Vitely #7: VinuSwap Testnet, TOR Cancels Presale, Vinu AMA

VinuSwap Testnet Update

TOR Token

TOR has been undergoing some rapid and large changes over the past couple of weeks ever since announcing their original presale of their token. Originally, the launch was going to have a 40% presale for their token, this led to prominent members of the Vite community raising some questions and concerns. TOR then announced a large token distribution change, including changing the presale amount to 20%, and wanting to sell it all within 1 hour, for around $20,000 worth of Vite.

This immediately raised further questions and concerns by members of the Vite community, some likening it to a potential scam and even comparing it to previous scam tokens on Vite. Members also raised concerns about a lack of initial transparency around a portion of the TOR tokens being stolen. Meanwhile the TOR team and TOR supporters are pushing back on the legitimacy of the project.

It has now been confirmed that the TOR project has cancelled their presale, and are leaving Vite all together.

With these changes, additional questions were raised by users. What happens to the TOR tokens already collected, do they have any use? The answer coming from Mor, a team lead at TOR was, “Unfortunately, No.” When asked if the tokens already collected will be honoured and converted to the BSC version, the answer was also “No”.

It is currently difficult to know exactly what is happening with TOR at the moment, or the future of TOR. If you have questions of your own, or would like to see the discussion yourself, please check out the TOR Discord Server.

The TOR team has left this announcement:

Dear TOR community,

We regret to inform you that we have decided to cancel our pre-sale and leave the Vite network. We understand that this may come as a disappointment to some of our supporters, but we believe that this decision is in the best interest of our project and our community.

After careful consideration and evaluation of our project’s needs, we have decided to transfer our TOR token to the Binance Smart Chain (BSC) network. We believe that this move will provide us with the necessary resources and tools to achieve our goals and deliver the best possible experience for our users.

As a token of our appreciation for your unwavering support, we would like to offer some tokens to our active members. We hope that this gesture can help ease the disappointment caused by our decision.

We apologize for any inconvenience this may cause and want to assure you that we remain committed to our vision and our community. We will continue to keep you updated on our progress and welcome your feedback and support in ⁠changes.

Thank you for your understanding and continued support. Sincerely,

Toranj Team

Vinu BilliDrop AMA

Summary

Yasin, a community moderator, introduces himself and hosts an AMA session about the new game called Vinu Drop created by the BilliDrop team. The AMA emphasizes the importance of following server guidelines. The CEO of BilliDrop, provides an overview of the game, explaining that it is a raffle where participants purchase tickets. Ticket prices are fixed, and as more tickets are sold, the prize pool increases. Winners are chosen randomly using a fair system, with prizes ranging from small amounts to a top prize of $10,000. Revenue generated from the game is shared between BilliDrop and the Vita Inu project for community initiatives. The game’s transparency and security are highlighted, with the contract and winners’ transactions being publicly accessible.

Participants can check if they have won by viewing their wallet or the list of winners. The game’s bonus button provides promotional bonuses, and a coupon game will soon be included, offering utility for the Vita Inu token. The main draw is conducted in BNB to avoid price volatility, while the coupon game uses Vinu tokens. A majority (75%) of the funds received for each draw are paid out as prizes, which is higher than conventional lotteries.

The speaker discusses the better odds of winning a drop compared to a traditional lottery due to guaranteed winners and lower overhead costs. Anonymity is highlighted, allowing winners to decide how to declare their winnings. The transparency of blockchain enables people to see transactions and fees. If a drop doesn’t fill, it remains until it does, aiming to increase the jackpot over time. The drop is not just a game for money but also a platform for showcasing projects. The website and app are continuously updated to enhance the user interface and overall experience.

VinuChain

Staking Pools