Viction Hard Fork on October 15, $VIC Token Supply will Increase!

Bittime - Viction will do hard fork soon on October 15, 2024. After the Viction hard fork, the total token supply $VIC will increase from 100 million to 210 million.

This article will discuss the details of the Viction hard fork and its impact on the Viction ecosystem and community. Read this article to find out!

Viction Hard Fork 

As already mentioned, hard fork Viction will provide changes to the total token supply $VIC. On October 15, 2024, the total supply amount $VIC will increase from 100 million to 210 million.

These changes are not made all at once, but will be made over a period of time 16 years. After the Viction hard fork, as many as 20 million $VIC will be added as an initial stage.

Read Also: Ethereum Confirms It Will Split Pectra Hard Fork Into Two Parts  

$VIC Token Supply After Viction Hard Fork  

Increased supply total $VIC after the Viction hard fork will certainly bring some important changes in the Viction ecosystem. One of them is an additional 20 million $VIC, which will be used to fund the first round in Q4 this year.

This is done to make sure that Viction has sufficient resources to implement its strategic plans, including improving its technological infrastructure, supporting research and development, and strengthening collaboration with strategic partners. 

In the long term, this additional supply is expected to increase Viction as an innovative and highly competitive blockchain platform.

Voting After Viction Hard Fork 

One of the important things about hard fork This victory is how the funds generated from the increased supply will be used. 

Victory Community will also hold a vote to determine the allocation of these funds. Some of the main focuses in this fund allocation are masternode incentive and ecosystem fund.

1. Masternode Incentive: Masternodes are tasked with validating transactions and maintaining network security. To encourage more active participation from masternode operators, Viction will provide incentives in the form of token $VIC.  

2. Ecosystem Fund: Part of the funds generated will also be allocated to support the development of the Victory ecosystem. These funds will be used to finance strategic collaboration, research and development, as well as providing grants to developers and community members who contribute to the platform. 

Viction really appreciates the community's participation in this voting. This step shows Viction's commitment to remaining transparent and community-based in every step of its ecosystem development.

Read Also: THORChain akan Upgrade Hard Fork  

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