The adoption of blockchain technology has been hindered by its complexity and steep learning curve, deterring millions of potential users. To achieve mass adoption, creating a seamless user experience that hides the underlying friction while retaining blockchain’s core benefits, such as transparency, security, and decentralization is essential. By integrating cutting-edge solutions that simplify access to web3 applications, businesses and creators can unlock the full potential of decentralized ecosystems without sacrificing user convenience or security. Viction addresses these challenges, empowering web3 applications with intuitive technology to onboard millions into the blockchain era.

What is Viction (VIC)?

Viction (VIC), originally launched as TomoChain in 2018 by Long Vuong, Le Ho, and Nguyen Sy Thanh Son, has consistently prioritized scalability and user-centric blockchain solutions. Initially developed under TomoChain Pte Ltd., the project raised $8.5 million in its 2018 ICO. A major milestone occurred in 2019 with the launch of TomoX, a decentralized exchange platform, followed by a partnership in 2020 with Vietnam’s Ministry of Education to store certificates on the blockchain.

In 2023, TomoChain rebranded to Viction, signaling its evolution into a cutting-edge blockchain platform. That year, the introduction of the Zero-Gas feature marked a significant advancement in user accessibility. Viction expanded further with initiatives like Viction Horizon and Viction Swag, enhancing community engagement and functionality. The implementation of staking on Viction Wallet provided users with rewarding investment opportunities, strengthening its ecosystem.

2024 saw notable developments, including the launch of the proprietary Viction Blockchain, a robust infrastructure designed for decentralized applications. A key highlight was the scheduled October hard fork, set to increase the token supply from 100 million to 210 million, ensuring scalability for future growth. Viction’s collaborations with partners like Layer-Zero, Pyth, and MoonPay exemplify its commitment to ecosystem enhancement.

Viction envisions expanding its dApp ecosystem, improving cross-chain interoperability, and optimizing network performance. By 2025-2026, Viction aims to be a leading layer-1 blockchain, fostering accessibility, innovation, and seamless user experiences.

How Does Viction Work? Network and World Wide Chain

The Viction network is a high-performance blockchain designed to empower decentralized projects, Web3 applications, and the VIC token with unparalleled efficiency and scalability. Operating on the Proof-of-Stake Voting (PoSV) consensus mechanism, Viction combines cutting-edge technology and community-driven governance to accelerate the mass adoption of blockchain-powered solutions. Since its mainnet launch in 2018, the network has achieved impressive benchmarks, including 2,000 transactions per second (TPS), two-second block times, and nearly zero gas fees, all while maintaining decentralization and rigorous security.

At the core of Viction’s architecture is PoSV, a consensus method designed to ensure security, efficiency, and fairness. This protocol incentivizes VIC token holders to actively participate in governance by staking tokens across a network of up to 150 high-performance Masternodes. These Masternodes are elected through a dynamic voting system where token holders deposit at least 50,000 VIC and vote for candidates via a governance DApp. Masternodes play a crucial role in the network, producing and validating blocks in a round-robin process. Viction employs Double Validation to enhance security, where a second, randomly selected Masternode verifies each block before it is added to the blockchain. This reduces the risk of attacks and ensures a robust validation process.

Source: viction whitepaper

Viction’s performance layer optimizes speed and scalability without compromising decentralization. Masternodes are incentivized based on the number of blocks they validate, and rewards are distributed proportionally to their contributions. Additionally, token holders who vote for Masternodes share the staking rewards, fostering an active and engaged community.

The network also includes a reward mechanism that distributes VIC tokens in three parts: 40% to Masternodes for infrastructure support, 50% to stakers, and 10% to the Masternode Foundation for ecosystem development. This model ensures a healthy balance between incentivizing infrastructure and rewarding community participation.

Viction’s innovative features, including the VicMaster DApp, offer a seamless interface for monitoring Masternode performance and voting. The network’s design emphasizes transparency, allowing token holders to unvote underperforming Masternodes and redirect their votes to better-performing candidates. This competitive environment ensures that only the most efficient and reliable Masternodes thrive, maintaining the integrity of the network.

World Wide Chain

Viction World Wide Chain (VWWC) introduces a network of interconnected appchains, anchored to Viction’s main chain, designed to improve scalability, interoperability, and efficiency in blockchain applications. Each appchain operates independently while benefiting from the shared resources of the ecosystem, allowing seamless asset and data transfer across chains. This structure addresses issues like ecosystem fragmentation and lack of scalability, offering developers a practical solution for building decentralized applications (dApps) that can scale globally.

The picture visually represents this ecosystem, showcasing how appchains such as gaming, DeFi, and NFTs operate in unison within the Worldwide Chain Protocol. It highlights the integration with frameworks like Polygon CDK, OP Stack, and zkEVM solutions, essential for supporting the execution, communication, and data availability layers within the VWWC.

Source: viction.xyz

The VWWC is powered by Viction World Wide Chain Protocol (WWCP), smart contracts facilitating interchain connectivity. WWCP manages asset bridging, message relay, and liquidity, enabling appchains to operate collaboratively while maintaining security and decentralization. Leveraging zkEVM technology, the appchains provide high throughput and privacy, making the platform suitable for gaming, finance, and healthcare industries.

VWWC also eliminates traditional gas fees, reduces transaction costs, and makes blockchain technology more accessible. This approach promotes fairness in revenue distribution between dApps and the underlying blockchain infrastructure. Viction’s modular architecture allows developers to customize appchains to their needs while benefiting from a unified ecosystem.

With these features, VWWC positions itself as a functional framework for improving blockchain connectivity and scalability. This enables developers to build more efficient and interoperable decentralized solutions.

Viction Use Cases

Leveraging its Proof-of-Stake Voting (PoSV) consensus and the Viction World Wide Chain Protocol (WWCP), the platform provides a robust foundation for building decentralized applications (dApps) with high transaction throughput, minimal costs, and seamless connectivity. Below are some key use cases that highlight Viction’s potential:

• DeFi (Decentralized Finance): Viction supports the development of decentralized financial platforms, enabling secure and efficient transactions with minimal fees. Developers can build innovative DeFi solutions, such as lending platforms, decentralized exchanges, and yield farming protocols, all benefiting from Viction’s scalability and interoperability.
• Social Applications: Viction empowers developers to create social platforms prioritizing user privacy, data ownership, and secure interactions. By tokenizing content and enabling seamless asset transfers, the platform opens new opportunities for monetization and community-driven governance.
• NFTs and Gaming: Viction facilitates the creation and trading of non-fungible tokens (NFTs), unlocking value in digital art, collectibles, and gaming assets. For gaming ecosystems, the platform enables cross-game asset interoperability, secure in-game economies, and smooth transaction experiences, enhancing both developer creativity and user engagement.

Viction’s Main Features

Viction provides an advanced suite of features to enhance blockchain scalability, efficiency, and decentralization. These tools empower users and developers to engage seamlessly with the Web3 ecosystem.

Viction Data Availability (Viction DA)

Viction DA is a transformative data layer that enhances scalability and communication across blockchain platforms. Utilizing Namespaced Merkle Trees (NMTs) and 2D Reed-Solomon encoding optimizes bandwidth usage, ensures data security, and simplifies cross-platform interoperability. The solution integrates seamlessly with rollup technologies like zkEVMs, enabling efficient data processing and secure transactions. Its advanced cryptographic features, including quantum-resistant algorithms, and customizable data solutions, allow developers to address diverse industry requirements while fostering a connected and scalable blockchain environment.

Source: docs.viction.xyz

Viction Wallet

The Viction Wallet offers a streamlined and secure solution for managing digital assets and accessing Web3 applications. Users benefit from zero-gas fees and effortless transfers of cryptocurrencies and NFTs. The wallet supports a wide range of decentralized applications (dApps) across sectors like DeFi, GameFi, and staking, ensuring a smooth and intuitive user experience. Available on iOS, Android, and Chrome, the wallet combines simplicity with robust security, putting users in complete control of their assets and enabling seamless navigation of the Viction ecosystem.

Source: docs.viction.xyz

Bridge Solutions

Viction bridges, including SpaceGate and Hyperlane, facilitate cross-chain token transfers and ensure interoperability across blockchains like Ethereum, Binance Smart Chain, and Arbitrum. These solutions support popular tokens like VIC, ETH, and USDC, offering minimal fees and secure conversions. With features like token wrapping (e.g., TOMOE for Ethereum), these bridges empower users to explore Viction’s ecosystem effortlessly, enhancing utility for DeFi, gaming, and other applications while maintaining transaction integrity.

Masternodes

Masternodes are the backbone of Viction’s decentralized infrastructure, securing the network and maintaining transaction accuracy. Operating 112 active masternodes with a current APR of 28%, Viction incentivizes operators and delegators to contribute to the ecosystem. Masternode operators earn VIC tokens through staking, transaction fees, and performance-based rewards, reinforcing the blockchain’s decentralization and reliability. Delegators actively participate by entrusting their tokens to validators, enhancing network security and consensus. This collaborative model fosters a robust and inclusive platform where rewards align with contributions, driving the long-term sustainability of the Viction ecosystem.

Source: viction.xyz

Viction Ecosystem

The Viction Ecosystem is a comprehensive network of decentralized applications (dApps) and integrations to support blockchain innovation and usability across various sectors. It includes key infrastructure solutions like AIT Protocol, which enhances blockchain interoperability and scalability, ensuring robust support for developers and users. Alchemy Pay provides a practical bridge between cryptocurrencies and fiat currencies, enabling seamless transactions and accessibility. In decentralized finance, Arken Bridge contributes to liquidity optimization and trading efficiency, offering tools designed to support a wide range of users. BlockPi focuses on scalable and efficient node services, improving operational efficiency for blockchain projects.

These examples represent only a portion of the broader Viction Ecosystem, which spans gaming, NFTs, social platforms, and other applications. The ecosystem serves as a platform for innovation, offering tools and integrations that address challenges in the decentralized landscape while supporting new opportunities for growth and collaboration.

What is the VIC Coin?

VIC is Viction’s native token, powering transactions, staking, and governance within its ecosystem. Its maximum supply is capped at 210 million units.

Designed for long-term sustainability, VIC is crucial for maintaining network security, incentivizing participation, and fostering scalability. Its tokenomics structure reflects a well-balanced distribution strategy to reward network contributors and fund ecosystem growth.

At launch, 83 million VIC tokens were allocated, with 55 million in circulation. This included 12 million for the founding team (vested over four years), 16 million for strategic partners and ecosystem building, and 17 million set aside as block rewards for eight years. Block rewards began at 4 million VIC annually and gradually reduced to maintain economic stability.

The VIP#1 hard fork in October 2024 marked a significant milestone. To address growing network demands, the total supply was increased by 110 million tokens. Of these, 30 million VIC were allocated for Masternode rewards, ensuring the network’s security and efficiency. An additional 80 million VIC were designated for ecosystem initiatives, initially managed by the Viction Foundation, with plans to transition to community governance.

Source: viction economics paper 2.0

VIC holders actively participate in governance through voting and staking. By staking tokens, users support Masternode candidates. The top 150 voted candidates are selected to secure the network and validate transactions. Staking rewards are divided into infrastructure (40%), staking (50%), and foundation (10%) components, ensuring comprehensive incentives.

This decentralized governance model empowers VIC holders to influence technical and economic decisions, aligning the network’s growth with community interests.

Is VIC a Good Investment?

VIC’s strong points include its efficient Proof-of-Stake Voting (PoSV) consensus, enabling scalability, low fees, and fast transaction times, making it attractive for decentralized applications and long-term ecosystem growth. Additionally, its transparent governance and staking incentives foster active community participation. However, a potential downside is its heavy reliance on Masternodes and staking for network security, which could centralize control if token distribution becomes imbalanced. As with any investment, risks and benefits should be carefully considered.

How to Own VIC?

To own VIC, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy VIC.

News on Viction

On 18 December 2024, Viction announced on its official blog its integration with Token Terminal, an on-chain data platform specializing in standardized financial analytics for blockchains and decentralized applications. This partnership enhances transparency by providing investors with reliable, institutional-grade financial insights. By leveraging Token Terminal’s tools, Viction seeks to empower its ecosystem participants with accessible analytics, supporting sustainable development and informed decision-making. The collaboration reflects Viction’s commitment to scaling and enriching its blockchain community.

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