Limitless (VIP) is a VIP Lifestyle and Entertainment agency that leverages blockchain technology as a payment option for services. With its main office based in Cape Town, South Africa, VIP the currency has been in development since January 2014. Its most recent update includes a consensus algorithm, privacy features, masternodes, and a number of other scaling solutions. Limitless is an independent currency, meaning it is not governed by the same structure as Ethereum ERC20 tokens that suffer at the mercy of the ETH price or the misfortune of smart contract misconfiguration or hackers of linked tokens dumping the price. The Limitless Core Network enables instant payments to anyone, anywhere in the world, however, the main real world use for Limitless will be for goods and services on Limitless island.
All decentralised cryptocurrency communities have one type of reward system or another for individuals who help secure their network. In systems like Bitcoin, the rewards are given to ‘sha256 miners’, individuals, groups of people or organisations that use these specialised rigs to secure the Bitcoin network. In Limitless, anyone who has VIP can help secure the network and is able to receive rewards for their efforts!