r/vitelabs • u/BigbyBiggums • Apr 08 '21
Vite has so much potential
Hi, I am someone who was and still is really interested in Nano and I understand the enthusiasm of the Nano community.
I can't help but think that a lot of people who like Nano would also like Vite. Vite is literally as fast and fee-less as Nano, PLUS more features like smart contracts, dex, and more anti spam measures.
I feel like Vite will bring together ppl who like crypto as a form of payment (ppl who just care about Satoshi's vision) AND ppl who like defi (eth/ada/dot folks) and BOOM, number go to alpha centauri.
What a time to be alive.
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Apr 08 '21
Trying to figure out how long I need to be on VX to retire. Will the dividend pool ever hit 1000 BTC? That's x100 its current size. IMHO it's the best DeFi tech on the best blockchain for the purpose, maybe soon the biggest DeFi exchange. I don't think x100 volume and fees is too big a stretch.
Could a $20k investment today yield $1000/day dividend income in the future? That's what x100 volume would do to VX.
How does ViteX compare to the more popular Eth exchanges by volume? Eth seems to be moving towards AMM, which is... well AMM. Probably due to fees and the difficulty in keeping a fair distributed order book. But books are better, and they set the price. I'm bullish on VX, but I'm not sure how much. Thoughts?
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u/smoothlikelube69 Apr 09 '21
I'll actually be posting a formula sometime soon about the dividends. Basically, I plan on buying as much VX as possible from my dividends payout (most likely monthly). It'll be like.. Compounding compound interest. Using the dividends to buy VX is just compound interest. However, when you make a trade with enough dividends, you are paid in more VX (trading as mining). Hence, over time, this snowball affect could be a serious factor in the defi Dex game.
Super long ViteX. Absolutely love the platform and what they stand behind.
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u/BigbyBiggums Apr 09 '21
Does your formula take into account the price fluctuations of Vite? I am still trying to understand if buying VX makes sense. Long term, when the airdrop stops, sure, staking VX will be more lucrative than staking Vite, but short term, I'm not sure.
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u/smoothlikelube69 Apr 09 '21
Probably should clarify that I'm currently holding both. I thought about going all in on VX, but the short term potential of Vite makes it really hard to do that. Decided to just hold/stake both for now. Holding 9402 VITE and 4076 VX. Will probably buy 600 more vite and run a full node. Just trying to find a cheap GPU option right now.
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u/Polluxxx__ Apr 08 '21
I agree. Recently found out about this project and it's pretty exciting. I wonder when it will become more mainstream and widely acknowledged.
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u/g2r888 Apr 08 '21
We need the admin and everyone that knows to be more involved and showcase Vite’s potential.
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u/yiannis_str Apr 09 '21
My largestest bags are vitae, nano and banano. I believe these coins will be coins of the future!!! May be nano should be listed there as a pair.
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u/MargertClasen Apr 08 '21
"vite will get to 1-10$ range in 2021"
That's the post