The Impossible Finance vIDIA
Hey there, Penguins 🐧
As we continue to grow and scale our product suite, we have been working hard on a product that rewards you. The time has come and we are excited to introduce vIDIA to the Impossible ecosystem!
Consider vIDIA as an extension of the IDIA token you already know and love. Both IDIA and vIDIA are here to provide you with a valuable and meaningful experience. vIDIA has been audited by BlockSec to ensure security for all users to have peace of mind.
Why vIDIA
The biggest difference between IDIA and vIDIA is the role they play in the Impossible Ecosystem.
With vIDIA, together we can achieve great things. Some include:
- Improving the stability of IDIA before, during, and after staking periods
- Increasing available token types for staking
- Motivating IDIA holders and IDIA liquidity providers
How vIDIA works
There are four main scenarios that we will quickly go through to show how easy it is to use vIDIA.
- Vesting IDIA
It is as simple as vesting your IDIA tokens and receiving vIDIA immediately! Your IDIA is converted on a 1:1 ratio to vIDIA. After that, you can easily use vIDIA to stake and participate in our IDOs as usual. - Unvesting IDIA
To unvest your tokens, all you have to do is submit a request and wait two weeks. After that, your IDIA tokens, which are converted on a 1:1 ratio, will be sent to your wallet. No fees charged! - Priority unvesting
For anyone looking to receive IDIA immediately, you can submit a priority unvesting request. A fee will be deducted from your unvesting amount before the IDIA is sent to your wallet. - Claim Reward
Hodling vIDIA for the long run? Enjoy the rewards! Fees collected from priority unvesting requests are distributed to vIDIA holders. User’s can collect their available rewards at any time as long as they hold vIDIA.
As we continue to buidl the Impossible ecosystem, we value your feedback and ideas. Share your suggestions with us and learn more about how we listen to you.
About Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.
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Terms & Conditions:
- Notes: DISCLAIMERS, TERMS, and RISKS
- Impossible reserves the right in its sole discretion to amend or change or cancel this announcement and group at any time and for any reasons without prior notice.
- Use a self-custodied (Metamask, Trustwallet, etc.) BSC wallet address. Do NOT use an exchange wallet to participate
Risk Warning: Trading and/or generally investing in any cryptocurrency involve significant risks and can result in the complete loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before investing, please consider your level of experience, objectives, and risk tolerance, and seek independent financial and legal advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Impossible Finance based on the legal and regulatory requirements of your country of residence and/or applicable jurisdiction(s)
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