Being an SBP on Vite means that the Vitamin Coin project receives daily rewards (in terms of Vite). These daily rewards are distributed to addresses that vote for the Vitamin Coin SBP. As you may know, the Vitamin Coin has "topped up" these Vite rewards with its own token, Vitamin Coin (VITC). At the time of this post, the Vitamin Coin team supplements the daily SBP Vite rewards with a 100x bonus of VITC-- someone who receives 1 Vite daily from voting for the Vitamin Coin SBP will also automatically receive 100 VITC tokens.
More details about the VITC distribution plan.
First month: 30% of the SBP daily Vite rewards will be sent to addresses that vote for the Vitamin Coin SBP. The Vite rewards are supplemented by VITC tokens, at a multiplier rate of 100x.
Second month (from 15 October 2021): 40% of SBP daily Vite rewards to voters; VITC multiplier of 65x.
Third month (from 15 November 2021): 45% of SBP daily Vite rewards to voters; VITC multiplier of 25x.
Fourth month (from 15 December 2021): TBA.
These first three months constitute a fantastic opportunity for people who are interested in the Vitamin Coin project to accumulate and hold VITC. There are benefits of changing your vote to the Vitamin Coin SBP early, while the big multipliers are still in effect.
But as you can see, the distribution of Vitamin Coin will be changing very soon! From 15 October 2021, 00:00 CST, the daily Vite rewards will be increased, while the VITC multiplier will be reduced. Nonetheless, a VITC multiplier of 65x still means that you have a chance of accumulating a significant amount of VITC, if you vote for the Vitamin Coin SBP.
One-time voting bonus on Vitamin Coin Discord server
In addition, if you vote for the Vitamin Coin SBP before 15 October 2021, 00:00 CST, and post a screenshot proof of that in the Vitamin Coin Discord server (in the #proof-of-voting channel), you will receive a one-time voting reward of 1000 VITC. This is the Vitamin Coin project's way of incentivising and rewarding its voters.
Here is how you can vote for the Vitamin Coin SBP. Remember that you will need to hold at least 1 Vite coin (currently worth around $0.085) to be eligible to vote. You can buy Vite from a variety of exchanges. Refer to this list for your options: https://coinmarketcap.com/currencies/vite/markets/
1. Get a Vite wallet here: https://app.vite.net/. It is easiest to get started with the mobile apps, and that is what we will be working with.
2. Open the mobile wallet app, and press the + button on the top right
3. Search for Vitamin Coin, and "enable" the option
4. You will now be able to see your VITC balances in your wallet, as well as make transactions with it.
5. Now, click on Vite Coin (it is usually at the top of the wallet). You will be brought to a different screen where you can send and receive Vite.
6. On that new screen, press the "Vote" button.
7. Search for VitaminCoinSBP, and click the "Vote" button again. Remember that you will need at least 1 Vite to vote.
Congratulations! You are now voting for the Vitamin Coin SBP. You will start receiving your Vite and VITC daily rewards in your wallet automatically the next day.