What is VITC? Move2Earn, Staking, DAO, SBPs and more!

5 min readJul 31, 2022

Hello friends. Today, I wanted to write a summary article about VITC, a project that I have been following for a while. The VITC community has a very active and innovative audience. In addition to many projects and community events, they also have initiatives in Move2Earn, DAO, SBP and many more. Let’s go to the article and explore the details together!

Vitamin Coin (VITC) is a token on the VITE blockchain. It was created in 2021 by a VITE enthusiast, 1appleaday, who sought to raise awareness about health within the cryptocurrency space.

~From VITC Whitepaper

As you can understand from the quote I made above, VITC is a project that seeks the well-being of the community rather than price and profit, unlike many existing crypto currency projects. Not only in the field of health, but also in the field of blockchain, it strives to raise awareness and add a collective value to its community with various educations.

Now let’s move on to the project properties in detail!

VITE SBP (Snapshot Block Producer) Rewards!

VITE is a great blockchain infrastructure with no fees. Fee-free blockchain networks are generally vulnerable to spam transactions. However, VITE has developed a system called Quota to solve this problem. In this way, you have two options;

Bypassing PoW by staking VITE or
To perform the transaction without spamming the chain by running the PoW system.

A unique and important structure in VITE is the “snapshot” mechanism: its main function is to keep consensus between VITE’s ledgers, in order to eliminate a weakness of the feeless blockchain system.

Snapshot blocks are created by nodes that participate in VITE’s consensus. These nodes are called Snapshot Block Producers (SBPs). SBPs create blocks with transactions in them, saving transactions on the blockchain.

VITC is one of the block producers supported by VITE. SBPs receive a certain amount of VITE (“daily rewards”) everyday. The SBPs can decide what to do with this VITE. SBPs usually distribute a portion of their daily rewards to their voters. Users who have VITE in their wallets can support the VITC project with their votes, so that while the VITC project provides funding, users earning voter rewards too!

VITCDAO!

DAO means Decentralized Autonomus Organization. Basically, innovations, changes and updates on the project; goes through an on-chain voting. In this voting, users approve or reject the arrangements to be made. That means, members of the VITC DAO will be responsible for making key decisions that shape the future developments of the Vitamin Coin project.

The phase 5 scheme of the project, whose phase 5 has been completed, is as follows:

VITC holders receive a share of the profits from VITC projects and implementations. This makes DAO voting even more important. Voting is an indispensable part of the ecosystem for the system to be functional and for the distribution to continue!

VITCStake: Stake and Earn rewards with few clicks!

VITCStake is a dApp infrastructure that you can use by connecting with your Vite wallet. You can earn VITC by staking tokens in your hand, or you can earn different tokens with VITC in your hand. You should follow the VITCStake site, which has a regularly renewed pool, for new opportunities.

VITCSwap: First Swapping service on VITE ecosystem!

As you know, the trade process in the Vite ecosystem was very difficult. We were able to trade on the ViteX exchange, but the lower trade limit was blocking us in some cases. However, our trades were made with an orderbook. In other words, we could not sell quickly at the exact market price, either we were creating an order for the price we wanted or if we were going to hurry, we were trading with the last order entered. With the VITCSwap project developed by the VITC team, these problems become history!

Proof of Sweat: Move2Earn Project!

We’re talking about a community and project that cares about wellness. Of course we should see a Move2Earn project too, right?

Proof of Sweat is a system that gives you a VITC reward based on your daily steps. It does not require any investment. You just have to be a member of the system and start walking.

The system, which is used over the application for Android, also provides services for devices where the application is not supported, or with manual proof submission option for IOS users.

You can also benefit from the rewards by sharing the required walking data on the Discord server. Of course it’s currently in development!

VITC ‘Let’s Get Moving’ App — Planning and Developing Phase

You can think of it as an advanced version of the Proof of Sweat system currently in use. In the Proof of Sweat system, you have to send a manual proof and even if you walk over 7000 steps, you get 250 VITC in a fixed way. In addition, with the Let’s Get Moving application, which is planned to be developed, you will be able to earn more if you walk more while taking advantage of the automated reward system!

Final Thoughts

Unlike many cryptocurrencies that I have seen and experienced for a long time, VITC is a project that is on the agenda with the importance it attaches to its users. In this article, rather than giving you financial advice, I wanted to give you a different perspective and make you look at blockchain projects from a different perspective. I hope I was able to do this.

Remember, what I write is not investment advice. Always do your own research. You can also access much more detailed information with the addresses I have given in the resources section below. Take care, see you in my next post.