Overview of the vote, staking vite, staking vx rewards
Sbp /vote rewards
How to vote for sbp
Open vite app >press on vite >>vote>>>choose sbp and press vote (close run POW message, should appear on upper blue window successfully voted)
Which sbp gives daily rewards
Remember only those sbp gives rewards, it may change any time, (those are community sbp)
List of sbp that gives rewards
N4Q, XS_Fund, Japan_Node, v666fun, vite.NO1, BeautyVite, N4Y, Korea_node, SwissVite.org, vite.bi23, Elegance Vite
Rewards
Here are some examples of previous days done by Oleg VITE CM Lead *you can follow Oleg on twitter for daily updates https://twitter.com/olegenthusiast/status/1264307960794267648?s=21, rewards for 1000 VITE .the more VITE you have in your wallet the higher rewards you get. Also, the number of total votes effect. The higher number of total votes the smaller rewards you will get. (shared rewards )
Staking VITE rewards
A user can stake VITE at ViteX and get daily rewards in VX (more info about VX: https://vitex.net/faq/)
Staking VITE rewards distribution daily at 12 pm UTC+8
(Done by smart contract).
You can retrieve your staking VITE after 3 days, and there is 7 days waiting period for your funds return to your ViteX account. No rewards during the waiting period
How to calculated your VITE staking rewards:
VITE staking rewards depends on daily VX release for staking and total VITE staking amount,which can be seen at ViteX.net .The minimum amount that you can stack is 134 VITE
How to stake VITE
Example:
If you have 1000 VITE staked:
Your VITE staking rewards
The annual ROI currently for 100 $
How to calculate your Roi (based on VITE price today VITE= 0.01321 $):
If you want to invest 100 $, which you can buy now 7570 VITE:
Staking your 7570 VITE you get daily 0.465 VX ( VX price today = 0,185 USDT ) which is 0.0837 $ >>>your 100 $ in a year from staking VITE 29.7$ it can go 2x upper if VX price get higher or you bought VITE cheaper than the base of this calculation price.
Currently, the ROI IS 29%
Staking VX for dividends
Staking VX you get daily dividends in BTC; ETH and USDT
Dividends depend on trading fees on ViteX exchanges and total VX staking amount (check ViteX dashboard vitex.net)
For more info check https://vitex.net/dividend
The minimum 10 VX required to be eligible to receive daily dividends.
Remember you can staking minimums 1 VX but retrieve required 10 VX. you can cancel staking and retrieve after 3 days, and 7 days waiting period no rewards during the waiting period.
Rewards distribution time daily 12 pm UTC+8
How to stake VX:
Dividends calculation.
You can calculate as follow
Dividends depend on trading fees and total VX staking amount (can staking or cancel any time). Which aren't fixed number, so can't give accurate %.
All fees collected by the ViteX platform will be collected into a shared dividend pool and distributed at a rate of 1% daily. For any given day, the total fees collected during that day will be fully distributed by the 100th day.
BTC dividend
1% BTC dividends = BTC pool/100 (1)
Then dividends = (1)/total VX staking (2)
Your dividends in BTC = your VX staking amount *(2)
ETH dividend
1% ETH dividends = ETH pool/100 (1)
Then dividends = (1)/total VX staking (2)
Your dividends in ETH = your VX staking amount *(2)
USDT dividend
1% USDT dividends = USDT pool/100 (1)
Then dividends = (1)/total VX staking (2)
Your dividends in USDT = your VX staking amount *(2)
Example
If you staking 1000 VX . based on above dashboard
BTC dividend
BTC dividend
BTC pool= 11.45451567
Total VX staked = 6403348,87
1% BTC dividends = 11.45451567/100 = 0.11454157 (1)
BTC dividends = 0.11454157 /6403348, 87 = 0.00000002 BTC (2)
Your dividends in BTC= 1000 *0.00000002 = 0.00001789 BTC
ETH dividend
ETH pool= 480.46865327
Total VX staked = 6403348,87
1% ETH dividends = 480.46865327 /100 = 4.8046865327 (1)
ETH dividends = 4.8046865327/6403348, 87 = 0.00000075 ETH (2)
Your dividends in ETH = 1000 *0.00000075 = 0.00075034 ETH
USDT dividend the same calculations
USDT pool= 86690.933636 USDT
Total VX staked = 6403348,87
Your Your dividends in = 0.13525788 USDT
Staking VX ROI after 1 year
VX staking ROI. In case vol keeps the same as today and all vx released by 27.05.2021staking (no trading VX at all)
Let’s calculate VX staking ROI in the lowest that it could be (vol keeps the same and all VX has been staked) check VX release (https://forum.vite.net/topic/3368/vx-daily-releasing-data)
Remember not all VX staked also vol can change
By 27.05.2021 will be 18195518 VX already released
If you staking 1000 VX . by 27.05.2021
BTC dividend
BTC pool= 11.45451567
Total VX staked = 18195518
1% BTC dividends = 11.45451567/100 = 0.11454157 (1)
BTC dividends = 0.11454157 /18195518 = 0.000000006295 BTC (2)
Your dividends in BTC = 1000 *0.000000006295 = 0.000006295 BTC
ETH dividend
ETH pool= 480.46865327
Total VX staked = 18195518
1% ETH dividends = 480.46865327 /100 = 4.8046865327 (1)
ETH dividends = 4.8046865327/18195518 = 0.00000026405 ETH (2)
Your dividends in ETH = 1000 *0.00000026405 = 0.00026405 ETH
USDT dividend the same calculations
USDT pool= 86690.933636 USDT
Total VX staked = 6403348,87
Your Your dividends in = 0.0476 USDT
Conclusion in worse scenarios you will have a good ROI from staking VX
