Hi guys,
Wanted to introduce you to the ViteX exchange coin, VX. It is a no pre-mine coin that is currently being mined (in a sense) on the exchange. I believe Vite is one of the most exciting projects out there and ViteX is a dex with a bright future.
Some facts about $VX:100 Million supply
No pre-mine
Holders get daily dividends from a shared pool which aggregates both trading and listing fees accumulated by #ViteX
VX mining daily breakdown:60% for Trading, Referring and Listing (15% each for $BTC, $ETH, $VITE and $USDT Markets)
20% for Staking
10% for Market-Making
10% for Vite Labs Team
Trading as Mining: Has the most allocation at 60%. Trading activity will contribute the biggest portion to daily VX mining.
Eligible pairs: grin/btc, eth/btc, vite/btc, vite/eth, grin/eth, grin/vite, eth/usdt, btc/usdt and vite/usdt
Each market receives 15% equally.
Referring as Mining:Invite traders using your referral code. Invitees enjoy a 10% discount on trading fees on #ViteX. 5% of an invitees trading fees count toward the inviters trading as mining reward calculation. $vx
Listing as Mining:An issuer must pay 10K $VITE to open a trading pair on ViteX. 5K VITE is burned and the other 5K VITE goes into the shared dividend pool.
The token issuers $VX reward is then calculated as if they executed a trade involving a transaction fee of 1K VITE.
Staking as Mining:20% of all $VX released daily is reserved for users who stake their $vite
Market-Making as Mining:10% of $VX released daily is reserved for each market $BTC, $ETH, $VITE and $USDT each weighted equally at 2.5%.
Detailed information about VX Mining: https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888