Token Review — $VITE (English)

By DarrenAlex | darrenmology | 6 May 2021


Token Review — $VITE
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What is $VITE?
$VITE is a DAG (Directed Acyclic Graph) coin, similar to $NANO which has smart contracts, snapshot chain, a built-in DEX, a Point of Sale solution and anti-spam measures.

Because $VITE is based on a DAG, transactions can be done instantaneously with no fees.

Features of $VITE
• Free transactions
• Instantaneous transactions
• Smart contract platform
• Cross-chain transfers via the Loopring protocol
• Built-in DEX
• Snapshot chain (using existing transactions to prevent 51% attacks, increasing the security of the network over time)
• Built-in high yield staking
• Payment app
• Global clock

Advantages of $VITE
$VITE combines Nano, Binance Chain, Ethereum, and Bitcoin.
Nano — Vite Chain uses Nano's technology, upgraded to be more resistant against spam attacks
Binance Chain — ViteX effectively replaces Binance DEX
Ethereum — A free smart contract platform compatible with Solidity and Rust
Bitcoin — Fast, free, immutable transactions

How does Vite address Nano, Binance Chain, Ethereum, and Bitcoin's disadvantages?
Nano — Nano doesn't have a global clock, thus unable to implement a credit-based anti spam system.
Binance Chain — Doesn't have smart contracts and has a fee
Ethereum — No built-in DEX, high transaction fees, slow confirmation time
Bitcoin — Slow, expensive transactions

Why isn't Vite the #1 cryptocurrency?
• No active marketing campaigns
• Small community
• Bitcoin and Ethereum has the first-mover advantage
• UX still needs improvement
• Wallet hasn't been published on the Play Store/App Store

Who are the developers?
• Chunming Liu
• Daniel Wang (Founder and CEO, Loopring Foundation)
• Ming Wu

Links
Whitepaper — https://github.com/vitelabs/whitepaper/blob/master/vite_en.pdf
Website — https://www.vite.org/
DEX Website — https://vitex.net/
Forum — https://forum.vite.net/
Twitter — https://twitter.com/vitelabs
DEX Twitter — https://twitter.com/vitexexchange
Medium — https://medium.com/vitelabs
Telegram (EN) — https://t.me/vite_en
Telegram (ID) — https://t.me/vite_indonesian
Reddit — https://www.reddit.com/r/vitelabs/
Discord — https://discordapp.com/invite/CsVY76q
GitHub — https://github.com/vitelabs

Personal Notes
Vite currently sits in rank 407. As a result, there's still massive upside potential. This is still a high-risk buy, even if the fundamentals are solid. For now, I'm moving 25% of all my Nano holdings to Vite (some to $DERO and $HTR) in the hopes that the price goes up a lot. It's already listed on Binance, so it's really easy to buy. I can guarantee you if they start to market their coin, it'll shoot up to the top 50.

Tip Jar
ETH/BSC: 0xdbD79C982d5Ed20108B6081Af805Be839e79C2df
Bitcoin: 39dcEW2fyi9NseCzKzhQcaHk7XpMPWbUcZ
Nano: nano_1ry7kqi1msam7ay8qreo1mddc6ga6hg4s5tsqgtqhdhbxxwgcuo5mwfno379
Vite: vite_59467167af51997dadac966e228cc1f95a9a93cca36579ec57

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darrenmology
darrenmology

Seluruh keputusan investasi di tangan lo, gw ga bertanggungjawab kalau rugi. Hanya sekedar informasi Link Invite Telegram: https://bit.ly/2QjD2HY Binance: https://bit.ly/3uOYZNV

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