What do my fellow VIDlets make of this graph? Validation volume has not increased since April and are substantially lower than last month. Price increase can really only be justified by increased use, based on tokenomic model. Are we really flat lining this early on? Will validation numbers increase from amspec or are they at working capacity? Does anyone from the telegram have insight? I'm banned.
etherscan.io
t. 14k vidt
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overhyped shitcoin that will eventually dump
$35 by eoy?
>TA
Their validations are about 5 times higher than their conservative estimates. The long term prospect of this company is strong not even considering the no brainer pumps like major exchange listing
it'll eventually pump no matter what, it's not even on any legit exchange lol
can you fags ever click the fucking links? It's a graph showing token transfers into their validation wallet. The number has been declining for a while.
Wonder if this has a thing to do with the increase in price.
These guys are applicable to all industries. Give it some time.
And token not needed.
Right but they are still way ahead of schedule compared to what they original estimated which is a good sign overall. I'm not concerned.
Only have 2k
Ok I figured it out. The number of token transfers has declined. But the actual number of tokens transferred is roughly the same. Still not ideal
and yeah, token not needed. But that's how ICOs work
Wonder if this has a thing to do with the increase in price.
this.
validations costs are USD pegged so as Price moves up less and less tokens are needed for validation and thus less tokens will be burnt as price rises
We’re back up to 110k vits, pampppp eeeet
this coin is fundamentally shit, but it's one of the few non-obvious scams in crypto. you need to do more than ten minutes of research to refute it. it's amazing that it's still so cheap while shit like dentacoin is still floating around 150 or so.
buy it until top100, then dump.
right. So if this model is to be sustainable, particularly when we're in early growth stage, the number of tokens should still increase, or at the very least stay the same, even when price is increasing. Right now we're at about break even, which is OK
but I'm not sure if the validation cost is dynamic is it? Meaning it's being updated with the price in real time? We only had the spike about a week ago.
curious why you think that
The token is fundamentally based.
Refute this.
"token not needed" is literally a meme though
who the fuck cares about whether the token is needed in this market?
get a grip
token not needed. a company that accepts fiat could do the same thing, but cheaper and more convenient for the clients.
in december, a private investor will receive about a million tokens.
also, the airbus story is kind of suspect, since we haven't heard a single peep from airbus themselves.
Unironically this though
why would it be cheaper and more convenient? It's all done through an API so as far as the customer is concerned, they are basically paying with fiat
a million tokens is nothing, if that's actually true
The team is very transparent and went out of there way to dispel rumors about being a core partner with DBC. They stated very clearly Airbus uses their system internally. VIDT aint no scam.
imagine being this guy
First mover, reputation will be established beyond anyone after, validations paid with fiat
company > fiat > company will always be cheaper than company > fiat > ethereum > vidt > fiat > company. all these extra steps are filled with fees and more organizational requirements. also, a non-token project doesn't have to make thousands of bagholders rich.
vid stated that very clearly, airbus did not. for now, we have to trust the vid team. there's lots of room for doubt.
there's not network effect for vidt. it doesn't matter if 1 or 1000 companies use it - it still does the same thing. since there's no network effect, there's no big barrier a newcomer has to overcome to enter the market.
the absolute state of retardation here, do you really think that this kind of rationality will get you anywhere in crypto markets? just look at the writing on the walls, there's too much fomo potential for vidt, it's not even on any major exchange
that's literally what i wrote in my original post you absolute brainlet. vidt will probably hit top 100 within this year, but it'll be worthless in 5 years or so.
You can verify documents with your eyes ffs
You fuck tards, they introduced api that batch validations. It's why you see TXs with varying numbers of tokens
yeah, but the total number of tokens being transferred has plateaued for a while
sorry I've been a complete biztard, you're right
That was expected with price increase. Now, additional onboarding will increase amount of tokens when price consolidates. It will be a constant flux between price increase-> less tokens in validation wallet vs increased tx (new client onboarding, putting more tokens in wallet. It may end up being quite a balanced system
how is the onboarding going?
They seem top be adding clients fairly regularly.
Looking forward to see how many validations the Social media ID platform and the IBM IOE project brings
Reputation is what they'll have to overcome. So another entity steps in on the business doing the same exact thing, assuming validation is the same price (assuming VIDT will not be able to undercut competition with their established base clients), what motivation would they have to choose another project over the established entity? Aside from the company owning equity in the new entity.
If you try to FUD, do it a bit better please! Like this:
The private investor has bought 7.5mil tokens in the early stages of the project. Smart move from that user! Because the smart user had 27.5mil tokens (the team only 5.5mil), the V-ID team decided to buy back 2 mil tokens from the private investor. 1 mil got burned, 500k went to the learn and earn program, and the other 500k went to their pockets I assume.
On December the 24th there will be a insane increase of the circulating supply. 500k learn and earn in september + 5.5 mill from the private investor. A nice round total of 6 mil fresh tokens ready to fuck up your christmas. YAAYYY. The "learn and earn" (aka free airdrop for cryptobaggers) will lead to:
1. A disgusting community with people like: "when airdrop"
2. A sell off on the exchanges because people got it for free.
By the way a increase of 6mill on the current extra circ. supply is 22% extra coins on the market. I can't stand the following guerilla hype tactics, think about this for a second:
- DGB Verittas announcement; no info yet, soon.
- VIDS token; no info yet, soon
- IoE project (with a IBM logo in a exaggerating video also very cringe)
I think V-ID is pretending to be a whole lot bigger then they are right now. It has great potential, but the give aways and the fully running hype machine shows to me that there is something missing. When a project is good (like chainlink) hype isn't needed on this scale. V-ID is a small business with a strong business model, that's it. If you ask me, this token is all speculation and BS. The gains are real though, congratz vidt holders.
*7.5 million. srry my mistake first phrase.
how can 1 investor have 27.5 million token when only 27,2 milion are circulating?
He had 7.5 million, it was a typo
most effective fud Ive seen
what are you holding then? Besides link
where did my money just go
Weak FUD....this is a 10 mil cap project and real dutch based company with a working product being used by huge clients and ypu are nitpicking on the news segments maybe being exaggerated?
Pure vapor ware shit scams exceed 200 mil mcaps on the regular in this space.
This already has accomplished mire than most of the top 50 in crypto and price WILL follow.
The absolute state of you biztards i swear.
ok here's some good counter FUD:
I'm looking at the token transfer analytics on Etherscan. The validation wallet is receiving nearly as many tokens every day this month as it was during May. Maybe 10% less if I were to estimate. But let's call it equal. The token price in May was steady at around 7 cents. For the last two weeks, the token price was 15-20 cents. And for the last five days, the token price was 30+ cents. That's 5x the price of May. And they are still receiving almost the same number of validation tokens. From what I understand, they have a dynamic mechanism in place so that VIDT per validation adjusts in real time with the token price. If it's truly real time, or even just a delay of several days, then the company is generating nearly 5x as much revenue today as they were a month ago.
Happy to hear all criticisms
You're not wrong at all. Stupid fudsters can buy at 1$ from us for all I care.
well I want to make a calculated decision. I've got about 5k into it right now, and considering throwing another 20k into it from my LINK stack
I threw in about 4k and its already up to 10k so im pretty happy with my decision
Do it. I have been all in since 80k gwei and I will put even more when I get paid on friday.
>IDEX not being a legit exchange
user I...
lol well grats user but that doesn't predict the future. That's what I'm trying to do here. Looking for thermonuclear counter FUD but none seems to exist
COPE
fuck you guys can’t fud vidt. it’s not possible. it has more use case than all the coins in the top 100 combined. real work use what every coin is dreaming about. live with. buy or don’t.
all this shitposts with pedo, whale, no partners, dutch shitcoin are all pure BS and not based on any facts.
What retard would sell this gem at $1 with bullrun coming? I will hold until $50 plus.
I won't sell either until 20$ but some stupid fucks sell all the time when they see 5% profit
There's no reason to use it internally. Their own records management can verify documents.
The main use case for this is sending to external parties that can't validate against internal document repos.
5x as much revenue isn't true, because V-ID let their clients pay in fiat, on a monthly basis. There aren't 5 times more validations than one month ago. I think it slightly decreased a bit but that doesn't really matter imho. What bothers me is that just one person has more than literally everyone else (including the ones who lead the project, the V-ID team). One single whale can screw up so many user's this December. And this isn't a risk for V-ID itself cause they got paid in fiat lol.
Also the hype and the exaggerating stuff, you know my opinion about it...
if shitty fud is going to sway you on this one, you shouldn’t have bought in the first place. market sell retard
And thank me later
even if they pay monthly in fiat, the same number of tokens are being validated as last month, when the price per VIDT was only 7 cents. If their revenue hasn't gone up, validations would be way down because of the price increase.
Yeah the whale thing sucks. But if the price got to a point where he'd want to dump it all, it'd mean this coin got listed on binance. By then, I'm sure the liquidity would soak his sell orders right up.
They fixed the minimum VIDT needed for one single validation. For Q2 this was set to 19, because 19 vidt equaled €1,24 on march 1 . 19 vidt for 1 single validation was a given number. For Q3 this will most likely be 4 Vidt, because only 4 VIDT wil make €1,24. So a divided by almost 5. Nice! That means 5 times lesser buyback and burn from the company IF the amount of validations doesn't increase. See picture. For the V-ID team it is very lucrative to have a high tokenprice (in €) on the first day of the quarter! That way they burn less tokens AND have to buy back less at the end of the month.
Simply adding your token to a exchange for some additional liquidity won't solve the 22% extra circulating supply issue. That will almost certain be a price crusher.
thanks user
I notice very few of the transfers are for 19 VIDT though. They are for 23. Why exceed the minimum if they don't need to?
You have to pay a additional fee if you want to validate your files on a other chain like, dgb or btc! On ETH it is 19.
>When a project is good (like chainlink) hype isn't needed on this scale
Hahahhahahaha oh nononononono
>When a project is good (like chainlink) hype isn't needed on this scale
wow how new are you? Half the threads here are on chainlink
interesting. So most of these validations are actually being done on digibyte and btc then