[ANN][100% Mineable][No ICO][No Pre-mine]VX Coin - The native token of ViteX DEX

[ViteLabs]

VX: 100% Mineable, No ICO or Pre-Mine


Summary

VX is the native token of ViteX (a DAG-based decentralized exchange).
Users who hold VX enjoy dividends of transaction fees and listing fees collected by ViteX.
VX has no public sale nor private sale. Users only get VX through mining.

ViteX was launched on July 30, 2019!
Trade on ViteX: https://x.vite.net/

**VX mining will be available soon**



How to Mine VX

Trading is Mining

Whenever users execute a trade (i.e. take an order off the order book), they are rewarded with VX.
The amount of VX users receive is calculated based on the amount of trading fees they paid proportional
to the total amount of trading fees collected by ViteX on that day.


Staking is Mining

The Vite public chain requires quota to properly allocate is computing resources. Quota is obtained by staking VITE.
Whenever users stake VITE to help ViteX obtain the quota it requires to run, they receive VX. The amount of VX
is calculated based on the proportion of the amount of VITE staked by the user to the total amount of VITE staked that day.


Market-Making is Mining

Place orders to boost liquidity on ViteX and get rewarded with VX. The amount of VX depends on two factors:
1) the amount of time your order remains on the order book
2) the amount of deviation from the best bid and ask price in the order book spread.
The longer your order remains in the order book, the more VX you receive.
The less your order deviates from the best bid/offer, the more VX you receive.


Listing is Mining

List new trading pairs to mine VX. A user (“token issuer” or “operator”) that lists a new trading pair receives VX.
The token issuer’s reward is calculated as if he/she executed a trade involving a transaction fee of 1,000 VITE.
Note: For listing as mining, there is a cost of 10,000 VITE for each new token issued on the Vite chain.
50% of this fee (5,000 VITE) will be burned and the remainder will be added to the shared VX dividend pool.


Referring is Mining

Users can apply for referral codes to invite their friends to become traders on ViteX.
You can apply for a code by completing this form here. Referrals benefit both the inviter and the invitee.
For example, Alice sends Bob a referral code. When Bob signs up and starts trading on ViteX, he gets 10% off of all trading fees
(Base Transaction Fee + any applicable Zone Fees) on ViteX. Alice, on the other hand, benefits from Bob’s trading activity as
5% of Bob’s accumulated trading fees count for Alice’s accumulated trading fees.

For example, if Bob accrues $100 in trading fees and Alice accrues $200, Alice will effectively have $205
in accumulated trading fees (thus boosting the ratio of her trading fees to the total collected fees).

Benefits for VX Holders

In short: fees collected by the ViteX platform get distributed to VX holders

How dividends work

VX holders will receive dividends from a shared dividend pool, which is funded by the transaction and listing fees
collected by the ViteX platform. Dividends are slowly distributed at a daily rate of 1% so that VX holders will not only benefit
from a steady stream of transaction fees, but also, an ever-increasing shared pool.

Note: A minimum of 10 VX is required to receive dividends. By holding more than 10 VX, one may continuously
obtain dividends of daily trading and listing activities. Although VX is only earned through mining, VX will be tradeable on ViteX.

VX Reward Allocation





Trading, Referring, and Listing

60% of VX released daily will be distributed to traders who mine within this category.
There are currently four markets: BTC, ETH, VITE, and USDT.
Each market will account for 15% of the daily VX distribution.


Staking

20% of VX released daily will be distributed to users who mine within this category.


Market-Making

10% of VX released daily will be distributed to traders who create orders.


VX Distribution Schedule

The total supply of VX will be 100,000,000 with no inflation.





Two-Phase VX Release Model

After the official launch, there will be two VX release phases.

During the first phase (“buffer phase”), 10,000 VX will be released per day. This will last for 1–2 months.
Once we feel that enough users have joined in, the second phase will start.

During this phase, the release schedule will follow the model outlined below:

In the first year, the number of VX released will decrease by 0.5% every day.
477,032 VX will be released on day 1. According to this formula, 80.13% of total supply will be released in the first year.

In the second year, the number of VX released will decrease by 0.2% every day.
37,051 VX will be released on the last day of the second year.


Important Links

ViteX official website: https://vitex.net/
Trade on ViteX: https://x.vite.net/
Referral code application form: https://forms.gle/Bps8oR3q1FyEZG2FA

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[eli_lyd1]

ViteX 101: Update. Everything you need to know about ViteX and VX!

https://forum.vite.net/topic/2212/vitex-101-update-everything-you-need-to-know-about-vitex-and-vx

[roxroxy]

When will the VX start mining?

[ViteLabs]

When will the VX start mining?

VX Mining begins at the end of August. The specific date will be announced soon, kindly stay tuned.

[super bako]

When will the VX start mining?

VX Mining begins at the end of August. The specific date will be announced soon, kindly stay tuned.

good projecta friend, vite is already on the market that is very good like hotbit, cucoin, bitrex the price is also very fantastic, i think this will be successful and many support your projects sir...

[mandown]

i cant see algo

what is algo?

[roxroxy]

When will the VX start mining?

VX Mining begins at the end of August. The specific date will be announced soon, kindly stay tuned.

OK, Thank you. Will ViteX list more coins in the future?

[keseoma]

I remember there are many exchanges launched their "Trading Mining Coins" projects last year

the first one is Fcoin, but seems it's failed, the price of the coin is almost dumped to 0 cos the exchange has no enough money to share to those coin holders (miners) cos the scheme~
and the followers all failed since the scheme design is illogical.

Don't know if there any difference with Fcoin,

[cooltoadfrommoon]

So, what I observed that is, Vitex is actually a decentralized Exchange with his own token name VX.

[tex173]

What will be the total supply of VX token? How will they distributed?

[Whibu]

60% of the prize will be allocated for trading, raffering and listing as mining.  This will be very interesting, because this will make the traders race to get this big prize.

[NITER2018]

What will be the total supply of VX token? How will they distributed?

Total Supply is :  100,000,000 VX Token

They will distributed these token in 2 year's. 

[cooltoadfrommoon]

Vitex has started a new contest named "Vitex Deposit & Trading Contest" 

The Prize money is 200,000 VITE 

Read more about this here: https://medium.com/vitelabs/new-campaign-alert-vitex-deposit-trading-contest-42779fa92f4

[tuvic01]

Is there any app available for using ViteX exchange?

[cooltoadfrommoon]

Is there any app available for using ViteX exchange?

Yes, App for IOS is already available, for Android would be available soon.   

[domoy77]

Hay dev, I have experience participating in trading contests, coins will not be mentioned, first I have several coins after participating in the prize campaign, and this project is holding a trading contest, I started depositing with ETH to buy coins with the intention to have more coins,  but apparently after the competition ended, the coins dropped dramatically, I tried to hold the coins but who knows how long the coins will go up again, I ended up selling coins cheaply.
  My question: will vite coins drop dramatically after the trading contest ends?

[magisterr]

Is there any app available for using ViteX exchange?

Do you mean the mobile app for trading on exchange? There is only web exchange and mobile wallet for now. But hope they will make mobile app too soon.

How can I mine VX? Through a mobile wallet to enable stacking or it will have to be done through the exchange?

Mining VX still not abailable. I think it should be done through staking on exchange. Here is some description about VX

https://medium.com/vitelabs/vitex-101-decentralized-exchange-e03bec051956

[tex173]

Can I earn VX coin free?  

[NITER2018]

Can I earn VX token free?  

No, but referring a friend may give you some VX otherwise you can earn free Vite token by joining bounty here  https://bitcointalk.org/index.php?topic=5170304

[cooltoadfrommoon]

Vite has a telegram group for a particular region. Since I am from Bengali region I found this Official Telegram Group for Bengali people https://t.me/vite_bengali

[tex173]

Can someone give me a clear idea about transaction fees?

[DaMut]

Can I earn VX token free?  

Yes, you can earn free VX token by joining bounty here  https://bitcointalk.org/index.php?topic=5170304

As far as I know that is not VX token but instead, that is VITE native token. And about free VX token, yes you can get it by referring.

Referring is Mining

Users can apply for referral codes to invite their friends to become traders on ViteX.
You can apply for a code by completing this form here. Referrals benefit both the inviter and the invitee.
For example, Alice sends Bob a referral code. When Bob signs up and starts trading on ViteX, he gets 10% off of all trading fees
(Base Transaction Fee + any applicable Zone Fees) on ViteX. Alice, on the other hand, benefits from Bob’s trading activity as
5% of Bob’s accumulated trading fees count for Alice’s accumulated trading fees.

For example, if Bob accrues $100 in trading fees and Alice accrues $200, Alice will effectively have $205
in accumulated trading fees (thus boosting the ratio of her trading fees to the total collected fees).

that is the only way to get free VX token in my opinion.

[cooltoadfrommoon]

Can someone give me a clear idea about transaction fees?

For Vitex, the base transaction fee is 0.2 %, If you stake 10K Vite for 30days your transaction fee would be reduced to 0.1%.

[magisterr]

Can someone give me a clear idea about transaction fees?

For Vitex, the base transaction fee is 0.2 %, If you stake 10K Vite for 30days your transaction fee would be reduced to 0.1%.

There will be addittional fees by operators (up to 0.2%). And everyone can become operator and earn money on exchanges fees. Here is article where this explains:

https://medium.com/vitelabs/explained-token-issuers-vitex-operators-token-rights-345c24e8c67

[NITER2018]

I am thinking to hold VX, would that be profitable? 

[tex173]

I am thinking to hold VX, would that be profitable?  

VX holder would receive some partial amount from trading fees collected by VX Platform. To eligible for this, one must hold at least 10VX.

[Bitum]

The exchange has already started without problems and currently everything is going well. I have been involved in the project since the beginning and follow it. I like the project and the team

[magisterr]

I am thinking to hold VX, would that be profitable? 

When exchange will have big volume it should be profitable in future. VX holders will be able get dividends (from trading fees) in 4 currencies: VITE, BTC, ETH and USDT.

[cooltoadfrommoon]

I got this from the Twitter handle of Vitex. This was snapped after launching. Good Luck to ViteX Team.

[tex173]

I want to list my token on ViteX exchange, how to do it?

[NITER2018]

I want to list my token on ViteX exchange, how to do it?

Yap, there is a guideline of how to list your token on ViteX exchange, check this here https://forum.vite.net/topic/2282/guidelines-on-how-to-list-your-token-on-vitex

[tuvic01]

It's really challenging for Vitex to choose Decentralized exchange because there are so many people who still believe in a centralized exchange. I hope Vitex will take this as a challenge and bring a new revolution of decentralized exchange in the industry.

[tex173]

I want to list my token on ViteX exchange, how to do it?

Thanks, I really liked the idea of creating a forum. Users can learn about the new campaign, announcement and create a support thread as well, kudos to the team.

[cooltoadfrommoon]

They are the current operators If anyone wants to be an operator can apply this method https://forum.vite.net/topic/2283/guidelines-on-how-to-become-an-operator-on-vitex

[NITER2018]

Can I earn VX token free?  

Yes, you can earn free VX token by joining bounty here  https://bitcointalk.org/index.php?topic=5170304

As far as I know that is not VX token but instead, that is VITE native token. And about free VX token, yes you can get it by referring.

Referring is Mining

Users can apply for referral codes to invite their friends to become traders on ViteX.
You can apply for a code by completing this form here. Referrals benefit both the inviter and the invitee.
For example, Alice sends Bob a referral code. When Bob signs up and starts trading on ViteX, he gets 10% off of all trading fees
(Base Transaction Fee + any applicable Zone Fees) on ViteX. Alice, on the other hand, benefits from Bob’s trading activity as
5% of Bob’s accumulated trading fees count for Alice’s accumulated trading fees.

For example, if Bob accrues $100 in trading fees and Alice accrues $200, Alice will effectively have $205
in accumulated trading fees (thus boosting the ratio of her trading fees to the total collected fees).

that is the only way to get free VX token in my opinion.

Take a view at this thread to learn better https://bitcointalk.org/index.php?topic=5170304

[magisterr]

that is the only way to get free VX token in my opinion.

You can stake your VITE coins for getting VX tokens (when this will be available). Also, you can stake VITE right now (by voting for Supernode) and get free VITE

[Elsop]

How can I get ViteX token?

[Koobtcgal]

With the many ways to earn VX, is there a proper way to mine VX for the coins? If there is such, will CPU mining be available for those of us on laptops and not active miners?
There are many interesting things listed on your site which are yet to be done. I look forward for them as soon as possible.

[pantek talacuik]

How can I get ViteX token?

Maybe you can buy or contact the development team to buy the token or buy at the time the discount is given to investors who have participated in it. You can join the project telegram group to buy the token.

[magisterr]

With the many ways to earn VX, is there a proper way to mine VX for the coins? If there is such, will CPU mining be available for those of us on laptops and not active miners?
There are many interesting things listed on your site which are yet to be done. I look forward for them as soon as possible.

No, VX is the 2nd (exchange) token of Vite products.
There will be mining throght staking Vite coins, trading on ViteX exchange and listing new pairs to ViteX exchange.

You can read there about staking:
https://medium.com/vitelabs/vitex-101-update-489f6e49392

And there is some updates info:
https://medium.com/vitelabs/announcement-revised-vx-release-model-a480cbc07056

[sorrros]

Hi, I see that you are managing next bounty campaign! Thank you for that! But could you kindly tell us what is the expected value for 1 VX coin?

[FirEaSeA]

can anyone tell me where to look on how much VX is value as of the moment?

[PratCC]

Is this similar to catex?
or a dex?
What kind of blockchains do you support? Are ethereum tokens also supported?

[Burgerwich]

Hi, I see that you are managing next bounty campaign! Thank you for that! But could you kindly tell us what is the expected value for 1 VX coin?

There is no definitive answer here in this thread, how do you try to join this project telegram group to ask that question.

Do they have bounty?

[ADAM Alams]

Hi.  I'm trying to withdraw eth but I can't because it marks me "out of fee" What can I do?

[Bushadamfus]

What is the difference between vitex and BX?

[kelley87]

How can I start mining?

[Jeebshub]

How can I send referral code to my friend?

[Jeebshub]

How can I get ViteX token?

Maybe you can buy or contact the development team to buy the token or buy at the time the discount is given to investors who have participated in it. You can join the project telegram group to buy the token.

Thanks for your help.

[Batalo]

What is the current price of vx?

[DaMut]

What is the current price of vx?

Based on my knowledge, VX coin has not launched its genesis block yet. Which means, nobody is holding it and it also means it has no price.
the team said, VX will launch its genesis block this month. But there is no exact date yet because they need to re-organize the miners.
if you need more information about this coin, you can go here: https://medium.com/vitelabs/announcement-revised-vx-release-model-a480cbc07056

[Alex1326]

I really liked their project.I am going to start mine.

[Elsop]

VX: 100% Mineable, No ICO or Pre-Mine


Summary

VX is the native token of ViteX (a DAG-based decentralized exchange).
Users who hold VX enjoy dividends of transaction fees and listing fees collected by ViteX.
VX has no public sale nor private sale. Users only get VX through mining.

ViteX was launched on July 30, 2019!
Trade on ViteX: https://x.vite.net/

**VX mining will be available soon**



How to Mine VX

Trading is Mining

Whenever users execute a trade (i.e. take an order off the order book), they are rewarded with VX.
The amount of VX users receive is calculated based on the amount of trading fees they paid proportional
to the total amount of trading fees collected by ViteX on that day.


Staking is Mining

The Vite public chain requires quota to properly allocate is computing resources. Quota is obtained by staking VITE.
Whenever users stake VITE to help ViteX obtain the quota it requires to run, they receive VX. The amount of VX
is calculated based on the proportion of the amount of VITE staked by the user to the total amount of VITE staked that day.


Market-Making is Mining

Place orders to boost liquidity on ViteX and get rewarded with VX. The amount of VX depends on two factors:
1) the amount of time your order remains on the order book
2) the amount of deviation from the best bid and ask price in the order book spread.
The longer your order remains in the order book, the more VX you receive.
The less your order deviates from the best bid/offer, the more VX you receive.


Listing is Mining

List new trading pairs to mine VX. A user (“token issuer” or “operator”) that lists a new trading pair receives VX.
The token issuer’s reward is calculated as if he/she executed a trade involving a transaction fee of 1,000 VITE.
Note: For listing as mining, there is a cost of 10,000 VITE for each new token issued on the Vite chain.
50% of this fee (5,000 VITE) will be burned and the remainder will be added to the shared VX dividend pool.


Referring is Mining

Users can apply for referral codes to invite their friends to become traders on ViteX.
You can apply for a code by completing this form here. Referrals benefit both the inviter and the invitee.
For example, Alice sends Bob a referral code. When Bob signs up and starts trading on ViteX, he gets 10% off of all trading fees
(Base Transaction Fee + any applicable Zone Fees) on ViteX. Alice, on the other hand, benefits from Bob’s trading activity as
5% of Bob’s accumulated trading fees count for Alice’s accumulated trading fees.

For example, if Bob accrues $100 in trading fees and Alice accrues $200, Alice will effectively have $205
in accumulated trading fees (thus boosting the ratio of her trading fees to the total collected fees).

Benefits for VX Holders

In short: fees collected by the ViteX platform get distributed to VX holders

How dividends work

VX holders will receive dividends from a shared dividend pool, which is funded by the transaction and listing fees
collected by the ViteX platform. Dividends are slowly distributed at a daily rate of 1% so that VX holders will not only benefit
from a steady stream of transaction fees, but also, an ever-increasing shared pool.

Note: A minimum of 10 VX is required to receive dividends. By holding more than 10 VX, one may continuously
obtain dividends of daily trading and listing activities. Although VX is only earned through mining, VX will be tradeable on ViteX.

VX Reward Allocation





Trading, Referring, and Listing

60% of VX released daily will be distributed to traders who mine within this category.
There are currently four markets: BTC, ETH, VITE, and USDT.
Each market will account for 15% of the daily VX distribution.


Staking

20% of VX released daily will be distributed to users who mine within this category.


Market-Making

10% of VX released daily will be distributed to traders who create orders.


VX Distribution Schedule

The total supply of VX will be 100,000,000 with no inflation.





Two-Phase VX Release Model

After the official launch, there will be two VX release phases.

During the first phase (“buffer phase”), 10,000 VX will be released per day. This will last for 1–2 months.
Once we feel that enough users have joined in, the second phase will start.

During this phase, the release schedule will follow the model outlined below:

In the first year, the number of VX released will decrease by 0.5% every day.
477,032 VX will be released on day 1. According to this formula, 80.13% of total supply will be released in the first year.

In the second year, the number of VX released will decrease by 0.2% every day.
37,051 VX will be released on the last day of the second year.


Important Links

ViteX official website: https://vitex.net/
Trade on ViteX: https://x.vite.net/
Referral code application form: https://forms.gle/Bps8oR3q1FyEZG2FA

When you are going to launch?

[Zuilex Burdman]

VX coin is a new concept in the sector of cryptocurrency that has put huge potential upon us.

[Butern Butler]

Hi, I see that you are managing next bounty campaign! Thank you for that! But could you kindly tell us what is the expected value for 1 VX coin?

There is no definitive answer here in this thread, how do you try to join this project telegram group to ask that question.

Do they have bounty?

I also don't really know about this project because there is not much response from the team here in my opinion. I only gave advice to try to join their telegram group.

yes.They don't reply here so often.I just joined their group.Thanks for recommendation.

[Popeyes032]

Is it too cost to mine VX?Is there anyone who mined vx?

[One Piece or One Punch]

Can I earn VX coin free?  

It depands how do you define 'FREE'.
VX can only be acquired by mining. It's free to do the mining. However, there is a cost of mining.

[Cryptoenthusbusa]

IS there anyone who already started mining VX?

[Cryptoenthusbusa]

With the many ways to earn VX, is there a proper way to mine VX for the coins? If there is such, will CPU mining be available for those of us on laptops and not active miners?
There are many interesting things listed on your site which are yet to be done. I look forward for them as soon as possible.

No, VX is the 2nd (exchange) token of Vite products.
There will be mining throght staking Vite coins, trading on ViteX exchange and listing new pairs to ViteX exchange.

You can read there about staking:
https://medium.com/vitelabs/vitex-101-update-489f6e49392

And there is some updates info:
https://medium.com/vitelabs/announcement-revised-vx-release-model-a480cbc07056

Thanks for share with us.

[Elsop]

Can I earn VX coin free?  

It depands how do you define 'FREE'.
VX can only be acquired by mining. It's free to do the mining. However, there is a cost of mining.

Did you start mining? Can I ask you a question?

[BTTlobverss]

When vx going to launch?

[Elsop]

When vx going to launch?

I want to know also. Waiting for reply.

[DaMut]

When vx going to launch?

I want to know also. Waiting for reply.

VX native token will be launched in September, this month. but the exact date has yet to be announced, because they need miners to mine it and collecting the coin first.
before the distribution begins. You can get its latest information by joining their telegram channel https://t.me/vitexexchange

[Trup Tin CRP]

When vx going to launch?

I want to know also. Waiting for reply.

VX native token will be launched in September, this month. but the exact date has yet to be announced, because they need miners to mine it and collecting the coin first.
before the distribution begins. You can get its latest information by joining their telegram channel https[Suspicious link removed]xchange

Thanks.So If I start mining now.When I will receive the vX token?

[Vienure]

I just got reply from them.They  will post more information soon.

[Elsop]

I just got reply from them.They  will post more information soon.

From telegram?

[Elsop]

When vx going to launch?

I want to know also. Waiting for reply.

Just joined their telegram group. In their group, they are very active.

[Rudibert]

You can learn more here :
Articles:
https://medium.com/vitelabs/vitex-economic-model-vote-round-3-59a05a665897
https://medium.com/vitelabs/vitex-101-decentralized-exchange-e03bec051956
https://medium.com/vitelabs/vitex-101-update-489f6e49392
https://medium.com/vitelabs/announcement-revised-vx-release-model-a480cbc07056

[Rudibert]

You can learn more here :
Articles:
https://medium.com/vitelabs/vitex-economic-model-vote-round-3-59a05a665897
https://medium.com/vitelabs/vitex-101-decentralized-exchange-e03bec051956
https://medium.com/vitelabs/vitex-101-update-489f6e49392
https://medium.com/vitelabs/announcement-revised-vx-release-model-a480cbc07056

Thanks for share,

You'r most welcome.

[fukajiyus.sa]

It is very essential to have a trust worthy mining platform that will serve people across the world.

[fukajiyus.sa]

Is it too cost to mine VX?Is there anyone who mined vx?

I think they didn't launch yet.

[ADAM Alams]

When vx going to list in exchange?

[lind82]

Honestly, vx coin has good potential.I will start mine soon.

[acepro]

When vx going to list in exchange?

in my opinion immediately and also surely they will do a list on their exchange (x.vite) maybe while waiting. You can monitor on their telegram channel or telegram group.

[H1N1]

I read that we can mining VX coin with VITE coin, can i mine VX coin for now ?
If it has not starting, do you have any date on planning to launch the VX mining with VITE coin ?

[Sri rahayu]

I read that we can mining VX coin with VITE coin, can i mine VX coin for now ?
If it has not starting, do you have any date on planning to launch the VX mining with VITE coin ?

Hello, I think this article can answer your question

We are thrilled to announce that VX mining will officially begin at 12:00 (UTC+8) on September 9th. Save the date and join us!
more details please visit https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

If unclear, the team will answer your question in more detail https://t.me/vite_en

[iphone5s]

I read that we can mining VX coin with VITE coin, can i mine VX coin for now ?
If it has not starting, do you have any date on planning to launch the VX mining with VITE coin ?

Hello, I think this article can answer your question

We are thrilled to announce that VX mining will officially begin at 12:00 (UTC+8) on September 9th. Save the date and join us!
more details please visit https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

If unclear, the team will answer your question in more detail https://t.me/vite_en

You are very helpful with the questions asked above. I also almost thought of the same question and you have answered with clear details. Thank you for the info you provided.

[bittraffic]

There seem to have a volume I see in the market, this is could go on and work.  How much is the value of VX right now in the market? I looks like guest are not welcome to see the price of VITE and VX. This is DEX, please tell us that there is no need for KYC from traders. Registering is a pain already.

[DaMut]

There seem to have a volume I see in the market, this is could go on and work.  How much is the value of VX right now in the market? I looks like guest are not welcome to see the price of VITE and VX. This is DEX, please tell us that there is no need for KYC from traders. Registering is a pain already.

You do not need to do any KYC here, but you need a phone to create the wallet. Currently, they only allow you to create the wallet from the phone and after creating the wallet you need to connect it to the exchange. Yes, you are able to see the price without connecting the wallet because I can see it too.
go here https://x.vite.net/trade?symbol=VX_VITE&category=VITE to check VX price.
Vx current price is around 54 Vite/Vx

[Mike Mayor]

Why is the stake rate so bad??? 1000Vite to stake 0.01VX??? That is ridiculous. How long is that counting the stake for? A day? That is so low you may as well not have it.  So 1/2000 each day?
Or 0.05% daily.

I read that we can mining VX coin with VITE coin, can i mine VX coin for now ?
If it has not starting, do you have any date on planning to launch the VX mining with VITE coin ?

It is staking really not mining. Yes, it is a way to mine but essentially it is staking.

[DaMut]

There is no news regarding the next mining phase? what happened?
two months has passed but nobody is updating the news here, it would be better for the team lock this than leaving it like this.

[DaMut]

If you are holding VX Coin right now, you should participate in the voting of mining curve phase.
It determines the total coin will be mined in the following time, the more coin will be generated in the future the lower the price will be.
read the release curve detail and make your vote here https://medium.com/vitelabs/vote-of-vx-release-curve-7fc9ed304590

[gembira]

They have a good news about burning Vite from trading fees. But I can't understand why they decreased VX rewards for holding Vite? This was just 15% and now only 10% 

[eli_lyd1]

They have a good news about burning Vite from trading fees. But I can't understand why they decreased VX rewards for holding Vite? This was just 15% and now only 10% 

Because the value of VX is from Dividend Fund. So we want people to do more trading or to do market make. The staking as mining will decrease to 10%, market make as mining will increase to 15%, trading as mining will increase to 65%.

[eli_lyd1]

There is no news regarding the next mining phase? what happened?
two months has passed but nobody is updating the news here, it would be better for the team lock this than leaving it like this.

We are currently working on next dex upgrade. Next DEX version will start the next mining phase. I can't actually confirm a time of release. Maybe on the end of 2019.

[eli_lyd1]

Why is the stake rate so bad??? 1000Vite to stake 0.01VX??? That is ridiculous. How long is that counting the stake for? A day? That is so low you may as well not have it.  So 1/2000 each day?
Or 0.05% daily.

I read that we can mining VX coin with VITE coin, can i mine VX coin for now ?
If it has not starting, do you have any date on planning to launch the VX mining with VITE coin ?

It is staking really not mining. Yes, it is a way to mine but essentially it is staking.

Because so many people are staking for vx.

[DaMut]

There is no news regarding the next mining phase? what happened?
two months has passed but nobody is updating the news here, it would be better for the team lock this than leaving it like this.

We are currently working on next dex upgrade. Next DEX version will start the next mining phase. I can't actually confirm a time of release. Maybe on the end of 2019.

Well, that is quite far ahead. Can you tell me the exact Vitex total coin in circulation right now?
From the website, I found Total Mined Vx = 520000 Vx. Is this our total coin in circulation right now? because I heard there was a mining phase before it launched.
and keep updating this thread, do not abandon it because it will bring visibility to the project.

[ViteLabs]

There is no news regarding the next mining phase? what happened?
two months has passed but nobody is updating the news here, it would be better for the team lock this than leaving it like this.

We are currently working on next dex upgrade. Next DEX version will start the next mining phase. I can't actually confirm a time of release. Maybe on the end of 2019.

Well, that is quite far ahead. Can you tell me the exact Vitex total coin in circulation right now?
From the website, I found Total Mined Vx = 520000 Vx. Is this our total coin in circulation right now? because I heard there was a mining phase before it launched.
and keep updating this thread, do not abandon it because it will bring visibility to the project.

Hello, we have't got any pre-mining. VX mining was started on September 9. And yes, we'll definitely going to update this topic, thanks!

[eli_lyd1]

There is no news regarding the next mining phase? what happened?
two months has passed but nobody is updating the news here, it would be better for the team lock this than leaving it like this.

We are currently working on next dex upgrade. Next DEX version will start the next mining phase. I can't actually confirm a time of release. Maybe on the end of 2019.

Well, that is quite far ahead. Can you tell me the exact Vitex total coin in circulation right now?
From the website, I found Total Mined Vx = 520000 Vx. Is this our total coin in circulation right now? because I heard there was a mining phase before it launched.
and keep updating this thread, do not abandon it because it will bring visibility to the project.

The total coin in circulation is shown on vitex.net. The data is right.

-- "I heard there was a mining phase before it launched"

  All vx is no pre-mine.

We will keep updating on this thread.

[DaMut]

a major upgrade will happen on december 6 https://medium.com/vitelabs/70-million-vx-and-4-million-vite-will-be-burned-with-important-upgrade-for-vitex-9c766d5a3de
the second phase will happen after the hardfork and the team says it is very likely for it to happen this month.

[ViteLabs]

Support us in the vote on the Binance listing

https://twitter.com/binance/status/1202555106090110977

[Fechista]

Deposit of some Grin are not possible, any fix?

"Something went wrong with gateway node, please check your network settings"

Beam deposit are done.

[john1010]

Is this coin is available now to mine? The OP said one of his post that it could be available on August, It's December today and I haven't see any update about how to mine this coin also the algorithm, I didn't see also some mining operator that has been post their offers.

[DaMut]

Is this coin is available now to mine? The OP said one of his post that it could be available on August, It's December today and I haven't see any update about how to mine this coin also the algorithm, I didn't see also some mining operator that has been post their offers.

the definition of mining here is not the same as bitcoin. in here staking, referring, listing, trading is mining.
vx coin can be produced only by those mining methods, you can not mine it using hardware. the team is very active in their group, go there if you want to get the answer to your question.

[NRZ]

⚠️ Hello community! If someone does not know about the possibility of getting a lifetime discount -10% and an additional multiplier for mining VX! Take it now. ✅
ViteX invitation code: 858874466

[bittraffic]

⚠️ Hello community! If someone does not know about the possibility of getting a lifetime discount -10% and an additional multiplier for mining VX! Take it now. ✅
ViteX invitation code: 858874466

I just got into the exchange I was trying to login, it's very slow.

The exchange's referral system is also complicated that an invitation code has to be created. But in all fairness, the exchange has a considerable amount of volume. This has got to be one of the dex that has a great potential one day.

[Kopiev]

Since June 23, the XGM / BTC trading pair has been added for mining when using the Marketing specified by the VGATE operator
https://forum.vite.net/topic/3956/ann-trading-pair-xgm-btc-enabled-with-market-making-as-mining

[target]

An update for this project is that $VDAO Tokens are to be airdropped to $VITE holders (1:1 ratio).

In a strategic move to amplify community engagement within the Vite ecosystem projects. Vite DAO unveils a transformative proposal introducing the $VDAO token.
Acknowledging the challenges faced in securing substantial support for proposals, this initiative aims to overcome these hurdles by distributing the VDAO token through a 1:1 airdrop ratio to existing VITE holders.

Learn more about what the VDAO can do and what it can achieve for the project.
Read more https://medium.com/vitelabs/vite-dao-proposal-for-vdao-token-airdrop-6da5bf905ed7