Vite is a lightning-fast blockchain where transactions incur zero fees. It is the world’s first DAG-based smart contract platform. Vite’s flagship DApp is ViteX, a truly trustless DEX deployed on the Vite chain. Vite’s next ambition is a universal cross-chain solution that allows easy asset transfer between any two chains in a decentralized manner.
VITE Coin
VITE is the native currency of the Vite network. It is used to secure the network in a Hierarchical Delegated Proof of Stake system. VITE is also used to obtain computational power in the form of Quota. This process is called locking. Quota is then consumed to pay for transactions on the network. The VITE locked for Quota can be unlocked and redeemed at no loss to the user, making Vite a truly zero-fee layer1 chain.
For trading purposes, VITE is now convertible to VITE ERC-20 token and VITE BEP-20 token. Users can easily deposit or withdraw between the native Vite chain and Ethereum or BSC. Here are our contract audit reports for VITE ERC-20 and VITE BEP-20.
It is DAG + smart contract platform. It is a very good project. Strong partners and VCs make this project attractive. After the success of Ontology & Polymath, airdrops are lucrative and great opportunity for the teams to build a good community. Make sure to register for it.
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