What is VICE

Source:https://x.com/ViceTokenApp

VICE is a platform that offers huge rewards to users through competition pools. On the VICE platform, users have the opportunity to win prizes by answering multiple choice questions. Every week, VICE platform holds various competitions, with prizes including supercars, luxury goods, and VIP experiences. Users can not only enjoy exciting competitions, but also participate in the competition for huge prizes through simple and intuitive operations.

Highlights of VICE

1. Luxury Rewards: VICE platform holds a grand prize draw every week, including performance cars, luxury goods, and unique VIP experiences, greatly enhancing user engagement and interest.
2. Market Appeal: Through close integration with supercars, luxury goods, and cryptocurrencies, VICE has attracted a diverse user base. In this way, VICE has successfully shaped itself as a brand that advocates for a luxurious lifestyle and passion.
3. Precision Marketing: Every prize pool of VICE is designed with a carefully crafted marketing strategy to attract user participation. VICE platform conducts marketing through an extensive network of creators and partners, ensuring the exposure and engagement of the prize pool.

The core function of VICE

The VICE platform is built around simple and seamless value transactions, allowing users to participate in various competition pools by purchasing tickets and answering questions. Its core features include:

1. Weekly Competition Pool: Users can participate in daily, weekly, and monthly competition pools with VICE tokens. Each competition pool has different rewards and difficulty levels, giving users the chance to win unique prizes.
2. Wallet Integration: The VICE platform supports over 110 cryptocurrencies and 30 fiat currencies, allowing users to operate through the wallet in 160 countries and regions, enjoying a globally accessible payment experience.
3. Promos and PlayPass: The platform regularly offers limited-time participation opportunities, allowing users to take advantage of these offers to gain more competitive opportunities. At the same time, users can also purchase NFT passes to enjoy entry privileges for each competition and participate in exclusive limited competitions.
4. RewardPlay: By participating in the competition pool, users can not only get rewards, but also APY (annual percentage yield), and even participate in the “long game” competition lasting up to 12 months.
5. Influencer Marketing: The VICE platform will drive weekly contest marketing activities through an extensive network of KOLs and influencers. These influencers will help the platform expand its visibility and promote user engagement.
6. Global Content Promotion: VICE will promote platform prizes to supercar, luxury goods, and cryptocurrency enthusiasts through global brand ambassadors. All prizes will be promoted under the VICE brand image to ensure the platform’s attractiveness.

Token Economics of VICE

The core token of the VICE platform is VICE, which has multiple functions as a tool to enter the competition pool. The issuance and application design of VICE token are very unique and meet the long-term development needs of the platform. Gate.io spot has launched VICE on January 28, 2025. Trade now:https://www.gate.io/trade/VICE_USDT

Source:https://x.com/ViceTokenApp/

Token Total Supply and Allocation

• Total supply: 1 billion VICE tokens
• Issuing Chain: Ethereum
• Token Distribution:
  • Presale stage: divided into three rounds, which are 2.5M FDV, 5M FDV, and 7.5M FDV respectively.
  • Liquidity: 15%
  • Team and advisors: The team accounts for 10%, and advisors account for 1%.

The specific allocation and unlocking mechanism can be seen in the figure below:

Source:https://www.vicetoken.io/

Token Functions

• Competition Participation: Users can use VICE tokens to purchase competition tickets and participate in various prize pools.
• NFT Trading: VICE tokens can also be used for NFT trading within the platform, allowing users to earn more rewards through trading.
• PlayPass Rewards: After purchasing an NFT pass, users will have the opportunity to receive exclusive rewards.

Burn mechanism

To maintain the scarcity and value of the token, the VICE team will regularly burn tokens. Token burning will occur at each important stage to maintain a deflationary state of the platform. The first burning occurred in the second stage of the roadmap, and continuous burning will be carried out at key moments to establish speculation and maintain a deflationary supply.

Why launch the VICE token on Ethereum?

• Immutable and Transparent: Ethereum’s blockchain technology ensures the immutability of all transactions and game assets.
• Decentralization: The decentralized architecture reduces the risk of single point of failure and enhances the credibility of the platform.
• Smart Contract: Automating trading and prize distribution through smart contracts improves platform efficiency and transparency.
• Programmable Assets: Developers can create complex game assets and mechanisms on Ethereum to further enhance user experience.

The VICE platform chooses Ethereum as its underlying blockchain technology, aiming to leverage Ethereum’s security, decentralization, and smart contract capabilities to provide users with a more transparent and reliable competitive experience.

VICE’s Roadmap

The development plan of the VICE platform is clear and full of potential, and it has currently progressed to the first phase:

Phase 1 (Q1 to Q2 2025)

• VICE Token Release: VICE Token will be officially launched on the major blockchain exchange Gate.io.
• Smart Contract Integration: Deploy blockchain-based smart contracts to ensure transparency, fairness, and automation of all prize draws and competitions.
• Platform Beta Release: Release a complete platform with preliminary competitive functionality, including daily giveaways and weekly lotteries, where users can start participating, tracking, and claiming rewards.
• Community building and interaction: Expand community channels on Telegram, Discord, and social media to promote user engagement, collect feedback, and establish a loyal user base.
• Global Expansion of Partnership: Establish strategic partnerships with the blockchain, fintech, and gaming industries to integrate VICE into a wider ecosystem and increase global exposure.

Phase 2 (Q3-Q4 2025)

• Optimize user interface (UI/UX): Improve the platform interface based on user feedback to provide a smoother and more intuitive user experience. At the same time, launch iOS and Android mobile applications for users to participate anytime.
• Daily and real-world competitions: Introducing daily micro-competitions, offering real-world rewards such as gift cards, cryptocurrencies, and physical prizes in real time, with a focus on increasing user engagement and providing low-barrier lottery activities.
• Advanced blockchain features: Join Layer-2 solutions to improve scalability, reduce transaction costs, increase speed, and optimize user experience.
• Promotion and Referral Program: Launch a marketing campaign that allows users to earn passive income by referring new participants, further expanding the VICE community.

Phase three (2026 and beyond)

• Global Lottery Integration: Cooperating with globally renowned lottery platforms, integrating VICE’s blockchain system into traditional lotteries, bringing transparency, security, and fairness to the global lottery industry.
• Cross-chain interoperability: Achieve cross-chain functionality, allowing VICE to fully communicate with different blockchain ecosystems (such as Ethereum, Binance Smart Chain, Polygon, etc.).
• Real-world impact plan: By organizing charity gift events and collaborating with global non-profit organizations, we aim to expand the platform’s social influence. Part of the proceeds from the competition will be used to support charitable causes, furthering the platform’s mission to benefit users and communities.
• VICE DAO: Transitioning to a decentralized autonomous organization (DAO) structure, empowering VICE token holders with voting rights to influence the future development of the platform through participation in proposals and major decisions.

Conclusion

The VICE platform brings innovative competition modes and huge prizes to the cryptocurrency market. Whether it is the pursuit of supercars and luxury goods or the love of cryptocurrencies, VICE provides a platform full of opportunities and surprises for global users. With its strong token economics design, accurate market positioning, and deep integration with blockchain technology, VICE has the potential to become a leading platform in the future cryptocurrency market.