There's really not much information about it. This is what it says in the whitepaper:
Vice Industry Token Inc. will airdrop 400,000,000 (10%) of the genesis tokens to
STEEM token holders as of block number 18,500,000 on the STEEM Blockchain. The
airdrop to STEEM holders will be distributed by January 1, 2021, and possibly earlier,
in a manner and time period of Vice Industry Token Inc’s choosing.
No idea why we won't get our airdrop for 3 years? lol. Anyway like I said I think in the end it's all good press for Steem.
If they would have used SMTs it would have been fantastic... now there is just a new fork... diverting attention... but as said... I think the no-update-situation means that there are massive problems and we better should not expect SMTs anytime soon.... :(