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Vite Write-up Campaign, Vol. 2

About Our New Products and Announced Use Cases

Vite Labs is excited to know more about YOUR opinion on Vite’s recent development. We are looking for write-ups in our forum that contain profound perspectives in two areas:

1. Vite products that were released in the last few months (For example, this includes new features in our wallet). Note: this is no longer about experiencing basic functions in the wallet, as was the subject of many articles entitled “My TestNet experience” for the last campaign.
2. Vite use cases that have been announced. This includes partnerships as well as projects we are building internally.

We intentionally did not enumerate specific examples for the above two items. You would find them for yourselves on our forum, Medium and Twitter.

Here are the guidelines to follow for this campaign!

Timeline: February 20 — March 20

Rules:

1. To participate in the Vite forum discussion, you must have a Vite address.
2. The type of submissions Vite Labs will be accepting are individual post submissions in a paragraph format. Comments will NOT be rewarded.
3. Each post submission MUST use #insightvite
4. Remember: the topic of discussion is on Vite products and use cases.
5. An eligible entry must be over 1 paragraph in length and show solid effort in its creation.
6. Users can post multiple submissions as long as a NEW feature or product is being discussed each time.
7. Posts and responses will be DILIGENTLY graded and judged by the quality of the writing, thoroughness of explanation, and insightfulness.
8. No reward will be given for spam posts or to text with no relevance to the topic of discussion.
9. Users are also encouraged to discuss products or features that are launched in midst of this campaign.
10. Entries will be judged on a rolling basis, and rewards will be distributed on a weekly basis.
11. All rights are reserved by Vite Labs.

Rewards:

• Each quality post submission with a mention of a Vite product/feature use case will be rewarded 300 VITE.
• The MOST INSIGHTFUL post submission and topic on the Vite forum will receive 2,000 VITE.

Best of Luck! 

How To Add Your Wallet Address:

1. Click on your profile icon at the upper right-hand corner of the Vite Forum page.

2. On the left of your profile page, there should be an option listed as “Bind VITE address”.

3. Make sure to copy the text designating your Vite wallet address, not your QR code.

4. Spread the word about this new campaign and emphasize the collaborative nature of the new Vite forum!

Have Your Friends Join All The Fun Here:

Official Address of Vite Forum: https://forum.vite.net/

Or scan this QR Code:

Download the Vite Wallet here:

• Android and iOS: app.vite.net, or search for “Vite” in the applicable app store
• Web: https://wallet.vite.net
• Desktop: https://www.vite.net/

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

Vite Forum：https://forum.vite.net

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/

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Vite Bi-Weekly Report

Nov 1–15, 2018

System Development

• Completed development and testing of mnemonics system. Full nodes now support the HD wallet
• POW computing tool function is now live after testing. Regular users may freely obtain quota after doing POW
• Completed development of command-line interface. Currently drafting relevant help docs
• TestNet went live Nov 9. Completed integrated testing and doc writing prior to launch of TestNet 1.0.0
• Upgraded the block explorer, Vite pay, and Vite Store as part of the launch of TestNet 1.0.0
• Launched preview version of Web (version 1.1.0)
• Launched desktop wallet (1.1.0)
• Implemented features of quota retrieval and SBP voting in iOS App 1.1.0, about to submit to iOS App Store for publication
• Launched Block Explorer 1.0.0, with SBP display page and feature optimization
• Developed settlement function for voting
• Designed and developed reward allocation for SBPs
• Developed (and currently testing) ability to convert ERC20 tokens onto the Vite network

Ecosystem Development

• Our TestNet 1.0.0 launched on Nov 9. There are two types of nodes: SBPs (aka Supernodes) and full nodes.
• SBPs can be further categorized as top-25 SBPs and SBP candidates.
• Full nodes can be further categorized as Full-Data Nodes and Full-Function Nodes.
• There are three types of Full-Function Nodes: Full Nodes with API capabilities, Full Nodes that support POW calculations on GPUs, and Full Nodes with Data Resolution.
• Here is a list of live products and services: Web wallet, iOS wallet, Vite Pay, Vite Store, Block Explorer. We are developing other services such as voting rewards and ERC20 conversion gateway.

An Update of the TestNet Incentive Program

[Rewards Policy] The TestNet Incentive Plan has been updated. The SBP reward of 30 million VITE tokens per year will be divided into two parts. 50% of rewards will be based on the number of blocks created, another 50% rewards will be based on the number of votes received. In addition to the top 25 SBPs, the following 75 candidate nodes may also receive rewards under this update. The Vite SBP Node Operation Guide has also been launched.

[How to apply] Please visit vite.org for more information. Five candidates have passed the preliminary review.

[Operation Guide] Please visit vite.org for more information about operating a SBP.

Community Building

[Overseas Design Competition] The final result of ‘Vite Fans Design Competition’ will be announced on November 11th. The T-shirt designs of the first and fourth place will be available on Vite Store soon.

[iOS APP alpha testing] From November 8th to 15th, a hundred community members will be invited to the Vite iOS APP alpha testing. Meanwhile, a special reward of 5000VCP will be made for those who report any bug later verified by our engineers.

Activities

• From November 1st to 4th, Vite Labs was invited to attend the 14th Beijing International Finance Expo and showcased its DAG-based blockchain technology.
• On Nov 12th, Director of Business Development Chris attended the Scaling Blockchain conference in San Francisco.
• On Nov 14th, our US team hosted and shared with the developments of blockchain technology to the Swiss representatives who came from UBS, SAP and international insurance companies.

• CoinVoice published its interview with Charles Liu, CEO of Vite. During the 90 minutes interview, Liu shared his understanding of the blockchain industry and discussed how to win in this competitive field.

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We are launching a Bittrex campaign for VITE fans! You will be rewarded VITE native coins for buying VITE tokens on Bittrex and converting them into our TestNet (this is similar to, but different from, another conversion campaign). As you may know, the VITE native coins will become liquid for trading as soon as our DEX (ViteX) launches. More details on ViteX will be released on our forum shortly.

Background

As of Jan 15, 2019, VITE ERC20 Tokens were listed on the premier exchange Bittrex! The exchange is well-known for rigorously screening coins for listing, and setting standards for integrity in trading volumes.

Details

1. You need to register on https://international.bittrex.com/ and purchase a certain amount of VITE tokens.
2. Log into your web wallet, and withdraw the VITE tokens to the ETH address as indicated on the VITE conversion page in your web wallet.
3. Convert the VITE tokens into VITE native tokens on our TestNet. Further instructions for steps 2 and 3 can be found here.
4. Complete Google form below to officially enter this campaign.
5. The Campaign will run from March 1 to March 31, 2019.

Google form:

https://docs.google.com/forms/d/e/1FAIpQLScentpJycV2s9OVtJ-ReqJBHEEezF7O1VPQz_vNbC4oiAjtdw/viewform

Rewards

• If your total eligible conversion is between 10,000 and 1,000,000 VITE (inclusive), you will receive 0.65% of your conversion as bonus
• If your total eligible conversion is more than 1,000,000 VITE, you will receive 1.15% of your conversion as bonus

Additional Notes

1. You may participate as many times as you’d like. Make sure to complete the Google form for each time you participate.
2. The bonus coins will be distributed on a weekly basis.
3. Note that another token conversion campaign is running simultaneously. You will only be rewarded by one of these two campaigns. If you complete the Google form for the Bittrex conversion campaign, you will be rewarded according to the bonus chart above.
4. Conversion of VITE tokens purchased prior to this campaign will not qualify for this campaign. However, they will qualify for the other token conversion campaign mentioned above.
5. All rights reserved by Vite Labs.

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

Vite Forum：https://forum.vite.net

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/

We will be having regularly scheduled AMAs via Telegram or YouTube. Please leave your questions in this thread!

@plasmo where can we find 10 more fans like you?

Vite Labs is aware of the instability in block creation by SBPs in the last few days. Initial investigation shows that this is caused by anomalies in the transaction data syncing process between nodes. Our engineering team is conducting further analyses.

In relation to this matter, we would like to mention a few points:

First, restarting the SBP server may solve the problem (indeed this already has done so for some). If this doesn’t work, please state as such in a reply to this post.

Second, please pay attention to the notification section of the block explorer and the forum. Any necessary upgrade to solve the block creation problem will be announced in these channels.

Thank you.

On April 9, we will host a live AMA session on Telegram.

The time will be decided from our Twitter poll: https://twitter.com/vitelabs/status/1247237360900657152

If you cannot participate in that AMA, you may ask your questions in this forum thread. And we will answer them after the live AMA session.

Take care of yourselves!

Actually I will settle for just 2 more. Just tell me where to find'em

Vite Labs Leadership AMA (Dec 9, 2020, 16:30 UTC) - Post your questions here!

This will be a video livestream, and as a thank-you for the holidays, we will send rewards to the best 5 questions!

Each winner gets:

• 500 VITE
• 10,000 VCP
• Vite hoodie, baseball cap, and mug

You may ask your question during the livestream or in this thread.

Please note: We will only answer thoughtful questions that are clearly raised by community members, and not from bounty hunters.

DECLARATION OF CANDIDACY

Name:
Richard Yan

Discord username:
yanl1984

Telegram username:
yanl1984

How long you've been with Vite community:
Since the beginning of Vite

Why you are interested in becoming a member of the Vite Developer Committee:
To help the committee succeed as a long-time Vite "insider"

What contribution you will be able to bring to this committee:
To help decide what projects are meaningful for expanding the Vite ecosystem and whether proposals are technically feasible. And to help budget allocation for projects.

Other information about you (Optional, such as example ideas of new projects to build on Vite, or your past involvement in tech):
I get lots of new ideas from the blockchain ecosystem from my podcast: twitter.com/blockdebate

One idea: Vite vanity address would be a great community project.

Each candidate running to become a member of the Committee must declare their candidacy here, by writing a post to explain their qualifications.

The election is open to our entire community. To ensure fairness in the voting process, the votes will be submitted via a form that requests the voter's social media handles.

Here is a template for the Declaration of Candidacy:

DECLARATION OF CANDIDACY

Name:

Discord username:

Telegram username:

How long you've been with Vite community:

Why you are interested in becoming a member of the Vite Developer Committee:

What contribution you will be able to bring to this committee:

Other information about you (Optional, such as example ideas of new projects to build on Vite, or your past involvement in tech):

We are creating a community-run Vite Developer Committee (“The Committee”) that will oversee the proposal, development, and reward of new projects on the Vite chain. Funding for project developers will be provided by Vite Labs.

The initial candidate pool of the Committee consists of community members to be invited directly by Vite Labs. These individuals include SBP owners, gateway operators, community managers, other long-time community members, and a few Members from Vite Labs.

A meeting with all the aforementioned candidates will be held, where we will discuss the rules and processes outlined in this document, suggestions for efficiently and effectively running the Committee, and ideas for Developer Bounties.

More details:
https://medium.com/vitelabs/announcing-the-vite-developer-committee-fb617282e0ce

@VISHANT-KUMAR

To list VX anywhere, the project needs to get the proper legal opinion for the right jurisdiction. That legal opinion can be quite expensive depending on the jurisdiction.

SyraCoin pilot has been successfully completed. We have had a marathon of a conversation with the New York state on getting their applications on Vite chain. The process has obviously been extremely slow, to the frustration to my team and me.

Fiat gateway - we found one entity that serves many exchanges and offers very reasonable commercial terms. Our engineering director is discussing implementation details with them

@karl637 The dividend pool was reduced in BTC terms partially due to the increase in BTC/USD. Remember, the trading fees are not always remitted as BTC.

@RedTrain

Great question. One diff b/w ViteX and Binance is that trading on ViteX gets you VX, from which you get distributions. This is a big difference with many exchanges out there.

But let me talk this over with the team and see if there's anything we can do. I will follow up on this point, perhaps in the summary of the AMA, to be posted in the forum.

@hassan

Listings of new coins, and planned listing of VX on other exchanges.

LanceLiu said:

what's the progress of vitex gateway 2.0? What's the plan of it?

Please check our roadmap for this. The whitepaper will be done in Q4.

@LanceLiu

This is not currently on our radar. But we have been adding various kinds of stablecoins over time. So this could make it into our queue