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Hi! Wanted to buy some coins but I am confused which one does what ( VITE or VX).
Can someone make some light into what each token does, what are the specs? I only could find the specs of VITE (i.e. max suply, circulating supply, POW/POS etc..)
Also which one can be stacked, what is the APR, etc..
Thank you!
VX VX can be understood as a “proof-of-equity” on the ViteX platform, which is a standalone application running on the Vite blockchain. ViteX has its own incentive model to encourage user trading. The value of VX is positively related to the user and transaction volumes on ViteX. This will not affect the value of VITE, which is related to the Vite public chain. The value of VITE and the Vite chain increases as more dApps are run on Vite. VITE and VX are connected in some ways. For example, if VITE is staked as mining, VX can be earned for it. This means that resources on Vite can be used for transactions on ViteX. Both coins VITE and VX can be found om CMC. VITE is Dpos, VX is a token on Vite Chain. Max supply of VITE is 1 bill + 3%infaltion - burning. VX 28mil. |
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Do you have any plans list VX token to other exchanges? Some exchanges are listing own tokens to others...
Yes, we are working on this. Thanks for support! |
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What functions are already implemented on Vite?
This is a very broad question. But in general, the main functionality is concentrated in the Vite wallet and is built around VITE and VX coins, networks and ViteX exchange. Functions: Staking, Voting for Super Nodes, Launching Nodes, Trading on the ViteX Exchange, Mining on the ViteX exchange. |
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spot on, I am thinking the same thing as yours. could it be a coincidence? but the timing is too perfect. do not forget the price went up for 100% when the announcement happened.
the team needs to clear our doubt regarding this.
Do you know exact date of listing to Binance? The price is goin down again... But after listing Binance should have huge pum (this were almost with all coins which they listed before) vite listed on binance yesterday https://www.binance.com/en/support/articles/360037890251 you can not expect another pump after vite went up for 100% before the announcement, vite needs correction to stay healthy. Can you tell me any other exchanges where you are listed? Did you forget how to use website? You can find there all info and all exchanges What can you advise Binance or Okex? Help me please. Do I need to complete KYC ? ViteX have no KYC. Feel free) That's good, what is about devidend system for holding? Very simply, all fees collected on the ViteX are distributed among the holders of the VX (ViteX exchange coin) Good, thank you. So I can buy vitex coin and get divs, yep? Correct, you also need to Stake your VX coins, in order to get dividends. Min is 10 VX. Is there any maximum limit for holding? There is no maximum. |
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What is about transaction fees on your wallet? Is it free?
What is about transaction fees on your wallet? Is it free?
As far as i know if that's not free but it's almost free that means if that consumes only a few cents and it will no more than 10 cents. Im also using vite wallet right now and the transaction is instant. You should not feel worried about the fees caused by this is DAG that is possible to make the fees is almost zero. My review based on my experience use vite wallet. I just hope you can get a good anwer from my post. Vite does not charge transaction fee. Instead, an amount of quota is consumed when sending transaction. All operations, including transfer, deploying smart contract, calling smart contract, issuing token, registering SBP, retrieving mining rewards, voting and staking, consume quota. To meet this requirement, a unique quota generation and consumption model is implemented in Vite network. To get quota for your account, you can: - Obtain a piece of small, one-time quota by calculating a PoW puzzle upon sending transaction, or - Stake VITE coin. More info here https://vite.wiki/tutorial/rule/quota.html#what-is-quota |
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This airdrop works, I am collecting it already several days.
not worth of a time only 80pcs coin per day can be claim which is not even have the value of 0.1 base on the price screenshots above. - do you have referal program for the wallet so it will give you high earning's when you invite more friends participate
- you give 5m tokens daily why you give only 80 tokens per account? Why nit divide it right to claimers so all 5m tokens are able to claim daily
- what will happen to extra token's that no one claims?
That's a problem the airdrop is from another token not on their project. How many users use VITE wallet? You can check actual info in Play Market and App Store. |
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This airdrop works, I am collecting it already several days.
not worth of a time only 80pcs coin per day can be claim which is not even have the value of 0.1 base on the price screenshots above. - do you have referal program for the wallet so it will give you high earning's when you invite more friends participate
- you give 5m tokens daily why you give only 80 tokens per account? Why nit divide it right to claimers so all 5m tokens are able to claim daily
- what will happen to extra token's that no one claims?
Referring is is one way of mining. Check this article for details https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888All $BAN coins allocated for mining will be distributed. |
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Vitex Exchange listed BANANO few months ago already, and previously we did a BANANO airdrop to all Vite Wallet users. Due to the huge success and demand, and since Vitex meanwhile is one of the more liquid BANANO exchanges, we’re now doing a second airdrop round! Make sure to claim your share of 5 Million Banano every 24 hours! Instructions below! Now here’s how to claim your share of the 5 Million BANANO airdrop with the Vite wallet: For this second airdrop round, the BANANO team has provided a total of 5 Million BANANO for distribution amongst all users of the Vite Wallet app, which also can be used for trading at the Vitex Exchange. Here’s how you can claim your daily share of this airdrop, starting March 3rd, 2020, 9 AM UTC: Step 1: Download the Vite mobile wallet app (android or iOS) from https://app.vite.net/ or the Google Playstore or Apple App Store. Step 2: Create a wallet, and save the recovery phrase/private key! Step 3: In the wallet app, click on discovery (the little planet at the bottom of the screen):  Step 4: Click on the circle (? BAN) above ‘Hit to claim’:  Step 5: Complete the social tasks and familiarize yourself a little with BANANO. When you’re done, click on ‘Done with missions’. You’re all done! You will be able to claim a total of 88 BANANO every 24 hours until the cap of 5 Million BANANO is reached! Stay tuned for updates! Note: Some older phone models might not be supported. Generally, if you have technical issues please contact Vite directly for help. Also, it can take up to 24 hours after downloading the wallet app before you can start claiming the airdrop. |
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How many dividends they pay for holding VX right now? Price of VX has fallen for last few days...whats the reason?
Price is rising now and seems like we will have a good reward I wish it will be all the times. Don't have much to trade now but have a lot to hold Good for u bro, I don't have a lot of crypto and just wait now. You can trade and get profit anytime, that depends only on your skills Are you sure about it? So what can you advise? What tokens do you trade and how you get profit? Yes, Trading is Mining. But not all trading pairs are suitable for it. Pay attention to the Shovels icon near the pairs. |
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spot on, I am thinking the same thing as yours. could it be a coincidence? but the timing is too perfect. do not forget the price went up for 100% when the announcement happened.
the team needs to clear our doubt regarding this.
Do you know exact date of listing to Binance? The price is goin down again... But after listing Binance should have huge pum (this were almost with all coins which they listed before) vite listed on binance yesterday https://www.binance.com/en/support/articles/360037890251 you can not expect another pump after vite went up for 100% before the announcement, vite needs correction to stay healthy. Can you tell me any other exchanges where you are listed? Did you forget how to use website? You can find there all info and all exchanges What can you advise Binance or Okex? Help me please. Do I need to complete KYC ? ViteX have no KYC. Feel free) That's good, what is about devidend system for holding? Very simply, all fees collected on the ViteX are distributed among the holders of the VX (ViteX exchange coin) Good, thank you. So I can buy vitex coin and get divs, yep? Correct, you also need to Stake your VX coins, in order to get dividends. Min is 10 VX. |
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spot on, I am thinking the same thing as yours. could it be a coincidence? but the timing is too perfect. do not forget the price went up for 100% when the announcement happened.
the team needs to clear our doubt regarding this.
Do you know exact date of listing to Binance? The price is goin down again... But after listing Binance should have huge pum (this were almost with all coins which they listed before) vite listed on binance yesterday https://www.binance.com/en/support/articles/360037890251 you can not expect another pump after vite went up for 100% before the announcement, vite needs correction to stay healthy. Can you tell me any other exchanges where you are listed? Did you forget how to use website? You can find there all info and all exchanges What can you advise Binance or Okex? Help me please. Do I need to complete KYC ? ViteX have no KYC. Feel free) What is about security system? I thought it is not so safe to make exchange without verification or KYC reg Vite has a good security system check wp and policy to know about it Hmm, I check WP and I didn't find a lot about security. Where did you find info bro? Wonder how safe your assets are when depositing via Vite Labs gateway? The penetration test tells you they are ★★★★★ secure! https://medium.com/vitelabs/vite-labs-gateway-senior-penetration-test-report-9d6b55d967be |
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spot on, I am thinking the same thing as yours. could it be a coincidence? but the timing is too perfect. do not forget the price went up for 100% when the announcement happened.
the team needs to clear our doubt regarding this.
Do you know exact date of listing to Binance? The price is goin down again... But after listing Binance should have huge pum (this were almost with all coins which they listed before) vite listed on binance yesterday https://www.binance.com/en/support/articles/360037890251 you can not expect another pump after vite went up for 100% before the announcement, vite needs correction to stay healthy. Can you tell me any other exchanges where you are listed? Did you forget how to use website? You can find there all info and all exchanges What can you advise Binance or Okex? Help me please. Do I need to complete KYC ? ViteX have no KYC. Feel free) That's good, what is about devidend system for holding? Very simply, all fees collected on the ViteX are distributed among the holders of the VX (ViteX exchange coin) |
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How many dividends they pay for holding VX right now? Price of VX has fallen for last few days...whats the reason?
800 VX ~ 1 usd daily. Fall cause emission schedule say it. A lot of VX printed everyday till 08 March and then slowly decrease. Decrease will starts on 6th March. Are dividends decreasing too with new issued VX? Dividends are accumulated from the trading fees, no connection with the mining of VX. Rather, possibly the other way around, the mining of new coins will decrease, so the speed with which VX coins accumulate in Stake for Dividends will decrease. Naturally, if at the same time the accumulation from the fees will be the same as now or higher. You created a lot of useful tools, do you cooperate with any blockchain platforms? We have a lot of partnerships: Ferrum, Troy, Paytomat, Harmony, Ankr I heard about Ferrum and Troy but don't know anything about other companies. Did you make any posts about it? I will be glad to read about this partnership Please check our Medium page https://medium.com/vitelabs How was AMA today, where can I check it ? AMA started from here: https://t.me/vite_en/228062 |
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How much tokens have already been burned?
At this time, over 10 million VITE has been burned (10037120.26 VITE) and Current supply: 999806197 VITE ViteX develops more and more Vite burned  You can check here: https://vitex.net/Can you explain me for what reason you burn tokens? It helps Vite price or this is nessesary to bring new investments? Of course, I think you understand that the less coins in circulation, the higher the price of these coins How long will token burn be? As I check price is going up now, that's very good Burning is based on the collected fees in VITE trading pairs on the Vitex.net exchange |
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How many token per each participant
Distribution of XBG coins is completed. Stay tuned so you don't miss a new airdrop! |
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