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Vector Smart Chain snags ex-CityGroup CFO, rolls out fixed gas fees!

Vector Smart Chain snags ex-CityGroup CFO, rolls out fixed gas fees!

Date: 2025-05-09 12:59:42 | By Clara Whitlock

Vector Smart Chain Shakes Up Crypto with Fixed Gas Fees and CitiGroup Bigwig!

Hold onto your hats, crypto fans! Vector Smart Chain (VSC) just dropped a bombshell: a fixed gas fee model and a former CitiGroup exec joining their team!

Forget the rollercoaster of gas fees, VSC is putting an end to the wild ride. On Friday, May 9, they unveiled a game-changing fixed gas fee model that promises to keep things steady, secure, and scalable across their network.

Get this: every gas fee on VSC will now be a cool, calm $4. No more nail-biting, just predictable costs that'll have enterprise clients doing backflips. And with VSC's hybrid consensus mechanism cranking out high throughput and near-instant finality, corporate users are gonna be all over this like ants on a picnic!

"This $4 fee? It's not just a number we pulled outta thin air. It's the sweet spot for keeping our network secure and accessible. We're kicking the guesswork to the curb!" a VSC spokesperson declared with a fist pump.

But wait, there's more! VSC's new model is set to make the chain deflationary in a way you can set your watch to. With each transaction, they'll burn $1 worth of VSC tokens, shrinking the total supply in lockstep with network action.

Vector Smart Chain Snags Former CitiGroup Exec

As if that wasn't enough excitement, VSC also announced they've nabbed Peter Ritchie, ex-Chief Financial Officer at CitiGroup Finance, to be their Strategic Finance Executive Consultant. This guy's gonna steer VSC's long-term financial strategy straight to the moon!

"We're not just playing with blockchain here—we're building a financial future that's transparent and tough as nails. VSC's got what it takes to lead the charge!" Peter Ritchie exclaimed, his eyes gleaming with determination.

Ritchie's not just along for the ride. He'll be mapping out VSC's global financial roadmap, keeping their economic model rock-solid, and beefing up ties with institutional and enterprise clients. Plus, he's gonna help VSC go green and hit that carbon-neutral goal.

And guess what? VSC's already making waves. BESC Exchange just announced they're ditching Solana and jumping ship to VSC, saying the network's got the goods for explosive growth.

Buckle up, folks. Vector Smart Chain is rewriting the crypto rulebook, and it's gonna be one hell of a ride!

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