Continuing...
For those who are reading for the first time one post about my crypto experience, maybe it is better to check some other posts if you are interesting:
- About some mobile apps to get free coins: @gwajnberg/my-crypto-experience-part-1
- About crypto exchanges in Canada: @gwajnberg/my-crypto-experience-part-2
- About proton blockchain: @gwajnberg/my-crypto-experience-part-3
The first two parts I didn't post in LeoFinance, only posted at my home Pizza Community which you guys need to check and help to spread Pizza in the world. But After knowing Leo Finance I decided to write in here since it is more focused the public that maybe is going to get interested in it.
Vite Network
When you are navigating the discords servers, for sure you will find at least one server belonging to a coin in this network. Vite is a decentralized blockchain very fast and without fees. There you can find the native token called Vite, which today the value is around $0.08 USD.
https://coinmarketcap.com/currencies/vite/
Vite is available in many crypto exchanges, such as Binance and others. But I would recommend buying it directly on ViteX Exchange. ViteX Exchange accepts coins known with no fees: Banano, XRP, and Nano. So all of them can be paired with Vite at ViteX Exchange.
ViteX Exchange is available at https://vitex.net/ and there is a wallet available for Android and IOS available for download. Inside the wallet, you can hold your coins and also send them to the market to negotiate them. In addition to that, staking is available.
Staking Vite and ViteX
Staking Vite actually gives you another coin, that's why in the wallet it is called mining. The coin mined with Vite staking is called ViteX (VX). You need to stake at least 134 Vite.
VX coin is more valuable than Vite, right now it is $0.24 USD. It is possible to stake VX also, in this case, it gives you dividends of USTD, BTC and ETH. The minimum to stake here is 10 VX. For now, I am staking 55.42 VX since November, and for now, it gave me around $0.29 USD in other coins as the picture below shows.
Example of VX staking in my wallet.
https://coinmarketcap.com/currencies/vitex-coin/
Other coins in the blockchain
If you plan to start investing in Vite Network with little or no money, you can visit one of the many coin servers at discord, with multiple airdrops all year long.
- Vitamin Coin (VITC)
VITC is the meme coin with more value (around $0.003 USD). The bot wallet used in all other Vite coin servers was built for this coin initially (similar to Tip cc wallet). So in addition to airdrops and tips in these servers, there are also giveaways ( function not present in the tip cc bot), in which the servers add Vite Network coins ( or coins negotiable in the network) for a draw. To enter the draw each participant needs to spend VITC coins.
Discord server: https://discord.gg/vitamincoin
- Vita Inu Coin (VINU)
VINU came with the fever of the dog meme coins and is newer when compared to VITC. The coin value has much more zeros than VITC right now ($0.00000002 USD). However, they have an interesting roadmap which right now included a stake opportunity using another exchange called DigiFinex (also available for mobile), and also a game is planned.
Discord server: https://discord.gg/rkqSKBxJ
- Vitoge (VITOGE)
VITOGE is another dog meme coin that came with this fever, but its value has one more zero when compared to VINU. The coin didn't do many airdrops however recently staking Viva ( another coin still unlisted ) could give you some VITOGE.
Discord server: https://discord.gg/UWXZmxPm
- Other coins
Some other coins are not yet listed. Recently VIVA was created, and all Vite coin network servers started to include it in their airdrops. They created a staking platform for the coin. Initially, you could stake Vite or VX to get VIVA. And recently some staking pools ended to get other coins, such as VITC, VITOGE and VICAT.
Other interesting coins with yet no sign of release are VICAT ( a cat meme coin, discord server: https://discord.gg/8fv53T97) and BROCC ( using a broccoli as a symbol, discord server: https://discord.gg/VsrhcbtG)
- Stay away from that
In the end of 2021, two coins were released with huge airdrops: Banano Gold (BANG) and Bussy Coin (BUSSY). Both are from the same creator, and for some unknown reason ( with some speculations) the coins dropped a lot of their values. And the creator started to spam in other servers. For that reason, those coins were forbidden in the VITC bot. There are some rumors that the creator sold a lot of these coins creating a big rug pull. Since in ViteX network, all coins are paired with Vite and the minimum to be negotiated is 50 Vite to conclude the transaction. Lots of people just got these coins stuck in their wallets.
- Be cautious
The same creator of BANG and BUSSY created RayBlocks (XRB), some joke with the old name of NANO (Raiblocks). Despite some other people assuming the project and adding the creator in the second plan, I would still be cautious to invest in this coin.
SBP rewards
Another source of passive income in the network is voting in one node, some coins have their own nodes, such as VITC, VINU, and VITOGE. When you vote in one of them, you get rewards in one of these coins (depending on the server chosen) and also Vite rewards. The rewards are proportional to the Vite in your wallet ( the minimum is 1 Vite).
If you don't have any Vite, you can get some free in the Vino Comunity discord server ( https://discord.com/invite/8jFjwkzJ ) . There you can find the vino-faucet-bot that can provide up to 0.25 Vite a day (after answering 5 questions about the network). Previously this bot would give 0.5 after 5 questions, but they changed.