VITE: Powering the Fast and Fee-less Network
VITE is the native currency of the Vite network. It is used to secure the network in a Hierarchical Delegated Proof of Stake system. VITE is also used to obtain computational power in the form of Quota. This process is called locking. Quota is then consumed to pay for transactions on the network. The VITE locked for Quota can be unlocked and redeemed at no loss to the user, making Vite a truly zero-fee layer1 chain.
For trading purposes, VITE is now convertible to VITE ERC-20 token and VITE BEP-20 token. Users can easily deposit or withdraw between the native Vite chain and Ethereum or BSC. Here are our contract audit reports for VITE ERC-20 and VITE BEP-20.
LessToken Distribution
Use Case
Get Quota
In the Vite network, users can lock VITE to obtain Quota. Quota is then consumed to pay for transactions. The consumed Quota will replenish over time as long as VITE remains locked in the system. The locked VITE can be redeemed at no loss.
Stake as Mining
On the ViteX exchange, users can mine platform token VX by staking VITE. Staked VITE coins can be retrieved in three days and is locked for seven days before coins credited to each user's account. Please note that there are no rewards during the retrieval time mentioned above.
Vote for an SBP
The super nodes in the Vite network are called Snapshot Block Producers, aka SBPs. Users can use the unlocked VITE to vote for the SBPs. Some, not all, SBPs share their block rewards with the voters.
How to Get VITE Coin
Purchase in the following exchanges:
Run a full node and share the daily Full Node Rewards
Run a full node and share the daily Full Node Rewards.
Become a Snapshot Block Producer (SBP)
Stake 1 million VITE to become an SBP and earn SBP Rewards.
Vote for SBP
VITE holders can vote for an SBP and enjoy voting rewards. View the latest SBP list distributing voting rewards on our Vite forum or contact our community managers for more information.
Partners
