Best posts made by vitelabs2022
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Vite Write-up Campaign, Vol. 2
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:
- 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.
- 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:
- To participate in the Vite forum discussion, you must have a Vite address.
- The type of submissions Vite Labs will be accepting are individual post submissions in a paragraph format. Comments will NOT be rewarded.
- Each post submission MUST use #insightvite
- Remember: the topic of discussion is on Vite products and use cases.
- An eligible entry must be over 1 paragraph in length and show solid effort in its creation.
- Users can post multiple submissions as long as a NEW feature or product is being discussed each time.
- Posts and responses will be DILIGENTLY graded and judged by the quality of the writing, thoroughness of explanation, and insightfulness.
- No reward will be given for spam posts or to text with no relevance to the topic of discussion.
- Users are also encouraged to discuss products or features that are launched in midst of this campaign.
- Entries will be judged on a rolling basis, and rewards will be distributed on a weekly basis.
- 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
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Vite Bi-Weekly Report - Nov 1-15, 2018
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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Bittrex Trading Campaign - Buy VITE on Bittrex to earn more VITE!
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
- You need to register on https://international.bittrex.com/ and purchase a certain amount of VITE tokens.
- 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.
- Convert the VITE tokens into VITE native tokens on our TestNet. Further instructions for steps 2 and 3 can be found here.
- Complete Google form below to officially enter this campaign.
- 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
- You may participate as many times as you’d like. Make sure to complete the Google form for each time you participate.
- The bonus coins will be distributed on a weekly basis.
- 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.
- 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.
- All rights reserved by Vite Labs.
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
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Vite Labs Leadership AMA (May 21, 2020) - Leave your questions here!
We will be having regularly scheduled AMAs via Telegram or YouTube. Please leave your questions in this thread!
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SBP Block Creation Issues on Feb 8 and 9 (Beijing time)
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.
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Vite Labs Leadership April 2020 AMA
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!
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RE: Vite Labs is holding a conversion campaign, and if you migrate VITE ERC20 tokens to Vite TestNet, Vite Labs will airdrop 1% of your total converted tokens to your address.
Actually I will settle for just 2 more. Just tell me where to find'em
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Vite Developer Committee
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 -
RE: Vite Labs Leadership AMA (May 21, 2020) - Leave your questions here!
Transcript of AMA by Richard Yan, COO of Vite in VITE English Telegram Group on May 21, 2020
Richard Yan (Vite Co-founder & COO)
Hey all! I'm here now.Richard Yan (Vite Co-founder & COO)
Happy to answer any questions you have.Richard Yan (Vite Co-founder & COO)
I see posting in the forum. So let me answer questions there first.--
SwissVite SBP
What is the state of the Vitelabs finances with the COVID episode, are you working on a new funding round?Richard Yan (Vite Co-founder & COO)
We are not actively working on a funding round. The Covid situation only prevented team members from returning to the office for work at the beginning of the year. But that situation has been ameliorated, as lockdowns have been gradually lifted. We are conscientious in managing our treasury and still allocating almost all expenses to R&D.
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Makesushi
Firstly Thank you for taking the time to do this Richard, I really appreciate it.These are a few things i have noticed that could be improved:
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I have noticed admins have to tell many users that the comment section is where to write the memo for binance it would save admins a lot of time if we just called comment => memo when sending vite or write both like this “Comment/memo” on sending transactions that way new users will not have that question as much and admins can focus on more important issues.
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Seems like very little of the crypto community knows about vite/vx. What marketing is vite/vitex doing? And can you do more marketing? Are you planing any big marketing pushes?
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My marketing recommendation is to pay 10 crypto youtubers to cover vite and vx and the passive income and fast free transactions, it will cost about 2500$ each and with that 25000$ you will have videos that will reach hundreds of thousands of people and will continue to get exposure for years to come, because youtube videos live for ever.
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Referral code should be free or at most 1 vite, pricing it at 1000 vite so people can share your website is crazy, its making it difficult to grow. You want people to get a free referral code and when they do they will talk about vite/vitex and promote you. No other crypto project or general website charges to make a referral code. I understand that some people have paid 1000 vite to get these but its in the greater interest of vite/vitex to make these free, i recommend refunding 1000vite to those that paid and making it free.
Richard Yan (Vite Co-founder & COO)
[In reply to Makesushi]
Let me take a look at these questions
On #1 - If I understand correctly, you are saying the "comment" in the Vite wallet's send screen should be relabeled "comment/memo" or "memo." Correct? I think this makes sense. Let me check with our design teamOn #2 - We've done multiple types of marketing tactics in the past, but found them not to be cost-effective. These tactics included: Articles on Forbes and Distributed magazine via PR firms, campaigns in bitcointalk, sponsorships of meetups, ads on social media platforms.
Instead, what we found to be the most cost-effective is onboarding new coins, attracting members from communities of those coins, and letting the product do the talking.
Indeed, our ranking soared to #1 at one point on coingecko just about a week ago.
We're in the midst of a slow period for altcoins. So what you are observing may be just that effect
#3 - yes we also did youtube videos, but again, the cost-effectiveness doesn't seem to be there. We had videos with many top KOLs (boxmining, cryptolark, etc). We do still have a few that we work with actively. Blockchainbrad, for example. We might do another video with him again soon.
#4 - we can consider lowering the threshold for referrals, good suggestion.
Ok your feature requests are noted. Will check with our product team
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Lee Jose
Is there a plan to make the VX as stablecoin?Richard Yan (Vite Co-founder & COO)
[In reply to Lee Jose]
We have interest in creating a stablecoin on the Vite network. This requires working with a trust to integrate on the Vite network. And there is a negotiation process involved, which is a bit slow now.VX can't be a stablecoin because that was not the intention of the coin.
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super
My questions are:- What are you (VITE labs) currently working on ?
- I talked a while ago about the SVIP pricing. My opinion is that it's way too much for this feature. A SVIP is equivalent to an SBP, i think it should be way lower to bring more traders that want to have 0% base transaction fee. Do you agree?
Richard Yan (Vite Co-founder & COO)
[In reply to super]-
ViteX liquidity bootstrapping, Vite Labs gateway coin selection, integration and maintenance. ViteX operator onboarding - a new Russian operator just joined (Chain Hedge). Vite.org website facelift. Re-structuring of ViteX gateway tech for third party use. ViteX API release after major code refactoring. And a few other things as in our biweekly reports.
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We need to an analysis on this, to see if this makes sense. Thanks for raising this
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said leee
I want to know news about the defiRichard Yan (Vite Co-founder & COO)
[In reply to said leee]
The DeFi security issue is serious. tBTC shut down two days after rollout due to a bug problem. So we are moving cautiously here. After much deliberation, right now our focus is on other items.--
Bigmopap
How is everyone on the team? Are they all in good health? What you guys are doing is innovative and alot of crypto projects do not come close. Especially with the all inclusive vite wallet. Which has a dex, multi chain deposits and withdrawals, staking and much more. How do we get more people exposed to the vitelabs project and vite wallet.Richard Yan (Vite Co-founder & COO)
[In reply to Bigmopap]
I elaborated on our cost-effective marketing philosophy a bit earlier.In addition, we have a podcast - which all of you should follow
知乎:https://zhuanlan.zhihu.com/p/135365763币乎:https://bihu.com/article/1272263024
CSDN:https://blog.csdn.net/weixin_45235748/article/details/105713686
微信:https://mp.weixin.qq.com/s/KVva_FXG6c42xMXumSsvjA
微博:https://weibo.com/6572727462/IEFJzsysO
支点:https://www.zdpvt.com/pc/p/5ea1693d6e7c9572b0f86b96
链节点:https://www.chainnode.com/post/424374
比特财经网:https://bi8.btcmoney.cc/group/topic/id/424213.html
链闻:https://www.chainnews.com/articles/906006848814.htm
币快报:https://www.beekuaibao.com/article/702950937335934976币看:https://bitkan.com/zh/ksite/articles/88504
币乎:https://bihu.com/article/1272263024
简书:https://www.jianshu.com/p/a0b59bc9d902
金色财经:https://www.jinse.com/blockchain/641190.html
火星财经:https://news.huoxing24.com/20200424113623043709.html
链向:https://www.chainfor.com/news/show/110241.html
币世界:http://i.bishijie.com/detail/926254
twitter.com/blockdebate
We have stepped up on outputting articles - both telling the Vite story (our products, tech) and sharing our thoughts on the industryMake sure to follow our Medium
Our leaders are also more active on twitter. Make sure to follow twitter.com/gentso09
Also twitter.com/chunming_liu
twitter.com/soliuryThis is our way of building connection with industry thought leaders and learning from the best. Co-founder of Hyperledger now follows our Medium and our Twitter as a result of the podcast effort. A few other thinkers in the space started following ViteX
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Daniel
Can't find any paid advertising, Pr or marketing about Vite or VitexRichard Yan (Vite Co-founder & COO)
[In reply to Daniel]
We recruited in-house marketing professionals. We spent money on various China media: Here's an example of a tech article that went out to many Chinese outlets:These outlets are quite cost-effective. As mentioned earlier, we tried western media, but the ROI is weak.
Our customer acquisition strategy is still mostly in ViteX and multi-chain wallet.
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Modеrn
Can Vite do community voting for coin listing? For the community to decide which coin to add ViteRichard Yan (Vite Co-founder & COO)
[In reply to Modеrn]
That's a fine idea. The challenge now is the shortage of great coins to be listed, because of conflicting qualities we seek in these coins. We need coins that have a strong community, but simultaneously haven't been picked up by a major exchange. Also, importantly, we need the target coin operator to be willing to co-market the listing (this is not always easy).We thought about making a list of coins that the community can vote on, but that list isn't very long to begin with.
We do still find great coins from time to time, however. There is a major one being worked on now.
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said leee
we want to know any new plans you have for development vite ecosystemRichard Yan (Vite Co-founder & COO)
[In reply to said leee]
Due to circumstances, some features or products will take priority over others.Aside from software development, we are now focusing a lot of time producing content to better tell our story and share our insights on the industry. It's our cost-effective, content-marketing strategy, if you will.
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Yoh Wah
[In reply to Richard Yan (Vite Co-founder & COO)]
True,I know about vite/vitex bcause of this and regular airdrops program is also helpful imoRichard Yan (Vite Co-founder & COO)
[In reply to Yoh Wah]
A Vite two-year anniversary rewards campaign is coming. So stay tuned for that!--
Modеrn
China is a huge market. We also did English media in the past, but the return-on-investment is rather low.Richard Yan (Vite Co-founder & COO)
[In reply to Modеrn]
China is a huge market. We also did English media in the past, but the return-on-investment is rather low.Our English media presence can be found in:
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Our various social media channels
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Our medium
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And lately, our podcast: twitter.com/blockdebate
(I know I'm repeating myself - but you should follow :))
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Sonic Alex| Epiccash ViteX fan
[In reply to Richard Yan (Vite Co-founder & COO)]
If Western ROI is weak, how will you improve it?Richard Yan (Vite Co-founder & COO)
[In reply to Sonic Alex| Epiccash ViteX fan]
With in-house media channels as mentioned above.
Many of our podcast episodes gets 500-1000 downloads, and the tweet from the debaters gets many impressions. This is part of the marketing strategy.--
Daniel
We have a team working on this. Christy, Zack, Chris, me, Isda and othersRichard Yan (Vite Co-founder & COO)
[In reply to Daniel]
We have a team working on this. Christy, Zack, Chris, me, Isda and others--
Serafim
Good evening dear team. Are you planning to add any other functions for vx besides dividends? To expand the scope.Richard Yan (Vite Co-founder & COO)
[In reply to Serafim]
That's pretty much the scope of VX. We are working on a bunch of other things ViteX related. See my response to @superflux1 above--
Modеrn
Can Vite do community voting for coin listing? For the community to decide which coin to add ViteRichard Yan (Vite Co-founder & COO)
[In reply to Modеrn]
Only operators decide coins to list. That's the point. One can apply to become an operator. We just added Chain Hedge, a Russia-based operator.
Richard Yan (Vite Co-founder & COO)
[In reply to Sonic Alex| Epiccash ViteX fan]
Have you tried making an order on global.vite.store? It should be functional. Also, the campaign will involve VCPWe recently sent some products to customers that ordered off the store
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Артём
Hi, can you disclose what will be an interoperability solution declared after Kardia partnership, general scheme at least. For now i see a dex with centralised point of failure - gateways, will it be improved by this solution?Richard Yan (Vite Co-founder & COO)
[In reply to Артём]
The point is that anyone can become a gateway. That's the best remedy now. We are also considering atomic swaps for more decentralized gateways, but there are tradeoffs there and will take time to figure out if they're worth it.--
Sonic Alex| Epiccash ViteX fan
Any plan staking at others exchange?Richard Yan (Vite Co-founder & COO)
[In reply to Sonic Alex| Epiccash ViteX fan]
Yes, in talks with a major exchange now. No promises however, because it depends on outcome of negotiation--
End of AMA.
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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:
• English: https://t.me/vite_en
• Chinese: https://t.me/vite_zh
• Russian: https://t.me/vite_russian
• Korean: https://t.me/vite_korean
• Japanese: https://t.me/vite_japanese
• Vietnamese: https://t.me/vite_vietnamese
• Thai: https://t.me/vite_thai
• Arabic: https://t.me/vite_arabic
• German: https://t.me/vite_german
• French: https://t.me/vite_french
• Turkish: https://t.me/vite_turkish
• Indonesian: https://t.me/vite_indonesian
• Spanish: https://t.me/vite_spanish
• Portuguese: https://t.me/vite_portuguese
• Malaysian: https://t.me/vite_malaysian
• Filipino: https://t.me/vite_filipino
• Bengali: https://t.me/vite_bengali
• African: https://t.me/vite_africa
Discord: https://discordapp.com/invite/CsVY76q
Reddit: https://www.reddit.com/r/vitelabs/
Facebook: https://www.facebook.com/vitelabs/ -
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Vite Labs Leadership AMA (July 10, 2020) - Leave your questions here!
Vite Labs Leadership AMA (July 10, 2020) - Leave your questions here!
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RE: Future of Vite Pay?
@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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Vite Bi-Weekly Report - Oct 16–31, 2018
Vite Bi-Weekly Report
Oct 16–31, 2018
Dear fans, welcome to the Vite Biweekly Report (October 16th-October 31st). Let’s get up to speed with the latest developments at Vite the past 2 weeks.
Recruiting
Our Fresh Recruits: 4 new employees have joined the team
- 2 designers will redesign Vite wallet, official wallet & the Vite store
- 1 data operation specialist will analyze data of bottlenecks, drive operational direction as well as measure the operations’ efficiencies
- 1 marketing specialist (Silicon Valley team) will handle responsibilities within the spectrum of international marketing & business operations
Team Size: with the inclusion of our new hires, Vite is a strong team of 40. 35 members in the Beijing office & 5 members in the Silicon Valley office
Development Progress
R&D
- Development of PoW Pool (the service for earning transaction quota)
- Design of voting and settlement function
- Development of the mnemonic function
Testing
- Joint debugging between multiple functional modules of Vite TestNet
- Looking at TestNet performance & Stress Testing
- Vite App, Vite Web Wallet, Block Explorer upgrade to support new TestNet
TestNet
On October 24th, our team completed the unlocking of tokens sold during the private sale. The current circulation is 433,967,577.9767VITE, which accounts for 43.4% of the total supply. The remaining 56.6% of the tokens are still being held by the team. In order to activate the Vite TestNet, our team has burned all of the ERC20 tokens that they held. These tokens will be mapped in the Vite test network at a 1:1 ratio.
On October 25th, our team unveiled preliminary details of the Vite test network incentive plan — this includes the super node campaign and mining dividends. Users can swap their ERC20 VITE tokens to TestNet tokens in order to participate in the super node campaign.
Crypto Exchange Project
Our product team has developed an iterative near-term plan for the exchange as well as completed its initial review. The development team has finished defining the relevant data structure and interactive interface, the detailed design of key algorithm and data storage solution. We are now gradually entering the programming phase on schedule.
Community Management
Halloween with Vite: From October 31st to November 1st, we held a Twitter contest where fans could create videos, photos, artworks and essays.
Contest Winners Receive Vite Community Points (VCP)
Per contest rules, all viable submissions featured the @vitelabs handle & included hashtags “$ vite” and “#letscreatesomethingcreepy”. Contestants were then further instructed to create their own creative hashtag going along with Vite’s Halloween theme. The top 100 entrants announced will win Vite Community Points (VCP).
VCP can be used to redeem merchandise on Vite Store. Here’s Vite Store Chinese version. We will have international Vite Store soon.
Chinese Community: We currently have 63 official WeChat groups, 41 community administrators to address our expanding Vite fan communities. Recruiters and volunteers are now being nominated by the community itself.
Activities
October 24th: COO Richard Yan had an interview with Yihao News
During the discussion, Richardemphasized his desire for Vite to become the model for DAG usage on a public chain. Trading congestion & slow processing speeds are the most apparent bottlenecks within Ethereum, Vite’s DAG infrastructure can address these issues. Faster speeds & no transaction fees are the biggest advantages of DAG.
October 29th: CEO Charles Liu had an interview with Jinse Finance
Charles indicated that blockchain should be efficiently used for real-world applications. With Vite’s recently activated TestNet, the goal is to make the test closely mimic a real-world environment. Everything that has done by Vite is for the MainNet launch next year.
October 23: Luke attended the Urban Tech Summit — Zurich Meets SF meetup in San Francisco & shared Vite’s experience within the blockchain field with members of the World Economic Forum as well as other guests.
October 23–25: Chris participated in the Fall Summit held by Plug and Play, networking with Fortune 500 companies.
October 30: Richard and Luke met with the Dutch Consulate and discussed the application of blockchain for enterprises and public sectors.
Q&A Session: Vite TestNet- early November launch
Before we announced incentive plans, many fans have questions about the TestNet. Here we select several questions.
1. When will the Super Node campaign begin?
The Super Node campaign is expected to start after mid-November, when the VITE ERC20 token is swapped for the VITE TestNet token.
2. How many votes do you need to become a super node?
At present, you would need at least 200,000 votes. When there are more than 20 community super nodes, they will compete for the 20 super nodes slots in accordance with numbers of votes.
3. Super nodes have a minimum requirement of 200,000 votes, is there a limit on the number of people & votes?
There is no limit to the number of people, but there are restrictions on the number of votes-they may not exceed 200,000 votes. When we have super nodes operated by the community, these nodes will compete with each other.
4. The community votes for the super node. If the node does not win the election, how would those votes be processed?
Votes that have already been cast can be modified at any time. You are free to engage in voting for Vite official super nodes (with rewards) or not vote at all.
5. Will the staking token be retrieved?
The super node needs to stake 500,000 VITE and receive 200,000 votes. This aspect is retrievable. If selected into the top 25 super nodes, one can get 3287.67 VITE in rewards per day (currently).
6. If you no longer wish to run a super node, when would you be able to withdraw your stake?
The VITE token for a super node stake will be locked for 3 months. After 3 months, users can initiate the cancellation of the transaction and recover their VITE stake.
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ERC20 Conversion Campaign - Round 2
Dear Vite Fans,
As of Jan. 8, the amount of VITE ERC20 tokens migrated to Vite TestNet has reached 80 million, and these tokens became eligible for voting for Snapshot Block Producers (SBPs).
Now we have decided to host a second ERC20 to VITE Token Conversion Campaign this January!
Round 2 Token Conversion Campaign
Dates: Jan. 10 - Jan. 31, 2019
Rewards: 1% for the total amount of VITE converted during this campaign!
(You may earn a bonus by voting for official SBPs, and the annualized return for voting exceeds 20%.)New Benefit: Vite now has a one-click token conversion function in its web wallet. Vite community members no longer need to run smart contracts to participate in token conversion! It’s a one-step user-friendly process!
Check details here.Upon successful conversion, complete this Google form: https://goo.gl/forms/hBR1meCNooMeagFY2
Or
If you reply to this post with a screenshot that shows a successful conversion, Vite Labs will send rewards to your corresponding address immediately.
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* [A Note on Conversion Bonuses for New Year’s Eve]
If you previously converted Vite ERC20 token to TestNet, you would have noticed that you received token bonuses on New Year’s Eve. This bonus was meant to be a thank-you for our early converters.
Details are below:
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If your initial token conversion occurred before December 1, you would have received 1% VITE of the total conversion amount.
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If your initial token conversion occurred between December 2–20, you would have received 0.7% VITE of the total conversion amount.
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If your initial token conversion occurred after December 20, you would have received 0.5% VITE of the total conversion amount.
Vite Labs really appreciates your contributions and participation.
Let's Create Something Cool!
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RE: Vite Labs Leadership AMA (May 21, 2020) - Leave your questions here!
@SwissVite We are not actively working on a funding round. The Covid situation only prevented team members from returning to the office for work at the beginning of the year. But that situation has been ameliorated, as lockdowns have been gradually lifted. We are conscientious in managing our treasury and still allocating almost all expenses to R&D.
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RE: Why blockchain?
Our CEO previously co-founded a bitcoin exchange (Coinport). So his entrepreneurial journey had element of blockchain in the past, and hence our current engagement in the blockchain space isn't foreign to him.
Blockchain has the potential of becoming vastly useful, and yet we are barely past the point of version 0.1. This signifies huge opportunities ahead.
While studying different blockchains for both work and personal reasons, our co-founding team saw drawbacks and inconveniences in existing coins in the marketplace. They set out to make something that could be everything the current contender aren't.
This is how Vite was born. -
RE: Wallet Referral Campaign Incentive
@icloud93 said in Wallet Referral Campaign Incentive:
Hi guys. Explain me please. I invited a person to install Vite wallet. Who should fill out this form? Me or him?
Apologies for the confusion. An explanation has been added to the message above