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Viction

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Discover Viction's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Viction?

Viction (VIC) is a people-centric layer-1 blockchain that offers zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. It prioritizes user experience, speed, security, and scalability, utilizing a network of 150 masternodes with Proof-of-Stake (PoS) consensus. VIC is the native cryptocurrency used for various functions within the Viction ecosystem, including payment of transaction fees, staking, delegating, liquidity provision, and governance.

How is Viction used?

Viction (VIC) is the native utility token of the Viction ecosystem, a people-centric layer-1 blockchain platform. VIC is used for various functions within the platform, including:

  1. Purchasing Game Items and NFTs: VIC can be used to buy in-game items and non-fungible tokens (NFTs) on the Viction Marketplace.
  2. Transaction Fees: VIC is used to pay transaction fees on the Viction platform.
  3. Platform Governance: VIC token holders can participate in platform governance through the Decentralized Autonomous Organization (DAO).
  4. Staking and Rewards: VIC can be staked to earn rewards and increase income.

These uses highlight the versatility and utility of the VIC token within the Viction ecosystem.

How do I store Viction?

To store Viction (VIC) tokens, you need to choose a suitable Viction wallet. Here are some good options:

  1. Viction Wallet: This wallet allows users to store, send, and receive non-fungible tokens (NFTs) and other Viction tokens. It provides a user-friendly interface for managing your tokens.

  2. Trust Wallet: This wallet supports millions of assets and blockchains, making it a versatile option for storing and managing your Viction tokens.

These wallets provide a secure and convenient way to manage your Viction tokens.

How to buy Viction?

To buy Viction (VIC) tokens, follow these steps:

  1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports Viction trading, such as Binance, CoinEx, gate.io, or MEXC. Ensure the exchange accepts customers from your country and offers the necessary trading features for your needs.

  2. Create an Account: Register a free account on the chosen exchange by providing required personal information, including your name and email address. Some exchanges may require KYC (Know Your Customer) verification to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit fiat currency into your exchange account using available methods such as bank transfers, credit cards, or other supported payment options. Alternatively, you can purchase a widely traded cryptocurrency like USDT, BTC, or ETH using fiat and then transfer it to the exchange.

  1. Navigate to the Viction Market: Find the Viction market on the exchange, which may be listed as VIC/USDT, VIC/BTC, or other trading pairs.

  2. Place a Buy Order: Enter the amount of Viction you want to purchase and confirm the transaction. The exchange will execute the trade at the current market price.

  3. Store Your Viction: Once you have purchased Viction, store it securely in a digital wallet. You can use the exchange's built-in wallet or transfer the tokens to an external wallet for added security.

Remember to research the exchange, its fees, and security features before making a purchase. Additionally, consider your investment strategy and the current market conditions before buying Viction.

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History of Viction

Viction, formerly known as TomoChain, is a people-centric layer-1 blockchain designed to make Web3 easy and safe for everyone. It prioritizes zero-gas transactions, speed, security, and scalability to contribute to the creation of a more secure and open world. The network operates with a Proof-of-Stake (PoS) consensus and employs advanced techniques like double validation, smart contract staking, and proper randomization to enhance security and chain finality. Viction supports all EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers.

The Viction blockchain introduces the VRC25 token standard, which simplifies token operations by eliminating the need for gas fees during use. This innovation allows users to perform token-related actions without native tokens, as network fees can be paid using the token itself, making it more convenient for a broader audience to embrace the Web3 world without the hassle of gas fees.

Viction collaborates with various partners, including Layer-Zero, Pyth, MoonPay, CoinGecko, and more, to build a decentralized platform that empowers humanity to connect, collaborate, and create without limitations. The project envisions a world where transparency, accessibility, and growth thrive.

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How Viction works

Viction (VIC) is a blockchain platform designed to revolutionize the gaming industry by offering decentralized and transparent solutions. Here's how it works:

Decentralized NFT Marketplace

Viction provides a decentralized marketplace where users can buy and sell in-game items as non-fungible tokens (NFTs). This marketplace allows for secure and transparent transactions, ensuring that users have full control over their digital assets.

GameFi Model

Viction's GameFi model enables players to earn income through gameplay. This model incentivizes players to engage with the platform, fostering a more active and rewarding gaming experience.

Decentralized Autonomous Organization (DAO)

Viction operates as a DAO, which means that VIC token holders have a say in platform governance. This decentralized governance structure ensures that decision-making is distributed and transparent, aligning with the interests of the community.

Key Products & Features
  • Secure Digital Wallet: A wallet for storing crypto assets and NFTs.
  • Game Launcher: A platform to discover and play the best blockchain games.
  • Software Development Kit (SDK): A toolkit for developers to integrate blockchain features into their games.
  • NFT Marketplace: A marketplace for buying and selling game items, digital artwork, and other assets.
VIC Token

The VIC token is Viction's native utility token, used for various functions within the platform, such as:

  • Purchasing game items and NFTs on the Victory Marketplace.
  • Paying transaction fees on the Victory platform.
  • Participating in platform governance through the DAO.
  • Staking to earn rewards and increase income.
Tokenomics
  • Total Supply: 1,000,000,000 VIC.
  • Initial Circulating Supply: 250,000,000 VIC.
  • Token Allocation: Seed Sale (15%), Private Sale (20%), Public Sale (30%), Team & Advisors (15%), and Ecosystem & Marketing (20%).
Technology

Viction is built on a secure and robust blockchain platform, ensuring fast speeds, low costs, and high levels of liquidity. The platform uses a unique consensus mechanism to power its operation, providing a reliable and scalable infrastructure for decentralized applications.

Use Cases

Viction has potential applications in the gaming and esports industries, offering a decentralized and transparent platform for developers to build and launch blockchain-based games and applications.

Team

The Viction team consists of professionals with expertise in the gaming and blockchain industries, including CEO and Co-founder Long Vuong, CFO and Co-founder Le Ho, and CTO Nguyen Sy Thanh Son. This experienced team has a clear roadmap for platform development and is committed to delivering innovative solutions to the gaming industry.

Overall, Viction (VIC) offers a comprehensive ecosystem for the gaming industry, combining decentralized solutions, a robust blockchain platform, and a strong team to drive its vision forward.

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Viction's strengths

The token Viction (VIC) has several strengths that make it a promising cryptocurrency:

  1. Zero-Gas Transactions: Viction offers zero-gas transactions, which enhances the user experience by eliminating the need for gas fees. This feature makes it more accessible and convenient for users, especially those who are new to the Web3 world.

  2. Security and Scalability: Viction employs advanced security techniques such as double validation, smart contract staking, and proper randomization to ensure the integrity and finality of its blockchain. Additionally, it uses a Proof-of-Stake (PoS) consensus mechanism, which contributes to its scalability and stability.

  3. Ease of Use: Viction is designed with a focus on user experience, prioritizing speed, security, and scalability. This makes it easier for users to navigate and utilize the platform without requiring extensive technical knowledge.

  1. Token Standards: Viction supports various token standards, including VRC25 and VRC725. VRC25 allows for gas-less transactions, making it more user-friendly, while VRC725 enables the creation of non-fungible tokens (NFTs) with unique characteristics.

  2. Partnerships and Collaborations: Viction collaborates with several partners, including Layer-Zero, Pyth, MoonPay, and CoinGecko, which can help expand its reach and influence in the cryptocurrency market.

These strengths position Viction as a unique and promising cryptocurrency, offering a range of features that can enhance the user experience and contribute to its growth and adoption.

Viction's risks

Viction (VIC), as a cryptocurrency project, is exposed to various financial risks that can impact its value and performance. Here are some of the key financial risks associated with VIC:

Market Risk

Market risks are a significant concern for VIC. Fluctuations in the cryptocurrency market can lead to sudden changes in VIC's value, making it difficult to predict and manage. Geopolitical events, regulatory changes, and shifts in investor sentiment can all contribute to market volatility, posing a risk to VIC's stability.

Liquidity Risk

Liquidity risk is another critical concern for VIC. If there is a lack of liquidity in the market, it can be challenging for investors to buy or sell VIC quickly and at a fair price. This can lead to significant losses if investors are unable to exit their positions in a timely manner.

Credit Risk

Credit risk is also a potential issue for VIC. If investors or institutions holding VIC default on their financial obligations, it can lead to a loss of confidence in the cryptocurrency and negatively impact its value.

Operational Risk

Operational risks can arise from internal failures or external events that disrupt VIC's operations. This includes system failures, human errors, or fraud, which can compromise the security and integrity of the cryptocurrency.

Legal and Regulatory Risks

Legal and regulatory risks are significant for VIC. Changes in laws, regulations, or legal disputes can impact the cryptocurrency's legitimacy and value. Non-compliance with regulatory requirements can result in fines, legal action, or even the shutdown of VIC.

Foreign Exchange Risk

As a cryptocurrency, VIC is exposed to foreign exchange risks. Fluctuations in exchange rates can affect the value of VIC in different currencies, making it challenging to manage and predict its performance.

Systematic and Unsystematic Risks

VIC is also exposed to both systematic and unsystematic risks. Systematic risks are market-wide and affect the entire cryptocurrency market, while unsystematic risks are specific to VIC and can be managed through diversification and other strategies.

Risk Management Strategies

To mitigate these financial risks, VIC can employ various risk management strategies such as diversification, hedging, and asset allocation. Effective risk management is crucial for the long-term success and stability of VIC.

The Importance of Risk Management

Understanding and managing financial risks is essential for VIC's success. By identifying and mitigating these risks, VIC can minimize potential losses, capitalize on opportunities, and ensure its long-term viability in the cryptocurrency market.

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Viction's ecosystem

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Viction’s team

  • Long Vuong: Founder and CEO of Viction, also a co-founder of the NEM Blockchain Project.
  • Le Ho: Co-Founder and CFO of Viction.
  • Nguyen Sy Thanh Son: Co-Founder and CTO of Viction.
  • Yen Do: Team member of Viction.
  • Tung Hoang: Team member of Viction.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Viction NEWS REPORT

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