tóm tắt và dịch sang viết việt dữ liệu sau:
Viction Improvement Proposal (VIP) #1: The Need for Viction Future Initiatives
Prepared by Viction Foundation, July 2024



Executive Summary

Viction is going to nurture the community that aligns with our new vision and mission. The goal of "VIP#1: The Need for Viction Future Initiatives" is to secure a higher chance of success for Viction and its community in the long run. It allows us to expand the capacity to improve the tech stack and onboard new sets of investors, developers, and users into the Viction ecosystem. To provide more resources to achieve the goals, Viction will need to upgrade its economic policies including supply, rewards, and more. 

To succeed, this proposal must reach a 5M $VIC Quorum and receive more than 50% of votes in favor of the proposal.


TLDR;

$VIC, the ecosystem token for Viction, is nearing its maximum supply of 100M tokens, with about 98.3M already in circulation. This results in:

The incentives for Masternodes, crucial for maintaining network security and stability, need to be improved, potentially impacting their effectiveness.

The vision of World Wide Chain and Data Availability (DA) necessitates funding for business partnerships, technological research, and development to bring it to fruition.

Limitation in the ability to incentivize developers, builders, and community.

The proposed tokenomics

Increasing Security Economic (30M $VIC): Increase Masternode rewards from the current ~1M $VIC per year to a total of ~5M $VIC for the first 3 years, followed by a 4-year halving cycle, over a span of 16 years.       

Outlining Future Ecosystem Initiatives (80M $VIC distributed over 4 years).
Managed by the Viction Foundation initially, the fund will transition to community governance, ensuring long-term community ownership and empowerment. 

VIC RetroDrops program with total distributions of 20M $VIC for Viction supporters.     

20M $VIC for the Community Acceleration Program to nurture the Ambassador Program, establish Working Groups, and a dedicated Builder Accelerator program.

20M $VIC for R&D and Ecosystem Partnership to enhance our infrastructure, facilitate listings, onboard and develop stablecoins, ensuring Viction continues to grow.

10M $VIC as the Ecosystem Development Program for business development, grants, and adoption initiatives.

10M $VIC for future initiatives under the Ecosystem Reserve to provide the flexibility to seize new opportunities and address emerging challenges, ensuring the long-term sustainability and success of the Viction ecosystem.



(to be specified in the 2.3 section)





1. The Viction Renaissance
In November 2023, Viction emerged from a transformative rebranding from TomoChain, marking a significant milestone in our journey. This rebrand was not merely a cosmetic change but a strategic pivot to align with our vision of building a robust and sustainable Layer-1 ecosystem powered by $VIC. The foundation of Viction rests on the extensive research and innovative concepts that our team has meticulously developed and refined.

Over the past months, Viction has rapidly grown, onboarding numerous teams to lay the groundwork for sustainable infrastructure, namely notable collaborations with LayerZero, Particle Network, Pyth Network, Hyperlane, Nansen, Galxe, etc. Our flagship event, the Viction Startup Hackathon, has been pivotal in fostering creativity and collaboration among developers and entrepreneurs. This event underscores our commitment to nurturing new talent and driving groundbreaking projects within our ecosystem.



The launch of the Viction World Wide Chain (WWC) has significantly broadened our global reach, enabling us to connect with international partners and explore new markets. Our strategic collaboration with Lumoz and the introduction of Viction DA have further enhanced our technological capabilities, driving forward our mission to create a seamless and efficient blockchain infrastructure. By leveraging the Polygon CDK, we have accelerated the growth of AppChain in Asia, establishing Viction as a key player in the region's blockchain landscape.

Despite our impressive progress, we recognize the need to continuously evolve and innovate to stay ahead in a competitive landscape. Our commitment to excellence drives us to pursue new capital, resources, and talent to fully realize our potential.

Today, we proudly present the VIP#1: The Need for Viction Future Initiatives, a new comprehensive plan designed to address previous challenges and chart a path towards a sustainable and thriving Viction. This proposal outlines our strategic initiatives to enhance network security, incentivize community engagement, and drive technological advancements. By implementing these changes, we aim to build a stronger, more resilient Viction ecosystem, positioning ourselves for long-term success and innovation in the blockchain industry. Together, we are building the future of blockchain, and our best days are ahead.

2. The VIP#1: The Need for Viction Future Initiatives
2.1. Motivation: 
$VIC is the ecosystem token for Viction, with a current circulating supply of approximately ~98.3M $VIC out of a maximum supply of 100M $VIC. According to the Viction Foundation's estimates, $VIC will be fully circulated by June 2026, with the remaining ~1.7M $VIC allocated to $VIC Masternodes. This situation presents a challenge for Masternodes, which are vital for maintaining the security and stability of our network. As the supply of $VIC nears its limit, Masternodes face the disadvantage of limited incentives, which could impact their ability to support the system effectively. Ensuring the security and robustness of our network remains a top priority, and we are committed to finding solutions that will address these concerns and uphold the integrity of our ecosystem.

The majority of $VIC is held by the public (inc. Masternodes) – with Viction Foundation and its Ecosystem Development Pool holding only a limited amount of $VIC. Given this dynamic, the Viction Foundation currently has limited ability going forward to incentivize ecosystem citizens to build use cases on Viction under $VIC’s current parameters.

In November 2023, Viction Foundation undertook a massive rebranding exercise – seeing us transform from TomoChain to Viction. Having laid a strong foundation, we believe now is the opportune moment to elevate Viction into a resilient and sustainable Layer 1 ecosystem driven by $VIC. The VIP#1: The Need for Viction Future Initiatives (outlined below) is crucial to achieving our roadmap.

2.2. Key Highlights
This proposal outlines the Viction Foundation’s intention for Viction to undertake the VIP#1: The Need for Viction Future Initiatives – a transformative step towards years ahead of Viction. These changes are essential to realizing Viction Foundation’s long-term vision of building a robust and sustainable Layer-1 ecosystem powered by $VIC.

There are 2 key pillars for the VIP#1: The Need for Viction Future Initiatives:

Network Security:

Viction's unwavering commitment to security is paramount. However, with the recent halving, the dwindling block rewards (~1 million VIC remaining over the next two years) pose a significant challenge. This decline disincentivizes Masternodes, the lifeblood of our network's security, potentially leading to a mass exodus. This, in turn, reduces the attack cost and exposes Viction to increased risk.

We propose a decisive solution: a strategic adjustment to block rewards to bolster the Masternode incentives. This will not only revitalize existing Masternodes but also pave the way for innovative staking solutions. Our vision is to transform VIC into a truly productive asset, attracting a new generation of retail investors who can participate by operating or delegating to Masternodes. The ultimate objective: a fortified network secured by a flourishing network of Masternodes.

Ecosystem Development:

The current blockchain platform landscape is a dynamic environment, with new Layer 2 solutions and Layer 1 blockchains emerging frequently. To maintain a competitive advantage, Viction must proactively attract developers, creators, and institutions. Detailed proposals for achieving this objective are outlined in the following section. By implementing these initiatives, Viction will foster a vibrant ecosystem, attracting the talent and projects necessary for long-term success.



2.3. Specification:
Item 1: Increasing Security Economic

Increase Masternode rewards from the current ~1M $VIC per year to total ~5M $VIC for the first 3 years, followed by a 4-year halving cycle over a span of 16 years.  
This is necessary to incentivize Masternodes to strengthen the security of the Viction Network, by providing them with continued $VIC rewards. Viction Foundation proposes for $VIC inflation to halve every 4 years (i.e. 63,072,000 blocks with Viction’s 2s block time). With this, ~30M $VIC is expected to be circulated by 2040 (i.e. T + 16 years).



Item 2: Outlining Future Ecosystem Initiatives: Allocate 80M $VIC to the Viction Ecosystem Development Pool

The Viction Foundation proposes allocating 80M $VIC to the Ecosystem Development Pool, which will be minted once into the Genesis Multisig and distributed over 4 years. This pool will be initially managed by the Viction Foundation, transitioning eventually to governance by the Viction Community. $VIC within the Ecosystem Development Pool will be dedicated exclusively to Ecosystem Development initiatives, supporting Viction’s ambitious roadmap towards Viction 2.0.

Initially, the fund will be managed by the Viction Foundation, but governance will eventually transition to the Viction Community. Voting will be required in the later phase when the community becomes much more stronger and involved in governance. Additionally, reports on the fund's usage will be published usually to ensure transparency and accountability. This democratic process ensures that the allocation of funds aligns closely with the community's priorities and aspirations for Viction's growth and development.

VIC RetroDrops Program

A total of 20M $VIC will be allocated over four years, distributed quarterly (1.25M $VIC per quarter). Eligibility for the first quarter tentatively includes Viction supporters (i.e. proposal voters, stakers, governance participants, and active members in the Viction ecosystem,...). For subsequent quarters, eligibility will extend to projects built on Viction that wish to distribute $VIC to their users through user acquisition campaigns. This initiative aims to encourage the growth and adoption of new projects within the Viction ecosystem by providing them with the resources needed to attract and engage their user base. 

Additionally, the Viction community may receive airdrops from Layer-2 solutions built on Viction, enhancing their yield beyond staking rewards.

Ecosystem Development Program
We're establishing a $10M Viction Ecosystem Fund to empower the next generation of builders. This fund will be instrumental in attracting and supporting projects that enhance the functionality, utility, and overall value of Viction.  This broader ecosystem creates a network effect, potentially increasing the value proposition of VIC tokens. Key focus areas for the fund include:

Grants for Developers and Projects

DApps Development: Providing grants to developers building decentralized applications (DApps) on the Viction platform. These DApps could range from DeFi, NFT, and Gaming to Social media and Supply Chain solutions, fostering a diverse application ecosystem that attracts a wide user base.

Consumer Applications: Supporting the creation of consumer-facing applications that enhance user experience and drive mass adoption of Viction. This includes user-friendly wallets, payment systems, and other tools that make blockchain technology accessible to everyday users.       

Intellectual Property (IP) Projects: Encouraging projects that leverage blockchain for IP management, ensuring transparent and secure handling of intellectual property rights, copyrights, and patents.

Layer-2 Solutions and Data Availability (DA)        
L2 Solutions: Funding projects that develop Layer-2 solutions to improve scalability and reduce transaction costs on the Viction blockchain. These solutions can significantly enhance the user experience and make the Viction platform more efficient and cost-effective.

Data Availability (DA): Supporting the development and growth of Viction Data Availability, compatible with not only EVM but non-EVM blockchains. This initiative will also facilitate the deployment of Layer-2 solutions on Viction, providing ecosystem partners with a robust infrastructure for their applications.

Liquidity Incentives: Allocating $VIC to incentivize liquidity providers and attract capital to Viction’s DeFi ecosystem. This includes rewards for providing liquidity to decentralized exchanges, lending platforms, and other financial applications.



Community Acceleration Program
The Community Acceleration Program will allocate 20M $VIC distributed in four years to foster growth and engagement across various segments of our community, and onboard more on-chain citizens on Viction. This program will encourage community participation through programs like the Ambassador Program, Working Groups that nurture creators, gamers, NFT collectors, developers, and university partners, and a dedicated Builder Accelerator program. A highly engaged community can significantly boost the growth and development of the Viction ecosystem. By nurturing these diverse groups, we aim to:

Ambassador Program: Empower and incentivize community members to actively promote and support the Viction ecosystem. By nurturing our Ambassadors, we aim to create a vibrant and dynamic community that drives innovation and adoption.

Creators, and Gamers: Support content creators and gamers by providing resources and platforms to showcase their work, incentivizing innovation and creativity within the Viction ecosystem.

NFT Collectors: Engage NFT collectors by organizing events, competitions, and exclusive drops, promoting the exchange and appreciation of digital assets.

Developers: Offer comprehensive support to developers through grants, mentorship, and technical resources, encouraging the creation of innovative dApps and blockchain solutions on Viction.

University Partners: Collaborate with academic institutions to foster research, education, and development, integrating blockchain technology into academic curricula and encouraging the next generation of blockchain experts.

Builder Accelerator Program: Establish a program to accelerate the growth of promising startups and projects, providing Web3 Builders with funding, mentorship, and networking opportunities to scale their solutions within the Viction ecosystem.

Hackathons and Competitions: Organize/ sponsor hackathons, coding competitions, and other events to engage the developer community, encourage innovation, and identify promising projects that can benefit from further support.

Ecosystem Marketing and Outreach

Marketing Campaigns: Funding marketing campaigns to raise awareness of Viction’s capabilities and attract developers, users, and investors to the platform. Effective marketing can drive adoption and build a strong community around Viction.

Educational Initiatives: Supporting educational programs, workshops, and resources that educate the community about blockchain technology and Viction’s offerings. This can help onboard new users and developers, fostering a knowledgeable and engaged ecosystem.



R&D and Ecosystem Partnership
With a dedicated allocation of 20M $VIC, this initiative focuses on advancing Viction's technological infrastructure and strategic collaborations. Key areas of investment include:

Infrastructure Development: Enhance the core infrastructure of the Viction blockchain, improving scalability, security, and performance to support a growing number of dApps and users.

Listings and Integrations: Facilitate the listing of $VIC and assets on Viction on major exchanges and integrate with key platforms, increasing liquidity and accessibility for users and investors.

Stablecoin Integration and Development: Support the creation and integration of stablecoins within the Viction ecosystem, providing a reliable medium of exchange and enhancing the overall utility of the platform.

Strategic Partnerships: Forge partnerships with leading blockchain projects, technology providers, and industry stakeholders to foster collaboration and drive mutual growth, leveraging synergies to enhance the Viction ecosystem.

Future initiatives
A reserve of 10M $VIC will be set aside to address emerging opportunities and challenges, ensuring the long-term adaptability and resilience of the Viction ecosystem. This fund will enable us to:

Seize New Opportunities: Quickly respond to new technological advancements, market trends, and regulatory changes, ensuring that Viction remains at the forefront of the blockchain industry.

Innovative Projects: Support cutting-edge projects and experiments that push the boundaries of what is possible with blockchain technology, fostering a culture of continuous innovation.

Community-Driven Initiatives: Allocate resources to initiatives proposed and voted on by the Viction community, ensuring that the ecosystem evolves in alignment with the needs and aspirations of its users.

Crisis Management: Provide a financial cushion to address unforeseen challenges and crises, ensuring the stability and continuity of the Viction platform during turbulent times.

A full model with the changes to the above parameters can be found here. (Note: The estimated Masternode reward figures are subject to change based on actual conditions.)



2.4. Projected timeline and next steps: 
[Early July 2024] Coordinate to get feedback from centralized exchanges on the new tokenomics

[July 12, 2024] Proposal posted to Governance Forum

[July 12 - July 21, 2024] Address concerns from the community, and collect feedback.

[July 19, 2024] Community Call

[0h, July 20, 2024] Snapshot Voting Page LIVE for the VIP#1: The Need for Viction Future Initiatives    

[July 21 - July 25, 2024] Voting time

[TBD] Viction Foundation to implement Viction VIP#1: The Need for Viction Future Initiatives. To release a new whitepaper and further documentation on this change.

2.5. Governance & Voting
To succeed, this proposal must reach a 5M $VIC Quorum and receive more than 50% of votes in favor of the proposal.

3. Conclusion
With the revised tokenomics, we are laying the foundation for Viction into a dynamic and sustainable ecosystem. This pool will not only fuel the development of Viction 2.0 but also empower the community to actively participate in its governance and direction.

Through transparent and inclusive processes, we will ensure that every $VIC allocated from this pool has its purpose and is used judiciously, prioritizing initiatives that enhance scalability, security, and usability. By inviting community input, feedback, and collaboration, we aim to harness the collective wisdom and creativity of our diverse stakeholders. This collaborative approach not only strengthens trust within our community but also drives innovation at every level of our ecosystem.

As we embark on this transformative journey, we invite all enthusiasts, developers, investors, and stakeholders to join us. Together, we embrace the challenges ahead with determination and optimism, knowing that each step forward brings us closer to realizing the full potential of Viction. Together, we will build a future where blockchain technology empowers individuals, fosters innovation, and creates sustainable value for generations to come.