Description

For Valentine's day, we have a new campaign to show your love for Vite! Design a V-Day (Vite-Day!) themed profile image and sent it on Twitter. Winners will receive VCP for Vite merchandise.

Our International Vite Store is formally launched.
https://global.vite.store

Rules

• Create a Vite and Valentine themed image - must include the Vite logo somewhere.
• This campaign is valid from now to UTC Feb 15 12:00 pm.
• Must use $vite and #sweetvite when sending out the tweet. Feel free to use any additional hashtag.
• Must also upload the themed image to this forum threshold (reply to this threshold).
• Limit of 1 submission per account.
• Feel free to use Vite logo resource provided here: https://drive.google.com/drive/folders/1bFRO0fTfoqyaQzFSlFt1DEaj3-7Y_1CA?usp=sharing
• Must fill out this form to get rewards: https://goo.gl/forms/tEUjDRIBuzdOFucf2
• Submissions will be judged by the Vite Team as well as by community administrators. Judgment will be based on creativity and overall design.

Rewards

• The top 3 images will receive awards of 50,000 VCP respectively.
• The remaining top 10 participants will receive awards of 20,000 VCP each.
• All remaining participants will receive awards of 5,000 VCP each.

Permissions

Entrants assert that they either own or have the rights to use all content used in their designs. Entrants using third-party material (i.e. material not owned by entrant) must have received explicit permission from the owner to use these materials. The task of determining if material is or is not protected by copyright, trademark, rights of privacy, publicity, or any other proprietary rights rests on the entrants. The entrant bears sole liability for any damage that results from any infringement of copyrights or proprietary rights.

In addition, entrants grant the Vite Labs free, perpetual, irrevocable, non-exclusive right and license to the images.

Vite Labs reserves the right of interpretation for the campaign.

Trade VITE Tokens on Bittrex :]

New Exchange Listing | 15 January 2019

Bittrex International is a leading cryptocurrency exchange based in the United States. As of January 15th at 9:30 AM PST, VITE is confirmed for listing on this trading platform. Bittrex is renowned for its daily trading volume, reputation for security and focus on regulatory compliance.

YEAR IN REVIEW | May 2018 to Crypto Winter

In mid-2018, Vite Labs closed funding through institutional capital without conducting a public crowd sale (ICO). Within six months, we built a team of 40 people in Beijing, Sunnyvale and San Francisco. We never outsourced talent and conducted no cosmetic marketing; our team insisted on doing the right thing and, this is attitude of honesty and humility is paying off.

2018 was marked by speculative projects and investments, culminating in the recent bear market which we know as Crypto Winter. Bear markets are good for solid companies with sound technologies; we treat market volatility, including downturns in the overall blockchain industry, as positive moments in which mediocrity and hype are decimated.

https://www.vite.org/whitepaper/vite_en.pdf

TECHNOLOGY | Full Set of Products, Not Just One

We have a decentralized ecosystem of blockchain solutions: a web wallet, iOS and Android wallets, decentralized exchange (DEX), online store powered by VITE, payment infrastructure without time lags nor fees, point of sale (POS) solution for merchants, smart contracts, one-click token issuance and a platform for decentralized applications (dApp).

Our Test Net officially launched in November of 2018 and we expect our Main Net significantly ahead of schedule. Overall, our product team expedited the technical roadmap by an entire year.

As a Directed Acyclic Graph (DAG) and Delegated Proof of Stake (DPOS) based blockchain, we had to address known security issues of DAG. Consequently, we invented the Snapshot Chain which is an overall ledger of all chains at the Local Consensus level (smart contracts and individual accounts) that maintains Global Consensus regardless of vulnerabilities within each smart contract and account.

2019 GOAL | Socially-Meaningful Use Cases

We focus on public sector and academic demographics because they control policy and education. It is commonly known that blockchain is applicable to enterprise use cases, particularly payment solutions, but we believe in serving a larger cause for mass adoption.

By educating and assisting governments, specifically for blockchain adoption and investment, we hope to accelerate mass adoption on a socially meaningful level.

By training and resourcing academics, particularly students and professors, we hope to create newly minted developers and curricula for blockchain mass adoption.

Our partnership with the City of Syracuse Innovation Office, through Startup-In-Residence, is a manifestation of our belief in proving social use cases. We are exploring the utility of blockchain in creating a peer to peer micro loan platform to connect low income renters with people willing to provide short term loans without interest, for security deposits and other emergency housing funds. We are among 40 companies selected from 700 to work with 22 governments.

https://startupinresidence.org/

CONNECT WITH US!

Official: https://www.vite.org/

Telegram:

• English: https://t.me/vite_en
• Chinese（中文）: https://t.me/vite_zh
• Russian: https://t.me/vite_russia
• Korean: https://t.me/vite_korean
• Vietnamese: https://t.me/vite_vietnamese
• Thai: https://t.me/vite_thailand

Twitter：https://twitter.com/vitelabs

Discord：https://discordapp.com/invite/CsVY76q

Reddit：https://www.reddit.com/r/vitelabs/

Vite Forum：https://forum.vite.net

Introduction

Within a week of launching the Vite TestNet, we added around 30 SBPs. Thank you all for your participation!

In order to further motivate SBPs to develop their own ecosystem, and reduce the challenges in operating a SBP, we are releasing an SBP ecosystem incentive plan, which consists of three parts: Cost Reduction, Resource Sharing, and Additional Rewards.

Cost Reduction

Lower requirement for server configuration. After recent tests of SBP operations, we are adjusting our recommendation for server configuration. We deem that the previous configuration of 8-core 16G RAM is no longer necessary. We have found that, a server with 4-core 8G RAM is able to run stably.

The requirement of 100M bandwidth has also been updated. It is currently recommended that the SBP can be based on dynamic bandwidth. In terms of future stress test, there may be an increase in traffic. You will be notified to prepare for any bandwidth.

Resource Sharing

To help SBPs grow, Vite Labs will provide assistance in the following manner:

Additional Rewards

Additional rewards will be provided on a weekly and monthly basis. And ranking of contributions will also be released for SBPs that are helpful to the community.

Weekly rewards. We will provide rewards for marketing of Vite, growth of its community and development of the ecosystem. We will be accepting submissions for proposals of contribution ideas to the Vite Foundation. If approved, you will receive double one full week’s worth of block-producing rewards (see our Medium post for an explanation). We will showcase both your proposal and your reward to the entire Vite community.

Monthly rewards. In addition, every month, we will select the top TWO entries from all approved projects. These projects will each receive an additional reward equivalent to their block producing reward in that month.

Ranking of contribution. We will also reward points to approved projects. Rankings of points received by projects will be posted to all communities, and approved projects will be announced on the official website. Initially, the awarding of points will be judged by Vite Labs. In the future, such responsibility will be handed off to the community.

Below see more details of what proposals will be accepted, a schedule for rewards releases, and details for launching the additional rewards program.

Submissions of Proposals

The above SBP community building incentive plan is only open for the SBPs that have submitted an application form through vite.org, and whose SBPs are currently in operation. If no SBP application has been submitted, or the SBP is not currently running, please complete those requirements prior to submitting a proposal. After the requirements have been fulfilled, contact the Vite Foundation through the email noted on the application form.

There will be a sponsorship function open on the SBP website. Each SBP will need to submit an address in order to receive tokens. Everyone in the community is encouraged to endorse to all SBPs.

Rewards Schedule

SBPs will have the opportunity to submit their community building proposal to the Vite Forum by 11:59pm of every Wednesday. The result will be announced every Friday. On the first day of the second week, the calculation of the doubled rewards will last for seven days. Such rewards will be released on Monday of the third week of the month.

Projects approved will be posted on the SBP webpage. The corresponding SBP credits will be added according to the type of contribution.

Rewards will go directly to the beneficiary address of the SBPs. (Proposals can be submitted in advance, or it can be submitted afterwards. However, credit will be reduced if the submitted proposal is not executed)

Every month, we will select the top TWO entries from all approved projects. These projects will each receive an additional reward equivalent to their block producing rewards in that month.

Launch of Additional Rewards

The 1st proposal will start on the week of December 17. SBPs have to submit proposals to Vite Forum before December 19.

Please make sure that the subject of your post follows this format:
Title: [SBP Proposal] [SBP Name] — [Proposal Date] — [Headline of Proposal]
(Example: [SBP Proposal] Vite_SBP02 — Dec 13, 2018 — How to grow Vite community in Southeast Asia)

Content: Photos + words. Please briefly describe the project. The project may be a future project, an ongoing effort, or something that you already completed. In addition, please also describe why your project offers unique and significant value to the Vite ecosystem. If it is a long-term project, please highlight the roadmap and past milestones.

Disclaimer

The reward program only lives in the Vite TestNet. There may be revisions to the rules in the future. Vite Labs reserves the right of final interpretation of the rules.