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Voxels (VOX) Is Running: Here’s Why

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Let’s talk about Voxels (VOX). This coin is up nearly 1,500% over the last few weeks alone and, a short correction aside, is currently looking like it’s going to continue running into the start of a fresh year.

So what’s behind the action and what does it all mean for the coin, the company behind it and VOX holders?

Let’s take a look.

This one’s an interesting one. The coin, VOX, is a sort of in-platform virtual currency that’s designed to be used in the Voxelus platform, which is a platform that allows for the building, creating and publishing of virtual reality (VR) games and environments.

VOX Daily Chart

VOX Daily Chart

Taking a step back for one second, a voxel (outside of the crypto space) is a sort of 3D pixel. It’s the foundation on which games like Minecraft are built and it’s the building block of the worlds that players of these games create. That’s where Voxelus has taken its (and, in turn, it’s cryptocurrency’s) name.

That’s a bit of an aside, however.

In the Voxelus platform, people can build things that basically internal or external environments and then place objects, people, vehicles, all that sort of thing within the world/environment they’ve created. They can then set objectives within the game (with the objectives forming the basis of the game) and – once everything is in place – launch the game on the Voxelus platform so people can play it.

So where does the Voxels currency come into the equation?

In order for developers to buy items, environments, game objects, all that, they’ve got to first purchase VOX and then use the VOX to transact. Similarly, players that are in the virtual environments can use VOX as a currency with which to transact both with other players in the same environment or with the game itself, unlocking extra features, that sort of thing.

So why is the currency moving?

Voxelus as a platform is getting a lot of attention right now as it’s undergoing a rebranding and it’s about to launch a brand new game. The suggestion is that, through the rebranding, the company can up its game as far as onboarding fresh users (and, in turn, fresh content) is concerned.

The more users and content that’s being created on the platform, the more volume we’re going to see in VOX across the major exchanges as the users acquire it to transact within the Voxelus ecosystem.

And we’re starting to see this sort of volume boost already – the coin saw around $20 million in volume over the last twenty-four hours alone. Go back a month and you’d be hard-pressed to find $200,000 in volume in any one twenty-four-hour period.

And what does all this say about what we can expect going forward?

Well, this is a company that’s just starting to hit that point at which it could really take off and go from a respectable but relatively steady base of users to one that’s growing exponentially. It’s got great management (the guy who created it, Halsey Minor, founded CNET and is the largest investor in SalesForce) and it’s operating in an industry that – in and of itself – has hit a takeoff point both in the US and internationally – VR is expected to be worth $25 billion in the US alone by 2021.

A well placed company, strong leadership, booming industry, smart concept and a growing base of users says one thing to us – that there’s real potential for added strength going forward into the start of 2018 and beyond.

We’re on the lookout for a rebranding success as being supportive of this bull thesis longer term.

We will be updating our subscribers as soon as we know more. For the latest on VOX, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Voxelus.

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12 Peers Capital Markets Purchases DigitalBits XDB Token

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12 Peers Capital Markets , a broker-dealer and capital markets firm has announced its support for DigitalBits, a blockchain protocol focused on consumer digital assets such as loyalty points, rewards, and branded stablecoins.  The traditional market brokerage firm has purchased the DigitalBits XDB token, after recently announcing “a new found investment thesis focused on identifying blockchain projects that improve efficiencies across global markets,” it said in today’s announcement.

DigitalBits is an enterprise-grade blockchain protocol for supporting consumer digital assets, specifically branded currencies.  The company believes that branded currencies play an integral role in driving consumer behavior, but many of these programs are dated by today’s technological standards.  “These limitations have stifled value transfer, resulting in the accumulation of large amounts of idle capital – in 2017 US corporations held in excess of $100 billion in unused points liability,” the DigitalBits experts explain.  

The DigitalBits blockchain supports tokenization of existing and new consumer digital assets.  The XDB Foundation, which was formed earlier this year, is a neutral agnostic non-profit organization to enhance the DigitalBits blockchain and ecosystem, engage partnerships and building a robust ecosystem for users. Commenting on the 12 Peers Capital Market announcement, XDB Foundation’s Managing Director Michael Gord said that it is great to see traditional firms show interest in blockchain technology. …

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Manufacturing Blockchain Company Syncfab Featured in NASDAQ Entrepreneurial Center’s Event in Times Square

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The NASDAQ Entrepreneurial Center hand-picked several advanced projects and companies to provide individualized mentorship and executive coaching in an effort to support tech startups working on various COVID-19 solutions. As part of the program, the NASDAQ Tower in Times Square broadcasted its Milestone Makers COVID-19 Solutions Cohort live last Wednesday.  

Time-tested communications and manufacturing supply chains have been significantly damaged this year due to the pandemic. This is why manufacturing blockchain company SyncFab was one of the headliners at the conference. Supply chains have become all but non-responsive, and innovative solutions are being prioritized.

SyncFab has built and launched an advanced blockchain platform for supporting smart supply chains and allowing users to source, procure, track, secure, and pay for precision spare parts. Led by Forbes Business Council Member Jeremy Goodwin, SyncFab brings real-time capacity savings opportunities alongside addressing the billion-dollar pain points in manufacturing supply chains. It connects automotive, aerospace, and medical manufacturers with more cost-effective suppliers using blockchain-secured transactions.

“In 2020 the time has finally arrived for industry to jettison the limitations of old-fashioned manual procurement processes,” said SyncFab CEO Jeremy Goodwin in his presentation during the conference. He added that “looking forward, we [SyncFab] will expand supplier coverage, add new supplier response incentive and purchase order programs, and continue to innovate post-procurement blockchain traceability features” to meet shifting needs in the industry.

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AllianceBlock & TTC join forces to build a globally compliant digital asset ecosystem in the Philippines

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AllianceBlock will work in tandem with TopJuan Tech Corporation to launch “a globally compliant digital asset  ecosystem in the Philippines,” the two companies announced in a press release. AllianceBlock is planning to launch a decentralized platform to automate the process of turning any digital asset into bankable security via an internationally recognized Individual Securities Identification Number (ISIN).

AllianceBlock

TTC stands for TopJuan Tech Corporation, a financial technology company endorsed by the Central Bank of the Philippines (BSP) to incorporate as an E-money provider, remittance agent, and a virtual currency platform operator. TTC is an institutional gateway for digital banking and solutions for financial inclusion services. The TTC mobile app, Top Wallet, functions as a payment solution, digital asset wallet, and a partner gateway to the TTC ecosystem.

AllianceBlock and TTC hope to provide fully compliant digital asset access to the 106+ million people who live in the Philippines.  One of the pillars of the  partnership is “the development of a regulated sandbox in the Philippines to facilitate the creation of a range of compliant crypto structured products,” the companies said.

“Our partnership will allow regulated access to the Philippines for AllianceBlock to fulfill the growing demand for access to compliant digital asset investments in the Philippines through the AllianceBlock…

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