❓FAQ

Any questions?

Who makes up the Awareness Team for VIDT?

The VIDT Awareness Team is made up of volunteers who are excited about VIDT. They donate their time and skills to let more people know about VIDT.

Find out more at VIDT DAO Community

What is the core function of VIDT?

The core functionality of VIDT DAO is timestamping. A timestamp is a digital record that indicates the time an event occurred. The VIDT DAO technology lets integrators make a document’s authenticity verifiable. This means that the technology can be used to provide trust and security for all documents.

Found out more about timestamping at Timestamping

The VIDT to VIDT DAO transition didn't result in a proportional increase in supply when the price dropped. The supply was increased by a lot more. What happened here?

During the transition from VIDT to VIDT DAO, it's crucial to understand that such processes do not usually align with a one-to-one price correlation. Around the same period, an unfortunate event, the bankruptcy of FTX, led to a significant drop in the value of many coins, including $VIDT, and the overall crypto market.

Additionally, as we understand it, as part of kickstarting the new VIDT DAO ecosystem, a treasury was established, which resulted in an increase in supply. It's important to remember that this action was taken not to harm investors, but rather to stimulate and support the long-term growth of the VIDT DAO, with the ultimate aim of delivering value to all community members.

What’s in store for the near future?

The Team behind FileValidator recently announced the development for the V1 update on Twitter. FileValidator aims to integrate the VIDT DAO smart contract and bring it to consumers with a super easy-to-use UI/UX, enabling everyone to timestamp their files, ranging from essential contracts to creative work. We think FileValidator has huge potential to expand the VIDT DAO and are eager to see how their launch plays out.

It is an excellent showcase for the potential of VIDT DAO and we encourage everyone to use it. More information on FileValidator can be found on Twitter via @filevalidator and at www.filevalidator.com

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