The $VIDT Token
More than just an altcoin.
Last updated
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More than just an altcoin.
Last updated
Was this helpful?
The VIDT token, native to the VIDT DAO, plays a critical role in an open-source platform that enables verifiable trust. Using open-source blockchain and timestamping technology, data and documents can be made verifiable.
VIDT tokens can be traded on centralized crypto exchanges. Binance is the most popular platform for buying and trading VIDT DAO. Another popular option for trading VIDT is KuCoin.
For those using MetaMask, VIDT DAO (VIDT) can be added to view token holdings, trade on decentralized exchanges, and more.
One of the key use cases of the VIDT token is in data validation. Whenever a file is timestamped, a VIDT transaction is recorded, which captures all necessary details into several blockchains. The token is thus an integral part of the VIDT DAO validation process, making it possible for any Web3 developer, user, or wallet to use the VIDT DAO timestamp functionality to certify and verify documents.
$VIDT has recently been awarded the Layer 1 / Layer 2 tag on Binance, meaning that the project has demonstrated its value within the blockchain ecosystem. In other words, it has shown that it is capable of either supporting the base layer of a blockchain network (Layer 1) or enhancing its functionality and performance through a secondary protocol or framework (Layer 2).
In the case of VIDT, receiving this tag suggests that Binance recognizes the token's role in both these layers, indicating the project's contribution to the blockchain ecosystem. Here's how that might translate to trust and importance.
Find out more about $VIDT on Binance Research.
