Frequently Asked Questions

1. Crowdsale, presale & whitelist

When Will the Vice Industry Token Sale Start?

The Vice Industry public Token Sale commences on 20 February 2018 at 11 am EST (NYC time). For the latest updates on timing, please connect with us on social media, and subscribe to our email newsletter.

How many Vice Industry Tokens (VIT) will be available in the Token Sale? How many will be created in total?

2 billion VIT are available in the crowdsale. In the genesis (initial block) we’ll create 4 billion VIT. These tokens will be allocated as follows:
  • Vice Industry Token Inc: 1 billion tokens;
  • Crowdsale: 2 billion tokens;
  • Steem Holders: 400 million tokens;
  • Strategic Partners, Advisors & Presales: 600 million tokens.

Is there a minimum or maximum of tokens I can buy during the public crowdsale?

Yes. During the public crowdsale, the minimum purchase is 2000 VIT - approximately US$100 worth of ETH.

What happens if all the tokens aren’t sold in the crowdsale?

If the 2 billion tokens allocated to the crowdsale are not all sold at the end of the sale period, they will revert to the ownership of Vice Industry Token Inc.

Is there a pre-sale?

Yes there was and is a private pre-sale event for the Vice Industry Token. The presale opened on 15 January 2018. Contact info@vicetoken.com for more information.

What the advantages are for buying in the pre-sale, vs buying during the main crowdsale?

Pre-sale buyers will receive a 30% bonus in tokens.
This effectively means that instead of paying the equivalent of US$0.05 per token, you will pay US$0.038 per token.

Can I invest in the presale and pay with cash by wire transfer?

No, we only accept Ether. Please read the Pricing & payments FAQs for more information.

How do I confirm I am a accredited investor?

You do not need to be an accredited investor for the Vice Industry Token Crowdsale, it is open to all participants, no KYC required either!

Are there geographic restrictions for participants of the Token Sale?

The Token Sale is open to anyone who wishes buy VIT. We advise participants VIT is not a security - it is a utility token to be used in the VIT network of websites and partner sites.
We politely remind buyers that they are responsible for ensuring they are compliant with their local regulations and laws.

What is the Steem Holder’s airdrop?

When VIT launches, 400 million (10%) of the genesis tokens will be airdropped to a snapshot of Steem holders of block number 18,500,000 on the Steem Blockchain. The date of the snapshot is December 29, 2017.

2. Pricing & payments

How much is a Vice Industry Token (VIT)?

Each VIT will be sold at at a fixed amount of ETH, equivalent to US$0.05 at the beginning of the public crowdsale.

Which currencies and payment methods will be accepted in the Token Sale?

YOU CAN NOT USE AN EXCHANGE TO BUY VIT UTILITY TOKENS IN THE CROWDSALE. YOU MUST USE A COLD STORAGE WALLET LIKE A NANO S, TRAZOR OR KEEPKEY, OR OTHER WALLET LIKE MYETHERWALLET (MEW) OR OTHER ERC20-COMPATIBLE WALLET
The only payments we’re accepting are Ethereum, from an ERC20-compatible wallet, whose private keys you own and control. This means you can’t pay with ETH from an Exchange wallet.
Need to find an ECR20-compatible wallet? Check out this list from TokenMarket for guidance.
WE ARE NOT RESPONSIBLE FOR ANY ETHER SENT FROM EXCHANGES. PLEASE DO NOT ASK US TO HELP YOU RECOVER IT. WE DO NOT CONTROL THIS.

Are there any discounts available during the crowdsale?

Yes there are, please contact us for further information at: info@vicetoken.com.

3. Refund period

What is the proxy token & refund contract period?

Our refund contract will allow any holder of a proxy token, who purchased their token in the public crowdsale and who did not move their funds from the account they received it at, to redeem each Vice Industry Proxy Token for the original price paid in ETH at the beginning of the crowdsale, until the crowdsale closes.
After the crowdsale closes, the proxy tokens will be redeemable for the native Vice Industry Tokens from Vice Industry Tokens Inc.

4. Bounty campaign

How can I join the Bounty Campaign?

Read full details of the bounty campaign on our Bitcoin Talkpage, and join our bounty-campaign focused Telegram channel for the most up-to-date information and conversations.
Stay updated on the bounty campaign via our email newsletterTwitter and Facebook.

How do we log our work for the bounty?

Please chat to our Bounty Campaign Manager on our bounty-campaign focused Telegram channel

5. About Vice Industry Token (VIT)

What is Vice Industry Token (VIT)?

Vice Industry Token (VIT) is a blockchain-enabled network for the Vice Industry that re-imagines and creates a revolutionary and disruptive commercial model between viewers and the content they desire to consume - namely explicit adult materials. With Vice Industry, everyone gets paid to watch porn (tm).
Vice Industry Token - VIT - is a cryptocurrency and utility token that powers the Vice Industry Network.
Watch our 3-minute video for a brief overview: https://youtu.be/9yQXfvk3fy0

Why does this solution need blockchain?

Blockchain technology is key to both the underlying media platform that tags and identifies content ownership, as well as the billions of micropayments that will be made when content producers, curators and viewers all get paid to watch porn (tm)

Which blockchain does the Vice Industry Token run on?

Vice Industry Token will be run as its own blockchain, powered by the same underlying software that the Steem blockchain uses but provisioned to work optimally with our set stack of applications.

How is the Vice Industry Token different from Spankchain and other similar cryptocurrencies?

The main difference is we pay you to watch and they all ask you to pay to participate. Spankchain and the rest are all narrow, single-use tokens with a small target and user audience. They provide virtually no real utility or value when you stand back and look at it. In comparison, VIT is a global multi-use token that pays participants in a huge, global market with billions of users. We estimate VIT will be one of the most widely used global cryptocurrencies in avery short period of time. Learn more in our blog post

How does Vice Industry Network function differently from websites / tube sites?

Regular websites leave content vulnerable to piracy and theft, meaning that content creators never get paid based on the real views of their content. In contrast, content on the Vice Industry Network can be tagged, meaning that any use or re-use of the content will result in the original creators being paid. Micro payments can also be made to performers.

Will the adult nature of the content on the Vice Industry Network limit its availability in certain countries?

Yes, this is possible. However, it is possible to utilize the blockchain to reward attention in ANY economy. Please contact us in the future to see if you can adapt our blockchain to your project!

How does content tracking work?

Content is tagged with metadata to enable us to identify ownership. This enables us to correctly identify and pay the original content creator even if content is mashed up or used without permission. We can tag the content directly to ensure micropayments to performers as well such is the power of the VIT.

Will Vice Industry Tokens be released on Ethos?

No. We have our own wallet and an inbuilt exchange that’s part of our application stack. This allows similar tokens built on the Graphene/ Chainbase/ Bitshares platform to be exchanged internally on the Vice Industry Network.

Will proxy tokens be turned into regular tokens on a 1:1 ratio? (This would mean 4 billion tokens would equate to 200 million ETH.)

Tokens will be converted on a 1:1 basis.

How are tokens generated?

VIT tokens will be generated as a direct result of user engagement on a “Proof of Brain” basis along with other well founded principles of cryptocurrency attributes as we decide to facilitate.
Viewers will undertake set digital engagement tasks - they will vary depending on what is set by the content creator and curator, and will include engaging video in such a way the rewards sequence (mining of VIT) is activated and then proven for rewards including upvoting or leaving comments and other such means as we employ to enable PoB to activate our rewards mechanisms. These same actions will also earn them a fraction of the tokens that they have generated.

What is “Proof of Brain”?

Token-based systems that reward users for their contributions to a community need a mechanism to evaluate and establish the social value of these contributions (in this case, content). This is called the “Proof of Brain” concept.
By using “Proof of Brain”, the Vice Industry Network will be able to identify and quantify the value of content contributions, and encourage and reward participants for contributing more valuable content.

How do the viewers earn tokens? What is the ratio of coin to action?

Coming soon

Is Vice registered with the SEC?

Viewers earn tokens by performing set digital engagement tasks while viewing content. The task will vary depending on the content creator and curator, but might include watching a video for a minimum period of time, upvoting or leaving comments.
How much VIT each party - content producer, creator and viewer - earns will also vary. We anticipate that on average users will visit twice daily for 5-6 minutes. How many tokens they generate as single users will be directly attributed to how many people are using the network. The more people are engaged, the more tokens are generated.

Will the B2B assistance program be powered by VIT, or is it a separate service?

We will be creating teams of implementation technicians and developers to help Vice Industry businesses and partners integrate the VIT blockchain into their websites and content. We may or may not charge a fee depending on the size and complexity of integrating the partner site and developing a new custom User Interface for tokenizing user engagement and website traffic.

Team & industry backing

Who are your key team members and advisors?

Our team includes:
  • CEO - Stuart Duncan, adult visionary, broadcast pioneer & former C+ developer.
  • CMO - Eric Helsel, Chief Media Officer and internet marketing leader.
  • CTO - Andrey Kostin, P2P crypto expert and Java developer.
  • CSO - Bill Heilmann, Chief Strategy Officer and media agency heavyweight.
  • Kelly Holland, Adult Content producer, adult executive and film director.
  • UX/UI - Michael Koroshun, Front-end specialist.

Will you continue to grow your tech team?

Yes, we aim to continue to build out our tech team with additional expertise. We are currently seeking additional C++ developers, Rails developers and JAVA and fullstack applications developers.

What adult entertainment industry backing do you have?

Vice Industry has partnered with leading adult entertainment companies, including Penthouse, Exxxtasy, Playmen, RedHot TV and SkineMaxHD and many more. View a full list of partners

Who are your technology partners?

As a fork of Steem, we will be actively developing technology for the Steem community as well as developing Smart Media Token functionality.

Is Vice registered with the SEC?

No, because VIT is not a security.

What tech team members or advisors have you on board bearing in mind the critical part that the blockchain plays in this project?

To answer you directly, three of us at the company have direct experience with Graphene. In addition, we have active advisor partners helping who were involved in founding Ethereum and Steem and another who is currently the head of technology at a publicly traded global blockchain company. Because of the nature of Vice Industry Token, they insist to remain anonymous.
Because we need to rely on a large number of implementation teams to engage our technology with partner websites, we will be hiring more developers and web technicians than the 16 people we currently have on staff.
We already have our blockchain functioning and have been using it to test and work on our own Steem soft fork and what we consider our own smart media token protocols. We will be releasing our software and GitHub very soon.

Komentar

  1. It was a great informative post.Go so many useful and informative links.Loved your writings also. Concept of the topic was well discussed. I shared most useful topic, how to generate eBay gift card code

    BalasHapus
  2. Thank you for posting such a great article! I found your website perfect essay writing service of needs. It contains wonderful and helpful posts. Keep up the good work !. Thank you for this wonderful Article! And also found great content on iTunes Gift card

    BalasHapus
  3. I Can See That You Are Putting a Lot of Efforts Into Your Blog. Keep Posting the Good Work. Some Really Helpful Information in There. Nice to See Your Site. For More Information Visit Free Robux Giver for Roblox

    BalasHapus

  4. free Robux

    This information is impressive; I am inspired with your post writing style & how continuously you describe this topic. After reading your post, thanks for taking the time to discuss this, I feel happy about it and I love learning more about this topic.
    If you have time you can check How get free Robux.

    BalasHapus
  5. World Series Live Stream The Astros have taken the lead in the best-of-seven series at 3-2 and head back to Houston one win away from their second World Series title in three years.

    BalasHapus
  6. “Miami is interesting because high season for the market is February and March,” Reiter said. “The projections for watch superbowl online free will not necessarily reflect high percentage changes from last year

    BalasHapus
  7. UFC 246 is an upcoming eventUFC 246 Live Reddit
    . It will air on T-Mobile Arena at Las Vegas, Nevada, United States. And Conor McGregor will return in this match. So, it will be a great match. In this case, people all over the world will want to enjoy this event. We will share some elements by this you can enjoy UFC 246 Live.


    UFC 246 Live Stream
    Watch UFC 246 Live Streaming Free Online
    How To Watch UFC 246 Live Stream online

    BalasHapus
  8. The UFC’s previous double champ has uncharacteristically amicable response to veteran CowBoy Cerrone’’s post about breaking series of all-time records.
    McGregor wishes ‘Cowboy’’ a happy winter Interval but ends with a keen warning about upcoming bout.Conor McGregor has responded for the first time since confirmation of his return bout versus CowBoy Donald Cerrone in UFC 246 in January 2020.
    https://ufc246mcgregor.com/ufc-246-live-stream-online/

    BalasHapus
  9. Peter Rabbit 2 The Runaway (shortened as Peter Rabbit 2 in other territories) is an upcoming 2020 American live-action/computer-animated adventure comedy film directed by Will Gluck and written by Patrick Burleigh and Gluck.
    Peter Rabit 2 Full Movie
    https://peterrabbit2therunaway.com
    More Upcoming Movies...
    Soul Movie
    Morbius Full Movie
    Venom 2 Full Movie

    BalasHapus
  10. Established financial institution products find themselves progressively displaced as well as for both companies and also clients banking has actually largely become more convenient, very easy as well as effective of access. In comparison to conventional banks, FinTech start-ups operate adaptable as well as quick when it involves carry out new solutions based on changing demands. Eyal Nachum is a fintech guru and a director at Bruc Bond. Eyal is the architect of the software that SMEs use to do cross-border payments.

    BalasHapus
  11. Fintech has caused a surge in the number of investing and also savings apps in recent times. Even more than ever before, the barriers to investing are being damaged down by companies like Robinhood, Stash and also Acorns. While these applications vary in strategy, each uses a combination of savings and also very easy, little buck spending to present customers to the markets. Bruc Bond endeavor to lead the financial sector with sustainability, customizable product offering, and open communication. At Bruc Bond we aim to make 21st century banking straightforward, simple, and transparent.

    BalasHapus
  12. This is actually good to read the content of this blog. here is very general and the huge knowledgeable platform has been known by this blog. I, in reality, appreciate this blog to have such kind of educational knowledge.I am sharing related topic which is mostly important for How to Generate. If you have time you can check debitcardgenerator

    BalasHapus
  13. Wonderful post however I was wanting to know if you could write a litte more on this subject?
    I’d be very thankful if you could elaborate a little
    bit further. Appreciate it!
    there is lot people are searches
    Free Robux on internet , most of searches
    How to get free Robux. to
    Get Free Robux and
    FREE ROBUX ROBLOX some people might be confused at this stage. but for
    Earn Free Robux - Redeem Instantly or
    Free Robux - Earn and
    Earn Free Robux you have to visit
    free robux websites. from that you
    earn robux today by very easy way. you may also get
    free robux codes and
    Free​ Roblox ​Robux.

    BalasHapus
  14. Your blog is amazing and also reliable for new readers. It is very useful for new comers. Keep working, thanks. I am a gamer and here is something interesting for you.
    You may Visit here

    BalasHapus
  15. Thank you very much for your great information. It really makes me happy and I am satisfied with the arrangement of your post. If you have time, please visit here visit here

    BalasHapus
  16. Hi my name is mandal stive. I am a Gamer one and am write some articles about minecraft. for read this please click here
    Click Here

    BalasHapus
  17. This is a smart blog. I mean it. You have so much knowledge about this issue, and so much passion. You also know how to make people rally behind it, obviously from the responses click here
    Check here

    BalasHapus
  18. This is a very fantastic blog, it really makes me happy. This is very helpful information for newcomers. Thanks for it. am a gamer and here is something interesting for you.
    You may Visit here desmume speed up

    BalasHapus

Posting Komentar

Postingan populer dari blog ini

ЮСРА ВАША УНИКАЛЬНАЯ СИСТЕМА НЕДВИЖИМОСТИ

KEPLER BOUNTY

SELFLLERY