burned.
80% Coin Sale
10% Bounty Campain
10% Exchange Markets
USE OF FUNDS
Based on our experience with crypto world, mining, exchanging and working with different projects on blockchain, we start developing the idea of a new coin based on scrypt algorithm, witch aims at supporting a platform for child’s development stages. This is the origin of Venoty platform idea. We create the infrastructure to sustain blockchain Venoty platform.
Development of the concept and business plan. Engaging with advisors and preparing financial, marketing and social research study.
We start developing the Venoty coin including wallets for linux, windows and macos, pool software, block explorer, paper wallet and begin stress testing.
We are launching pre-bounty campaign and releasing Venoty white paper. Launching Venoty ICO campaign.The coins will be delivered to the owners at the end of the ICO campaign to prevent mining before the official release
Releasing the main website, Venoty coin with block explorer,wallets and official pool. Beginning coin distribution. Preparing to open discussion for exchange market and payment gateway.
Continue developing the Venoty platform and market. Secure the Venoty network by encouraging users to mine and establish their wallets. Upgrade and maintain Venoty core. Develop and release wallets for web and mobile. Continually improve functionality and increase hardware.
Releasing the Venoty platform and market in closed beta version, and opening registration for 2000 users for testing and debugging. Follow us on telegram channel for upcoming registration for close beta.
Final release for Venoty platform and market.
We hope that the Venoty platform will grow into a community that will make the world a better place, linking people to a different culture faster than the distance between them.
Further development of the ecosystem (2000+ partners, 2.5 million active users).
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=5106507
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
My Ethereum Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.