VIDT Datalink

VIDT DAO (VIDT) is a blockchain-based project focusing on restoring digital trust through its Web3 ecosystem. It uses timestamping technology to ensure the authenticity and integrity of data and documents. The platform is open-source and allows anyone to timestamp any document or data, making its authenticity verifiable at any moment. The core of VIDT DAO’s offering is the $VIDT Utility Token, which facilitates the timestamping process. Each timestamp requires 1 $VIDT, making it accessible for holders to secure their digital documents. VIDT DAO has already seen adoption with over 25 real-life integrators using its technology.

• The total supply of VIDT DAO tokens is capped at 1,000,000,000 VIDT.

• The circulating supply is currently 770,011,370 VIDT coins.

• The VIDT token is used in transactions for validation, where details such as filehash, timestamp, and blockchain address are recorded.

• VIDT is deployed on two blockchains: BEP-20 on BNB Smart Chain and ERC-20 on Ethereum.

• The token is integral to the VIDT DAO validation process, as each time a VIDT holder timestamps a file, a VIDT transaction is made, recording all necessary details into several blockchains.

As of today #{today’s date}, the price of VIDT Datalink is ₹2.91 INR or 0.03125 USD, with a 24-hour trading volume of 3728767.74 USD. The market capitalization for VIDT Datalink is 26487443.97USD. The circulating supply is 842320913 VIDT Datalink, with the total supply also being 1000000000 VIDT Datalink.

Pros:

• VIDT DAO provides a practical solution for digital document and data verification, a growing need in the digital age.

• The token has real-world applications and integrations, indicating a level of adoption and utility.

• The dual blockchain deployment (BEP-20 and ERC-20) increases accessibility and potential for liquidity.

• The open-source nature of the platform encourages community involvement and development.

• The VIDT DAO ecosystem includes an incubator treasury and audit committee, which could foster innovation and ensure compliance.

Cons:

• The project operates in a highly competitive space with other blockchain-based data verification services.

• The token's success relies heavily on the adoption and continued use of the VIDT DAO platform.

• The cryptocurrency market is volatile, and the value of VIDT could be subject to significant fluctuations.

• It may need to help to maintain a sustainable revenue model as an open-source project.

• Regulatory changes in the blockchain and cryptocurrency space could impact the operation and value of VIDT DAO.

• VIDT DAO addresses a clear need for document and data integrity in the digital space, which could lead to increased demand for the token.

• The platform’s adoption by over 25 integrators suggests a growing trust and utility in the market.

• The token’s involvement in every timestamping transaction ensures its fundamental role within the VIDT DAO ecosystem.

• The project’s open-source approach could lead to continuous improvement and innovation, potentially increasing the token’s value.

• The dual blockchain deployment may provide greater security and flexibility for token holders.

• VIDT DAO’s unique selling proposition focuses on restoring digital trust through a simple yet powerful timestamping mechanism accessible to all.

• The platform’s open-source nature allows for widespread adoption and integration, setting it apart from proprietary solutions.

• VIDT DAO’s dual deployment on BNB Smart Chain and Ethereum provides users flexibility and choice, which is not always available with other tokens.

VIDT DAO aims to solve the problem of digital fraud and lack of trust in the authenticity of documents and data. Providing a blockchain-based timestamping service ensures that the integrity of digital assets can be verified, thus preventing fraud and enhancing trust in digital transactions.

• Launch Date: 2019

• Founders: Marnix van den Berg, Pim Voets, and Ceciel van Helden

• Blockchain Protocol: Ethereum & BNB

• Native Token: VIDT

• Market Cap: $27.9 million

• ICO Duration: 15th Oct — 20th Dec 2018

• Token Price: $0.400

• Tokens For Sale: 50,000,000

• The cryptocurrency market’s volatility can lead to significant price fluctuations, affecting the investment’s value.

• The success of VIDT DAO is dependent on the platform’s adoption, which is not guaranteed.

• Regulatory changes could negatively impact the operation and value of VIDT DAO.

• The competitive landscape may introduce superior technologies, reducing the relevance of VIDT DAO.

• VIDT DAO may face sustainability challenges as an open-source project if it cannot establish a profitable business model.

The VIDT DAO whitepaper outlines the vision and technology behind the VIDT DAO ecosystem, a decentralized third-generation blockchain validation system. Here is a summary of the key points from the whitepaper:

• Introduction:

• VIDT DAO is an open-source technology designed to bring trust into everyday processes by making data and documents verifiable. It uses the best open-source blockchain and timestamping technology to achieve this goal. The technology has been verified and audited by experts and is ready for global adoption.

• Technology:

• The VIDT DAO API is an efficient, cost-effective, and straightforward way to use VIDT Validation Tech. It is open-source, compatible with all major programming languages, and easily integrated with any software platform. The VIDT DAO smart contract performs multiple tasks each time a file is timestamped, including identifying the publisher, storing the encrypted hash of the file, and facilitating standard anchoring and NFT creation.

• Timestamping:

• VIDT DAO’s timestamping technology is a core feature that provides ‘Proof-of-Authenticity’ for data, setting in stone the truth and proof that specific data existed at a particular time. This technology is now fully open-source, allowing all VIDT holders to ensure the authenticity of their data and documents.

• Foundations:

• VIDT DAO technology is growing beyond just technology, with integrators serving various use cases around digital files, workflow automation, and physical documents for organizations like Amsterdam Vintage Watches, AmSpec, IBM, and Procentec. The ecosystem is expanding to enable verifiable trust for all Web3 developers and users.

• Technicalities:

• The VIDT DAO technicalities include features such as allowing any address/Web3 developer and user to use all timestamp functionality, innovation funds reserved for community proposals, and a fully audited token contract by Certik that complies with global regulatory demands. The DAO controls the intelligent contract.

• Recognition:

• VIDT Validation Tech has been used by organizations such as PROCENTEC, Airbus Defence & Space, and others, indicating its practical application and industry recognition.

• Decentralized Autonomous Organization (DAO):

• VIDT DAO empowers the community to make strategic decisions through a structure that includes no centralized privileges, an Incubator treasury to support innovations, Snapshot for community proposals and voting, and open-source code on GitHub.

• Incubator Treasury:

• The VIDT DAO Incubator Treasury holds funds to help new projects and is secured in a Gnosis safe. Initially, it has 23% of the total VIDT supply, with all VIDT spent for validations added to the balance.

• Audit Committee:

• The committee consists of 5 auditors responsible for auditing the voting process, performing quick checks on proposals, due diligence on executors, safeguarding deliverables, and holding Incubator Treasury funds in custody.

• Awareness Team:

• The VIDT DAO Awareness Team is a group of volunteers who share news about VIDT, its integrators, and other relevant information to the community.

• Ecosystem:

• The VIDT DAO ecosystem includes promo campaigns, a Snapshot space for community proposals, a Gnosis safe for the Incubator Treasury, functionality to swap $VIDT to $VIDT DAO, automated swaps on central exchanges, and campaigns for integrators and use-cases.

The whitepaper emphasizes VIDT DAO’s commitment to transparency, ease of scalability, and the goal of enabling verifiable trust for the entire Web3 ecosystem.