The genesis block generates 5,142,858,000 VSYS Coins. Every year there's an inflation of 5% in the coin issuance, in the form of supernode minting reward. At the same time, the transaction fee of V SYSTEMS main chain will all be destroyed (including transaction, supernode, database usage, DApp, and other functions). Please check https://explorer.v.systems/ for latest data.

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Our announcement for listing is posted on our Medium: https://medium.com/vsystems/v-systems-lists-vsys-coin-on-bitfinex-kucoin-and-bitforex-2ccb76bfdc4e

Follow our Medium for more regular updates

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VSYS Coins are the cryptocurrency on our V SYSTEMS Blockchain. Following the V SYSTEMS mainnet launch in September 2018, VSYS Coins will be used to pay transaction fees, supernode functions, leasing and minting. The VSYS Coins will also be used to access applications built on the V SYSTEMS network, such as smart contracts, DApps and pay for resources usage for projects built on V SYSTEMS decentralized database cloud.

Check out our blog post on how VSYS Coins could be a chance to be a part of V SYSTEMS: https://medium.com/vsystems/vsys-coins-your-chance-to-be-part-of-v-systems-5b0ee3bcb0c2

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Being based on high-performance nodes, SPoS will enable a huge rise in the speed, scalability and security of blockchain tech against a 51% attack. Our mainnet of 15 supernodes has been up and running since September with a high degree of resilience and industrial-level TPS  , so we’re speeding ahead to the next stages.

For better understanding, read the  V SYSTEMS SPoS consensus white paper from here:
https://www.v.systems/pdf/sposwhitepaper.pdf

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VSYS Coins' supernodes are elected among coin holders. Similar to mining pools for Bitcoin, the role of supernodes is to take on the heavy lifting of the mining work (in V SYSTEMS' case, minting instead of mining). In Bitcoin's case, the true benefits go to the miners; and in our case, the coin owners. The majority of supernode minting reward in V SYSTEMS is given to coin owners who leased their coins to supernodes for minting. Sunny King designed this logic to better align with Satoshi's initial vision of giving mining/minting rights to actual coin owners. If anyone's interested in learning more about how supernode / minting is benefiting coin owners, we would recommend giving a read to the SPoS whitepaper: https://www.v.systems/pdf/sposwhitepaper.pdf

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The process of building a blockchain project involves many levels, including research, idea/concept development, design, coding, community building etc. To improve on PoS, Sunny King has dedicated a lot of time and effort to study thoroughly the pain points and areas for improvements, with the aim to push forward a new wave of adoption of feasible and stable blockchains. Many of the planning and idea development phases had come before the actual coding stage. Glad we're on track and there are many exciting updates coming this year: https://medium.com/vsystems/vee-a-roadmap-to-blockchain-liberation-91d7e93894ab

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Take a look at how our flow of VSYS Coins in coin leasing and minting!

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Sunny King: Blockchain needs to be easier
And this is very true, blockchain is hard enough to understand and talk about, let alone build. Sunny King says the sector needs to make it easier for anyone, even those from non-technical backgrounds, to create their own distributed ledgers.

To read more about the article: https://cryptobriefing.com/sunny-king-blockchain-utility/

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Throw back to Vitalik Buterin's article in 2013 on Sunny King's creation Proof of Stake and why it matters.

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We've just published our latest story detailing the four major pillars that V SYSTEMS is built upon and what benefits they are bringing to the market.