On October 14th, we released a poll about the VX release ratio adjustment and the VITE burning proposal. The vote concluded on October 20th. We received a total of 162 votes. Thank you for your active participation and support of ViteX!
Below are the results of the poll
- Daily VX allocation will be adjusted: 67.90% in favor
- Discontinuation of VITE dividend. BTC/ETH/USDT dividends still apply: 65.40% in favor
- Referral code generating fee of 1000 VITE will be burned: 77.10% in favor
- Trading pair opening fee of 10,000 VITE will be burned: 84.50% in favor
Given the above voting results, our team decided to make the following changes:
Adjustment to Daily VX Mining Allocation
Currently, VX mining allocation is as follows: 60% for trading, referring & listing; 20% for staking; 10% for market-making; and 10% for the ViteX team.
We will change to the allocation of: 65% for trading, referring & listing; 10% for staking; 15% for market-making; and 10% for the Vite team.
VITE Burning
- Remove VITE from daily dividend distribution. The only dividend distribution currencies are BTC, ETH, and USDT. All trading fees collected from VITE trading pairs will be burned.
- Each time a referral code is generated, the 1000 VITE fee used to generate the referral code will be burned.
- After opening a new trading pair, the 10,000 VITE fee will be burned.
We will send another announcement for when these changes will be executed. Thanks for your support!
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