Limitless-VIP (VIP) is an entertainment and lifestyle agency that utilizes blockchain technology as a secure and unified payment option. The whitepaper describes the agency is seeking to introduce a plush holiday destination with fancy resorts called the “Limitless Island.” Limitless-VIP encourages users to use VIP tokens to purchase goods and services on the Island. The cryptocurrency is created with a vision to support the future developments of Limitless Island.
The use of traditional currencies are in decline because they are centralized and uncapped. In contrast, digital currencies facilitate quick and secure borderless transactions. Limitless-VIP intends to function as traditional currencies do but with upgraded features. VIP is the cryptocurrency that serves as the agency’s exclusive digital currency. According to the whitepaper, VIP, or the green digital currency, was created in January, 2014.
Limitless-VIP incurs zero transaction fees when transferring funds internationally. The decentralized agency allows users to store funds in secure, personalized crypto wallets. VIP is a digital currency with a fixed supply, which helps to ensure a stable economy. The agency envisions democratizing VIP as a global digital currency.
Limitless-VIP combines masternodes and the proof-of-stake (PoS) mechanism to help to ensure increased scalability and transactional security. Masternodes refer to full nodes that provide users with a secure network by verifying new blocks of transaction and higher rewards. The masternodes enable users to put in votes and participate in decision-making, too. Besides strong governance, Limitless-VIP rewards masternode owners with additional VIP tokens to support the development of the lifestyle platform. The cryptocurrency is environmentally friendly and bars users from mining the VIP tokens.
Limitless-VIP encourages users to perform staking of VIP to earn rewards and higher revenues. Users can hold and stake VIP tokens in digital crypto wallets or desktop wallets while earning 30% of block rewards. The more VIP a user holds, the more rewards a user gets.
Limitless-VIP plans to feature a custom-built API or application programming interface to interact and perform seamlessly across various platforms. An API rules out the need to install software and nodes and worry about server security when using a different platform. The API intends to make Limitless-VIP a globally accepted payment method.
