ViteX Made Me 1 BTC (70% ROI) in 4 Months!

[roxroxy]

In crypto, there are still adequate and honest methods of earning. This exchange was created by a team that builds its ecosystem, their main coin has been recently listed on Binance. Firstly, I want to immediately emphasize that the opportunity which I will write below is not a pyramid, hype or something like that. All profits are objective and justified. I recommend that you familiarize yourself with the Vite and ViteX, and then go on to my story.

Basic links and info:
http://vite.org
https://vitex.net
https://vite.wiki/introduction/
https://explorer.vite.net
https://medium.com/vitelabs/vitex-101-update-489f6e49392
https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

ViteX is a decentralized exchange created by Vite Labs on its Vite-chain. You can view ViteX info on either CMC and CoinGecko. Also you can find VITE there, it is a coin of the whole ecosystem. There are a series of products developed by the team and various ways to make profits, but this article will focus on the DEX ViteX and its mining functions, that’s how I made money!



My acquaintance with ViteX began in the October of 2019. It is a young exchange that’s launched less than a year ago. Now I have over 38,000 VX (still growing) and received 1.09 BTC in dividends so far, that’s about 70% return on investment in less than 5 months and my annualized return is expected to be over 130%. It used to have only 18 BTC in its dividend pool, now this number has grown to 36 BTC.

I won’t say my exact investment but it’s probably lower than you think. To get to where I am today, I took several steps:

#1. Got a referral code (costed 1K VITE) and invited 7 address (mostly mine). Both the main account and the invited accounts will be rewarded with extra VX when the associated accounts trade or market-make. Good to have friends right?



#2. Trade mining eligible pairs.
It’s as simple. Make sure you use a referral code since besides rewarding extra VX it also lowers your trading fee. In addition to my mining proceeds, I also bought VX at times. But I stopped adding direct investment when I had about 20,000 VX and only continues to buy VX with my dividends. There will be surprises for you if you look up current VX price.

#3. Market-make.
I have been playing around this function for some time now, but arrived at a better understanding only recently. I can mine about 2,000 VX each day if I really put in my time and effort, but I’m happy with my proceeds even with less attention.



ViteX has both a web-end exchange ( x.vite.net ) and a wallet + exchange 2-in-1 APP ( app.vite.net ). The APP is a little more complicated to use than the web exchange as it has also a wallet function, but I found both helpful and smooth to operate and they make a good complement for each other.

When you login to the exchange, you will see a notice saying that it doesn’t serve users in many countries. But ViteX requires no KYC so no personal information will be exposed, don’t get scared off by the regional notice. Do know that you will start receiving dividends only when you stake more than 10 VX though.





CHEERS!

[Bonwin]

Congratulations. It's good to see that your investment on ViteX paid you in a good way and you could be confident to share it with others. However, io would like to ask, since you said you referred yourself, using your main account. Is that not against the rule of the exchange?
Also, considering the fact that you referred yourself, were those other accounts also used in mining or you only used your main account.

Lastly, it would have been good if you can just tell us how much you invested, so that we will not be kept in the dark.

I am happy for you.

[roxroxy]

Congratulations. It's good to see that your investment on ViteX paid you in a good way and you could be confident to share it with others. However, io would like to ask, since you said you referred yourself, using your main account. Is that not against the rule of the exchange?
Also, considering the fact that you referred yourself, were those other accounts also used in mining or you only used your main account.

Lastly, it would have been good if you can just tell us how much you invested, so that we will not be kept in the dark.

I am happy for you.

Thanks for kind words.

Ofc referring yourself is not against the rule, in fact its encouraged to do so. And you should be using your referred accounts to trade and market-make so that both your main account and your other accounts will receive extra rewards and reduced trading fee. Look up the rules and details of referring as mining, you will understand:)
In terms of my investment, its hard to determine as I’m an early user of ViteX and supporter of VITE (there is a VX/VITE trading pair), price of VX also fluctuated. But my total investment is somewhere around 0.7 BTC. Actually you can have a lot more VX than I do if you invest the same amount now at the current price.

Good luck.

[Kopiev]

ViteX Releases Announcement to Launch Second Round of Tenfold Mining Rewards for VX Token Trading Pairs

https://vitex.zendesk.com/hc/en-001/articles/360059145433-Announcement-Market-making-as-mining-10x-reward-for-VX-trading-pairs-Round-2-

[Scripture]

That’s a good profit and congrats to you for earning that much by just investing small money.
I still need to do some research if this project is really good, or its too late already to buy since the price has gone crazy, we’ll see and I hope to find a good one like this when it comes to investing.