VITAE is a cutting edge cryptocurrency, with many features not available in most other cryptocurrencies.
- Anonymized transactions using the Zerocoin Protocol.
- Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
- Decentralized blockchain voting providing for consensus based advancement of the current Masternode technology used to secure the network and provide the above features, each Masternode is secured with a collateral of 20K VIT. Each Supernode secured with 10K VIT burn.
More information at vitaetoken.io
| Algo | Quark |
| Block Time | 45 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply (PoW Phase) | 1,105,940 VIT |
| Max Coin Supply (PoS Phase) | 100,000,000 VIT |
| Premine | 1,105,940 VIT* |
*800,000 VIT of the Premine is to be burned for creation of Supernodes. As of Block 23575 nearly 300,000 VIT has been burned for the creation of Supernodes.
| PoW Phase | |||
|---|---|---|---|
| Block Height | Reward Amount | Notes | Duration (Days) |
| 1 | 30 VIT | Initial Premine | Approx 0 Days |
| 2 | 1,100,000 VIT | ||
| 3-200 | 30 VIT | Initial Mining | Approx 1 Days |
| PoS Phase | |||
| Block Height | Reward Amount | ||
| 201-Infinite | Variable based on SeeSaw Reward Mechanism | ||
| Block Height | Masternodes | Miner | Budget |
|---|---|---|---|
| 1-2 | 0% (0 VIT) | 100% (1100030 VIT) | N/A |
| 3-200 | 0% (0 VIT) | 100% (30 VIT) | N/A |
| Phase | Block Height | Reward | Supernodes | Masternodes & Stakers | Budget |
|---|---|---|---|---|---|
| Phase 1 | 201-210000 | 30 VIT | 60% (18 VIT) | 40% (12 VIT) | 0% (0 VIT) |
| Phase 2 | 210001-??? | 25 VIT | 60% (15 VIT) | 40% (10 VIT) | 0% (0 VIT) |