Saturday, September 23, 2023

Viva as Vite’s First Staking Protocol


When talking about decentralized finance in Vite and the broader zero-fee ecosystem, the Viva token is often a store of value that gives its owners utility and rewards for staking the token. Viva is a substantial inflationary token that a great team backs. It claims to be the first staking protocol built on Vite.

Viva is a token that lets its owners stake the token on its Decentralized App to earn other tokens from staking pools sponsored by the team behind the token (generally). These pools have a great APR (annual percentage return) that benefits everyone involved and allows them to try out new coins and diversify their portfolios. Even tokens, like ViCat, can be available for staking Viva or other tokens, like ViCat. It lets a coin holder get more of the coin they want.

Pools can be locked. It means that your staking deposit is locked for a certain amount of time, or unlocked, which means you can withdraw your money immediately. These can also have minimum deposits or none. They last a certain amount of time, and deposits should be out when the pool is over.

Aside from that, Viva is working on several Decentralized Finance (DeFi) features that will make it a better token of Vite. Also, Viva has all the same benefits as the Vite blockchain: instant, fee-free, fast transactions that are good for the environment.

Viva’s Achievements and Partnerships

First, Viva widely spreads among many people through its social platforms and outlets (there was no pre-sale, all distribution was free of cost). The first partnerships with many tokens on the Vite network were very successful, and they eventually put on the token the ViteX exchange (which, too, was a bumper listing). Viva is also on CoinGecko, which is a huge step forward for getting people to use it. The latest version of the Decentralized App (Mainnet 0.4) was released, which completely changed and sped up how things work on the Viva platform. Now, something that used to take several minutes can be in just a few seconds. The token’s value comes from the fact that it is always getting better and forming new partnerships.

Most likely, Viva will connect to the Binance Smart Contract (BSC), which will bring in new users to the Vite ecosystem so they can take advantage of Vite’s fee-free structure and help Viva reach more people. It will also make it easy for Viva to list on other CEXs and DEXs, which will help it get more people.

Here’s the vital thing you need to know. Viva DAO is coming soon. Yes, Viva got in-principle approval from Vite Labs for a DAO SBP sponsorship, which they will give after building the services and should be ready by the third quarter of 2022. It will move Viva forward and make it a better investment for investors and holders.

The Future of Viva

Viva is developing new features that will make it the top coin soon. Its roadmap clearly shows that Viva is focusing on the merger with ViteTogether. These loss-free lottery pools will allow individuals to stake their Vite as a form of betting. After choosing the winners, the winner will receive rewards and investment, and all participants will get their staked value back. Viva Games will start soon, but the NFT prize pools will bring the most value to the project. Individuals can stake Vite/Viva to gain free NFTs on the Vite blockchain. The team is also conceptualizing additional DeFi services. All fees from these services will fund staking pools and reward Viva holders.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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