VX Coin | ViteX - Powered by Vite

[fonzie_vite]

Hi guys,

Wanted to introduce you to the ViteX exchange coin, VX. It is a no pre-mine coin that is currently being mined (in a sense) on the exchange. I believe Vite is one of the most exciting projects out there and ViteX is a dex with a bright future.



Some facts about $VX:

100 Million supply

No pre-mine

Holders get daily dividends from a shared pool which aggregates both trading and listing fees accumulated by #ViteX


VX mining daily breakdown:

60% for Trading, Referring and Listing (15% each for $BTC, $ETH, $VITE and $USDT Markets)

20% for Staking

10% for Market-Making

10% for Vite Labs Team


Trading as Mining:

Has the most allocation at 60%. Trading activity will contribute the biggest portion to daily VX mining.

Eligible pairs: grin/btc, eth/btc, vite/btc, vite/eth, grin/eth, grin/vite, eth/usdt, btc/usdt and vite/usdt

Each market receives 15% equally.


Referring as Mining:

Invite traders using your referral code. Invitees enjoy a 10% discount on trading fees on #ViteX. 5% of an invitee’s trading fees count toward the inviter’s “trading as mining” reward calculation. $vx


Listing as Mining:

An issuer must pay 10K $VITE to open a trading pair on ViteX. 5K VITE is burned and the other 5K VITE goes into the shared dividend pool.

The token issuer’s $VX reward is then calculated as if they executed a trade involving a transaction fee of 1K VITE.


Staking as Mining:

20% of all $VX released daily is reserved for users who stake their $vite


Market-Making as Mining:

10% of $VX released daily is reserved for each market — $BTC, $ETH, $VITE and $USDT — each weighted equally at 2.5%.


Detailed information about VX Mining: https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

[DaMut]

Based on the articles that I saw before, VX coin will be used as a tool to determine the dividend right? can you tell me the detail of the dividend itself and how much we will get?
or do you have a tool to calculate the dividend that I will get if I am holding a certain number of VX?
I am quite interested in it but I do not know where should I start, there are so many articles to read if I want to start it from the beginning.

[fonzie_vite]

Based on the articles that I saw before, VX coin will be used as a tool to determine the dividend right? can you tell me the detail of the dividend itself and how much we will get?
or do you have a tool to calculate the dividend that I will get if I am holding a certain number of VX?
I am quite interested in it but I do not know where should I start, there are so many articles to read if I want to start it from the beginning.

Yes. VX holders get daily dividend which consists of both trading and listing fees accumulated by the exchange.

The actual dividend is released at the rate of 1% of the daily total dividend. So you can expect to receive your day 1 dividend in full by day 100 and so on.

There is no calculator for dividend since it will totally depend on the activity on the exchange for that particular day. You can visit ViteX.net and see the mining dashboard on the homepage which will give you some idea of what to expect.


I think the most relevant articles that you can read about VX mining are these:

https://medium.com/vitelabs/vitex-economic-model-round-2-vote-results-9ee6dddcf422

https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

[DaMut]

Based on the articles that I saw before, VX coin will be used as a tool to determine the dividend right? can you tell me the detail of the dividend itself and how much we will get?
or do you have a tool to calculate the dividend that I will get if I am holding a certain number of VX?
I am quite interested in it but I do not know where should I start, there are so many articles to read if I want to start it from the beginning.

Yes. VX holders get daily dividend which consists of both trading and listing fees accumulated by the exchange.

The actual dividend is released at the rate of 1% of the daily total dividend. So you can expect to receive your day 1 dividend in full by day 100 and so on.

There is no calculator for dividend since it will totally depend on the activity on the exchange for that particular day. You can visit ViteX.net and see the mining dashboard on the homepage which will give you some idea of what to expect.


I think the most relevant articles that you can read about VX mining are these:

https://medium.com/vitelabs/vitex-economic-model-round-2-vote-results-9ee6dddcf422

https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

Thank you for sharing it, I have read that.
But why do not you create a tool to help the holders calculating the dividend? yes, I know the total is based on daily trading and listing. But it does not mean you can not create a raw data based on its previous total, right? with that, the holders can roughly understand how much they will get in the future in holding a certain number of vx.
I know we check our total dividend here https://x.vite.net/tradeDividend but we need to have the coin first before getting the answer.

[target]

I'm not sure if this is overly hyped project but they are making a noise in the forum. But probably because a team member is also from a big project.
What is the purpose of the Vitex coin while you also have the VX coin, there are two coins already for this exchange. What plans do they have for this exchange to have real volume?

[eli_lyd1]

I'm not sure if this is overly hyped project but they are making a noise in the forum. But probably because a team member is also from a big project.
What is the purpose of the Vitex coin while you also have the VX coin, there are two coins already for this exchange. What plans do they have for this exchange to have real volume?

There are only one coin named: ViteX coin, also named VX. I think what you are talking is the same coin.

[target]

I'm not sure if this is overly hyped project but they are making a noise in the forum. But probably because a team member is also from a big project.
What is the purpose of the Vitex coin while you also have the VX coin, there are two coins already for this exchange. What plans do they have for this exchange to have real volume?

There are only one coin named: ViteX coin, also named VX. I think what you are talking is the same coin.

I'm sorry. I did searched it again and found out its VITE token and another VX coin. That's two. I found out here - https://bitcointalk.org/index.php?topic=5170304.0
which they distribute VITE tokens to bounty hunters and then they also have the native coin which is the VX as said here in this thread.

Are they two different projects or two different coins for one exchange project?

[DaMut]

There are only one coin named: ViteX coin, also named VX. I think what you are talking is the same coin.

I'm sorry. I did searched it again and found out its VITE token and another VX coin. That's two. I found out here - https://bitcointalk.org/index.php?topic=5170304.0
which they distribute VITE tokens to bounty hunters and then they also have the native coin which is the VX as said here in this thread.

Are they two different projects or two different coins for one exchange project?

They are two different coins for one exchange, ViteX coin or VX coin is used for dividends on the exchange while Vite coin is used for empowering the exchange such as coin listing fee and can be used for voting to generate a new Vite coin or staking to generate a new VX coin.