Vitely #5: Vinu $3.5M Investment, VITC Buyback, VS Listing & Pools

  • Posted by Soi
  • 2 minute read

Vinu secures a $3.5M investment, while the VitaminCoin team buys back and burns over 6M VITC. VS Token is launched, and listed on ViteX and VITCSwap, and offers two high APR pools on VITCStake.

VINU $3.5M Investment

Vinu announced a $3.5M investment from Bitgert.

This investment is not an immediate injection of cash, but instead will gradually be provided as Vinu development progresses. Some development has already been completed, such as VinuPay and VinuPixel.

We’ll be interested to see how this plays out with the upcoming releases of VinuChain, VinuSwap, VinuFinance, VinuWallet and Vinuverse.

The $3.5M that Bitgert is buying will sourced from the Vinu Development fund, and then the DAO fund if necessary.

Move VINU News

As we’ve seen in almost every Vitely, Vinu continues to be on an endless roll when it comes to partnerships.

6.5M VITC Buyback & Burn

The VitaminCoin team have also made an announcement this week, stating they had bought back over 6M VITC and burnt it all to permanently decease the total available supply. They also mentioned that there are more upcoming initiatives to further enhance the benefits of holding VitaminCoin.

We have repurchased a whopping 6,286,792 VitaminCoin from vitex in the last month!

We’re burning it all! That’s right, all 6,286,792 VitaminCoin will be permanently removed from circulation.

Why are we doing this? It’s simple – decreasing the supply of VitaminCoin increase the share of the total supply of the coins you’re holding. This step demonstrates our commitment to our community and our unwavering belief in the future of VitaminCoin.

Keep in mind that this is just one of many strategies we’re deploying to make VitaminCoin even more beneficial for you. There are plenty more initiatives in the pipeline, and we’re excited to share them with you in the future.

Thanks again for your support and trust in us. You are the backbone of our community, and together, we’re making VitaminCoin a vibrant and valuable part of the digital currency world.

– Your VitaminCoin Team

New on Vite Spot

On Vite Spot’s 1 year Birthday we launched VS! 🎉

In the upcoming weeks, we plan to provide more information and instructions on how you can contribute and earn VS.

Successful contributions have the potential to earn between 200,000 to 225,000 VS (currently worth $21.73 – $24.45 USD), and between 25k-50k VS ($2.72 – $5.43 USD).

We will also be looking to expand the team with talented and knowledgeable members of the Vite community. With members being able to additionally earn from the VS Team fund to help Vite Spot grow.

VS Listing and Pools

In addition, earlier this week, VS was successfully listed on both ViteX and VITCSwap.

The demand for VS exceeded expectations, as it continues to be included in the top 5 most traded tokens on the Vite market.

VS was also listed in 2 pools on VITCStake this week. Each pool allowing users to stake their VS to earn rewards.

One pool for earning Vite, and another pool for earning additional VS tokens. Both pools are offering high APRs as thanks to early adopters and incentives to VS holders.

VS Community Update

For all those who have shown interest and support for what we’re trying to build here, we wanted to extend our most heartfelt thanks and appreciation ❤️. We continue to see the community grow, not just on our social accounts, but also in our readership views on Vite Spot.