In this article, we tried to answer questions such as what is VITE coin, what is cryptocurrency Vite (VITE), how to buy VITE coin. Here are the details about VITE coin review and future…
How much is VITE Coin?
According to current crypto money market data, 1 VITE Coin 0.478770 TL is traded in TL. VITE Coin price has fluctuated -7.95% in the last 24 hours. The trading volume of VITE Coin in the last 24 hours is 595,437 $ dollars, its total market cap is 25,570,446 $ dollars.
How Much Is VITE Coin?
According to current crypto money market data, 1 VITE Coin 0.029162 $ is traded at $.
VITE is a cryptocurrency and reactive blockchain using a message-driven asynchronous architecture and a Directed Acyclic Graph (DAG) ledger. The main goal of VITE is to develop a robust overall platform for dApps with massive bandwidth and scalability.
What is Vite (VITE) Coin?
Vite has created a Directed Acyclic Graph (DAG) based smart contract platform with Snapshot Chain structure to facilitate zero fee transactions and optimize transaction speed, reliability and security. Snapshot Chain of Vite uses Hierarchical Delegated Proof of Stake (“HDPoS”) to achieve network consensus, while supernodes only receive staking rewards and no transaction fees. The Vite virtual machine maintains compatibility with EVM and uses the asynchronous smart contract language Solidity++. VITE token is the currency for simple token transactions and smart contract implementations on the Vite network where users stake VITE for transaction quota instead of consuming gas. VITE can also be used to vote for Snapshot Block Generators. Additionally, a VITE staker with unused transaction quota can lease that quota to dApps in exchange for their tokens. For example, users can stake VITE in exchange for VX, ViteX’s native decentralized exchange token. Vite’s current products include a decentralized exchange (ViteX), payments (VitePay), and government and enterprise blockchain applications (VitePlus):
ViteX is a decentralized exchange with an on-chain order book and matching engine, and currently supports over 20 digital assets.
VitePay is a fast and inexpensive payment solution currently available at Singapore’s Ce La Vi Sky Bar and taxi services under the Midwest Global network. Users can pay for traders with the Vite wallet, which gets paid with almost instant payouts with zero fees. VitePay is also integrated with the e-commerce platform OpenCart and VitePay is available in the official Vite store.
VitePlus is a Vite-based enterprise blockchain solution for governments and businesses. Vite developed SyraCoin, a pilot application for the Syracuse government that allows city housing fund donors to receive blockchain-based coupons that can be redeemable for goods and services within city limits.
Community strategy
Vite’s community development strategies will initially focus on the communities of China, Russia, Korea, Vietnam, Japan and Turkey. The Vite team will continue to explore other markets as the project evolves. Vite’s current community growth strategies include:
- Adding high-end exchange operators to ViteX so they can autonomously list coins, set trading fees and receive, and expand the Vite community.
- Integration of other chains to Vite Wallet
- Catch non-crypto customers via VitePlus distribution
- In-wallet airdrop campaigns with referral program
- Online and offline community engagement
- Monthly technical and non-technical AMAs to inform the community
Vite’s future community growth strategies include:
- Expanding trade partnerships through collaboration with crypto-fiat payment processor Alchemy
- Achieving more trade users with the release of one-step DEX distribution technology that allows people to easily create their own DEX
- More in Vite Wallet Capturing more customers through the DeFi app, offering token borrowing and lending opportunities inside and outside the Vite ecosystem
- Additional Launch the Ecosystem Incentive Program to support key projects with rewards from system funds
- Develop the developer toolkit and host local developer conferences
- Start the Blockchain Discussion Podcast to increase brand awareness
Vite (VITE) Coin Review and Future 2022
The developers are constantly improving this project. In December 2020, they released their new phase, VITE 2.0. Today, they are making the system more decentralized. In this case, they care about distrust, openness and competition. The team wants to develop the VITE protocol to achieve cross-border asset transfer capability. In addition, the team will increase compatibility with Web3, Remix and other tools.
At the product level, they will optimize the design of services and reduce the cost of deployment. Moreover, they will also update their mobile wallets in 2022. The latest release is the announcement of the ERC-20 VITE token transition. It is necessary to make the transaction between different chains faster and simpler. Also, the tokens will be available on the Upbit platform. The team will continue to organize sweepstakes outside of the project itself. They allow winners to buy VCP and exchange them for goods in the VITE store.
VITE token is a promising asset and its developers are constantly improving the decentralization and usability of the project. All this makes the VITE price prediction positive.
