How to Participate in Staking as Mining?

Staking as mining refers to users who stake VITE for the exchange contract and provide quotas for the exchange. As a return, users can get a certain amount of VX periodically.

Why do we need to stake VITE for ViteX?

There is no gas fee on Vite chain, but there is some limit to counter spam. To breach the limit, we have to stake $VITE for Quota. All the trading incurred on ViteX are special transactions on Vite chain. To ensure ViteX could work properly, there must be enough Quota for it and this requires users to stake for it.

Rules of Staking as Mining 

Daily release volume: 20% of the VX daily release volume is used for Staking as Mining rewards.
Staking Amount Limit: Min Staking amount is 134 VITE; Max Staking amount is unlimited.
Staking Period: It requires to stake at least 3 days, and then it can be retrieved. Users need to wait 7 days for credit. (Note: You will not be able to participate in Staking as Mining as long as the operation of  unstaking.)
Distribution: VX will be distributed to users as per the proportion of their Staking amount.

Staking as Mining in Vite Wallet App

1. Open the Vite wallet app;

2. Make sure that you have at least 134 VITE in your exchange balance. (You can convert wallet account assets to exchange assets)

3. Enter the Mining page and stake. You can refer to the steps in the figure below.