VITE Coin is a cryptocurrency used for simple token operations and smart contract applications. Users can stake their tokens and use VITE for voting on Snapshot Block Producers. Additionally, a VITE staker who doesn’t use the transaction quota can lease it to dApps in exchange for tokens.
VITE is the native token of a Directed Acyclic Graph (DAG) based smart contract platform and has a Snapshot Chain structure to optimize zero-fee transactions, transaction speed, reliability, and security. Vite uses Hierarchical Delegated Proof of Stake (HDPoS) to achieve network consensus and super representatives receive staking rewards only, without transaction fees.
The products of the Vite platform include ViteX, Vite App, VitePay, and VitePlus. These include a mobile app, a payment solution, and a blockchain solution for businesses. Vite has also developed a pilot application called SyraCoin for the Syracuse government.
The Vite team has offices in Silicon Valley, the US, and China, with more than half of the team being developers. The engineering team of Vite consists of individuals from leading IT companies such as Tencent, JD, Baidu, Didi, and Meituan.
In VITE Coin reviews, the platform is considered strong and is expected to gain value in the medium and long term. It is predicted that the value of VITE Coin could increase by 1,000 times. According to CoinMarketCap data, VITE Coin is trading at 0.0138 USD and ranks 670th in terms of market value.