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“We have lift-off”! – Vector Smart Chain Launches! + First Stats

“We have lift-off”! – Vector Smart Chain Launches! + First Stats

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Disclaimer: Not financial advice. Always do your own research and consult a professional finance advisor before making any investments.

One year from it’s beginning, Vector Smart Chain has launched. The “people’s blockchain” as it has come to be called within the VSC Community, is now in motion. Holders have been bridging tokens and token contracts are now able to be created. Launch is in full swing and there is much, much more to come.

“After months of rigorous development, testing, and collaboration with our community, we are proud to introduce a groundbreaking Layer-1 blockchain designed for scalability, security, and innovation”

vsgofficial.com

The best place to be right now to stay up to date with what is happening and receive fast support is the official Telegram community. As would be expected the VSC community is super excited to start using the chain to start trading and benefit from the features it brings to crypto.

To summarise some of the main benefits VSC brings for those who are exploring VSC for the first time:

  • $4 Flat-Fee Gas
  • EVM and Cosmos Integration
  • Hyper-deflationary. $1 from each transaction on-chain is burned.
  • On-Chain Staking

To learn more about Vector Smart Chain, visit the official website or read the whitepaper.

To read the full announcement, see the official website post.

What do I do now?

If you’re a current holder of VSG on the Ethereum network you can either choose to hold your tokens, or you can choose to bridge them to VSC. The advantage of bridging is that you can benefit from the features of VSC, such as the flat-rate gas. You will also be able to Stake your tokens and buy newly launched contracts.

Some official tutorials have be released –

How can I buy VSG?

If you haven’t yet bought VSG, and would like to, you can avoid the costs of bridging by purchasing on Ascendex (not available in the USA) otherwise you can still buy VSG on Ethereum and bridge to VSC afterwards.

More options to buy VSG on Centralised Exchanges will become available soon.

Statistics From First 24hrs

Some statistics from the first 24hrs have been released:

  • 2,816,717,574 onchain VSG
  • 493,116,504 staked VSG
  • 17.5% onchain staking ratio

Additionally statistics have now been added to the front page of the VSC Dashboard.

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