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.