#GetQuota Campaign

Joel Yang
Vite Labs
Published in
2 min readFeb 21, 2022

Lock your $VITE to get Quota and share a pool of 100,000 $VITE as rewards!

It’s time to get Quota!

One of the unique features of Vite is that it costs zero fee for transactions. Most of the layer1 blockchains deduct a gas fee for performing transactions. On Vite, transactions do not consume any gas fees in the form of the native currency $VITE, instead it consumes computing power in the form of Quota. So it’s essential that users of the Vite chain lock up their $VITE and get Quota.

Today, we are launching a brand new #GetQuota Campaign. Lock your $VITE to get Quota and share a pool of 100,000 $VITE as rewards!

How does it work?

Lock your $VITE in the Vite App to get Quota. The more $VITE you lock and the longer period of time you lock, the more you get to share the percentage of the 100,000 $VITE rewards.

The calculation is as follows:

$VITE locked for Quota * Duration of lock up time (hours) = Your Quota Locking Score

Your rewards share = 100,000 VITE * Your Quota locking score/Total Quota Locking Score

Duration

8 weeks starting on Feb 21, 2022 at 8pm UTC.

The amount of $VITE you will earn will be airdropped to your wallet address at the end of the 8-week period on April 14, 2022.

So get ready and get Quota!

All Rights Reserved By Vite Labs

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