NEWS UPDATE; VITES COIN IS MAKING WAVES

Nowadays most cryptocurrencies serve solely as speculative assets, out of which most essentially just focus on Bitcoin being faster, cheaper, anonymous or to feature some kind of other gimmick. This leads to a significant lack of real world utility which could and most definitely should come from the use of blockchain technology. Cryptocurrencies can only be adopted as a proper currency if they are usable in many different business environments. In addition, a cryptocurrency must be easy to obtain and utilize by new/less tech savvy users.

Many look at bitcoin to be the only coin that can push for mass adoption, yes bitcoin been the first coin ever created will lead the race for mass adoption but as an ecosystem we need a better project that will serve as a perfect substitute or a supporter. If you look around you only see nothing but many projects that say they are, we are or we shall lead this fate. But bitcoin has taken the lead and only a few projects will ever be able to support the call.

The best time to push for the mass adoption is no time than now, yes we need an ecosystem where crypto owners or hodlers can walk or travel about and will be able to spend their crypto hodlings freely without any hustle. This is the right time to push for this and the call to action relies on no other than the geeks of this ecosystem to move for this to happen.

Many have proposed to develop projects which will work ideas, but have always died down before it see the light of day. Yet as the dream to attain this feat is there a few brave ones have proven to become the world’s leading forces.

One of such projects is VITES.IO

The Vites project has a strong focus on providing actual utility with low barriers for new adopters. Vites will push its adoption primarily through its namesake Vites platform, which will essentially be a digital economy where you can earn or spend the Vites cryptocurrency. With an ecommerce platform and an escrow platforms attached.

Users can enter the world of cryptocurrency by doing things already common in today’s world, rather than having to purchase cryptocurrency outright or mine, a process seen by many outsiders as difficult.
Through the Vites platform, the user can then be exposed to, and incentivised to learn more about, blockchain technology and cryptocurrency as a whole.

Why vites.

Vites is an open source cryptocurrency based on Nist5 algorithm. The Vites cryptocurrency serves as the core utility coin in the Vites platform and related use cases. The emphasis of Vites is solely on creating solid use cases and a functional digital economy around the cryptocurrency.

Vites is a proof of stake cryptocurrency, which means hodlers or users of the vites coin will get periodic rewards for just hodling the coin.

Unlike the mining process which is mostly used for some cryptoprojects. The proof of stake process gives owners the chance to stake the coin and get rewards daily without any hustle.

To be part of the staking system all you need is to hodl a certain amount of the coins in your vites desktop wallet. Staking rewards are 10% annual, users could also get the chance to gain more than the 10% as the coin is also allowed to work with the compound interest system.

The Vites coin comes with the following specs;

Ticker: VITES
PoS algorithm: Nist5
Max supply: 50.000.000.000
Circulating supply: 30.000.000.000
Staking: 15.000.000.000
Development fund: 5.000.000.000
Block time: ± 2.5 minutes
Block size: 8 MB
Block rewards: 10-20% year one
Difficulty: re-target 60 minutes
Confirmation time: 10 blocks (± 25 minutes)
Stake maturity: 30 blocks (± 75 minutes)
Minimum age to stake: 8 hours
PoS Period: Infinite
Time until all coins are mined: At current PoS rate 1,5 – 2 years. But within- or after the first year we are re-adjusting the PoS rate to a significant lower ROI. And we’re going to explore the benefits of adding masternodes. All the changes within- or after the first year will be for the health of the project.

This is the perfect time to jump on to the vites train as the coin has gained over 200% even during the recent hash war and is working to jump in leaps and bounds.

MARKETS.

Vites is listed on the following exchanges;

Crex24.com (crex24.com/exchange/VITES-BTC)
Stex.com

https://www.tradingview.com/x/6dSwDlUp

Vites has been listed on the world’s number one cryptocurrency market capitalization platform the coinmarketcap.com and also has been listed on the coinlib.com platform. On this platform you can access the coins current trading volumes and other important information such as the all-time highs and lows of the vite cryptocoin.

Visit www.vites.io also on social media facebook and twitter VITES, you can follow for news also on t.me/vites.