This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is VITE?

VITE (VITE) is a cryptocurrency and the native token of the Vite platform, a zero-fee, lightning-fast blockchain for the decentralized economy. It utilizes a Directed Acyclic Graph (DAG) structure and Hierarchical Delegated Proof of Stake (HDPoS) consensus mechanism, enabling fast, reliable, and secure transactions. VITE is used for executing simple token transactions, smart contract applications, staking, and voting for Snapshot Block Producers. The platform offers various products, including ViteX (a decentralized exchange), Vite App (a mobile application), VitePay (a fast and free payment solution), and VitePlus (a blockchain solution for governments and organizations).

How is VITE used?

VITE (VITE) is the native token of the Vite blockchain, a smart contract platform that enables fast and reliable transactions. It utilizes Directed Acyclic Graph (DAG) technology and the Snapshot Chain to perform free transactions. Here are the key ways VITE is used:

  1. Transactions and Incentives: VITE is used for transactions and incentivizing the network. Users can stake and use VITE to vote within the ecosystem, earning rewards by participating in the network's consensus mechanism.

  2. Voting and Governance: VITE holders can vote for Super Block Producers (SBPs), which are nodes that validate transactions and maintain the network. Voting does not lock VITE coins, and users can revote to another SBP at any time.

  3. Staking for Quota: Users can stake VITE to obtain quota, which are network resources for transactions. The minimum staking amount is 134 VITE, and the lock-up period is 3 days. This allows users to perform transactions without gas fees.

  1. Decentralized Exchange (ViteX): VITE can be traded on ViteX, a decentralized exchange built on DAG technology. Users can earn trading fees by staking VX, the platform token of ViteX.

  2. Blockchain Applications: VITE can be used for various blockchain applications, such as VitePlus, which offers high-performance blockchain solutions for large and medium-sized enterprises and governments.

  3. Ecosystem Participation: VITE holders can participate in the VITE ecosystem by using the all-in-one wallet app Vite App, which manages VITE tokens and provides access to other features and products within the ecosystem.

Overall, VITE plays a central role in the Vite ecosystem, facilitating transactions, governance, and incentivizing network participation.

How do I store VITE?

To store VITE (VITE) tokens, you need to choose a VITE wallet. There are several options available:

  1. Noone Wallet: This is a free crypto wallet app that supports VITE tokens. You can easily create a VITE address, send, and exchange over 1200+ coins and tokens directly in the app.

  2. Vite Wallet App: This is the official wallet app provided by Vite. You can use it to receive VITE tokens by opening the Vite token and pressing "Receive," then sending to the VITE address shown.

  3. Web App: You can also use the Vite web app to store your tokens. To receive VITE tokens, send them to the VITE address that appears in the top left under "ViteConnect Address".

Remember to always do a test run first and only send a small amount for any first transaction of a new crypto to be safe.

How to buy VITE?

To buy VITE (VITE) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports VITE purchases, such as CoinMarketCap, KuCoin, or Pionex.
    • Ensure the exchange has solid security, liquidity, and a competitive fee structure.
  2. Create an Account:

    • Enter the required information and set a secure password.
    • Enable two-factor authentication (2FA) for added security.
  3. Verify Your Identity:

  • Complete Know-Your-Customer (KYC) verification, which may require providing personal and identification details.
  1. Add a Payment Method:

    • Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
  2. Buy VITE:

    • Use fiat currency to buy VITE directly if supported, or first purchase a popular cryptocurrency like USDT and then exchange it for VITE.

Alternatively, you can also buy VITE through a crypto wallet like KuCoin Wallet or MetaMask, which allows you to store and manage your cryptocurrencies securely.

Discover
VITE
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of VITE

Discover
VITE
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How VITE works

Discover
VITE
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

VITE's strengths

VITE's risks

Discover
VITE
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did VITE raise funds?

Discover
VITE
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

VITE’s team

Whalee AI

The fundamental analysis assistant for crypto value investors.

Latest news

Want an analysis of this token? Tell us on Discord