18 November — V SYSTEMS’ Supernode Proof of Stake (SPoS) was designed with users in mind to encourage simple and fast staking process. As we continue to lay a foundation for blockchain mass adoption, we are introducing Staking 2.0 which allows all V SYSTEMS users to join the first wave of applications powered by V SYSTEMS. VSYS holders will be able to get not only VSYS as rewards, but also other tokens built on the V SYSTEMS mainnet.

SPoS consensus mechanism is the backbone of the V SYSTEMS blockchain. As we keep advancing the scalability of the network, we continue to explore ways to support the growth of the ecosystem and encourage active participation in the blockchain network through staking.

Staking 2.0 opens up possibilities for VSYS coin holders to participate in the development of the applications built on V SYSTEMS, realising the principal of “Stake as Power” in the latest revolutionary PoS.

First Wave of V SYSTEMS-Powered Applications

Our first project Tachyon Protocol will leverage 50 million X-VPN’s existing global users to become one of the leading decentralized internet protocols. As its IPX token will be available soon, we welcome the VSYS community to join in fruitful collaboration with the project through our Staking 2.0 initiative.

In addition to the Tachyon Protocol, the V SYSTEMS team is also working with xCurrency and a Fortune 500 real estate group on DeFi application development. We are excited to bring onboard more community-facing and enterprise-level projects to cultivate a robust DeFi ecosystems.

A Simple Guide to Staking 2.0

1. A portion of V SYSTEMS-powered tokens will be allocated to reward VSYS users who participate in staking

2. The system will distribute the pool of token to supernodes daily, for a specific time period (depending on the amount of tokens)

3. Supernodes will allocate the tokens to their community members according to the default rate/ rule they set for VSYS reward