High transaction throughput, confirmation within seconds, zero gas fee. Trading experience rivaling that of centralized exchanges
VX holder collects dividends
Multiple ways to mine exchange coins VX, via trading, staking and listing
Open sourced protocol, one-click token issuance
Token forging, gateway creation, coin listing, and order book information are completely transparent
What is VX?
VX is the token associated with ViteX. VX holders enjoy payouts from a shared dividend pool comprised of transaction fees and listing fees. There will be no public nor private sale for VX. Users can only get VX through mining. The total supply of VX is 100 million. All VX will be distributed in two years, with zero inflation. The daily average VX distribution is 137,000. 10% of daily distributed VX will be set aside to fund future development of ViteX.
How do I get VX?
You can get VX in three ways. The first way is to trade on ViteX (“Trading is Mining”); the second way is to stake VITE and help ViteX receive quota for its operations (“Staking is Mining”); and the third way is to list trading pairs (“Listing is Mining”). Trading is Mining: 60% of daily released VX will be distributed to traders according to the proportion of their transaction fee on ViteX; Currently there will be four markets: BTC market, ETH market, VITE market and a stablecoin market. Each market will equally share 15% of the daily distribution. Staking is Mining: 30% of daily released VX will be distributed to users who participate in staking VITE for the benefit of ViteX. Listing is Mining: A user (“token issuer”) that lists a new trading pair will receive VX. As mentioned earlier, the token issuer receives VX by participating in the same pool as traders, with his/her share calculated as if he/she executed a trade involving a transaction fee of 1,000 VITE. A listing fee is required for the DEX: for a token issued on the Vite chain, the listing fee is 10,000 VITE. Otherwise, a cross-chain gateway will be involved in the listing and a related fee may be added.