September 2023 Project Update — Vita Inu (VINU)

Vinu Foundation
VINU | Vita Inu
Published in
3 min readOct 21, 2023

Welcome to the September 2023 Update!

The Vinuverse expands with VinuChain!

The Vinuverse (Vinu Ecosystem)

With the addition of the VinuChain coin, the Vinuverse now boasts two different cryptocurrencies — VINU & VC — with two different logos.

Thus, it became prudent to create a new logo for referencing the entirety of the Vinuverse, a logo which merges features from our existing coins so that whilst it is new, it is also familiar.

Welcome to our new ‘VINU’ logo, which represents our overall Vinu Ecosystem, the Vinuverse. (The existing Vita Inu $VINU logo is not changing!)

You may have noticed our Discord and Telegram servers have already updated to this new logo, representing that all of our projects live under this new umbrella.

VinuChain (VC) has officially launched both its Testnet and Mainnet!

You can use the following network settings to connect to VinuChain:

VinuChain Network Settings

The VinuChain Coin (VC)

As the $VINU token is a solely deflationary asset, a new inflationary coin was needed to govern the VinuChain Protocol. This is where $VC comes in.

The VinuChain Coin (VC) is both the governance and gas coin of the VinuChain Protocol.

VC is both inflationary and deflationary:

  • Inflationary: A VC reward is issued to Validators for each new block.
  • Deflationary: 30% of every gas fee (paid as VC) is burned.

The tokenomics curve of VC is as follows:

At inception, less than 10% of Total Supply is in circulation.

Over the course of 40 months, the remainder of supply will trickle into circulation for various initiatives such as:

  • Ecosystem Development (e.g. user rewards, developer grants, etc.)
  • Project Development (e.g. marketing, developer costs, etc.)
  • Vestiture for the Foundation and private investors.
  • Initial special airdrop.

In addition, all unsold coins that were initially allocated to Private or Public sales will be BURNED!

Presales, Launchpads, & IDOs

Numerous sales were conducted for VinuChain (VC)

The VinuChain (VC) project sold out across 6 IDO Launchpads and 2 Presales!

The $VC coin launches in October, with two initial CEX listings and an initial DEX listing.

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