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Board Altcoin Discussion
Re: VX Coin | ViteX - Powered by Vite
by
DaMut
on 18/09/2019, 18:47:28 UTC
Based on the articles that I saw before, VX coin will be used as a tool to determine the dividend right? can you tell me the detail of the dividend itself and how much we will get?
or do you have a tool to calculate the dividend that I will get if I am holding a certain number of VX?
I am quite interested in it but I do not know where should I start, there are so many articles to read if I want to start it from the beginning.

Yes. VX holders get daily dividend which consists of both trading and listing fees accumulated by the exchange.

The actual dividend is released at the rate of 1% of the daily total dividend. So you can expect to receive your day 1 dividend in full by day 100 and so on.

There is no calculator for dividend since it will totally depend on the activity on the exchange for that particular day. You can visit ViteX.net and see the mining dashboard on the homepage which will give you some idea of what to expect.


I think the most relevant articles that you can read about VX mining are these:

https://medium.com/vitelabs/vitex-economic-model-round-2-vote-results-9ee6dddcf422

https://medium.com/vitelabs/announcement-vx-mining-official-start-date-e66900b10888

Thank you for sharing it, I have read that.
But why do not you create a tool to help the holders calculating the dividend? yes, I know the total is based on daily trading and listing. But it does not mean you can not create a raw data based on its previous total, right? with that, the holders can roughly understand how much they will get in the future in holding a certain number of vx.
I know we check our total dividend here https://x.vite.net/tradeDividend but we need to have the coin first before getting the answer.