[PRESS RELEASE – Singapore – August 13, 2022]
Volare Project is a project to construct a vast ecosystem based on blockchain network (“Volare Network”) that proves the commercial viability of the new Equilibrium technology. Volare Network has released its first white paper 1.0 on August 1, 2022 (please see here).
Current blockchain platforms execute transactions at a considerably slower speed than existing commercial-grade server-client platforms. Those blockchain platforms also suffer from low scalability due to structural flaws that cause the overload of a particular service to negatively impact the entire network. Equilibrium, a blockchain engine developed by EQBR Holdings Co., Ltd. (EQBR Holdings) overcame such problems by (i) a new non-competitive consensus algorithm (Equalize) and (ii) an enhanced micro-service architecture (micro-chain architecture, MCA). That is, Equalize profoundly enhanced transaction speeds while MCA overcame limitations created by rapid network expansion.
Volare Network can have unlimited number of small independent network corresponding to each independent service domain thereunder (micro chain). Based on Equilibrium, each network operating within Volare Network can provide stable services to users with improved speed and scalability, which is supported by the test operation of Volare Network through millions of mini-VOLRs (i.e., free tokens for airdrop purpose) transactions by a half million Whisper Messenger (i.e., wallet of Volare Network) users.
Within Volare Network, Volare (VOLR) will be the main currency of the network to be exchanged with other tokens of micro-chains and used for other supporting applications such as Volare DEX (decentralized exchange), Game Center (dApp store) and Launchpad in the Volare Network.
The public sale of VOLR will be held from 12 September 2022 until September 24, 2022, giving the general public an opportunity to purchase VOLRs and participate in the expansive ecosystem from early on. Please refer to here regarding the most updated schedule on the public sale of VOLRs.
A person who wishes to directly apply for the subscription of VOLRs must deliver Ether in the amount corresponding to the value of the VOLRs by using Metamask wallet and thus must have such Ether in advance of application of VOLRs. You can access the full step-by-step guide on how to participate in Volare Public Sale, here. Other methods to purchase VOLRs, if any, will be announced separately.
With a well-balanced distribution plan that includes various mechanisms to protect early-stage participants, Volare Project will be a novel model for offering digital token which is sufficiently distinguished from other blockchain projects.
About EQBR Holdings:
EQBR Holdings is a pioneer of Web 3.0 infrastructure providers. Founded in 2020 in Republic of Korea, EQBR Holdings developed main technologies which are deployed by Volare Network and has continued to publish a full line-up of blockchain applications which can be used in Web 3.0 era for universal purpose, including among other things Whisper Messenger, EQ Hub, etc. Whisper Messenger is a messenger combined with wallet function and a strong tool enabling users to access any blockchain network including the Volare Network.
EQ Hub is a tool to popularize Web 3.0 into a real life by providing a GUI based interface to easily build a block- chain network without complex coding process. EQBR Holdings’ technological achievement were recognized by the Korean government which selected EQBR Holdings as a joint R&D partner in a five-year national project to set the national standard for blockchain. EQBR Holdings has two subsidiaries: EQBR Networks in Singapore and My Flex in U.S., both of which are business base camps assisting EQBR Holdings’ offshore business in Asia and America, respectively.
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