Vitae (VITAE) was launched in 2018. Is a PIVX fork token that utilizes a network of Masternodes or Supernodes for decentralized governance and increased transaction privacy. Vitae token is a Proof-of-stake utility cryptocurrency.
Michael Weber is the founder of Vitae (VITAE). In 2011 he began this venture and took on the purpose of providing a path to prosperity for everyone. He studied philosophy, mathematics, and paid attention to trends. In 2014 he developed a company with his business partner Derek Burt which became the biggest undertaking he had ever faced. While he was in this company, he developed relationships with people all over the world, from Germany to Australia and from there to Canada. Michael has reportedly helped thousands of people around the world to overcome financial difficulties.
It has always been my joy to be an important part of helping those in need, by providing the opportunity for them to succeed.- Michael Weber.
Vitae token (VITAE) is designed to function as a utility token on the Vitae group social media application and the Vitae group’s social rewards website. It will have to run a function within the website’s programming. The primary attribute for the Vitae token within the website is a payment system. The way the Vitae system pays users is intricate and has multiple facets.
All transactions within the Vitae’s social media platform rely on the Vitae token. This token allows smooth and secure transactions. The underlying technology could revolutionize the way we see and use money. This technology is Vitae’s blockchain.
Vitae Group’s Pursuit
Explained below are some of the major pursuit of the Vitae group:
One of Vitae’s driving forces is fairness. Vitae pursuit is to make sure everything it does is best for everybody in its community .
Another of the main components of Vitae’s platform is equality which basically means that everyone has a chance, no matter who you are and background you may have, at Vitae, it is believed that you also can make it.
The organization had put a lot of effort and resources to ensure that the Vitae group is fully compliant with the laws and regulations. Having established a strong and robust legal department to make sure everything is done correctly.
Vitae Group Platforms
The Vitae (VITAE) has the following platforms on its network:
Social Media Platform
Vitae believes that users might have been tired of traditional social media platforms, hence Vitae aims at revolutionizing social media. Its social platform rewards all of its users for their activity, thus creating opportunities for everyone. Vitae continuously monitors the trends of the social media industry while building its own state of the art social media platform. On this platform, not only will users find exciting content and features but will also be rewarded for their activity.
Social media does not have to be a waste of time. Come join our network and get what you deserve. A part of Vitae’s revenue. Social media will never be the same again.- Vitae Social
Besides giving everybody the chance for financial freedom by being active on its platform, Vitae (VITAE) has the intention to motivate its users to share a part of their income.
The Vitae charity fund will be used to make a better world by helping the less fortunate and by supporting environmental projects.
The Vitae (VITAE) has the following key properties that make its blockchain comfortable for its pursuits, purposes, and prospective users:
Decentralization is a key component of any blockchain. Traditional transactions are controlled by a central authority, with the need for these transactions to pass through banks. The Vitae blockchain is entirely decentralized, with no government or bank involved. No single institutions can control its network or block transactions.
Peer-to-peer (P2P) Network
The Vitae (VITAE) network is literally in charge. Just as a peer-to-peer network controls itself, and the bigger the network becomes, the stronger it will be, so also is the Vitae’s blockchain. Every peer makes use of the network’s foundation. It also helps to provide this foundation. Each peer is called a node. Every node is considered equal.
No single person can change the Vitae’s (VITAE) blockchain. Because the network is decentralized, there can never be a central point of failure within the system. Every block gets sealed cryptographically. The blockchain can only change when the majority of users agree on this change.
All participants or users on the Vitae’s blockchain remain anonymous. They can trade freely through the secure network. Complete privacy and transaction security are among the top advantages of its blockchain technology.
Vitae Blockchain is an Open-source software. Vitae blockchain’s entry barriers are low. This leads to a stronger developer base. Its open-source software is co-produced by its community, it is shared and it is transparent. The goal is to aid the community, not to make a profit.
Ease of Use
The Vitae’s blockchain is easy to use and it is fast. The flow of data or money (like Vitae token) is faster on its blockchain because of the decentralized network. Unlike traditional transactions through banks which sometimes get delayed and such which require different protocols being followed for large sums of money, and certain software is in use, or hindered transactions due to holidays (as in some countries), the Vitae’s blockchain operates 24/7.
How it Works
Vitae (VITAE), beta test-Launched December 26, 2018 , is a crypto token that is to function as a utility token on Vitae’s Social media application and on its Social Rewards Website. It was built to have a function within the website programming. The exact details of the Social Rewards Website are proprietary and are hidden until when made public . The Vitae (VITAE) token is functioning as a payment system on the website. Vitae (VITAE) is provided its utility as it remains the only method of payment on the Vitae (VITAE) website (even advertising).
Vitae (VITAE) is the utility token for its Social media application to enable access to the products and/or services offered by the company. VITAE is the ticker symbol of Vitae’s utility token. Vitae (VITAE) has a maximum supply of 100,000,000 VITAE and it is currently mostly traded on STeX Cryptocurrency Exchange. Vitae Token is a PIVx fork containing PIVx technology. Much like life, the Vitae token has a purpose that is aimed at providing prosperity through PoS (Proof-of-stake), Masternodes, Supernodes, and its Social Rewards Website.
VITAE is based on BlackCoin PoS 2.0 protocol and is based on Bitcoin core 0.10.x codebase. Vitae token uses a See-Saw effect for rewards distribution, combining all reward opportunities including Proof of Stake, Masternodes, and Supernodes.
Trading Vitae (VITAE)
Trading Vitae (VITAE) tokens require users to know which cryptocurrency exchange is supporting this token, as well as the ‘How-to’ to make a purchase of this cryptocurrency. Explained below is a guide to buying Vitae (VITAE) tokens:
Setting-Up a Cryptocurrency Account
Users intending to buy cryptocurrencies are expected to have a registered account on whichever crypto exchange such user is to trade (e.g Coinbase). This first guide remains sacrosanct to successive trades on the exchange platform. This step might require users to register with their emails as well as setting up Two-factor authentication (2FA) on the user’s account to make sure the user’s account is more secure. Users might also set up their funding sources (i.e how the user plans to purchase either Bitcoin or Ethereum). Available options are either using your Bank Account or Credit Card.
Buying Major Cryptocurrency
Since Vitae (VITAE) is an altcoin, users are to first make a purchase of one of the large cryptocurrencies (BTC or ETH) which provides a trading opportunity for Vitae (VITAE). Users are to buy BTC or ETH with fiat money from their bank accounts or credit cards.
Investing Crypto to Purchase Vitae (VITAE):
Since the user has gotten either Bitcoin or Ethereum, the user will need to invest the acquired cryptocurrency (i.e Bitcoin or Ethereum) into the altcoin supporting crypto-exchange (i.e into a cryptocurrency exchange that allows for the exchange of BTC or ETH for VITAE). And the user must also ensure to make the right choice of trading pair (if the user had Ethereum the trading pair should be VITAE/ETH; or if it were Bitcoin, the trading pair should be VITAE/BTC).
Here is a list of cryptocurrency exchanges that currently supports the trading of Vitae (VITAE):
- HitBTC .
Vitae tokens can be stored on the Vitae QT wallet. Users can download the wallet that fits the user’s laptop or PC
- Apple , Windows 32/ 64 , PC Linux GNU/64, and Arch Linux ARM . Users can also begin to anticipate as its android wallet is also coming soon as stated on its platform.
Earning Vitae (VITAE)
Vitae Token is not a Proof-of-work protocol, yet, there are some ways to earn free Vitae tokens. Earning vitae tokens require users to have some Vitae in their wallets. The POS (Proof-of-stake) consensus on the Vitae’s platform allows users to earn free rewards. To have more Vitae tokens might require the user to set up a master node to get more tokens. Supernodes might also be built to get the most of free Vitae. Regardless of all of these, the best of all ways to earn free vitae token will be through the Social Rewards of Network’s Website. As Vitae is a Proof of Stake token, it is possible to earn tokens by Staking and through a Masternodes
Vitae (VITAE) has the following as partners and supporters on its platform by Phore , Valitax , and Fractal.