ViaBTC (VITA Token) Announces “Start of Duo-Mining 2.0” in Less Than Two Weeks
After a long weight, ViaBTC took to both their official website and their Twitter page to announce that they will be offering some new services. The main source of excitement has to do with the launch of their new token – the VIAT. This token, along with the “start of duo-mining 2.0,” will be launched on October 8th, according to the Twitter post.
The token’s services and privileges are based on the mining system for ViaBTC. The company plans to fix the total VIAT supply at two billion, and no further tokens are planned for production after that. The token will be distributed as follows:
- 12.5% for partner support, which will be released when the company opens token trading
- 37.5% towards CoinEx Accelerator, which will also be released when token trading opens
- 50% to be released gradually as a reward for mining
The 50% of tokens (1 billion VIAT) is for the users that participate in DUO-Mining, which the company has used to divide the tokens between four phases to release it. Every phase comes with the release of an additional 100 million tokens, though the amount of days increases as well.
As the launch begins, ViaBTC has decided to join up with CoinEx in a promotional offer to “give away 1 billion VIAT (ViaBTC Token) every day with a total of 1 billion based on your share of mining yields,” according to the official announcement on ViaBTC’s website.