ViteX Decentralized Exchange Just Released their token VX for mining

September 9, 2019 12:57 PM UTC

ViteX was developed on the Vite public chain, ViteX is a decentralized exchange offering zero fees, cross-chain gateway and fast transaction confirmation times.

ViteX is one of the few decentralized exchanges that are offering a complete decentralization, the exchange is actually run by the community and anyone can become a ViteX operator. A ViteX operator can customize the trading fees or list new trading pairs.

The native token for ViteX is VX. The holders of VX will enjoy dividends which are collected as the trading and listing fees of the exchange.

The system will distribute 1% of the total pool to all VX users proportional to the amount of VX they hold

ViteX was recently launched but the fee dividend poll is already almost $7000 worth. The dividends will be distributed in the form of BTC, ETH, USDT and VITE, which is the token of the VITE platform, a high-performance decentralized ecosystem.

ViteX allows users to ‘mine’ VX, which is the only way to obtain VX. The total supply of VX is 100 million and the distribution will finish in two years. Users can ‘mine’ VX tokens by trading on the ViteX exchange, Staking, Market-making, Listing coins or Referring friends to the platform.

The allocation stands like this:

Trading as Mining

Staking as Mining

Market-Making as Mining

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