Introduction

Vita Inu Coin (VINU) is the governance token of the VINU ecosystem and a token on the Vite DAG network. Created in 2021, VINU is the world’s first fast, feeless (and cheeky) dog-themed meme coin with high TPS and smart contracts.

VINU’s philosophy is to have fun, make new friends, and learn all about the greatest technological revolution of our lifetimes – cryptocurrency – within an engaging, viral ecosystem. In conjunction with the Vite network, VINU seeks to play its part in building large DAG ecosystems where various cryptocurrencies may be moved around freely, securely, and efficiently.

The VINU metaverse (the “Vinuverse”) is under development, and will comprise a full VR World, the VinuSwap Dapp, NFTs, staking, rewards, events, merchandise, and much more. Holders of the VINU token will be able to move seamlessly – and enjoy various benefits – within the Vinuverse.

VINU is built on the principles of transparency and accountability. We are fully committed to working for the long-term success and sustainability of VINU. VINU understands that most memecoins are all bark and no bite, but VINU have both – offering perks that disrupt the new meme economy, such as zero fees, light-speed transactions, smart contracts, and high scalability. Through VINU, both new and seasoned cryptocurrency advocates may learn about various cryptocurrencies and how they may be bridged and connected in fun and fruitful ways.

Vite Network

Vite uses a Directed Acyclic Graph (DAG) ledger structure, and is a low-latency and highly scalable network. It is also the first public chain to implement smart contracts on the basis of a DAG ledger. Transactions on the Vite network are fast and feeless. The broader aim of the Vite network is to bridge different blockchains in a decentralized way.

One distinctive feature of the Vite network is its “snapshot” mechanism. This mechanism’s main function is to maintain consensus on Vite’s ledger. Snapshot blocks are created by “nodes”, which are called Snapshot Block Producers (SBPs). Vite holders can “vote” for SBPs, and the top 100 SBPs with the most votes will be allowed to produce blocks. As a reward for creating blocks, SBPs are rewarded (in terms of Vite) based on the number of blocks that they produce.

Typically, SBPs distribute a significant portion of their daily SBP rewards to their votes, as a way of rewarding them. VINU has partnered with the ViNO SBP, and Vite holders who are interested in supporting the VINU project may vote for the ViNo SBP. This will allow them to receive daily Vite rewards from the ViNo SBP, and additional VINU tokens from the VINU team. Receiving additional VINU tokens means that these Vite holders will end up receiving more rewards, compared to simply voting for an SBP that does not distribute additional tokens.

Tokenomics

The total supply of VINU at inception is 1 quadrillion (1,000,000,000,000,000). No more than this amount will ever exist. This means that there will be no worries about inflation pertaining to VINU.

Overall Distribution

• 50% of the total supply of VINU will be reserved for its Decentralized Autonomous Organisation (DAO) component. Registered DAO members will be able to receive rewards for participating in the activities of the DAO. Details of the DAO, and how to register for it, will be made available soon.

• 25% of the total supply will be distributed to the public.

• 25% of the total supply will be reserved as payment for the contribution of the project team members.

Decentralized Autonomous Organization (DAO) - 50% (500T)

The largest portion of the total supply of VINU (50%) is reserved for the VINU Decentralized Autonomous Organisation (DAO).

• 100T is scheduled for monthly burns. This helps to maintain a stable value of VINU on the market.

• 75T will be used for marketing purposes. This includes paying for advertisements and other forms of publicity collaterals.

• 75Twill be used for the growth and development of various aspects of the VINU project.

• 250T will be spent in accordance with the deliberations and votes of registered DAO members.

Public Distribution - 25% (250T)

In line with the core philosophy of VINU – to have fun, make new friends, and learn about cryptocurrency – a significant portion of the total supply (25%) will be distributed to the public. Here are the details of the public distribution.

• 100T was sold during a pre-sale, at a discounted price ($0.000000001 / VINU). The pre-sale took place from 9 to 15 November 2021.

• 25T will be distributed through airdrops. These will be in the form of contests and games on VINU’s social media platforms – Discord (https://discord.com/invite/VitaInu), Telegram (https://www.t.me/VitaInu), and Twitter (https://twitter.com/VitaInuCoin). These funds are intended as rewards for those who participate actively in VINU community activities.

• 25T will be allocated as rewards for voting for the ViNo SBP (partnered with VINU). Vite holders who vote for the ViNo SBP are eligible to partake in this portion of funds, in addition to their daily Vite voting rewards.

• 100T will be reserved as staking rewards on VinuSwap, and in partnerships with reputable Centralized Exchanges.

Team Distribution - 25% (250T)

• 25% of the total supply of VINU is allocated as payment to VINU project team members.

• 10% of the team distribution funds will be disbursed to team members on Day 1 of the project listing.

• 65% of the team distribution funds are allocated as monthly payments to team members, for their contributions to the VINU project.

• A final 25% of the team distribution funds are reserved as “bonus” for core team members at specific milestones (6th, 12th, 18th and 24th month marks)

Features

Vinuverse

VINU's metaverse aspirations

The VINU metaverse (Vinuverse) will be a digital world where people can play, socialize with each other, and even invest and earn.

VR Worlds & GameFi

The VINU VR world is a persistent digital space that users can access with VR headsets. As this continues to be developed, these are some of the things that users may be able to do:

• Play: Play games with other users

• Socialize: Chat with other users, and even attend social events together

• Customize: Generate and add content to the VINU VR world, making the space into their own

• Invest: Take customization one step further, and buy your own plot of land within the Vinuverse. This can be rented or sold as you please, just like real estate in the physical world

Avatar NFTs

The avatars in the Vinuverse may also be minted as NFTs, which may grant further access to special areas within the Vinuverse and beyond. VINU will also be releasing various NFTs, which can be used as profile pictures and identity markers as users move through the digital world on various platforms.

VinuSwap

VINU leverages on the Vite network’s capabilities to develop smart-contract based cross-chain bridges between Vite and other blockchain network. This allows VINU users to move their tokens seamlessly between different ecosystems, and to utilize various features and functions that we will build within them. For instance, upon the creation of the Vite-BNB Chain bridge, VINU holders can bridge their VINU tokens over to the BNB Chain. They can then engage in a whole range of actions within that network, including staking and swapping for other tokens.

The VinuSwap will be a decentralized exchange with several key features, bringing a range of utility to the Vite ecosystem. The combination of these features also allows the savviest of investors to maximize their yield.

Bridge

One of the features of the VinuSwap is to facilitate easier cross-chain transfers to from the Vite network. Currently, VINU holders have to use the Vite wallet app to make cross-chain transfers. With VinuSwap, they can simply connect their Vite wallet and external wallet (such as MetaMask, or any wallet with WalletConnect capabilities), and make cross-chain transfers seamlessly. This will reduce the difficulty threshold for newcomers, and play an important role in making the fast and feeless Vite network more accessible.

Swap

VinuSwap will be an automated market maker (AMM) decentralized swap on the Vite network. It will allow users to swap their tokens – even small amounts – without needing to engage with order books. Prospective traders can make their trades at the best rates with low fees, via a simple and intuitive front-end interface.

Users will also have the chance to provide liquidity to the trading pairs on VinuSwap. A significant portion of the trading fees incurred on the VinuSwap will be distributed back to the liquidity pools. Over time, and depending on the trading volume on VinuSwap, this increases the value of the liquidity pool (LP) tokens that providers hold.

• Stake: VinuSwap will also offer an in-house staking platform, becoming independent of other staking platforms on the Vite and other networks that it is bridged to. VINU holders will be able to stake their VINU tokens to earn VINU rewards, as well as other coins or tokens from our future partners. Liquidity providers will also be able to stake their LP tokens to further increase their yield.

Borrow and Lend

VinuSwap will also contain a lending platform. This allows users to lock their VINU in a lending pool, for other users to borrow. A significant portion of the interests accrued from these loans will be paid out to lenders. In the case of defaulted loans, the collaterals provided by the lender will be distributed among lenders.

From the borrowers’ perspective, VinuSwap’s lending platform allows them to request and make use of VINU while holding on to their other cryptocurrencies. That is, they do not have to sell their holdings to get VINU (which they can use for various activities, such as staking)

Decentralized Autonomous Organization (DAO)

Summary: VINU will be the governance token of a DAO, which means that VINU holders can make key decisions about the development of the project.

VINU will gradually be transformed into a Decentralized Autonomous Organization (DAO). The VINU DAO will be a community-driven organization, where key decisions can be made collectively by the community. That is, the VINU DAO will be a democratic community where everyone can have a say. Needless to say, this ties in well with VINU’s commitment to transparency and accountability.

The VINU token will be a governance token within the VINU DAO. VINU holders who register for the VINU DAO will be able to vote on key proposals that determine the development and direction of the VINU project. This includes – but is not limited to – burn schedules, allocation of funding, and choice of partnerships. The voting “weight” of each address corresponds to the amount of VINU tokens that it contains. This means that the more you are invested in the VINU project, the more influence you will have over its development.

As the VINU DAO gets gradually implemented, a significant portion of the total supply of VINU will gradually come under the control of VINU holders and the VINU community.

Tracking Vita Inu