VITE’s Rapid Rise
VITE is an encrypted digital currency based on the Ethereum ERC20 standard, with a total circulation of 170 million pieces and an issue price of only 1.5 cents. The reason why VITE has attracted widespread attention is mainly due to its rapid development and high liquidity in the blockchain industry, which has enabled investors to see huge investment potential and thus invest heavily in it.
Surge trajectory:
In October 2018, the price of VITE coin was approximately $0.0129.
In January 2020, the price surged to $0.452.
In October 2020, the price broke through to US$4.61 in one fell swoop, an astonishing surge.
This dramatic price increase demonstrates the huge potential of VITE in the market and demonstrates its strong return on investment as a promising cryptocurrency.
Application scenarios and market impact
The rapid development of VITE has been supported by many industries, including DeFi projects, real estate, advertising, entertainment, etc. The wide application of VITE has not only promoted the increase of its value, but also promoted the improvement of its ecosystem. In addition, the Vite wallet provides users with safe and reliable encrypted storage, which is also one of the important factors for the sharp rise in the price of VITE coins.
VITE's technical advantages
VITE is the native token on the Vite chain. It was issued on July 17, 2018, with a total supply of 1 billion. Vite is a high-performance fee-free public chain that pioneered the implementation of smart contracts based on the DAG (directed acyclic graph) structure. Its original asynchronous architecture, layered consensus, and snapshot chain technology make it an industry leader in performance and cost, supporting commercial applications. At present, Vite has deployed practical applications such as decentralized exchanges, public services, blockchain games, and micropayments, and its ecology is becoming more and more complete.
Key features of Vite chain:
Transaction confirmation within seconds to meet industrial requirements:
Vite achieves transaction confirmation in seconds by introducing DAG chain and asynchronous architecture design, and can handle billions of transactions and high concurrency requirements.Order information is put on the chain, making payment safer:
Order information is stored in a decentralized network, which is completely public and cannot be tampered with, ensuring that users can make payments safely, freely and equally.Low frequency, 0 fees, mortgage accelerated transactions:
Transactions on the Vite chain do not require handling fees, only quotas. Quotas can be obtained for free by running PoW (proof of work), ensuring that low-frequency users pay for free; high-frequency users can obtain quotas through mortgage (revocable) to speed up transaction confirmation.
Team and Background
The Vite team was founded in June 2018 and is composed of technical and financial experts from China and the United States. The financing comes from well-known institutions such as Bitmain, Node Capital, and Genesis Capital. The mainnet was launched on September 25, 2018.
Chief Executive Officer: Liu Chunming
Liu Chunming is a senior blockchain entrepreneur. He has served as a senior architect at JD.com and technical director at Meituan-Dianping. He graduated from the University of Science and Technology of China and the Institute of Software of the Chinese Academy of Sciences.
VITE's current market performance
Today’s price: $0.011418
24-hour volume: $409,421
24-hour growth: 0.7%
Market capitalization ranking: 294th
Market value: $11,767,000
Total circulation: 103.053 million VITE
Circulation: 107.243 million VITE
The amazing growth of VITE coin and its wide range of application scenarios have made it the focus of investors. With the continuous advancement of technology and further development of the market, VITE is expected to continue to create more investment opportunities.
