Chairman of ACCE Australia and Mine Digital Exchange Paul Brown to Join VSYS as DeFi Advisor
V SYSTEMS announced today that the Chairman of ACCE Australia and Mine Digital Exchange Paul Brown has officially joined the team as Advisor for Decentralized Finance (DeFi).
As Advisor, Paul will stimulate effective strategic planning on VSYS’s DeFi development through investment and partnership activities targeting blockchain-based financial products and entrepreneurs across the globe.
Paul has over 30 years of executive and management experience in banking and finance. He co-founded Brown, Holz & Co in Australia 20 years ago, which provided transaction arranger services to international banks and multinational companies, focusing on tax-effective cross-border financing. Before that, he was the Head of International Leasing, Asia Pacific in Deutsche Bank and Deutsche Morgan Grenfell.
Paul’s extensive knowledge and network will help create new connections and opportunities for the strategic development of VSYS’ DeFi ecosystem.
About V SYSTEMS
V SYSTEMS is a blockchain infrastructure provider with a focus on database and cloud services. Powered by the Supernode Proof-of-Stake (SPoS) consensus algorithm, each supernode is elected in a decentralized network according to Proof-of-Stake (PoS) principles, providing high performance minting, transaction processing and smart contract functions. VSYS is the native currency for the V SYSTEMS blockchain platform with a multitude of uses including transactions, staking and minting on the network.
V SYSTEMS aims to deliver decentralized cloud database technology with high scalability, durability and performance. With Sunny King as the lead architect, V SYSTEMS has already designed and implemented SPoS Consensus, a super efficient distributed consensus algorithm with the highest resistance to 51% attacks. The network plans to operate as a cloud platform based on modular systems that can support efficient and agile development of a vast variety of applications including but not limited to finance (DeFi), entertainment, social network and many more.
Project Name: V SYSTEMS
Official Website: https://www.v.systems
Project Introduction documents: https://v.systems/whitepaper.html
Learn how to participant supernode minting: https://v.systems/supernode.html
About VSYS Coin
V SYSTEMS’ cryptocurrency exchange ticker: VSYS
VSYS Coin lists on exchanges: https://v.systems/start.html
VSYS Coin on coinmarketcap page: https://coinmarketcap.com/currencies/v-systems/
VSYS Coin CMC Ranking: https://coinmarketcap.com
Short Summary for VSYS Coin:
VSYS coin is the main crypto currency in V SYSTEMS blockchain. The main utility of VSYS coin is for rewarding the act of block producing and platform function use.
VSYS coin features the strongest ability in payment across the globe, allowing completion of a massive transaction within as short as 1 second. It is also known for a low fee (less than 1 coin for each transaction) and the world highest security level that makes it less vulnerable to 51% attacks than bitcoin.
Since the main net of V SYSTEMS was brought online on November 27th 2018, the 5,142,858,000 VSYS coins have been generated from its genesis block.
By supernode minting, the V SYSTEMS blockchain will yield a fixed amount of VSYS coins as 283,824,000 every year, representing around 5% of the total supply which expected to decrease every year.
More importantly, as all transaction fees in the V SYSTEMS blockchain will be destroyed, crypto deflation may be occurred.
VSYS coin gives V SYSTEMS blockchain a balanced virtual economic, thus protecting long-term interest of coin holders and supernodes.
In blockchain validating procedures, VSYS coins will be used for transaction fee payment, supernode contending, interest distribution, leasing, and minting.
The VSYS coins will also be used to access applications built on the V SYSTEMS network, such as smart contracts, side chain, cross chain, and DApps, as well as pay for resources usage for projects built on V SYSTEMS decentralized database cloud.
