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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  Trying to cancel my staking
  • Django74  

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  @Django74 Use your seed to restore. Account name doesn't have to be same. It's not really an account name... it's more like an alias/identifier.
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  I can't withdraw my staked VITE
  vite staking withdraw web wallet vite staking • • 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 help airdrop • • 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 blockchain vitelabs bnbdex • • Moses Oluwatosin  

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  Vitewallet compatibility with all ERC standard tokens?
  blockchain ethereum vitelabs vitewallet 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.
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  Vite AMA- Question on Loopring DEX
  • Kabuto  

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  We appreciate your concerns about our DEX implementation. Vite DEX adopts maker-taker model for order matching. Loopring is not implemented at this time cause considering at the beginning phrase of DEX there won’t be a large number of orders and pairs. And Loopring only shows its advantages when many orders are waiting to be matched in different pairs. When Vite MainNet launches, we still may consider to bring Loopring on-board once situation fits.
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  AMA-question
  • 孙权  

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  @孙权 We remain open minded about use cases outside the blockchain bubble. A significant amount of our BD effort is dedicated to “traditional” industries. Providing help to the public sector is one example (this website mentions Vite helping the government of a US city: https://startupinresidence.org/stir/about-stir/teams/). Now that our smart contract is released and we are creating developer tools and documentation, we also welcome our community to participate in creating useful real-world applications on our platform.
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  Question regarding capturing market share
  • zztom  

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  @zztom My answer is mostly captured in the response to this post: https://forum.vite.net/topic/451/question To elaborate on our engagement with developers: Our asynchronous smart contract is fully released. We’re building tools to make development with solidity++ easier and more convenient. We are currently running an internship program, with American college students developing on our smart contract platform.