ViteX

Exchange By the Community, For the Community

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About ViteX

ViteX is a decentralized exchange with its own native token, VX. Currently, ViteX has four major trading markets: VITE, BTC, ETH, and USDT.

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Truly Decentralized

On-chain order matching and asset management. Smart contract driven dividend distribution. Locally private key storage.

Ultra-High Performance

High transaction throughput with <1 second confirmation time. Zero gas fees.

Collect Dividends

Mine VX by trading, staking, market-making, referring, and listing. Hold VX to receive daily dividends.

Open-Source Protocol

Token forging, gateway creation, coin listings, and order book information are completely transparent and open to the public.
1. What is VX?

VX is the token native to the ViteX platform. The total supply of VX is 100 million, to be fully released in two years with no inflation. The daily average VX distribution is 137,000 with 10% to be set aside to fund future ViteX developments. VX holders enjoy payouts from a shared dividend pool comprised of transaction fees and listing fees.

2. How do I get VX?

There will be no public nor private sale for VX. The only way to obtain VX is through mining:

1.Trading is mining. Each time you execute a trade (i.e. take an order off the order book), you get some VX. The amount of VX you receive will be calculated based on the proportion of the amount of trading fees that you paid to the total amount of trading fees collected by ViteX that day.

2 Referring is Mining. Every trader will get a referral code that they can share with their friends. When your friends sign up, they get 10% off of all trading fees on ViteX (Base Transaction Fee + any applicable Zone Fees). You benefit as 5% of your referred friends' accumulated trading fees get added to your daily accumulated trading fees.

3 Listing is Mining. List new trading pairs to mine VX. A user (“token issuer” or an “operator”) that lists a new trading pair will also receive VX. The token issuer’s reward is calculated as if he/she executed a trade involving a transaction fee of 1,000 VITE.

4 Staking is mining. The Vite public chain requires quota to properly allocate is computing resources. Quota is obtained by staking VITE. If you stake VITE to help ViteX obtain the quota it requires to run, then you get VX.

5 Market-making is Mining. Place orders to boost liquidity on ViteX and you’ll be rewarded with VX.

3. VX distribution rules.

The total supply of VX is 100,000,000 with no inflation. The release of VX will gradually slow down to a mining timeline of two years.

The number of VX mined decreases 0.5% daily in the first year and it will decrease by 0.2% every day in the second year.

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Use ViteX

Create
Create a Vite address and login with password
Deposit
Transfer assets from wallet to ViteX account
Trade
Send or cancel a transaction via web wallet

Operators

Become an Operator