[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 10 KB, 480x360, hqdefault.jpg [View same] [iqdb] [saucenao] [google]
22375348 No.22375348 [Reply] [Original]

can someone explain why this coin has a circulating supply if the tokens are not used for anything

and even the locked validation pool tokens are debatable if really needed

>> No.22375662

>>22375348
no, this is not the place for strangers to help u with ur mental shortcomings.

>> No.22375701

>>22375348
Its Part of the whole tokenomics u dumdum
Also B2C app

>> No.22375713

Sergeyyy - you're back the very next day with the same talking points? Super fun. Here's the key tokenomics for newbies to this gem of a crypto:

So clearly you are misinformed. Let me help you and any others who might be confused by your basic fud:

- Clients pay in FIAT to buy bundles of VIDT tokens. It's always €1.24 for a validation. The amount of VIDT used, changes depending on the price of the token at the time. This is what the dynamic fee is. So the clients will always pay the same flat fee no matter the price.

- Each client has a 'client wallet' which contains ERC-20 VIDT tokens. The bundles of tokens they buy are loaded into these wallets.

- Each time a client wishes to validate a document on the blockchain, the number of tokens required is used. This creates a hash on the blockchain that directly relates to specific characteristics of that validated document. Anyone who has the file or a copy of it can validate via the VIDT portal at anytime.

- For the benefit of investors, there are buybacks & burns monthly. At the end of a month, 20% of the VIDT used is burned, and the equivalent of 10% is bought back from exchanges across the following month. On this page: https://about.v-id.org/vidt-usage-dashboard/ VIDT state the amount burned & bought back every month, and provide etherscan TXID's so you can see the proof.

So the token is needed for the very function of the business. They also make use of multiple blockchains to ensure speed & efficiency for the clients. So when the ethereum network is going nuts because of DeFi madness, documents are chained to other blockchains such as waves, LTO etc.

>> No.22375741

Let's not also forget a key point about staking... Just because the token has a 'use' by your definition, doesn't mean staking and gaining more tokens is going to do anything if the project itself goes to shit. VIDT is operating and earning income as we speak. Its not some theoretical project.

>> No.22375753

GUESS WHO'S BACK
BACK AGAIN
SERGEY'S BACK
TELL A FRIEND

SOLD THE BOTTOM
GOING MAD
IN HIS TRAILER
NO JOB
FUDDING VIDT
WHAT A LIFE

>> No.22375934

>>22375713
>So the token is needed for the very function of the business.

really ? bagholders can validate ?

>> No.22375963

>>22375934
They can validate your weird obsession with VIDT

>> No.22376009

>>22375934
What was described above is called TOKENOMICS.

>> No.22376093

>>22375963
t. chuck e cheese

>> No.22376124

>>22376093
Lol you've also brought some jokes along today

>> No.22376139

>>22376093
All you're doing is Creeting VIDT megathreads so ironically helping spread awareness for free - because VIDT lives rent free in your head

>> No.22376163

Lots of good articles on here peeps:

https://medium.com/@pim_vee

>> No.22376387

>>22376139
Sergey is VIDT's biggest marketing guru. I almost wonder whether it's a double-bluff and he still has his bags.