VSYS Coins — Your chance to be part of V SYSTEMS
There’s much more to participating in blockchain projects than just investing in cryptocurrencies. Although it’s a popular idea that many people are actively buying and selling coins in trading markets as a way of making a profit from price movements, holding coins or tokens gives you the ability to participate in the running and build-out of the network — and also to receive revenue from this activity over the longer term.
In the crypto world, this buy-and-hold strategy goes by the term ‘hodling’, which is based on a typo and looks and sounds more ‘crypto’, but the principle is simple: like with any other market-traded assets, you can gain more by keeping your crypto asset than you would by trying to trade it.
V SYSTEMS are go!
With V SYSTEMS now up and running, Sunny King, the inventor of Proof of Stake (PoS), has delivered his key innovation, Supernode Proof of Stake. Our mainnet is stable and generating blocks — and because SPoS breaks the connection between consensus and power consumption, the network is faster, more efficient, and much, much more capable of being scaled up.
This puts V SYSTEMS ahead of blockchain providers who are still hurrying to introduce PoS. Because it is now acknowledged that Proof of Stake is a critical step toward delivering better, more accessible, and useful blockchains, a number of providers have committed to delivering PoS into their systems. In fact, Ethereum has committed to delivering Caspar as part of the Constantinople hard fork, its upgrade to PoS, this year, citing the break from power consumption and improved security from 51% attack as the chief benefits.
But V SYSTEMS is already there and is now poised to deliver the next phase — decentralized platform apps.
The V SYSTEMS public chain platform will fully implement Enterprise Decentralised Application (DApp) support with a full privacy protection layer for smart contracts, databases, and cloud development on mobile devices. It will be both easy to use and developer friendly: we will now deliver these qualities by adding modular development functions and cloud platform tools to enable enterprise developers to focus on creating business-ready blockchains, rather than grappling with difficult coding issues. Have a look at our 2019 Roadmap to see what lies ahead in this exciting phase of development.
Introducing VSYS Coin
What you may not know is that V SYSTEMS has a coin, VSYS Coin, already running on the platform. It’s the lifeblood of the VSYSTEMS concept. VSYS Coins are now being used to pay various transaction fees on the V SYSTEMS platform, including the Supernode application fee. VSYS Coin holders can also lease VSYS Coins to Supernodes for coin minting, giving them a steady source of revenue as a return on their investment (ROI).
Going forward, VSYS Coins will also be used to support the development and use of smart contracts and decentralized applications, as well as to purchase resources provided by the V SYSTEMS blockchain database cloud platform, such as computation, memory, RAM, storage, random IO and sequential IO. It all adds up to a strong proposition for holding the coins. New VSYS Coins are generated from Supernode minting at a fixed inflation rate of 5.5% every year, the economic expansion of the V Systems’ ecosystem is more predictable and more stable.
Watch this space
We’re convinced of the V SYSTEMS’ project value compared to other leading public blockchains — Sunny King’s vision of a new economy based on billions of blockchains driving new forms of business is on its way. Within this system, participants receive minting ROI, participate in developing a stable, secure coin ecosystem, and have the potential for deeper and more rewarding participation in the future.
Soon VSYS Coins will be made available to buy — giving early adopters a massive opportunity to take a role in developing the V SYSTEMS network and gaining as it grows. Keep an eye out for exciting developments with V SYSTEMS as we launch our next phase of growth and innovation.
