/biz/ - Business & Finance

[Anonymous No.14370761]

(question stolen from a thread)

How is this any different from all the other bullshit flavour of the week pnd idex alts that's been shilled here since '16?
dont make me go through the catalog to list all 1000 of them that's been shilled the same way like this, only to be pnd'd and forgotten after like a month

[Anonymous No.14370783]

>>14370761

DYOR faggot

[Anonymous No.14370793]

>>14370761
It's a company that's actually generating revenue and their tokens will become shares.

Name one other project that had that in common?

[Anonymous No.14370794]

Mainly because it's a company that is already generating money from clients like Airbus and AmSpec. These are not some ambiguous ideas in a whitepaper that was Frankenstein'd together, but a clear use case that you could literally explain to your grandmother. And in this day and age the service they deliver is in high demand.

[Anonymous No.14370798]

>>14370761
>Marketcap
$9m

>Exhanges
Currently only on IDEX and hotbit. A tier 1 exchange listing is confirmed for Q3.
>Tokenomics
Supply is already 90% diluted! (majority of total supply you see on CMC is the validation pool which is permanently locked) All validation fees (on all blockchains supported) are paid for in VIDT. Clients can choose between a fixed € / $ fee (dynamic VIDT fee) or real-time market price (minimum VIDT fee). 10% of VIDT spent on validations is bought back at exchanges in unequal parts, at random moments. These tokens will be burned each month. Another 10% of VIDT spent on validations is taken from the Validation Wallet and burned as well.

Monthly buybacks and burns starting July '19.

>Clients
Several major clients including Airbus and Amspec. Amspec, a $500m revenue company have integrated the V-ID verification terminal into their website. There is a direct link from the main navigation bar on their website. http://www.amspecllc.com/verify/ They put an original rembrandt painting onto the blockchain and validated its authenticity: https://youtu.be/Zs17a4cDcU4

>Adoption
V-ID is a working product with numerous major clients currently using it, and here's the proof. Look at this: https://www.stateofthedapps.com/rankings V-ID has already made it into the TOP 50 (!!) of the most used ETH projects. Currently rank 35. It sits among projects like enigma, aelf, golem, decentraland, polymath. Check the marketcap history of these projects, then look at V-ID's.

>pic rel
preemptive fud destruction

[Anonymous No.14370835]

>>14370798
I’m curious if you could expand more on the monthly buybacks part?

They’re buying back hodler’s tokens or buying back unsold tokens floating around?

And thank you for the breakdown, looks likw a very interesting project

[Anonymous No.14370851]

>>14370835
https://about.v-id.org/vidt-usage-dashboard/
All relevant info here

[Anonymous No.14370922]

>>14370761
Accumulation going on as we speak, matey. BTC rally today gives you a little more time to get on board. Don't believe me? have a look at that pattern for yourself. BTC rally did not phase one little bit, one of the few coins that can make this boast.
https://idex.market/eth/vidt

[Anonymous No.14370937]

>>14370761
It's an md5 hashing service for boomer companies that don't know what md5 hashing is. It doesn't need a token or a blockchain (or at least a commercial blockchain). If anything, making boomers click on links in emails to "verify" them is a massive security threat.

[Anonymous No.14370963]

>>14370937
this fud was already preemptively destroyed. NEXT.
>>14370798

[Anonymous No.14371003]

>>14370937
I can understand you wanting to keep the price down while you accumulate, but
>boomer companies
Righhhht:
https://www.amspecllc.com/
https://www.amspecllc.com/verify/

Lift-off imminent

[Anonymous No.14371004]

>>14370937
After validating a file, it will go to the blockchain and you can verify it for free forever. What other company offers this?

[Anonymous No.14371086]

>>14371004
None. My wagie job involves importing raw materials for use in production. I request and use inspection reports every day. I have to trust the issuer. If all of my suppliers provided this kind of verification my life would be a lot easier and the purchases I make, much more risk free. No-one provides this, which is why I'm all in (50% BTC too though). This is literally a game changer in the test and inspection arena.

[Anonymous No.14371113]

I work at a top 10 University and this would make our lives so much easier issuing degrees and transcripts.

>no more thousand of emails asking if transcripts are legit

That alone makes it golden

[Anonymous No.14371233]

>>14371086
That's interesting anon why not propose to your boss about using VIDT

[Anonymous No.14371253]

Is 1600 VIDT enough to make it fren?

[Anonymous No.14371346]

>>14371253
i have only 200

[Anonymous No.14371362]

>>14371233
I do plan on discussing it with test inspection companies that we use. Most of them are in China, and a big problem we have is dealing with intermediaries (trading companies, etc). If I could trace a shipment and inspection report through to the original supplier with a verified original inspection certificate, our risk would drop to zero in terms of counterfeit goods and the like. Just to be clear, we rely on reports provided by test and inspection companies who we engage to visit manufacturers prior to every shipment. There are many such inspection companies, if one of them provided this level of confidence, I'd use them every time.

[Anonymous No.14371455]

>>14371362
Lol, I should approach V-ID to be their BDM in China, I know all the test and inspection companies in China and speak the language :D

[Anonymous No.14371509]

>>14371455
maybe you could write the VIDT team and speak with them about your idea

[Anonymous No.14371557]

>>14371113
Definitely automated transcript request system would make it less of a hassle on students too

[Anonymous No.14371579]

working product, airbus customer, huge future potential, could replace every notary, works on Internet of Enviroment with IBM, easy solution for complex problem

[Anonymous No.14371588]

>>14370761
it's mooning. get in. next stop 1.2$

[Anonymous No.14371600]

also this

[Anonymous No.14371607]

>>14370937
Kek, they have an API and automated processes also. Who would've though u don't have to do everything manually at this day and age?

[Anonymous No.14371706]

>>14371557
Yeah. I'm going to see if I can shill this in my institution.

Actually, it's help with PhD thesis submission to as everyone is always pissing their pants about version control and this ensures nothing gets altered after submission and being examined

[Anonymous No.14371970]

>>14371455
Get in touch with the team on telegram or elsewhere anon, it is your duty.

[Anonymous No.14371995]

I'm going to invest some eth in VIDT or QNT, can someone explain the burnback and buy mechanism a bit? If the price rises, there are less buybacks right, only if there are more validations? What if 22 mil in the validation wallet isn't enough to serve all their clients, will they buyback more?

[Anonymous No.14372087]

>>14371455
Talk to V-ID +1

[Anonymous No.14372309]

>>14372087
>>14371970
I'm sure they have someone scoping out China, but I'll reach out to them via linkedin

[Anonymous No.14372663]

reporting in