VBTChain (VT) will soon be launched on the trading burning board of VB and open the VT/USDT trading pair. The specific arrangements are as follows:
Deposit: 20:00:00 (UTC+8), 7th September
Withdrawal: 20:00:00 (UTC+8), 7th September
Trading: 20:00:00 (UTC+8), 8th September
Trading burning rate of VT: 1%
There is a fixed percentage of burning rate will be charged for each sale transaction in the Burning Market ( Deducted for the pending order and will be refunded if the order canceled, the specific proportion is subject to the disclosure of each transaction pair.) This part of the burn fee will be publicized in real time and publicly destroyed on the blockchain on the 1st of every month.
Currency in the burning market, trading is burning, open and transparent, extreme deflation
VB GLOBAL is deeply involved in the digital asset market, which has accumulated rich experience in the full-cycle operation of digital assets, and has achieved a series of phased results. In order to meet the needs of users in terms of asset security, transaction convenience, investment diversity, legal compliance, etc., as well as adapt to the future development and changes of the digital economy, VB GLOBAL will work with industry leaders to jointly develop a digital economy era Infrastructure public chain-VBT Chain (VT for short).
VT is the original mainnet asset of VBTChain. At the same time, it was officially upgraded to the VB GLOBAL public chain platform currency in September 2020, which is deeply tied to the development of the VB GLOBAL platform. The total amount of VT issuance is constant at 100 million, which is an important part of the VB ecology. It can obtain high-quality project quotas, deduct handling fees, participate in welfare activities, and participate in more application scenarios. VB GLOBAL will also rely on its position in the market to gradually empower more VT applications and enhance the intrinsic value of VT.
The relationship between VT and VBT
As the platform currency of VB GLOBAL, VBT continues to enjoy the original rules and rights. VT is an independent public chain. Users who hold VBT can participate in the acquisition of VT public chain coins and obtain VT through liquidity mining. Subsequent VBT may be completely transferred to the VT public chain.
VT economic model
VT liquidity mining
The initial flow of VT is extremely low. About 70% of VTs are produced through mining (liquid mining and POS mining), and 50% of about 50 million VTs are produced through liquid mining. Anyone interested in the VT public chain All users can participate in VT liquidity mining and obtain VT output.
Once the system calculates that the output of liquid mining reaches 50 million pieces, it will automatically close liquid mining participation. Liquidity mining requires the purchase of 20% of the value of the miner's VT as token tickets. The token tickets will be publicized and destroyed. Therefore, the VT ecosystem has its own purchasing power and destruction deflation mechanism.
VB EXCHANGE /2020-9-6