VEKTOR Price (VEKTOR)

What Is VEKTOR (VEKTOR)?

VEKTOR Project is a decentralized finance (DeFi) token. According to the VEKTOR website, VEKTOR has three functions that take place during each trade:

Buy = 5% Reflection / Sell = 5% Reflection, 5%LP Acquisition and 5% Burn.

VEKTOR Project is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an artikle The Ecosystem expands automatically due to the constantly growing range of services from VEKTOR. Part of the Income is then automatically transferred to the Liquidity and rebuy Function. With VEKTOR Project, token holders will earn more VEKTOR depending on how many coins they have. This can be up to an 70% APY, which is staggering when compared to traditional interest accounts. VEKTOR will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.

VEKTOR Project has an ambitious roadmap thanks to its growing popularity and they wish to be listed on the leading exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2022.

VEKTOR launched on Dez. 17, 2021 with a VEKTOR price of $0.00000010 and supply of 500 billion VEKTOR tokens.

Who Are the Founders of VEKTOR?

Ben Schweizer is the CEO at VEKTOR, according to his Twitter profile. Luuk Jansen is the COO at VEKTOR, according to his Twitter profile.

What Makes VEKTOR Unique?

The VEKTOR white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.

With VEKTOR, they aim to use the idea of static rewards (making the reward conditional upon the volume of the token being traded) in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for VEKTOR holders to keep their tokens for longer, or HODL. VEKTOR’s Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. VEKTOR’s manual burn strategy also helps VEKTOR token holders in the long term, according to their white paper.

The Addition of Liquidity through the Ecosystem also stabilizes VEKTOR in its continuous growth and thus ensures a long-term Investment Strategy.

How Is the VEKTOR Project Secured?

The VEKTOR white paper has the following plan for the safety of its protocol: the developer burned all tokens in the Dev Wallet before launch there was a fair launch on DxSale, the LP is locked on DxLocker for four year, and an LP is generated with every trade and locked on PancakeSwap. Owner Ship is renounced by team.