Viction's Hard Fork Upgrade: Increased Token Supply and Ecosystem Plan

Viction Announces Hard Fork Upgrade for VIC Tokens

In a major development within the cryptocurrency space, Viction has officially announced a hard fork upgrade set to take place on October 15, 2024. This pivotal upgrade aims to boost the total supply of VIC tokens from the current 100 million to a staggering 210 million over the next 16 years.

Details of the Upgrade

On the same day as the upgrade, Viction will introduce an additional 20 million VIC tokens into circulation. These tokens are intended to kick off the first round of the ecosystem plan, which is projected to commence in the fourth quarter of 2024.

Community Engagement and Voting

The Viction community will play a crucial role in determining how to allocate these newly introduced funds. A voting mechanism will be established to allow community members to have their say on the utilization of these resources.

Enhanced Tokenomics Focus

The upgraded tokenomics will highlight several critical areas designed to reinforce the Viction ecosystem:

• Masternode Incentives: Enhancements will be made to incentives for masternode operators, encouraging more participation and stability within the network.
• Ecosystem Fund: A portion of the new token supply will be set aside for establishing an ecosystem fund dedicated to strategic partnerships.
• Research and Development: Funds will be allocated to fostering innovation through research and development initiatives.
• Grants to Builders and Community: Viction aims to support creators within the ecosystem by providing grants, thereby encouraging growth and collaboration.

Conclusion

The upcoming hard fork signifies a significant shift in Viction's approach to tokenomics, emphasizing community participation, strategic growth, and the sustainable development of its digital ecosystem. With the planned enhancements, Viction is poised to strengthen its community engagement and expand its influence in the cryptocurrency market.

For more details on upcoming features and community initiatives, stay connected with Viction's official channels.