Buy Viction (VIC)

What is Viction?

Viction is a people-centric layer-1 blockchain designed to facilitate zero-cost transactions and enhance security, with the aim of simplifying the use of Web3 for users. The platform is formerly known as TomoChain and focuses on creating a decentralised platform for individuals to interact, collaborate, and innovate without restrictions.

How does Viction work?

Viction operates using a Proof of Stake Voting (PoSV) consensus mechanism. This blockchain leverages specific algorithms such as Double Validation for security and Fast Confirmation Time for efficient transaction finality. It supports EVM-compatible smart contracts and utilises the VRC25 token standard, which eliminates the need for gas fees during token operations. The network comprises 150 high-quality masternodes for validation, ensuring both scalability and security.

What are the potential use cases for Viction?

Viction can be utilised across various sectors including decentralised finance (DeFi), social networks, gaming, supply chain management, and financial services. Specific applications could involve the development of decentralised applications (dApps), NFT marketplaces, DAO governance structures, and secure digital wallets for crypto assets. Its scalable infrastructure supports GameFi models and enables asset transfers across multiple blockchains with ease.

What is the history of Viction?

Initially founded as TomoChain in 2017, Viction was developed to address scalability and security challenges in blockchain networks. In March 2018, TomoChain raised $8.5 million via an ICO and later launched on the mainnet in December 2018. Throughout 2021-2022, it underwent significant fundraising, followed by rebranding as Viction in 2023. This rebranding introduced a new vision and mission for the platform, further enhancing its technological offerings with zero-gas transactions, EVM-compatible contracts, and a focus on user accessibility.