How I made 1 BTC in 4 mth on ViteX

[roxroxy]

Hi folks!
Before I get started, let me tell you in a nutshell what a ViteX DEX is....

ViteX is a decentralized exchange developed on the top of VITE public chain, which not only its technology is decentralized, but also its ownership, operation and income right. The income right is counted by VX, and all income happened on ViteX will be allocated to VX holders.
ViteX is a decentralized exchange of community, for community and by community and also the first decentralized exchange on the top of DAG.

ViteX website: https://vitex.net
Vite website: https://vite.org

Also mobile versions of ViteX is available in the Vite Wallet. You can search it in Play Market and App Store.

Before I get started, I want to mention several things:

• I didnt purchase all my VX in one day, I managed to invest in both Vite and VX over a long period of time. You can though, ofc, and its not a bad deal as I see it. The return I calculated in my last post did take into account VX price variations. As of today my returns has further gone up by quite a bit since BTC ETH price went up, which is why I like ViteX, a DEX that gives you dividends. Im literally making money when I sleep, who doesn’t like that?
• Purchasing VX directly from the market is definitely the easier way to start earning dividends (which is what I've been doing lately with my daily dividends since im comfortable with the amount of VX I own). If you’re tight in funds or really motivated, however, try mining by yourself since at most times, the cost of mining a VX through trading is lower than purchasing from the market.

• Purchasing VX directly from the market is definitely the easier way to start earning dividends (which is what I've been doing lately with my daily dividends since im comfortable with the amount of VX I own). If you’re tight in funds or really motivated, however, try mining by yourself since at most times, the cost of mining a VX through trading is lower than purchasing from the market.
• Market-making as mining, as they call it, doesn’t cost you anything but requires your attention so your mm orders don’t end up actually being executed.
• I would suggest you to have at least several different assets in ViteX for either mining methods, which will make the process more efficient.
• Make sure to DYOR and read the basic rules before start mining. They have pairs that may either eligible for trading mining, mm mining or both. You will be able to tell the differences by looking at the mining icon.
• There have been questions on referral codes, I’ve covered most about it in my last post. You should try to find answers to questions such as how to make and use a referral code on your own..... But since I’m writing this, might as well share these link with you all:
  Referral code: https://forum.vite.net/topic/3884/how-to-acquire-or-use-a-referral-code
  Mining guide: https://forum.vite.net/topic/3708/beginner-s-guide-to-vitex-mining
  General Info: https://forum.vite.net/category/95/user-guides-tutorials
• I’m sharing these because I believe a project is able to live and succeed only when everyone from the community can benefit from it and support it. ViteX has won me, and I hope it can do the same for you all too.

Going into my strategies, there are two parts to it.

With trading mining, the key is to compare VX mining cost to its current market price as time getting close to 12pm (when VX are released everyday). On ViteX website, the mining dashboard tells you the real-time expected mining cost . If cost of mining a VX is lower, start trading. This is why its better to hold different assets. If market price is lower, you are probably better off just buying it from the market.



With market making mining, the key is to place large orders as close as possible to the best sell/buy order in the order book and spread out your orders as much as they are within the mining range. According to official rules, “The VX mining reward for market-making has a linear relationship with the order amount and order duration (i.e. amount of time the pending order stays on the order book). However, the mining reward has an exponential relationship with the order distance (i.e. the deviation from the best bid offer)”.



This graph is just a simple demonstration of how I mine through MM. So, if the order book is empty, fill it up; if there is no sell or buy order close to your orders, make one. Ofc in reality I place larger orders and seize more market shares. Bottom line, mark your presence. Make sure you follow closely on changes in the market so your orders don’t get eaten up.

And a last tip, always check for special mm mining events. ViteX has, from time to time, weekly extra rewards for market making specific trading pairs, usually of newly listed assets.

That’s about it for now. As always, I’m open to messages and discussions. Reply, if you got questions or insights to share with me.

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[shinratensei_]

I know about this dex and this is a good exchange site and i have ever tried to use it but others will have the different story than you dude. The fact that if when you are winning the game and there must be others who are losing their money.

At least i know what vite and i personally say if the dex that created by vite is very responsive.

[Dpat]

Here you have mentioned here that you have made 1 BTC just in 4 months from the Vitex exchange which is a complete decentralized and the investors are the real owner of this exchange who have VX coin in their wallet. They are receiving the divided from the profit made by this exchange. But the real thing is how much VX that you had in your account that gave you this much of earning and another thing is that how you earned the VX coin? So, explain about this briefly.

[Bitstar_coin]

I think the question is how long have you been in this investment and how much have you invested for your returns to sum up to that amount? The way the op make it sound like it is something he did within 4 months (if that's the case then I guess you really achieve in a short period)
Although I don't know much about this project but it is still very important to apply caution, we have seen many projects that will pay in first few months to attract more customers but immediately certain numbers of users have inject enough money, changes will unfold suddenly.

[pakhitheboss]

I had participated in their bounty last year and did earn some tokens from it, which I did not sell at that time and kept it on the exchange. I haven't checked it yet but I think it might be worth something now. It is a good dex exchange with very good support.

[CuriousGeorge]

I had participated in their bounty last year and did earn some tokens from it, which I did not sell at that time and kept it on the exchange. I haven't checked it yet but I think it might be worth something now. It is a good dex exchange with very good support.

it seems like a lot of campaign events carried out by this project. good for increasing trade in their exchanges. Try to see how many coins you are now getting. maybe now it's valuable or it has decreased.

VX campaign has really small allocations and it's only running for two weeks and no more. I think that the participants of vx campaign earned less compared with vite signature campaign. Both are different campaign

[Kotone]

Nice strategy but this is a huge venture. I know Vite since then and I like their platfoem. How much is your base investment on this project? I think 1btc is a pretty big gain already. How many markets does Vitex listed? Suddenly I got inspired by your post and earning.

Not all altcoin have potentials in the market and seeing a good gains from an altcoin is incredible. 4months of investment with 1btc gain is a high achievement already.

[justdimin]

You got another "exact"' similar topic : https://bitcointalk.org/index.php?topic=5233472.
Archived.

On both the scenario that you had made 1 BTC and in same exact time frame. Or you are talking about the same incident but on different topics? How many topics we may expect for your affiliated company?

The level of information and the links on multiple occasions made me to assume that you may NOT an end user/customer of the services you are talking about, but you must be a shill of the them and trying to lure innocent people from this community with multiple same information based topics.

It is confirmed that you are affiliated with vite.org (one of above mentioned services) by this post and you keep recommending your affiliated things everywhere by hiding among other projects and and this topic must a good example for that.

OP must be a SHILL. This topic must be a POTENTIAL SCAM ATTEMPT.
Do your own due diligence before taking any financial  decision based on OP.

[monero.org]

Enough to say OP is a shill account. But it doesn't look like its a scam exchange. At first I wonder there are two websites .org and .net.
Website full of documentation, this is where you'll learn the VITE is listed in binance, the .net is the actual exchange. Which coin are you suggesting for us to stake VITE or VX?

https://vitex.net/faq

The daily release of VX begins to decline after March 6, 2020.

How much VX is released these days?

[LuciferMorningstar]

What a boldly shill! Let me tell you how much I care: tldr, nope. At least next time, try to summary up your shill with a shorter sentence, a less formal tone to look a bit more genuine and maybe, just maybe someone would take their time to read your post.

[FairUser]

I had participated in their bounty last year and did earn some tokens from it, which I did not sell at that time and kept it on the exchange. I haven't checked it yet but I think it might be worth something now. It is a good dex exchange with very good support.

They have made a few bounty in the past, but to be honest, the budget of those bounty is too low. It does not create interest for everyone involved, but I agree that this is a very good dex. Surely they will become popular in the future

[batang_bitcoin]

The 2nd and 3rd bullets are just the same sentences. It's confusing with this Vite and VX, I thought that these two tokens are one but it seems to be not. If this is a real story then that's really an interesting trading journey you've got. I have heard of this trade-mining before so I understand how it works. However, whenever someone speaks for an exchange like this, you'll be suspected that you're advertising the platform.

Here you have mentioned here that you have made 1 BTC just in 4 months from the Vitex exchange which is a complete decentralized and the investors are the real owner of this exchange who have VX coin in their wallet. They are receiving the divided from the profit made by this exchange. But the real thing is how much VX that you had in your account that gave you this much of earning and another thing is that how you earned the VX coin? So, explain about this briefly.

I'm also confused with the balances of his VX above.

[target]

The 2nd and 3rd bullets are just the same sentences. It's confusing with this Vite and VX, I thought that these two tokens are one but it seems to be not. If this is a real story then that's really an interesting trading journey you've got. I have heard of this trade-mining before so I understand how it works. However, whenever someone speaks for an exchange like this, you'll be suspected that you're advertising the platform.

Here you have mentioned here that you have made 1 BTC just in 4 months from the Vitex exchange which is a complete decentralized and the investors are the real owner of this exchange who have VX coin in their wallet. They are receiving the divided from the profit made by this exchange. But the real thing is how much VX that you had in your account that gave you this much of earning and another thing is that how you earned the VX coin? So, explain about this briefly.

I'm also confused with the balances of his VX above.

I have no idea how much his VX is but he is probably a trader and no dependent to VX dividends.

Its not his balance of VX that he is showing there. Its just the pool, try visiting there https://vitex.net/  and below the page is where the data within the day.

As of this moment,
Today's Minable VX = 41351.91 VX
Total Mined VX = 7655109.57 VX
Staked = 7046103.40 VX
Trading as Mining Total Income 24811.15 VX

All these data are for this date alone. Last updated on 6/13. This is actually a very transparent exchange. And I'm one of the user who shills for this if you shall call it to shill especially in this thread https://bitcointalk.org/index.php?topic=5180421.msg54332468#msg54332468

Today you can also see how much Daily Dividend Pool = 31.74011641 BTC | Cumulative Distributed Value = 63.96812180 BTC all these data are shown without you logged in.

Enough to say OP is a shill account. But it doesn't look like its a scam exchange. At first I wonder there are two websites .org and .net.
Website full of documentation, this is where you'll learn the VITE is listed in binance, the .net is the actual exchange. Which coin are you suggesting for us to stake VITE or VX?

https://vitex.net/faq

The daily release of VX begins to decline after March 6, 2020.

How much VX is released these days?

VITE is in Binance.com. https://www.binance.com/en/trade/VITE_BTC

If I have to choose for you, stake VITE. Staking VITE means you are mining VX coin which is what you need to also receive dividends daily comprised of transaction and listing fees.  If you don't wanna submit KYC to exchange, this is one of the DEX which somehow has volume. I can't huge volume but its growing over time.

[roxroxy]

You got another "exact"' similar topic : https://bitcointalk.org/index.php?topic=5233472.
Archived.

On both the scenario that you had made 1 BTC and in same exact time frame. Or you are talking about the same incident but on different topics? How many topics we may expect for your affiliated company?

The level of information and the links on multiple occasions made me to assume that you may NOT an end user/customer of the services you are talking about, but you must be a shill of the them and trying to lure innocent people from this community with multiple same information based topics.

It is confirmed that you are affiliated with vite.org (one of above mentioned services) by this post and you keep recommending your affiliated things everywhere by hiding among other projects and and this topic must a good example for that.

OP must be a SHILL. This topic must be a POTENTIAL SCAM ATTEMPT.
Do your own due diligence before taking any financial  decision based on OP.

Let's start with the fact that the first two articles complement each other and there is no exact time frame , also these are very strange arguments:" The level of information and the links on multiple occasions made me to assume that you may NOT an end user/custome". Providing links and full information about what I am writing about is a rule of good form and it can in no way be something negative

Regarding the same info in articles, while the main (links, into) things in them are really similar, this is done so that a person who has not read the first article can understand what it is about. The articles are consistent and complement each other, in them I talk about absolutely different things and at different times. In addition, how openly you talk about the shilling on my part, let me answer you, that I share my income with the members of the forum, to whom am I doing it badly? All numbers are real and reasonable, you should have spent a little time studying before criticizing, your message is empty 👎

[roxroxy]

Here you have mentioned here that you have made 1 BTC just in 4 months from the Vitex exchange which is a complete decentralized and the investors are the real owner of this exchange who have VX coin in their wallet. They are receiving the divided from the profit made by this exchange. But the real thing is how much VX that you had in your account that gave you this much of earning and another thing is that how you earned the VX coin? So, explain about this briefly.

I explained this in the previous article https://bitcointalk.org/index.php?topic=5233472

[roxroxy]

Enough to say OP is a shill account. But it doesn't look like its a scam exchange. At first I wonder there are two websites .org and .net.
Website full of documentation, this is where you'll learn the VITE is listed in binance, the .net is the actual exchange. Which coin are you suggesting for us to stake VITE or VX?

https://vitex.net/faq

The daily release of VX begins to decline after March 6, 2020.

How much VX is released these days?

You can check this on ViteX.net, as mined coins. For todays it's 9211036.96 VX = 31.40 % Mined

[gartmah]

Tech Series, part 7, this issue explains how the decentralized exchange works in the ViteX project, as well as a parsing of subsystems https://medium.com/vitelabs/tech-series-7-vitexs-decentralization-explained-260e675512e3