AMA (Ask Me Anything)

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  AMA with Vite Labs Leadership - We will officially begin answering questions Jan 25, 23:00 PST
  • slothswearsocks  

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  @slothswearsocks Announcement: AMA Question Winners As we mentioned in the original AMA with Vite Labs Leadership Post, the Vite team will be picking 3 exceptional questions asked and reward the winners with 300 VITE each. These questions were judged on originality and depth of insight. The winners are... Plasmo: "Future of Vite Pay" topic https://forum.vite.net/topic/459/future-of-vite-pay Super: "SBPs in Discord" topic https://forum.vite.net/topic/478/question-2 Swiss Vite: "Lightweight Structure of Snapshot Chain" topic https://forum.vite.net/topic/509/how-the-snapshot-blockchain-can-be-much-more-lightweight-than-bitcoin Thanks to all who participated in the first AMA on our Vite Forum, if you have more questions for our team please tune into the AMA that will be hosted on Telegram! Check the link for more information: https://twitter.com/vitelabs/status/1090881257947357185
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  How to withdraw
  • sparow  

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  @sparow You can see the steps here https://forum.vite.net/topic/2361/vite-how-to-deposit-and-withdraw-from-wallet-to-market
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  Trying to cancel my staking
  • Django74  

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  @Django74 how is it going now?
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  Staking in quota from app wallet.
  • Raife1989  

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  @cryptolove it created a new account that's what happened I used a saved seed from another wallet lol
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  Quota
  • Leon Sommer  

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  @Leon-Sommer What's the point in staking vite then? Hmm I posted a link. You can read more about what you can do with quota. Will be the quota transformed in vite tokens as a reward? No. Because otherwise I could simply run PoW (voting nodes) all day and get my vite tokens anyway. You could do that because you're a light user. For power users who send out transactions every few seconds, or thousands per minute, clicking Run PoW everytime is time consuming and just not as smooth. Also Run Pow only grants just enough quota for basic operations (only performing transactions or voting). For advanced operations, you will be required to stake to generate more quota.
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  I can't withdraw my staked VITE
  vite staking vite staking withdraw web wallet • • sismic  

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  @plasmo thanks now i see.. I forgot to click my desktop mode.. Thanks again
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  All view
  rê222222 • • joker1541  

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  I am new and I need help
  vite airdrop help • • Odumeso Oluwaseyi  

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  @Odumeso-Oluwaseyi Referred a friend he claimed his 4 th airdrop all ready but I have not received referral balance 5 Vites
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  I can't pick up airdrop. its .
  vite • • Nick26  

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  @Nick26 I've been experiencing same issue as well, not sure why or what it is that went wrong...
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  okex
  • abd el hadi  

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  Meeting new people
  • kevoc  

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  Planning for the future.
  vite vitelabs blockchain bnbdex • • Moses Oluwatosin  

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  Vitewallet compatibility with all ERC standard tokens?
  vitewallet vitelabs blockchain ethereum erc • • Moses Oluwatosin  

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  V-power
  • ThemightyAV  

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  Just a multiplier/bonus to increase your airdrop. Currently not available.
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  How the snapshot blockchain can be much more lightweight than Bitcoin?
  • SwissVite  

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  @plasmo yes, they did. just like other blockchains such as eos, tron, so much people send much meaningless data to the chain ervery time because of free. free is good, but also "bad"
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  Question 2
  • super  

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  Community projects and community SBPs will follow VITE marketing and adoption. It is quite normal that for now, at this early stage, SBPs are ran by VCs that hold the supply. There is more than 347m VITE to swap... and the cost to run a SBP is 1m (for the mainnet). To create a SBP, there is no barrier. Imo, no need to reduce the barrier. Big holders still have largest part of their VITE in erc20, because it is the only way to trade it. We have to wait for the mainnet, when the supply will be more exploded, and when vite products will be live. Community projects will come when project will be more mature. Until that time, you can vote for SwissVite
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  Does Vite support Crosschain? How?
  • felicity  

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  As described in the white paper, the cross-chain function in Vite will support asset transfer through cross-chain gateway. For every target chain, there is a gateway for this purpose. The gateway will listen to the transactions on both chains. If this is a Bitcoin gateway and someone wants to transfer 1 BTC to Vite, he should send the BTC to Bitcoin gateway first, once the gateway discovers the transaction it would wait a certain time for confirmation and then send 1 BTC to the person's Vite address, and vice versa. Cross-chain smart contract call is not supported at this time.
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  Future of Vite Pay?
  • plasmo  

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  @plasmo The international version of Vite store has launched! If you have VCPs, you may now order from the website. If you need any, we have campaigns that will grant them Note that with the Chinese New Year coming up, shipment of these items won't start till mid-Feb. Any feedback is welcomed.
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  Questions regarding the upcoming Vite DEX
  • plasmo  

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  The design of Vite DEX is open and anyone can share the order pool through DEX API, but DEX API is not available in the first version. We are working with existing stable coin issuers and USDO (https://usdo.com/) may be the first stable coin to be issued on Vite.
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  Vite AMA- Discussion on DPOS as a viable alternative to POS and POW
  • Kabuto  

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  @Allen : Thanks for directing me to the detailed post. Very clear! I will let you know if I have any follow-ups.