FAQ
Reliable solutions to launch your innovative projects here!
General
What is VT Finance?
VT Finance is native staking platform of Virtual Tourist platform and leading launchpad platform for web3 projects, which builds the best blockchain solutions and technologies.
How to get started with VT.Finance?
To use our platform you need to install a cryptocurrency wallet on your browser or smartphone, such as Metamask.
For Investors -IDOs
How can I participate in IDOs?
When you stake your VT, you earn tickets. These tickets decide your chances of buying on the launchpad. More tickets mean higher odds of purchasing. This system makes it easier for users with larger balances to buy, but also gives a chance to those with smaller balances. By adding this element of luck, we ensure a fairer distribution.
How can I participate in IDOs?
1 - Submission Period:
Stake your VT to subscribe to reward giveaways. Each staker will receive reward tickets for participating in reward giveaways and allocations.
2 - Entry Period:
Visit the project details page and click the (join) button to participate in the IDO.
3 - Distribution Period:
During this period, the system allocates subscriptions and conducts the lottery for participants. Our selection process is entirely fair and unbiased. Automated scripts randomly select winners from users who have successfully submitted their applications.
4 - Claim Period:
After the results are announced, check your reward from the project detail page. If you win the lottery, you can claim your reward after submitting the allocation fee, usually paid with USDT. Your reward will be sent to the connected wallet address within the specified dates.
Staking
How can I stake VT?
1- Connect your web3 wallet (Metamask) to the VT.Finance website by clicking the connect button in the top right corner.
2- You need to choose the stake pool of your choice from the home page and enter the number of VT tokens you want to lock.
3- Since Virtual Tourist operates on the BSC network, you need to have a small amount of BNB in your account for confirmations.
What are the VT staking benefits?
Staking consists of pledging your digital tokens in exchange for rewards. You can earn predetermined rates of VT tokens through staking, providing a passive income stream. Additionally, you will receive special (tickets) to apply for rewards and launchpads.
How are the staking rewards calculated?
Staking returns = Initial Staked Tokens * (1 + (APY / 365))^(Time in Days) For example, if you have a stake with an interest rate of 2% APR, and you deposit 1000 VT for 365 day, at the end of the year you would have earned 20 VT of interest. Staking returns = 1000 VT * (1 + (2% / 365))^(365 days)
I have staked VT and have tickets. How can I join the IDOs?
You need the enter project details pages within the application period and click the join button.
Is there a minimum amount for staking and for when participating for IDOs?
You need to at least one ticket to participate IDOs
Is the APY fixed for stake?
Yes, APY rates are pre-determined.
Can I stake more than once?
Yes you can stake more than once and earn ticket for every additional stake.
Is there a limit for staking participants?
There is no limit for staking.
For Projects
How can make IDO for my project on VT Finance Launchpad?
Project owners or an authorized person needs to fill form first to submit listing request: https://forms.gle/PnkWMiFijexNno249