Is layer-1 blockchain Vite (VITE) crypto rising on Binance.US listing?

June 02, 2022 02:47 AM AEST | By Versha Jain
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  • Vite (VITE) is a layer-1 Directed Acyclic Graph (DAG)-based smart contract blockchain.
  • The VITE coin is used for transactions, smart contract executions, staking and voting. 
  • The coin will start trading on the Binance.US crypto exchange on June 2. 

The Vite (VITE) coin’s price and trading volume rose after listing on the Binance.US crypto exchange. The deposits are already open, but trading and withdrawal would start from June 2. VITE’s initial trading pair on Binance.US would be VITE/USD and VITE/USDT.

But that’s not the only reason for the coin’s price rise. One more update may have boosted its gains. The zero-fee blockchain said on Twitter that the multichain decentralized exchange ViteX built on Vite would use the trading pair VICAT/VITE for “market-making as mining” from June 3. It would also give users rewards for using the trading pair.

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Ranked 698th based on its market cap by Coinmarketcap, the VITE coin was up 5.27% to US$0.03056 at 9:57 am ET on Wednesday after the updates. It was also a 445% up from its all-time low of US$0.00560382 in March 2020, according to CoinGecko.

Vite and its products:

Vite is a layer-1 Directed Acyclic Graph (DAG)-based smart contract blockchain. It optimizes scalability, security, and transaction speed with zero or minimal transaction fees. The Vite Network allows users to develop dApps, such as games, payment networks etc.

Vite’s products include ViteX, a decentralized exchange, and Vite App, a multipurpose mobile application offering asset management facilities through its wallet and dapps, such as Vite-based games.

Vite Pay is its payment solution, and VitePlus is an enterprise blockchain application.

Also Read: Why XCAD Network (XCAD) token's trading volume surged over 100%?

Vite CryptoData Source:

Also Read: What is Synthetix (SNX) crypto? Will it continue rising?

VITE Coin:

The VITE coin is the Vite blockchain’s currency used for simple transactions, smart contract executions, staking and voting on the network. 

VITEs’ total supply is 1.03 billion, and the current circulating supply is 508 million. Its market capitalization is US$15.5 million with 2,220 token holders. Interestingly, there were only two active holders in the last 24 hours, as per Coinmarketcap. The crypto exchanges offering VITE coins include Binance, BitMart, OKX, Bitrue, Hotbit, and Pionex.

Also Read: Is Cardano (ADA) crypto rising on Iagon’s Ethereum-Cardano bridge news?

Bottom line:

As the digital infrastructure improves, more projects are linking themselves with Web3. Experts foresee rapid expansion of the Web3 concept to different domains.

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