VITAL Staking 254% APY & JungleDEX Listing

Vital Network
2 min readJul 6, 2022

In order to comply with regulations, Elrond Network has decided to list projects that have carried out a KYC (Know Your Customer) during its presale.

Unfortunately, this information being obtained late, we are not able to provide the identity of VITAL token buyers.
We will therefore be able to list VITAL token on JungleDEX, which is a carbon copy of MaiarDEX with a few points:
- The liquidity required for listing is 10 times lower
- The acceptance of projects, currently manual, will be automated according to specific criteria

Do not see JungleDEX as a catch-all, where only scam projects will be listed. It is above all a launching pad for projects to value their token and then open the door to MaiarDEX and CEX. It’s a chance for us, the low-budget projects, to prove our value, our relentlessness and above all our reliability as a builder.

(The conditions for switching from JungleDEX to MaiarDEX are not yet communicated, but what is certain is that it will facilitate the listing)

Following a community vote, VITAL token will be listed on JungleDEX on August 1, 2022.

This implies two things:
1 — There will be no 3rd presale round, the tokens provided for this purpose will be burned (3.33% of the total initial supply so 3,333,000,000,000 VITAL). The current round is therefore the last presale round and will end on July 31, 2022.

Last presale round: https://vitalnetwork.io/vital-presale

2 — The staking pool with an APR of 126% (254% APY with daily compounding) will have its entry closed at the end of this presale, i.e. July 31, 2022. Stakers will still be able to compound their rewards, and staked and earned tokens will be withdrawable after 1 year of lock when leaving this pool

Earn by staking VITAL & NFT: https://vitalnetwork.io/staking

*Being backed by a stable coin, the listing price may vary depending on the state of the market on D-day

--

--