VT will publicize major issues according to the notice from the VT public chain team:
In order to cope with the growing market of VT, the VT team decided to split VT and destroy two-thirds of the total VT.
The total amount of VT will be split 30 times, and the total amount will become 3 billion. After splitting, 66.66% of VT will be destroyed immediately (2 billion destroyed). That is, the total amount of VT after splitting is 1 billion.
VT trading suspension time: 18:00:00(UTC+8), September 22, 2020
VT reopening time: 20:00:00(UTC+8), September 22, 2020
VT reopening price: 1USDT
After trading is suspended, the system will automatically cancel all VT pending orders. The user does not need to perform any operations, VB will automatically complete the split and exchange the new coins for users. For example: the user holds 100 VT on the VB network before the split, and the number of account VTs will become 3000 after the split.
2 billion VTs will be destroyed immediately after splitting. The VT economic model remains unchanged, and the mining distribution is based on the original model scale; the VT smart contract address will also be replaced.