Vitreus Announcements
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📣 ROAD TO TRADING

As promised, here is a high level roadmap for the next couple months that I reviewed in my recent AMA.

NOTE: As I mentioned, the GROSS introductory staking rates mentioned yesterday were associated with TestNet and are not set for Mainnet <yet>. It is likely that these gross APRs will remain the same for Mainnet, but are yet to be finalized as we are still finishing up some modeling work. I will communicate Mainnet staking APRs as soon as they are finalized.

March 15
- Began Identifying Genesis Council members
- Began Council briefing and training

March 31
- Presale NFT sale closes at midnight
- Genesis Block written with NFT and Council data
- VAM closes

April 1
- Mainnet goes live
- vNode Network goes live
- VTRS claiming opens to holders
- Staking opens to holders
- VNRG begins Accumulation for stakers
- Marketing Messaging work begins with Coinbound
- NFT Mainnet Sale vote in announcements

April 15
- Marketing 1.0 ($50,000) campaign launches focused on Mainnet NFT Sales (if DAO approved)
- Mainnet NFT Sale Opens

April 30
- vGovern & Protocol DAO activated
- Referendum #1 - Bundled Proposal
- VIP/VIPP
- Energy Broker
- Stake Slashing Mechanism (DAO activation required)

May 30 *(This is a goal date. Subject to shift)*
- Wrapped Token
- T1 DEX Listing + LP Seed
- Bridge
- Wrapped Stablecoin Integration

We. Are. Vitreus.
LETS GO!! 🫡🚂
📣 TEAM 100% LOCKED

Good morning @everyone ,

The health and sustainability of the DAO is everyone’s TOP priority and requires proper tokenomics.

We have finalized the structure of the Team Allocation which will NOT be eligible for ANY participating activities (trading, transfer, governance, staking, or VIP,) until they are vested.

These restrictions and schedules will be written into the genesis block of Vitreus Chain.

Outside of meaningful sustainability improvements, this will also position the DAO for a very clean evaluation of tokenomics when it comes to listing services such as CoinMarketCap, Coin Gecko, etc. avoiding any risks of adverse labels such as “potential scam” etc.

COMMUNITY ADVOCACY TEAM (CAT)
*1-year vest schedule*
Months 1-6: locked; non-participatory
Months 7-12: 16.67% released each month

CORE
*2-year vest schedule*
Months 1-12: locked; non-participatory
Months 13-24: 8.33% released each month

Team is aligned with community!!
We. Are. Vitreus.
LETS GO!! 🫡
📣 VITREUS MAINNET IS LIVE

Good morning/afternoon @everyone,

Expect me to ping you quite often today as I disseminate important information regarding Vitreus MainNet, status of Apple and Google App store listings, final tokenomics, etc.

* Mainnet is live and active. We need 4 hours to make our final checks and then we can consider it to be released alongside Vitreus Explorer.

* Unfortunately, we are at the mercy of both Google and Apple stores for the vApp approval. We do not have any influence on this.

* Since we have no vApp in production, users cannot claim, stake, become validators until it is released. All of this functionality will be available for users once Apple/Google finishes reviewing and approving the vApp.

* Following the closure of CDI’s NFT sale on Saturday, I will be releasing the final VTRS tokenomics expect that today as well. So keep an eye out for that.

To be VERY clear:
THERE IS NOTHING TO DO RIGHT NOW EXCEPT WAIT ON APPLE AND GOOGLE

We. Are. Vitreus.
LETS GOO!! 🫡🚂
📣 Mainnet URLs

Vitreus Explorer
https://explorer.vtrs.io/

Collaborative Marketplace (staking)
https://marketplace.vtrs.io

more to come…

*We will be building this announcement as we move along so continue to monitor this specific announcement.*
📣 vApp Apple/Google Update

Still waiting.

Apple has come back twice with questions surrounding the context in which the app will be used. We have answered and resubmitted as quickly as possible. Apple seems to be cycling quickly.

Google has not issued any communications since it went into review. Nothing to report.

Both stores are still Status: “In-Review”

They will likely not be released at the same time.

I’ll provide more updates as soon as I hear anything additional. 🫡 @everyone
📣 FINAL VTRS SUPPLY

Good afternoon/evening @everyone ,

Below you will find the final supply allocation that has been written onto the genesis block of the Vitreus Chain.

Many of these supply allocations can have a dilution effect on circulating supply over time.

Please reference the expanded team detail in the previous announcement here —> https://discord.com/channels/1050540395559403590/1060664803808526456/1223284952637116518

Total Supply - 608,754,871
Fully Diluted Market Cap at Launch - $30,437,744

Circulating Supply - 205,389,984
Circulating Market Cap - $10,269,499

We. Are. Vitreus.
LETS GO!! 🫡🚂
📣 Apple/Google Store Update

Apple Store will be ready very soon!! 🫡

Google responded this morning with a non-responsive settings button that needs to be fixed and then we should be good to go.

We. Are. Vitreus.
LETS GOO @everyone !!!
Preparing for vApp, Claiming and Staking — WHAT TO EXPECT

Good morning everyone ,

We have prepared a thorough claiming and staking guide for the holder community to reference and will release it when the timing is appropriate.

The following phases are focused on executing a sequential flow so we can maintain as orderly of a process as possible. There is no reason to FOMO here! It is a process.

1. vApp Release
We expect Apple will get released before Google, so Apple users are welcome to download and get wallets set up in the meantime. Claiming will not open until BOTH Apple and Google have released the vApp.

2. Claiming Opens
Once both stores have listed the vApp, we will release the claiming guide and holders may move forward in facilitating the process of turning in NFTs in exchange for their reserved VTRS.

3. Bringing vNodes Online
Claiming VTRS is first required in order to bring vNodes online, so we expect this process to take a couple days to form an adequate network of nodes for the collaborative marketplace.

4. Marketplace Staking
I would recommend holders NOT rush into staking decisions. Choose wisely. Be patient and wait for an adequate selection of nodes to proceed with your staking decisions. The 7 day lock for choosing poorly warrants a patient approach here.

I will continue to communicate through this entire process. At times it may feel overwhelming, but we will get through this together.

We. Are. Vitreus.
LETS GOO!!
📣 BUILD UPDATE

The month of April will be a very busy one as we focus on releasing vApp, claiming tokens, bringing vNodes online, stabilizing the network, finish dev on a number of features, and continuing our transition to a council led DAO.

Please reference the “Road to Trading” roadmap above for what to expect over the next 4 weeks. Find that here https://discord.com/channels/1050540395559403590/1060664803808526456/1222239152674967665

Marketing Update:
Council (and I) have had a number of meetings with Coinbound, working on a cohesive marketing message for the KOLs. Youtube KOLs have received their Vitreus briefing document and have started developing their content and should be ready to begin deploying their videos end of next week in preparation for the sale. We modified the budget allocation. Removing the budget for fractional CMO and Twitter (X) management and shifted that budget to additional KOLs which should bring better ROI. We plan on running our own tweet campaign and already have prepared the tweet deck.

Mainnet NFT Sale
No changes. April 15 ready to go.

VIP/VIPP
We had a great meeting with Innowise today surrounding the VIP/P Royalty smart contracts and seem to all be on the same page on development goals. I don’t see a need to modify any timeline here at this time.

vGovern
Front end UI is complete and we are prepared to begin testing this as soon as we claim tokens.

Delays in Countries
China has denied the vApp listing in their store as they have outlawed crypto related technologies in their country.

France has a heightened review process that will take an extra 1-2 months for review. I have already reached out personally to those I know could be affected.

Part 1 of 2
Part 2 or 2

*Below are the technical tasks detail:*
Achievements Last Week:
- Slashing improvements
- Tokenomics updates
- Restructured the logic for retrieving validators on the marketplace
- Fixes on the wallet
- Energy broker in progress
- Error handling for CyberLynq
- Stabilized apps environments
- Added access for developers to clusters
- Monitoring and stabilizing Mainnet
- Started Mainnet mirgration for vNodes

Plans for Next Week:
- Slashing
- EnergyPerStakeCurrency
- Tokenomics
- Energy broker
- Stabilize apps environments
- Set up Mainnet monitoring
- Monitor and stabilize Mainnet

We. Are. Vitreus.
LETS GOO!! 🫡🚂
@everyone
📣 vApp Update: Apple AND Google fully approved!!

Good morning/afternoon @everyone ,

Apple has confirmed that “vApp: Energized Web3” will be available when we manually flip the switch. We also received approval from Google this morning!

Tomorrow morning Innowise is pushing one final round of updates to the Network.

They are working to update the test version of vApp, to be pushed via APK & TestFlight (as we did in Beta), SPECIFICALLY for vNode operators. This update aims to force an OS update down to the node from the vNode Tab. Again, Innowise will be pushing these updates tomorrow morning (April 9th).

Following that, we will monitor the migration of vNodes from TestNet to Mainnet over the course of Tuesday. If all looks great then we will release the vApp from both stores for download at the exact same time.

We will continue to keep the community abreast of the current situation. 🫡
From Chad in Discord:

📣 vApp Update

Good morning/afternoon @everyone ,

We are making GREAT progress migrating vNodes over to MainNet.

We are at 110 vNodes migrated with less than 30 now still awaiting migration. So we’ll continue working on these throughout today and assessing the network.

I have spoken to the Innowise team this morning and we have determined tomorrow morning as a safe release of the vApp in stores.

I’m incredibly excited!! It’s finally here.

We. Are. Vitreus.
LETS GO!! 🫡
Channel photo updated
📣 WE ARE LIVE!!!

1️⃣ vApp Download ✅
2️⃣ Claiming ✅
3️⃣ Staking ✅
4️⃣ Marketplace ✅

A COMPREHENSIVE GUIDE:
https://docs.vtrs.io/ 

Please head over to the official App Stores now to download your vApp!
- Google: https://play.google.com/store/apps/details?id=com.vtrs_app&hl=en&gl=US
- Apple: https://apps.apple.com/us/app/vapp-energized-web3/id6462536770

NOTE: The previous versions of the vApp do NOT need to be deleted, however they will not work with mainnet. This versions can be used for continued use of Testnet.

VTRS Holders:
* Download the vApp: Energized Web3 from the app store
* Set your Passcode and Biometric Settings
* Import or Setup a new 24 word seed phrase
* Claim your VTRS at https://claiming.vtrs.io/ 

vNode Operators:
* After you have your tokens, use your vApp to get your vNode online!
* Set a Stake of at least 1 VTRS
* Select Become a Validator to get your node online
* You will need physical access to your vNode
* Recruit your friends and family to stake on your node!

Collaborative Stakers:
* Use https://marketplace.vtrs.io/ to find a node to stake on if you do NOT own a vNode and BE PATIENT.
* You can stake more than once!
* You can choose more than one node!
* NOTE: the VTRS fee to stake will NOT affect your VIPP qualification.

Thank you for your time, patience and support as we have traveled this road. It’s been a long journey and we've finally come to this massive milestone.

We. Are. Vitreus.
LETS GO!!! 🫡
@everyone
From Chad in Discord:

📣 WOW! JUST WOW!

What a day yesterday was!! I don’t think I could’ve asked for our launch to have gone any better!!

Some tiny little things for us to clean up as we keep tightening, but overall SMASHING SUCCESS on this MainNET launch!!!

The DePIN is operating beautifully!!!
535 NFTs claimed (almost 1/3)

Bravo to this INCREDIBLE CORE team and CAT Team!!
While we continue on down the road of claiming and staking, we are also focused on getting ready for the activation of vGovern (DAO) and VIP at the end of the month.

I’m encouraged to see this community come together in the manner it has and help each other within a light of mutual respect!!

“PROUD” is an understatement.

We. Are. Vitreus.
LETS GOOO!!!
@everyone
📣 DAO MainNet NFT Sale!!

OPENS: 9am EST, Monday April 15
LIMIT: 15 million VTRS
LENGTH: 30 days
ENTITLEMENTS: Enhanced Voting + VIPP
VTRS RESERVED PRICE: $0.05
RECEIVER WALLET: DAO

@everyone
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📣𝐖𝐄 𝐀𝐑𝐄 𝐋𝐈𝐕𝐄!!!

Join us for the final Vitreus Mainnet NFT Sale at presale.vitreus.io

❇️ Strong, GROWING community
❇️ Finished products include Layer 0 Blockchain, DEPIN network, and wallet/app
❇️ Existing partnerships with active builders
❇️ ENHANCED Voting Rights
❇️ Last chance to participate in VIPP, our royalty program!

Don’t miss out on this limited, last chance to grab #VTRS at a fixed price!
📣 BUILD UPDATE

Good afternoon/evening @everyone !!

Another strong week and making incredible progress on the Vitreus Chain launch, VTRS claiming, DePIN, and staking. See the stats progress in the announcement above.

VIP/VIPP
No changes. On target. April 30

VNRG Broker
No changes. On target. April 30
*This is what is needed for swapping your newly minted gVolts for more VTRS.*

vGovern
Pushed back to 2 weeks before public launch.
This will allow us ample time to finish getting bugs worked out. Once we launch vGovern, everything goes through referendum.

Bridge/wVTRS
Innowise is working on the plan for the bridge and wrapped token on Ethereum. I will have a trading deadline next week to communicate with everyone.

Council
The council is off to the races. They are doing amazing. Brenton and I are still available to consult with them but for the most part are totally up to speed on issues that need to be tackled and prioritization of items. Bravo!!

*Technical Tasks detail*
Achievements:
- Bugfixes for vApp
- VIP/VIPP in vApp
- Website fixes and preparation for transfering tlo the DAO
- Presale released
- Deploy website and presale
- Set up Grafana monitoring for production environment
- Fixed Claim minting
- fixed Testnet constants
- Implemented Claim transfer migration
- Stagenet chainspec in progress
- Stake slashing implementation
- Stake slashing migrations
- Commissions bugfix

Plans:
- VIP/VIPP on chain
- Migrations and runtime update for chain
- Energy Broker for vApp
- Set up Grafana monitoring for production and mainnet environments
- Set up alerting for production and mainnet environments
- Energy broker implementation
- Stagenet chainspec implementation

We. Are. Vitreus.
LETS GO!! 🫡🚂
📣 DAO DELIVERABLES

✅ Presale App | NFTs
✅ VAM
✅ L0 Blockchain
✅ vNodes
✅ Claiming Portal
✅ CyberLYNQ
✅ vApp
✅ VNRG (gVolts)
⭕️ VIP/VIPP — April 30
⭕️ Energy Broker — April 30
⭕️ vGovern — *Firm Date Coming Next Week*
⭕️ Bridge/WVTRS — *Firm Date Coming Next Week*
⭕️ ParaChain Infrastructure

We. Are. Vitreus.
… and WE deliver!!!!
📣 VITREUS Monthly AMA

Join the Vitreus DAO Council this Wednesday, April 24th, 2024, at 7 pm EST / 6 pm CST for an X Spaces event with our partner CDI.

We will dive into the upcoming transition to the DAO and share some exciting partnership news!

We're excited to connect with you all!

Set a X reminder here: https://twitter.com/i/spaces/1RDxllWknbzxL