“Huobi FastTrack”: V SYSTEMS Introduction
1. Brief Intro
V SYSTEMS (VSYS): A Blockchain Database for Decentralized Finance
2. Project Introduction
V SYSTEMS is a blockchain infrastructure provider with a focus on database and cloud services. Led by Chief Architect Sunny King, the inventor of Proof of Stake consensus, the V SYSTEMS blockchain aims to create a scalable, high performance, secure and holders driving underlying infrastructure platform for blockchain database through his new innovation - Supernode Proof of Stake (SPoS) consensus algorithm.
The V SYSTEMS blockchain platform can deliver decentralized cloud database technology with high scalability, finality, durability and performance that is practically resistant to 51% attack. The network can also support efficient and agile development of a vast variety of applications including finance (DeFi), entertainment, social media and many more.
3. Token Allocation
Private Placement: 35.88%
Ecosystems including Public Token Distribution: 43.12%
Total Supply: 5,313,203,059
Genesis Supply: 5,142,858,000
Private Placement Token Allocation: 1,845,257,450
Private Placement Rate: 1 Bitcoin / 100,000 VSYS
Private Placement Unlock: Private placement’s allocation has been unlocked since mainnet launch on 27th November 2018, more than 80% of which have been staked on Supernode since then.
Team Token Allocation: 1,080,000,180
Team Unlock: Since Smart Contract Launch, 3% each half year, with 7 rounds in total
Following the V SYSTEMS mainnet launch in November 2018, 5,142,858,000 VSYS Coins have been generated from its genesis block. A fixed amount of VSYS Coins as 283,824,000 will be produced every year via supernode minting. There is an annual inflation rate of approximately 5%, however, VSYS Coins that are used as transaction fees and supporting the economic cycles of projects built on the blockchain will be burnt, which can potentially reduce the VSYS Coin inflation.