VITE is both a decentralized application platform and a decentralized exchange. It features a DAG ledger where transactions are grouped by accounts. Send and receive transactions are kept separate enhancing the processing speed since the process eliminates the need to wait for a particular transaction to end. It also features Asynchronous Architecture which splits transactions into small pairs allowing ultra-high performance. As a decentralized exchange, this platform allows asset issuance,Show more [+] inter-token transactions and cross-chain value transmission using the loopring protocol. This protocol will be the first practical user feature on the VITE platform. VITE is designed to cope with scalability issues, low latency and security.
VITE is an erc20 token that is used to run transactions on the VITE network. It is a utility token that is not premined and has its own official wallet. The total token supply is 1,000,000,000. The token's ICO (Initial Coin Offering) ended around August 1, and raised about $28 million. A token retailed at $0.0620 during the ICO. VITE says that there will be an airdrop (token distribution to various wallets) and that they will announce the structure to be followed soon. The token is available on IDEX, Hotbit and CoinEx exchanges.
VITE is managed by a team of experienced professionals competent in various niches. Among these experts is Charles, a technical expert and blockchain entrepreneur, Richard, an experienced wall street professional, Frank Deng, specialist in digital and mobile marketing and others.
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