INTRODUCTION
The innovation that has been carried out by technology in this modern age transcends human
imagination. The ideas are going crazy, and it’s going to become even crazier in years to
come. The only permanent thing in life is change. Technology is changing every part of ours
daily lives. One of the most important aspects of human life that has received considerable
attention of technology is the financial sector; technology is revolutionizing the way of financial
transactions are being made all over the world through the introduction of cryptocurrency into the
financial market.
This English language White Paper is the primary official source of information about the Vaynix (VNX). The information contained herein may from time to time be
translated into other languages or used in the course of written or verbal communications
with existing and prospective customers, partners etc. In the course of such translation or
communication some of the information contained herein may be lost, corrupted, or
misrepresented. The accuracy of such alternative communications cannot be
guaranteed. In the event of any conflicts or inconsistencies between such translations
and communications and this official English language White Paper, the provisions of
this English language original document shall prevail.
Vaynix is not just another digital asset service, it will be a product combination with a
massive amount of high skilled labor input. Vaynix is a Universal digital asset platform, which
is also aimed at building a strong, concept-driven currency that offers the chance to see
profits and gains considerably snappier and can take benefits out more effortlessly. Vaynix
will provide customer user-friendly tools to satisfy his all the digital resource needs and help
You are not entitled and shall not buy VNX tokens if you are a citizen or
resident (whether for tax or any other purposes) of any country or territory
where operations with digital tokens and/or digital currencies are prohibited
or somehow restricted by the applicable legislation. A “person” is typically
defined as an individual who has residence in the states/territories
concerned, or as a legal entity organized or incorporated according to the
law of these states/territories.
You can also use Vaynix as a platform for selling
goods, as well as buy them. The simple, user-friendly
and free interface makes Vaynix attractive for
entrepreneurs and companies from any part of theworld. It is also themost comfortable
way for the user topurchase productsand pay for them.
All necessary data is integrated into one account, so
for Vaynix user buying any type of product is
a simple few-click process. All the e-shop goods are
categorized and can be rated by users, which
makes our market maximum clear, honest and
open. Our market offers modern and efficient
customer service to Vaynix users as well as
multiple discounts. Vaynix grants its users simple
access to various products and opportunities
of simple few-click payment for goods. Due to
mobile and efficient communication channel, the customer gets fast, reliable and
effective service and opportunity to be in direct contact with vendors. Entrepreneurs
and vendors can integrate their public accounts into Vaynix shop, and maintain
contact with customers via different channels, send them discounts, keep them updated
about any new promotions.
Vaynix also enables a fourth feature – an ATM or exchange service, if local legislation permits it.
Customers will be able to exchange their cryptocurrency for cash and vice versa in businesses that use Vaynix .
This document briefly clarifies the issue and offers a solution for businesses and users (customers) in regards to payment transactions.
Blockchain technology will be integrated into the Vaynix multiverse cash drawer/platform and by
introducing Vaynix (VNX) cryptocurrency, we will generate added value for those who invest in this
project, for businesses, users, and for ourselves.
how is the vaynix project achieved ?
The vaynix project is built on the ethereum platform, (Erc-20) Token, the code underlying this project being written and improved by Martin Wilhelmsen, Dexter Collier and Lucas Nilsen.
Ethereum offers a standardized method for creating new tokens in its Blockchain called the
ERC-20 protocol. ERC-20 is not some line of code, software or technology. On the contrary,
these are the guidelines that facilitate the integration of several currencies.
Before the ERC-20, each new cryptocurrency created its account balance verification system
and initiated transfers. These methods included different functions and arguments that are
not necessarily compatible with other systems. The ERC-20 streams have the same functions,
with the same names, having the same arguments. They use a standard set of rules and
guidelines that ensure that both monetary systems can relate to each other. Since the year
2015, developers have adopted mainly the ERC-20 standard, but then Ethereum has not
imposed its use. In September 2017 Ethereum formalized the protocol, which means that all
signs in the Ethereum Blockchain must comply with the standard. Creating an ERC-20
compliant cryptocurrency in Ethereum implies that the new streams have immediate
interoperability in the Ethereum Blockchain.
Why we chose Ethereum ERC20 token standard as our main token?
To better understand the Ethereum ERC20 token standard, it is essentia
l to know why it is
difficult to create new applications and currencies in the original Bitcoin Blockchain. The
Bitcoin Blockchain has some problems that make it a bad choice for ICOs. These problems are
highlighted below.
1. Bitcoin Blockchain is not a more general-purpose program: What distinguishes
Bitcoin from not being a more general-purpose program is its design as a monetary
system. Therefore, the ledger of the account balance is its internal program state.
This means we can easily set up a new Bitcoin wallet for our ICO, but writing a
program that calculates and distributes the tokens on top of that wallet is difficult.
So, to execute ICO contracts, a more general-purpose program state is needed
2. Security Issues: Talking of security, Bitcoin cannot be referred to as a Turingcomplete
scripting system. This is because a Turing-complete scripting system can
find answers to any computable problem when given enough time and memory. In
general, two things are required by a Turing-complete scripting system: firstly, the
ability to repeat or ignore instructions when certain conditions are met, and secondly,
the ability to store data as a variable. Indeed, Bitcoin Blockchain is not a Turingcomplete
scripting system.
One of the main reasons why Bitcoin is not a Turing-complete system is because it
does not support programming loops as a security measure. The programming loops
will activate a DOS (denial of service) attack because the attacker can tell the miners
to make infinite loops. However, this is a problem when it comes
to implementing ICOs, because loops allow developers to check
and recalculate data. An effective crowdsale requires
the calculation of the total contribution after each new
investor, then the closing of the ICO is determined after
Vaynix Contract Information
Contract Address 0xbbf1885C21604Ef777009aCa8ff549EE96Bb3D7C
Total Supply: 10,000,000,000 VNX
Token Symbol: VNX
Token Decimals: 18
You can send Ethereum direct to our contract address in order to receive Vaynix (VNX)
Use the following wallets
Security
Majority of your funds will be safely kept in
special offline cold storage, which will protect
them from any hacker attack. Online is totally
limited and intended for active trading. We
provide the opportunity for safe and secure
commerce.
Vaynix features special programs,
monitoring all the exchange activity. In case of
any suspicious activity, the system tracks it and
blocks immediately, so any possible problem will
be nipped in the bud. Unlike centralized banks,
we do not have any power over your funds.
Here you are the only master of your
money. Our bank combines the most modern
banking systems, internet of things features
and Blockchain technologies. And all this
according to the highest standards of the
convenience and security. We strongly adhere to the principle of API openness and
apply the most innovative technologies of data processing and e-payment.
Purpose of the Vaynix Project
Creating our own ATMs where users can withdraw their funds in fiat. These ATMs are placed in every capital of the world starting with Europe. This will be done in the year 2019
VAYNIX Marketplace will allow thousands of vendors around the world to get access to markets that they cannot afford now and will provide access to the audience of early adopters and technology fans Millions of customers will receive a unique range of one-of-a-kind products with no extra charges from intermediaries
Vaynix, a cryptocurrency that will focus on anonymity, Every users can use Vaynix as an anonymous payment method without anyone knowing who is behind that transaction, No one knows how much you sent or how much you received. No one knows how much money you have in your wallet. Secure your life with Vaynix
With the Vaynix debit card you can
use your funds both online and
offline for purchasing goods in any
country.
Our debit card allows you to
spend your crypto and
traditional currencies as well in
any place where cards are
accepted. Unlike most of the
banks, we do not charge big costs
for sending money from one bank
account to another.
With Vaynix you can exchange with the lowest and cheapest rates, and it won’t
affect on speed and security of transaction process. We do not care about your
current location, Vaynix users are equal and their transaction fees are the same,
regardless of their residency.
What distinguishes vaynix from the rest of the coins on the market
Vaynix is distinguished in the marketplace by its operation as a fully integrated system on
which a cryptocurrency is offered via universal access that can be managed, traded, stored,
and exchanged, and can support transactional activity like redemption for fiat money through
an international debit card, and hassle-free peer-to-peer lending in fiat currency. Vaynix
transactions are protected through state-of-the-art biometrics.
