 | Hey, r/cryptocurrency! We are super excited that you guys have decided to host VinuChain for an AMA. Just to provide a little background on our team, I am the Co-founder of VinuChain have been in the crypto space since 2017 and was originally involved in community work with Nano and later another feeless network called Vite, and before that, ran a branding company for 8 years. Elemont is the CEO and has worked in traditional finance banking for more than 10 years as well as crypto from 2017 on various projects including VINO and Vite. Tylerrdm is also the Co-founder of VinuChain and has a background in economics and public policy and philosophy and has worked at NordVPN. All three of us are also the Co-founders of Vita Inu (VINU), the fast and feeless memecoin. One of the Tech Leads for VinuChain (Samuele) has Co-authored multiple papers in machine learning in addition to EIP-5375 for Ethereum Foundation. AMA START TIME: October 16, 16:00 UTC AMA END TIME: October 16, 18:00 UTC VinuChain Network VinuChain is a groundbreaking blockchain project that encompasses the best of both worlds - innovation and scalability. As a DAG-based EVM chain, VinuChain boasts one-second finality and near-infinite scalability at a fraction of the cost of traditional blockchains, or zero cost to users who stake. VinuChain offers the unique advantage of 'Determinably Feeless' transactions to stakers through its Quota system. The Quota System allows stakers of VinuChain's native token (VC) to access a specific quota of feeless transactions based on their stake amount. The new system ensures equitable distribution of transaction capabilities while eliminating direct transaction costs for stakeholders. It also offers non-stakers the flexibility to conduct transactions traditionally, paying the gas fees, thereby accommodating diverse user preferences within the network. This system not only minimizes the friction associated with fees, but also opens the door to a range of real-world use-cases such as microtransactions, gamified experiences, and a more cost-effective DeFi landscape. With this innovative solution, VinuChain aspires to revolutionize the blockchain environment, making it more accessible, efficient, and user-friendly for all. When compared with other chains that claim to be “zero fee”, there are some key advantages. Unlike most other zero fee chains, VinuChain is EVM compatible which is crucial for cross-platform integration and development which ultimately leads to a stronger developer ecosystem. Being EVM compatible also alludes to the fact that VinuChain is smart contract enabled, unlike some other zero fee chains. Lastly, VinuChain’s tokenomics have been structured in a way that we believe is more beneficial for holders than our peers, with the issuance of block rewards to assure security of the chain paired with the deflationary pressure of the burning of a portion of gas fees each transaction. $VC Tokenomics The VinuChain Coin (VC) begins with an initial total supply of 1,000,000,000 VC, and an initial circulating supply of less than 1/10th of this. Roughly $1,000,000 was raised from multiple rounds of fundraising, the majority of which has gone back into supporting the project as liquidity across its markets. VC is available for purchase on Gateio, Mexc, and Pancakeswap. Soon it will also be available for trading on our upcoming native DEX, VinuSwap or as a lending/borrowing asset on our upcoming DeFi dApp, VinuFinance. Grants Program If you are a developer interested in becoming one of the first-movers to VinuChain, we have launched a $7,000,000 Grants Program which you can apply to here to accelerate your VinuChain project! This $7,000,000 value is based on the VC token at launch price. At the end of the AMA, $2000 worth of VC will be distributed to 50 people who reply with the best questions and their BEP20 or VinuChain address! AMA START TIME: October 16, 16:00 UTC AMA END TIME: October 16, 18:00 UTC WEBSITE(S): www.vinu.org, www.vinuchain.org, , mainnet.vinuscan.com WHITEPAPER: https://vinu.gitbook.io/vinuchain/whitepaper/whitepaper SOCIALS:
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