Regulated
Austria based and European regulated crypto & securities broker platform
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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | Viction |
Consensus Mechanism | Viction operates on a Proof of Staked Authority (PoSA) consensus model, combining elements of Proof of Stake (PoS) and Proof of Authority (PoA) to ensure network security and efficiency. Core Components: 1. Proof of Staked Authority (PoSA): Validator Selection: Validators must stake tokens as collateral, with validator roles assigned based on authority and potentially pre-approval by the network. On-Chain Governance: Token holders may participate in governance by voting on network upgrades and important protocol decisions. 2. Slashing for Security: Collateral Penalties: Validators risk losing their staked tokens if they act maliciously or fail to meet network standards, incentivizing honest behavior. |
Incentive Mechanisms and Applicable Fees | Viction’s PoSA model encourages both validators and delegators to contribute to network security and participate actively in its governance. Incentive Mechanisms: 1. Staking Rewards for Validators and Delegators: Validator Rewards: Validators earn staking rewards for securing the network and processing transactions. Delegator Rewards: Token holders who delegate their stake to validators share in the staking rewards, incentivizing network engagement. Applicable Fees: 1. Transaction Fees: User-Paid Fees in Viction Tokens: Each transaction incurs a fee paid in Viction’s native token, supporting validator rewards and network operations. |
Beginning of the period | 2024-09-11 |
End of the period | 2025-09-11 |
Energy consumption | 78840.00000 (kWh/a) |