Quote from: VirtusPay on March 29, 2018, 03:19:07 PM

Dear friends!

We are all worried about the decline of Virtus. Investigating the causes of this phenomenon, we came to the following conclusions.

1 - the general decrease in the value of base crypto-currencies (such as Bitcoin, Ether), as well as most alternative coins. Let's not forget the "Bearish" season in the market which has caused a rapid decline in the value of crypto- assets, such as Virtus.
2 - an overabundance of Virtus coins. There is also the issue of having excess rewarded that exceed the need of investors, so many "extra" coins appear on the exchange. There is no balance of supply and demand.

Following the main goal - to make Virtus a valuable coin - There is a need to change the economic model of the project.

Namely:

- the cost of the masternode will be increased to 25,000 coins
- the block time will be 120 seconds (it was 60 seconds)
- the total number of coins will become 18.000.000 VRT

A mandatory update will be required on Sunday 01 April 2018 at 08.00 AM UTC.

Kind of unfortunate that a masternode requires 5x of what it was before. Kinda crazy no?