Introduction on VX Coin

The VX token is the platform token of ViteX. VX is the incentive of ViteX to encourage performance. It can be treated as a “proof-of-equity” on the ViteX platform. Holding VX can share 100% profits of ViteX. The value of VX is positively related to the users and transaction volumes on ViteX.

User scenarios of VX

• Get Daily Reward：Stake at least 10 VX could share the daily reward.

How to get VX?

• Purchase: VX is listed in all 4 base markets on ViteX.

• Mining: There are 5 ways for a normal user to participate in mining VX.

1. Trading as Mining: Base Trading Fee of each trading will be treated as the only factor when counting how VX should be distributed. For example, there is 60 VX allocated for the BTC market one day. User A traded several times and paid 1BTC as Base Trading Fee. There was a total of 10BTC collected on this day. User A would be rewarded with 6 VX(1/10*60) for Trading as Mining.

2. Staking as Mining: Users could stake VITE for ViteX to get VX as a reward. For example, there is 20 VX allocated for Staking as Mining someday. User B staked 1000 VITE and the total staking amount is 10000 VITE. User B would be rewarded with 2 VX(1000/10000*20) for Staking as Mining.

3. Market-making as Mining: Users could place buying or selling orders at a certain price range to get VX as a reward. Price, time and value of the order are the factors when counting how VX should be distributed. Closer order price to buy 1st or sell 1st, longer order time and bigger order value will get more rewards.

4. Referral as Mining: Users invite others to use ViteX could be rewarded with VX. For example, user B was invited by user A. As long as user B participates in Trading as Mining or Market-making as Mining, both of them could get extra rewards.

5. Listing as Mining: As long as any user lists a new trading pair, that user will be rewarded as participating in Trading as Mining. The listing fee(10000 VITE) is treated as Base Trading Fee.

Distribution and Supply

There are 29328807.8 VX in total. Based on the results of the community voting on the VX release curve, the daily releasing amount is fixed and the allocation is like this:

• Trading as Mining token comprises 55% of the total supply.

• Staking as Mining token comprises 20% of the total supply.

• Market-Making as Mining token comprises 15% of the total supply.

• Team-reserve token comprises 10% of the total supply.