Voxels is an in-platform cryptocurrency that is set to power the Voxelus global ecosystem of VR content and technology. Founded in 2015, the Voxelus platform allows anyone to create, share and play Virtual Reality games, experiences and virtual spaces without writing a line of code.
The platform consists of Voxelus Creator, a 3D design app for PC and Mac; Voxelus Viewer, which works on desktop PCs, Oculus Rift and Samsung VR devices; and the Voxelus Marketplace, which allows creators to sell and user to buy VR content and games for the Voxelus ecosystem, using the unique voxel in-game cryptocurrency.
Voxelus is based on similar virtual reality systems but adopting various different elements such as an open source nature to the products and games that can be created. In this sense it imitates Bitcoin’s open source nature, second life and mine craft – giving individuals the ability to create and sell inside a walled virtual world.
The Voxelus Marketplace.
The Voxelus Marketplace is an online curated 3D asset store of content within the Voxelus platform. It allows users to expand their content library by purchasing 3D assets from designers all around the world. You just select what you want, purchase it and then it becomes automatically available in The Voxelus Creator the next time you open it or hit refresh.
Voxelus plans to offer a revenue share with creators as the VR game industry is estimated to be a 12 Billion USD market in the coming five years. Samsung’s coinciding Q1 planned release of the Samsung Gear VR Headsets will allow the technology of Virtual Reality to finally reach mainstream adoption with Voxelus primed as the leader in VR content. Estimated prices will range from 99.99 to 299.99 USD for the Samsung Gear VR Headsets. Previously, VR headsets were too prohibitively expensive even for developers to use, let alone end-user gamers.
Voxelus also announced their partnership with Flatpyramid.com, an online marketplace for discovering, buying and selling 3D content. With the partnership, Voxelus will integrate up to 7000 Flat Pyramid VR assets such as non-proprietary graphics, images and 3D models, including still and animated characters and environments into the Voxelus Marketplace, making them readily accessible for creating custom VR worlds immediately ready for multiplayer.
Voxels (VOX) Token.
Algorithm: PoW Scrypt.
Current coın Value: $0.057330.
Market Cap: $12,039,237.
24hr volume: $139,932.
Cırculatıng Supply: 210,000,000 VOX.
Max Supply: 210,000,000 VOX.
(As of 26/8/2017)
Voxels is the “coin of the realm” to purchase any of the thousands of digital assets, animations, games and immersive worlds on the Voxelus marketplace, which went live in Q1 2016. Voxels is based on a Litecoin fork with 210 million coins and 2-minute confirmations. On top of that is a unique checkpoint server that prevents possible attacks on the network.
Of the 210 million Voxel units available, 15% were sold in a funding presale in November 2015. Of this 15% offered in the presale, 1.2million VOX were sold to private investors – probably at an extremely preferential rate. The rest of the 15% were sold on a crowdsale lasting 30 days. The price was increased throughout this crowdsale from $0.34 to $0.45.
The crowdsale was facilitated by ShapeShift, a Voxelus strategic partner and investor run by iconic bitcoin entrepreneur Erik Voorhees. ShapeShift also recently facilitated the back-end for successful crowdsales for Augur (raising $5.2 million) and Spells of Genesis.
The rest of the 85% voxels are to be released for sale at Voxelus and Uphold. Some Voxels will be used to incentivize marketers and developers – although this is not yet known in terms of quantity. How the rest of the 85% will be sold is also not clear – it is only noted that they will be sold in relation to public demand.
But unlike many cryptocurrencies which use crowdsales to build their token, the Voxel platform was by then already substantially complete, including wallets and internal mining pools.
Voxels was all premined.
Voxels isn’t mined as it was all premined. The coin still acts like a crypto currency with blocks that are 2.5 minutes apart and with a 30 minute difficulty retarget. The Company behind voxels recommends that you don’t mine as there aren’t any block rewards – it is not clear if there are transaction fees levied. Another point that is not clear is the ability to perform a 51% attack on the network which is scrypt based.
Uphold. This is a bitcoin exchange that will support voxels. Previously known as Bitreserve, Uphold helped to create, distribute and support the proprietary voxel currency.
Uphold will also release an Uphold VOX Card, giving Uphold members the ability to fund accounts via credit card, bank transfer and Bitcoin, which will give Voxels equal functionality to Bitcoin on its platform and accessible to people around the world.
Currently Uphold handles more than 20% of all Bitcoin Transactions in the world making it the largest Bitcoin exchange system
ShapeShift.io. This is a registration-less cryptocurrency exchange.
Voxels Multiplatform Wallets. Here are the links to get the wallets:
- Windows QT Zip- https://mega.nz/#!f1lBGbCI!M_2AVMj_-A80soWNfSP2TFCWZuxEFI_8-stAv2-tutk
- Mac QT Zip-https://mega.nz/#!Ks1kkaoD!9Xdw3rp6_oYEuh96BOa2TJFuqfZyJRUb4N4a7yvl4PM
- Mac QT .dmg – https://mega.nz/#!blFQRKSa!7WpFBBvmVwpV-To7Y6fCwvgkDnmCNRzz2utsxDQGOq8
Free Online Wallet. The Voxel online wallet is fully operational and it’s the safest and easiest way to hold voxels.
Among the Foundation’s goals will be expanding the robust cryptocurrency to work with a variety of networks, games, VR platforms and entertainment content providers, brands and advertisers, as well as to seed its adoption in universities, VR enthusiast groups, and gaming/VR enthusiasts globally.
The foundation was initially endowed with a grant of 5 million Voxels, with up to an additional 10 million Voxels in future years to support its mission.
Who are the team behind Voxels and Voxelus.
With more than 100,000 sign-ups to date, Voxelus was started by entrepreneur Halsey Minor, who founded of CNET and was co-founder of Google Voice, Salesforce.com, GrandCentral (now Google Voice), OpenDNS, Uphold and Rhapsody, and a team of Buenos Aires developers led by Argentinean software industry veteran Martin Repetto, CEO and co-founder.
Repetto previously created the popular Massively Multiplayer Online Game (MMOG), Atmosphir, a video game creation tool that ended up as a runner up on the TechCruch 50 back in 2008. MMOG is capable of supporting large numbers of players, typically from hundreds to thousands, simultaneously in the same world over an internet connection.
Prior to Voxelus, Repetto was CEO of Minor Studios managing a team of twenty developers in the creation of Atmosphir. As co-founders, Repetto and Minor are joined by Maximo Radice, who has worked in the software industry for 14 years and mostly focussed on the development of video games.
There is a need for a Virtual Currency with a real use case, not pure speculation. With the surge of VR, this could be the perfect moment to pair two innovative industries together and create a coin for users to be able to buy and sell their virtual items and it only makes sense to utilize blockchain technologies.
Users can also take their funds out of Voxelus, and decide what they want to do with them. This is the first time any gaming creation platform has used an in game currency that will be tradable on Bitcoin exchanges.
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