Introducing Vitality (VITA) — the First IoTeX Network Token

IoTeX
IoTeX
Jun 7 · 4 min read

“The top two skillsets for blockchain projects, in order: Technology development. Community development. That’s it.” — Naval Ravikant, AngelList founder

What is Vitality (VITA)?

Vitality (VITA) is the first token to be launched on the IoTeX Network. At a high level, VITA incentivizes community activeness and will power IoTeX products (e.g., IoT marketplace, Member Portal, Forum) and other apps. As the IoTeX community grows, VITA will also grow in utility and value!

How To Earn VITA?

Community can earn VITA by remaining active in the IoTeX Network. VITA is a pre-mined token that will be allocated daily across three different pools:

  • Community growth: anyone can earn VITA by completing tasks, making referrals, testing products, and growing the IoTeX community.
  • IOTX-to-VITA Bidding Pool: anyone can “bid” IOTX to the daily Bidding Pool and get VITA in return (VITA received is proportional to IOTX bid)

How To Use VITA?

VITA does not have only one specific use; rather, VITA is a token that can be used across the IoTeX Network. Whether you are an investor, developer, or enthusiast, we hope to make VITA usable by all community. Stay active, earn VITA, and use it across the IoTeX ecosystem — it’s that simple!

IoTeX Member Portal — coming soon!

VITA Launch Timeline

June will be the official launch month for VITA! Are you ready to start earning VITA? Look out for new announcements in the coming week, and join the new VITA Discord (coming soon). Check out our launch timeline below:

  • Launch of official VITA Discord channel
  • VITA can be claimed via IoTeX Web Wallet
  • IOTX can be exchanged for VITA
  • Community campaigns to win IOTX + VITA!
  • Cryptocurrency lotteries on Discord
  • New ways to earn and spend VITA!

About IoTeX

IoTeX began the journey in 2017 to build the Internet of Trusted Things, where all physical and virtual “things” — humans, machines, businesses, and dApps — can efficiently exchange information and value at global scale. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT.

@iotex

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX is bringing autonomous device coordination to the masses by "connecting the physical world, block by block".

IoTeX

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IoTeX

The Privacy-Centric Blockchain Platform for IoT

@iotex

@iotex

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX is bringing autonomous device coordination to the masses by "connecting the physical world, block by block".