Since the Vite project was established in June 2018, we have received a ton of support from our community. We are excited to announce that, after going through more than a year of development and testing, Vite Mainnet will launch officially on September 25!

In the past year, Vite teams worked long and hard to build the world’s first public chain that implements smart contracts on DAG (Directed Acyclic Graph) architecture. We were finally able to deliver a completely decentralized high performance application platform, featuring our innovative asynchronous architecture, HDPoS (Hierarchical Delegated Proof of Stake) consensus mechanism, and Snapshot Chain. With these features, we were able to build a platform meets the requirements of industrial applications for high throughput, low latency, high scalability and security.

The launching of Mainnet marks a significant milestone in Vite’s development as it signifies that the Vite public chain will now formally support the functions and expansions of the ecosystem built upon it. We have so far deployed several use cases, such as our Syracuse GovCoin pilot project, a Decentralized Exchange (ViteX), and many DApp games. However, with the launch of our Mainnet, we will be actively engaging and involving more users to help us grow our community-driven decentralized ecosystem.

Global First DAG+DPOS Blockchain with Smart Contract Capability

Vite blockchain utilizes a DAG ledger. This architecture solves for speed and scalability, bringing an effective solution for feeless transactions as each account has its own blockchain and payments are separated into two transactions: sending and receiving. On January 18, 2019, Vite public chain completed hard fork “Smart”, featuring support for the creation and calling of smart contracts. We then became the first DAG+DPOS blockchain in the world that offers smart contracts, making it ever easier for developers to develop DApps on such a platform. The introduction of Snapshot Chain brings additional security for our distributed ledger.

Products and Use Cases

Vite is dedicated to developing the full stack of possible technologies on our pubic-chain. From international payments to decentralized exchange platform to public finance, we have built an ecosystem of products that is not only capable of driving a circulating payment system, but also proven to be practical for real world uses.

Vite Wallet
Multi-chain mobile wallet

• One wallet to manage multiple assets
• Secure, stable & open-source
• Endorsed by BTC.com, Luxor, F2Pool & more
• Link to Wallet https://app.vite.net/

ViteX
Decentralized exchange

• Secure asset management and identity protection, KYC resistant
• Transaction processing and on-chain order-book matching in seconds
• Cross-chain support for any coins
• Community-driven coin listing
• Decentralized governance model
• Mining of native coin VX available in 5 methods
• Link to Exchange https://vitex.net

VitePay & ViteStore
Payment platform and storefront

• Confirmations within seconds
• Zero transaction fees
• Support for stablecoin and Vite community points VCP payments
• Ensure user privacy

SyraCoin
DApp for cities

• Contracted by the city of Syracuse
• Public-sector application powered by Vite
• City token to encourage peer- to-peer donation
• Blockchain-enforced transparency of donation pool

Milestones for Mainnet Launch

— May 21, 2019 Pre-Mainnet was launched
The Pre-Mainnet is an important milestone that accomplishes functions consistent with both the upcoming Mainnet and objectives outlined in the white paper.
Vite Mainnet is optimized based on this version.

— Sep 11, 2019 Go-vite v2.6.0 was released
Optimized system performance and synchronizing speed, adjusted SBP staking threshold. Staking amount was increased from 500K to 1M VITE for SBPs registered after Sep 11.

Events and Activities

After Mainnet goes live, we will launch a Vite Public Chain Bug Bounty campaign to verify and ensure the safeness and stability of our technologies. Developers from all around the world will be invited to evaluate the security performance of Vite Public Chain, and whoever discovers a bug will be rewarded.

Here at Vite, we strive to continue making breakthroughs and bringing innovations in blockchain technology. In the future, we will form a tech community that regularly holds technology sharing events such as Hackathons, and invite global blockchain developers to witness the development of the blockchain industry.

Token Swap

Immediately following the launch of Vite Mainnet, we will start a token swap. Currently existing VITE ERC 20 tokens can be converted into Vite native coins at the rate of 1:1 upon completing a token swap.

Deposit ERC 20 tokens to Vite wallet and click “convert” to complete the process. Since the Ethereum public chain charges for withdrawals, a small amount of ETH needs to be transferred to Vite wallet to initiate the deposit.

Vite native coins can be staked to mine VX on ViteX, or receive rewards by voting for super nodes in Vite wallet.

Note:

All VITE ERC20 tokens listed on OKex will be automatically converted to VITE native coins once the Mainnet launches.

Time frame for the token swap is Sept 25, 2019 — Sept 25, 2020

Stay tuned for more updates on Vite Mainnet Launch!

— — — — — — — — — — — — — — — — — — — — — — — —
Official: https://www.vite.org/
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net

Dear ViteX users:

OKB will soon be listed and traded on ViteX, mining eligible.
Deposits and withdrawals of OKB will start at 15:00 HKT (UTC+8), Feb 24.
Trading and market-making as mining of trading pair OKB/BTC will be enabled starting 15:00 (UTC+8) on Feb 25.

Mining Range

OKB

OKB is a global utility token issued by OK Blockchain Foundation. It is currently in the form of an ERC-20 token, but will be transformed to the native token of the OK public chain. OKB is designed to connect prospective digital asset projects to OKEx users and professional investors, creating an ecosystem that advances the development of the digital asset industry.

Links

Website：https://www.okex.com/
Telegram： https://telegram.me/okexofficial_en
Explorer： https://etherscan.io/token/0x75231f58b43240c9718dd58b4967c5114342a86c
Twitter： https://twitter.com/okex_

Statements

The asset description is taken from official materials such as white papers issued by the official project team so that investors can better understand and evaluate the project. The content of this article is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but does not guarantee the accuracy and completeness of the information stated in the official materials.

Vite Labs does not provide any investment advice or advice on trading techniques, models, algorithms, or any other schemes, and makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose. The contents of this article shall not be used as the basis or evidence of morality, responsibility and law, whether expressed or implied.

Risk Warning

Cryptocurrency investment is subject to high market risk and price volatility. Please carefully evaluate your capability of handling potential risks and make prudent trading decisions.

We will continuously progress in providing better products and services.

Vite Labs
Feb 23, 2020

To celebrate ONE listing, the Harmony team launched on ViteX a two-week trading competition from Mar 5 17:00 (UTC+8) to Mar 20 24:00 (UTC+8). Participants of the event will be awarded with a total of 450,000 ONE coins!

One week has past since the competition, here is a list of winners as of 17:30 (UTC+8) March 13：

Event Details

Time: Mar 5 17:00 (UTC+8) — Mar 20 24:00 (UTC+8)

Awards: 450,000 ONE

Rules:

• Trade ONE/BTC pair on ViteX and earn rewards based on your trading volume.

• At the end of the contest, your total trading volume will be calculated into BTC values for rankings.

• Only accounts with a minimum trading volume of 0.02 BTC will be considered for rewards.

• Rewards will be calculated based on the proportion of individual trading volume to the total volume for all eligible accounts.

• Trading volume = buy volume + sell volume. Buy and sell orders filled by the same account do not count.

Note:

1. The final winners list will be announced within 5 working days after the event ends.
2. Rewards of less than 1 ONE will not be awarded.
3. Harmony and ViteX reserve the right of final judgement. Any cheating or wash trading behaviors will result in disqualification.

Links
ViteX website：https://vitex.net/
Vite APP Download：https://app.vite.net/
Twitter：https : //twitter.com/ViteXExchange
Telegram：https : //t.me/vitexexchange

March 13, 2020

Deposits and Withdrawals of BCH will start at 15:00 HKT (UTC+9) Mar 10, and trading of pair BCH/BTC will start at 15:00 HKT (UTC+9) Mar 11.

Both trading as mining and market-making as mining of pair BCH/BTC will go live once trading starts.

Mining Range

About Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is an altcoin version of the popular Bitcoin cryptocurrency, the result of a hard fork in blockchain technology. Bitcoin Cash increased the potential block size to enable a greater number of transactions and help the cryptocurrency scale as it grew and competed with more traditional cryptocurrency platforms.

BCH Links：

Website： https://www.bitcoincash.org/
GitHub： https://github.com/bitcoincashorg/
BTT： https://bitcointalk.org/index.php?topic=2040221.0
Explorer： https://blockchair.com/bitcoin-cash
Forum： https://bitco.in/forum/forums/bitcoin-abc.25/
Twitter： https://twitter.com/bitcoin
Reddit： https://reddit.com/r/Bitcoincash

Statements

The asset description is taken from official materials such as white papers issued by the official project team so that investors can better understand and evaluate the project. The content of this article is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but does not guarantee the accuracy and completeness of the information stated in the official materials.

Vite Labs does not provide any investment advice or advice on trading techniques, models, algorithms, or any other schemes, and makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose. The contents of this article shall not be used as the basis or evidence of morality, responsibility and law, whether expressed or implied.

Risk Warning

Cryptocurrency investment is subject to high market risk and price volatility. Please carefully evaluate your capability of handling potential risks and make prudent trading decisions.

We will continuously progress in providing better products and services.

Vite Labs
Mar 9, 2020

ViteX, developed by Vite Labs, is the world's first DAG-based decentralized exchange.
ViteX Coin, VX, is the coin native to the ViteX platform. It is mined exclusively by the ViteX community and is used to allocate rewards back to the community.

VX holders receive daily dividends, in BTC, ETH, and USDT, from a shared dividend pool which aggregates trading & listing fees accumulated by ViteX and redistributes them back to VX holders. As of June 1 2020, ViteX has distributed a total of 60 BTC in dividends to its shareholders (VX holders).

For safety reasons, ViteX account can only be created through the mobile Vite App, but trading is accessible through both Vite mobile client and web client.

About Vite App

Vite App, available in both iOS and Android, is a one-stop crypto assets management and trading tool. It has both a built-in open-source cross-chain multi-currency wallet, and a built-in decentralized exchange ViteX with platform coin VX mining capabilities.
Vite App allows secure and easy management of assets, fast trading, and convenient mining with simply one set of mnemonic phrases.

Download Vite App: https://app.vite.net
Web ViteX: https://x.vite.net/

Using the App

There is no transaction fee in Vite network. However, sending transactions consumes quotas. Low frequency users can obtain quota by calculating a hash. Currently, computational power is provided by Vite Labs. Users just need to wait for a few seconds for the transaction to be processed. For high frequency users, like exchange users, the waiting period could be long. It is recommended to stake VITE and acquire quota, which will allow immediate transactions. Please refer to the following articles on how to set up your Vite account, stake for quota, and sign up for ViteX account.

Set Up Vite App:
https://forum.vite.net/topic/3871/how-to-set-up-vite-app

Create ViteX Account:
https://forum.vite.net/topic/3870/how-to-create-and-login-to-vitex-account?_=1590126280694

Dear ViteX Users,

We have added the referring as mining function in Vite wallet iOS version 3.2.0 that was updated on Nov, 28th. This function is currently available only on iOS devices.

With the latest updated iOS wallet, there are now options to become Mine Owners and Miners.

• Mine Owners build mining teams by inviting friends to become Miners and receive 5% of all mining rewards acquire by team members through trading.

• Miners enjoy 10% off trading fees.

The updated Android wallet will be released recently as well, stay tuned for announcements and future updates.

Download the latest App here: https://app.vite.net

In order to motivate and incentivize participation of both existing and new capable teams and developers from our community to build together the Vite ecosystem, Vite Labs has released the first of the Ecosystem Incentive Plans series that is designed to support the operation of supernodes by voting to selected SBPs with Vite eco-funds, all voting proceeds will accrue to SBPs.

On April 16, SBP vite.bi23 submitted the first DApp listing request since the release of the incentive plan, Vite Foundation will reward 200,000 votes to vite.bi23 SBP as incentives. Details are as follows:

Coinwar (DApp Game) -- Predict trend of BTC price and win VITE

Rules:
Rewards are distributed every 2 minutes through a smart contract. Within each gaming cycle, make a bet during the first minute on any of the three following:

1. Price higher or lower
2. Price last digit odd or even number
3. Price last digit number
   and wait for rewards to be distributed during the second minute. All game results are fair and transparent.

Status: Released

Smart Contract Address: vite_f28701574a794a5d9d8fad9c92de8c67b8f19b777a75d0cf64

It is highly encouraged that all developers in the community to participate in developing the Vite ecosystem, recognized projects and parties will be rewarded accordingly.

Learn more about Vite Ecosystem Incentive Plan:
https://forum.vite.net/topic/3672/vite-ecosystem-fund-incentive-plan

Download Vite App to play Coinwar: https://app.vite.net/

Vite Foundation
April 27, 2020

As we have announced previously, VX holders now receive dividends only on staked VX. Starting 12:00 pm December 6 HKT, users are able to stake VX through both App and web version ViteX. Staking guidelines and modified reward rules are as follows:

• A minimum of 10 VX must be staked to receive dividends;
• Participant is entitled to receive dividends starting with the next distribution, after submission of staking request;
• If a user revokes the staked VX, those staked amount will be released after a 7-day waiting period. No dividend will be received during this waiting period.

Users can enable automatic staking. Mined VX will be automatically staked once enabled, purchased VX is not subject to this function.

Staking Guide:

Modified reward rules started 12:00 pm Dec 6

All users that were participating in staking as mining before the upgrade can maintain their stakes. Staking can be retrieved at any time, buy will be refunded after the 7-day waiting period. These 7 days won’t count as participation in staking, and therefore won’t earn dividends.

ViteX Teams
December 6 2019

Official: https://www.vite.org/
ViteX Official: https://vitex.net/
Instagram: https://www.instagram.com/vite.labs/?hl=en
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net
Telegram: https://t.me/vite_en

Dear ViteX users,

We have, for your convenience, sorted out trading and market-making as mining information on eligible trading pairs.
You may refer to the following content when making decisions.

Market-making as Mining:

Place orders to boost liquidity on ViteX and get rewarded with VX. The amount of VX depends on two factors:

1. the amount of time your order remains on the order book
2. the amount of deviation from the best bid and best offer in the order book spread.

The longer your order remains in the order book, the more VX you receive. The less your order deviates from the best bid/offer, the more VX you receive.
Currently MM as Mining accounts for 10% of the daily VX distribution: BTC Market (5%), ETH Market (1.5%), VITE Market (1.5%), and USDT Market (2%).

Trading as Mining:

Trading at the four markets: BTC, ETH, VITE and USDT will be rewarded with ViteX
Currently each market accounts for 15% of the daily VX distribution.

Trading and market-making as mining eligible trading pairs in the four markets are listed as follows:

BTC Market

ETH Market

VITE Market

USDT Market

Note:
The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.
The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.

The mining calculation is conducted as follows:
The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)
The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn
Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day

Dec.31 2019
Team ViteX

Dear Vite Supporters,

It has been two years since Vite was launched. Being built from scratch, Vite has grown to have a full working ecosystem of products, and we could not have achieved what we have today without the support from our community members.

Vite official website will soon have an upgrade to make a better public display of the project. With this opportunity, we would like to improve the community section to honor the great community we have. Vite welcomes applications for Community Stars from any individuals with remarkable contributions to the project and greatly appreciate all your effort on developing together the Vite community.

Candidates

• Must be a Vite community member

• With notable contribution to the development of Vite project, including but not limited to aspects such as technology development, publicity promotion, content creation, community building, event planning, etc.

Selection Processes

• Collect candidates

• Team review and vote internally

• Announce the results

• Vite will issue an official “Community Star” certificate to selected individuals and list the stars on our webpage!

How to Apply

• Fill in this form and submit your answers by May 27

• Results will be announced by May 31

• Describe your contributions and how it has helped Vite and in what aspects
  You could either nominate yourself or advocate for someone who you think has helped Vite greatly

We look forward to seeing our Community Stars!

Official: https://www.vite.org/
ViteX Official: https://vitex.net/
Twitter: https://twitter.com/vitelabs
Vite Forum: https://forum.vite.net

Vite Labs
May 19, 2020

Dear Users,

ViteX will enable Market-making as Mining for stablecoin trading pairs USDC/USDT, DAI/USDT, BUSD/USDT at 16:00 (UTC+8) on Sep 4.

Mining Range

Note:
The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.
The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.

Example
Suppose that the USDT market has only USDC/USDT trading pair and all orders are placed for 24 hours, a total of 250 VX will be allocated as mining rewards. Consider five scenarios as follows:

The mining calculation is conducted as follows:
The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)
The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn
Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day

Links:
ViteX website：https://vitex.net/
Vite APP Download：https://app.vite.net/
Twitter：https : //twitter.com/ViteXExchange
Telegram：https : //t.me/vitexexchange

Sep 4, 2020
Team ViteX

Dear Users,

Trading pair HNS/USDT will soon be enabled with MM as mining starting at 15:00 (UTC+8) on AUG 27.

A week of the special event to receive 3X market-making as mining rewards for trading pair HNS/USDT will also start from 15:00 (UTC+8) Aug 27 and last through 15:00 (UTC+8) on Sep 3.

Mining Range

Note:

The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.

The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.

Example

Suppose that the USDT market has only HNS/USDT trading pair and all orders are placed for 24 hours, a total of 250 VX will be allocated as mining rewards. Consider five scenarios as follows:

The mining calculation is conducted as follows:

The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)

The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn

Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day

Links:

ViteX website：https://vitex.net/

Vite APP Download：https://app.vite.net/

Twitter：https : //twitter.com/ViteXExchange

Telegram：https : //t.me/vitexexchange

Aug 26, 2020

Team ViteX

@Shimmyshim

Hi, in order to claim the additional bonus you must have a twitter account and complete the retweet mission.

Dear Users,

Operator Vite Labs is listing Handshake (HNS) on ViteX.

Deposits and Withdrawals of HNS will start at 15:00 HKT (UTC+8) Aug 13, and trading of pair HNS/USDT will start at 15:00 HKT (UTC+8) Aug 14.

Market-making as mining on pair HNS/USDT will go live once trading starts.

Mining Range

About Handshake

Handshake is a decentralized, permissionless naming protocol where every peer is validating and in charge of managing the root DNS naming zone with the goal of creating an alternative to existing Certificate Authorities and naming systems.

Learn More about Handshake：

Website: https://handshake.org/
Telegram: https://t.me/hns_tech
GitHub: https://github.com/handshake-org - Connect to preview
Explorer：https://hnscan.com/
Forum：https://kiwi.freenode.net/#handshake
Twitter: https://twitter.com/hns
Reddit：https://reddit.com/r/handshake

Statements

The asset description is taken from official materials such as white papers issued by the official project team so that investors can better understand and evaluate the project. The content of this article is obtained through legal channels to ensure the reliability, accuracy and completeness of the information as far as possible, but does not guarantee the accuracy and completeness of the information stated in the official materials.

Vite Labs does not provide any investment advice or advice on trading techniques, models, algorithms, or any other schemes, and makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose. The contents of this article shall not be used as the basis or evidence of morality, responsibility and law, whether expressed or implied.

Risk Warning

Cryptocurrency investment is subject to high market risk and price volatility. Please carefully evaluate your capability of handling potential risks and make prudent trading decisions.

We will continuously progress in providing better products and services.

ViteX Website：https://vitex.net/
Vite APP Download：https://app.vite.net/
Twitter：https : //twitter.com/ViteXExchange
Telegram：https : //t.me/vitexexchange

Aug 12, 2020

Dear ViteX users:

Trading Pair XGM/BTC, listed by Operator VGATE, will be enabled with market-making as mining starting 15:00 HKT (UTC+8), June 23.

About XGM

DEFIS(XGM) is a next generation decentralized financial system, built on top of the cryptographic primitives. Owners of different cryptocurrencies can earn interest, borrow, exchange, and create custom cryptocurrencies on DEFIS all in a completely decentralized and anonymous manner.

Mining range for trading pair

Note:
The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.
The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.

Example›
Suppose that the BTC market has only XGM/BTC trading pair and all orders are placed for 24 hours, a total of 250 VX will be allocated as mining rewards. Consider five scenarios as follows:

The mining calculation is conducted as follows:

The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)

The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn

Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day

June 22, 2020
Team ViteX

Dear Users,

ViteX will enable Market-making as mining for trading pair CGLD/USDT, listed and operated by Operator Bi23, at 15:00 (UTC+8) on June 16.

Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. CGLD (Celo Gold) is a utility and governance asset for the Celo community, which has a fixed supply and variable value. With CGLD, you can help shape the direction of the Celo Platform.

Mining Range

Note:

The ratio of VX rewards from buys versus sells is capped. When the ratio hits the cap, if one continues to place buy orders, their VX rewards will NOT be increased.

The ratio of VX rewards from sells versus buys is also capped. When the ratio hits the cap, if one continues to place sell orders, their VX rewards will NOT be increased.

Example

Suppose that the USDT market has only CGLD/USDT trading pair and all orders are placed for 24 hours, a total of 250 VX will be allocated as mining rewards. Consider five scenarios as follows:

The mining calculation is conducted as follows:

The Base Number of 1 user on one market in a day = the sum of all Base Numbers of every single order of that market. Here, the Base Number (m) is subject to three factors: the order time (T), the order amount (A), and the mining coefficient (y). That is, m = T * A * y (T ≥ 300 seconds)

The sum of the Base Number on one market in a day = the sum of the Base Numbers of all eligible orders on that day. That is, M = m1+ m2 + m3 + .....mn
Mined VX of 1 user = m / M * 2.5% * VX daily released amount on that day

Links:
ViteX website：https://vitex.net/
Vite APP Download：https://app.vite.net/
Twitter：https : //twitter.com/ViteXExchange
Telegram：https : //t.me/vitexexchange

Jun 15, 2020

Team ViteX

ViteX, developed by Vite Labs, is the world's first DAG-based decentralized exchange.
ViteX Coin, VX, is the coin native to the ViteX platform. It is mined exclusively by the ViteX community and is used to allocate rewards back to the community.

VX holders receive daily dividends, in BTC, ETH, and USDT, from a shared dividend pool which aggregates trading & listing fees accumulated by ViteX and redistributes them back to VX holders. As of June 1 2020, ViteX has distributed a total of 60 BTC in dividends to its shareholders (VX holders).

For safety reasons, ViteX account can only be created through the mobile Vite App, but trading is accessible through both Vite mobile client and web client.

About Vite App

Vite App, available in both iOS and Android, is a one-stop crypto assets management and trading tool. It has both a built-in open-source cross-chain multi-currency wallet, and a built-in decentralized exchange ViteX with platform coin VX mining capabilities.
Vite App allows secure and easy management of assets, fast trading, and convenient mining with simply one set of mnemonic phrases.

Download Vite App: https://app.vite.net
Web ViteX: https://x.vite.net/

Using the App

There is no transaction fee in Vite network. However, sending transactions consumes quotas. Low frequency users can obtain quota by calculating a hash. Currently, computational power is provided by Vite Labs. Users just need to wait for a few seconds for the transaction to be processed. For high frequency users, like exchange users, the waiting period could be long. It is recommended to stake VITE and acquire quota, which will allow immediate transactions. Please refer to the following articles on how to set up your Vite account, stake for quota, and sign up for ViteX account.

Set Up Vite App:
https://forum.vite.net/topic/3871/how-to-set-up-vite-app

Create ViteX Account:
https://forum.vite.net/topic/3870/how-to-create-and-login-to-vitex-account?_=1590126280694

To meet professional trading demand, ViteX is releasing official API to provide access to markets and real-time trading services for quantitative trading teams, projects, and individuals with such requests. Interested users can self-apply through the web exchange trading page, and follow the instructions to properly acquire an API private key.

Note:

• In order to secure your assets and trades, please use only reliable API client. Trading client provided by a third-party can be subject to potential risks.

• Please Delete the API if the associated Secret is exposed or forgotten and re-apply for a new API.

• Upon completing the following steps, view API Documentation for further support.

Step 1

Login to web exchange account and go to the trading page; under “More” select API.

Step 2

Create API

Note:

• You will not be able to create an API if your VITE balance is less than 1,000.

• One set of API Key and Secret is allowed for one address at any given time.

• To avoid asset loss, Do Not disclose your Access Key and Secret.

• The default API package is set with the free base package at 10 transactions per minute, you may upgrade to packages with higher triggers at any time.

Step 3

Your Key and Secret will show up on the screen if the API is successfully created.

The Secret key will be displayed only once and cannot be retrieved if lost, please keep it properly.

Note:

• To avoid asset loss, Do Not disclose your Access Key and Secret Key.

• In cases of lost secret key, Delete the current API and Re-Apply for a new one.

Step 4

Authorize delegation of desired trading pairs. You may add or cancel delegations at any time.

Step 5

Stake for the delegation address to acquire quota. Staking is retrievable 3 days after submission.

Step 6

Upgrade to desired packages based on your trading demand.

Available Package Options

Important:
Please Delete the API if the associated Secret is exposed or forgotten.

Note:
The current API will no longer be accessible once deleted. Existing package will be retained and re-activated upon creation of a new API Key.

Refer to API Documentation for additional support.

Feel free to contact us if you have recommendations, feedbacks, or other requests with the API.

Links:
ViteX website：https://vitex.net/
Vite APP Download：https://app.vite.net/
Twitter：https : //twitter.com/ViteXExchange
Telegram：https : //t.me/vitexexchange

Users can request referral codes to invite friends to ViteX.

• Requesting a referral code will cost 1,000 VITE, of which 100% will be burned.

• Inviter will be rewarded with 5% of all invitees’ trading as mining proceeds and 2.5% of their market-making as mining proceeds.

• Invitees will enjoy 10% off platform trading fees and receive an extra 2.5% of trading rewards and an extra 1.25% of market-making rewards.

• Make sure your exchange account has sufficient balance before applying.

Note: If you are a ViteX VIP (users who have staked 10,000 VITE to obtain a 50% reduction in trading fees) AND joined ViteX via referral code, your 10% discount will be applied after the reduction.

To get a referral code:

On Mobile Devices

1. Login to Vite App, go to Account and click Refer for mining

2. Click Generate Invitation Code

3. Confirm payment
   Note that you must have 1,000 VITE in your exchange account to proceed the payment

On Web Exchange

1. Login to ViteX account; on the trading page, select Invite Friends under Use Referral Code

2. Confirm payment on the pop-up window

To use a referral code:

On Mobile Devices

1. Login to Vite App, go to Account and click Refer for mining

2. On the next page, select Accept Invitation

3. Put in the referral code or scan the referral QR code, then click Confirm

On Web Exchange

1. Login to ViteX account; on the trading page, click Use Referral Code

2. Confirm using referral code on the pop-up window

1. Download Vite App

• Vite App is available for both iOS and Android: https://app.vite.net

2. Create an Account

• Click Create Account. Fill in the account name, password and other information, and click Agree to Terms of Use. Click Create to enter the next step.

• Read the backup instructions carefully. You can choose to back up the mnemonic phrases immediately or later.

• Please use our recommended back up method, confirm that the mnemonic has been backed up, then click Backed up to enter the next step.

• On the confirmation page, type your mnemonic phrases in the correct order. Click Done to create the account.

3. Sending On-Chain Transactions & Switching Addresses

• Select a coin/token on the homepage and click to enter the details page (e.g VITE).

• On the current page, you can click the address above to switch to other addresses. One account can support up to 10 VITE addresses.

• Click Receive to enter into the receiving page. Your friend can use Vite app to scan the QR code on the page to send transactions to you.

• Click Send to enter the sending page. Enter address, amount, comments to send a transaction. After completing this information, click Send.

4. Get Quota

• There is no transaction fee in Vite network. However, users need to consume quotas to send transactions. Low frequency users can obtain quota by calculating a hash. Currently, the computational power is provided by Vite Labs. Users just need to wait for a few seconds for the transaction to be processed. For high frequency users, the waiting period could be long. So staking VITE to get quota allows them to send transactions immediately.

• Select VITE on the wallet homepage to enter the VITE details page. On the current page, you can see the VITE amount that has been staked and the currently available quota.

• Click Get Quota to enter the staking page. You need to enter the address and the staking amount to obtain quotas.

• On the Get Quota page, click Staking List on the upper right corner to view your staked VITE. You can check your staking history and retrieve your staked VITE on this page. The current minimum staking period is 3 days.