The Vice Industry Token crowdsale is coming up on February 20. It represents the public’s chance to purchase VIT and take part in a revolution in the adult industry — the creation of an adult entertainment ecosystem in which everybody who accesses the platform will be rewarded.
Here’s how the crowdsale works. VIT uses Ethereum, a decentralized blockchain platform that runs smart contracts, to generate VIT proxy tokens to customers in exchange for ETH cryptocurrency paid out of customers’ Ethereum wallets.
It is important to note that buyers who want to participate in the VIT crowdsale MUST pay for their VIT out of an Ethereum wallet.
A digital wallet is simply a method of storing your crytptocurrency and/or crypto tokens. Certain kinds of wallets support certain types of platforms. In order to buy VIT, you need to have an Ethereum-compatible wallet and load it up with the amount of ETH you want to use to buy VIT. There are several different Ethereum-compatible wallets available. Buyers who attempt to purchase VIT using an Exchange or any other type of wallet or funding source will lose the currency paid, so it’s crucial to set up your Ethereum wallet before you try to buy.
VIT smart contracts
Sales of VIT are driven by smart contracts. These are applications that define the rules and terms of an agreement or transaction, as well as automatically enforce those rules. A smart contract ensures that a transaction occurs exactly as agreed without any middleman needed.
One of the smart contracts involved in the VIT sale is the ERC20 token, or the token contract. This governs the token itself, including managing transfers and other functions, based on globally agreed Ethereum-powered (ERC20) standards.
Another smart contract runs the sale itself. The VIT sales contract holds proxy tokens for buyers once the buyers’ ETH are paid. The VIT sales contract includes a unique refund functionality. After the crowdsale ends, buyers can either claim their proxy tokens, which are immediately released into the customer’s Ethereum wallet, or the buyer can request a refund, and the original ETH paid will be refunded back into the customer’s wallet and the refunded VIT tokens will revert to Vice industry.
While the refund function will expire on June 28, 2018, buyers will be able to claim purchased tokens indefinitely. After the refund contract expires, purchasers will also be able to redeem their claimed proxy tokens for the native Vice Industry Tokens from Vicetoken.com.
The refund function was introduced in order to offer early buyers the opportunity to use and experiment with the platform to ensure that the VIT network offers them value.
Looking for more details about Vice Industry and the VIT? Check out the whitepaper. Or join us in Telegram!
I have researched Vice extensively and believe in it.
However your presence here on Steemit is shit and since you are an ICO running on an SMT which is a STEEM blockchain token you really should be investing a lot more in Steem promotions.
I have been here on Steem for over 1.5 years and am very successful. I know how Steem works and I have a character that could really help you.
I propose you contract me to help you promote your operation on the blockchains particularly Steem.
Contact me ASAP as your public ICO launch is tomorrow. I can help you a LOT.
lol
Hi! We noticed this same comment on a previous post, and received your inquiry on Facebook as well! Thank you so much for extending a hand!
Yes I am someone who makes things happen, I work hard, I work fast and more importantly I work smart.
I contacted you on many levels though have not actually received any kind of progressive response.
As I said I can help you out a lot, so if your interested get back to me asap so we can move on as your ICO is already in progress and time is TICKING.
Wish you all great success~*~
Hello
How Steemians will get VICE Tokens airdrop? Will we get t in our STEEM Wallet?
it will be etherium based RC20 tokens...not steemit blockchain...
Hi! The proxy tokens that will be issued at the conclusion of the crowdsale are ERC20, however, they will be redeemed for the native token upon launch of the platform, which is built on it's own blockchain - a software fork of STEEM!
How does the airdrop to steem holders work?
Why would there be a Steem airdrop if this is an ERC20 token? Am I missing something here?
It's not a Steem airdrop. It's a VICE tokens airdrop for Steem holders on the 29th of DEc, 2017
Not on but from the blockchain of Dec 29th 2017, 400,000 tokens to be issued to steem holders...... This is a SMT based on the steem blockchain....
@tuddy has a little more info from last month; https://steemit.com/steem/@tuddy/vice-token-the-ico-starts-soon
its not an SMT, its a softfork from STEEM, and as a courtesy they do the airdrop. and yea - its for steem holders at that date, lik i said
Exactly! Someone has done their homework! ;)
Do we know yet how many tokens per steem they will drop?
Acording to their whitepaper, its 400 mil tokens. Not sure on this part but guess it gets distributed by all STEEM holders at that date?
Important!!! Vice Token Wallet Support
There will be a VIT wallet integrated into the VIT platform!
Pre-sale on Feb 19th has been an unmitigated disaster - first all transactions failed as Gas was set too high - then saw on Twitter that pre-sale was paused. Then pre-sale re-opened with a different address to send our hard earned ETH too in direct contradiction of the invite e-mail. Not good.
This was due to a smart contract error, the team quickly resolved it and the sale resumed! The public crowdsale is now open to all! Please feel free to join our telegram chat if there's anything we can help you with!
Waiting for the airdrop.
Hello
How Steemians will get VICE Tokens airdrop? Will we get t in our STEEM Wallet?