VIDT DAO
Discover the essence of the VIDT DAO.
Last updated
Discover the essence of the VIDT DAO.
Last updated
The VIDT DAO is an open-source platform that provides a foundation of verifiable trust. It leverages blockchain and timestamping technology to ensure the veracity of data and documents. The native token of the platform is VIDT, which is integral to the data validation process. Each time a file is timestamped, a VIDT transaction is executed, recording all necessary details into the blockchain.
VIDT also plays a crucial role in the governance of the platform, empowering token holders to propose and vote on strategic decisions concerning business, marketing, and technical developments. Each wallet holding a certain amount of VIDT has one vote, thereby democratizing the decision-making process.
Several key components work in unison within the VIDT DAO ecosystem. The Incubator Treasury is a tool that allows the community to influence the strategic and commercial path of VIDT DAO. The Audit Committee is in place to perform sanity checks on submitted DAO proposals to ensure compliance with regulations. Finally, the Awareness Team, composed of volunteers, disseminates news about VIDT to foster community engagement.
As of November 9th, 2022, the total token supply of VIDT was 1,000,000,000, with a circulating supply of 770,011,370, representing approximately 77% of the total supply.
Don't just trust us. Read Binance Research on VIDT DAO here.
