Re: [ANN] [VITE] [DAG + Smart Contract] Vite | Asynchronous Architecture
Vite announced new Vite tokens burning plan:
https://medium.com/vitelabs/announcement-adjustment-of-vx-release-ratio-voting-results-for-vite-burning-36726ca4723c
It seems with this current price around 100k Vite should be burned every day. But if price go up it will be less of course. Its really great decision. I hope Vite can go to at least 2$ in some time with this burning token amount decrease and exchange grow
We need some more ideas of token burns to cover inflation and price increase.
https://medium.com/vitelabs/announcement-adjustment-of-vx-release-ratio-voting-results-for-vite-burning-36726ca4723c
Quote
VITE Burning
Remove VITE from daily dividend distribution. The only dividend distribution currencies are BTC, ETH, and USDT. All trading fees collected from VITE trading pairs will be burned.
Each time a referral code is generated, the 1000 VITE fee used to generate the referral code will be burned.
After opening a new trading pair, the 10,000 VITE fee will be burned.
Remove VITE from daily dividend distribution. The only dividend distribution currencies are BTC, ETH, and USDT. All trading fees collected from VITE trading pairs will be burned.
Each time a referral code is generated, the 1000 VITE fee used to generate the referral code will be burned.
After opening a new trading pair, the 10,000 VITE fee will be burned.
It seems with this current price around 100k Vite should be burned every day. But if price go up it will be less of course. Its really great decision. I hope Vite can go to at least 2$ in some time with this burning token amount decrease and exchange grow
We need some more ideas of token burns to cover inflation and price increase.