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Today I'll be talking about the tokenomics of $VIDT @v_id_blockchain. I will go through each part individually to ensure a clear breakdown is given for how fundamentally bullish their tokenomics model is.
As always, we'll begin below.
$VIDT $BTC $ETH $BNB $WAVES $FTM $LTO $DGB
As always, we'll begin below.
$VIDT $BTC $ETH $BNB $WAVES $FTM $LTO $DGB
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To start off with we will go over a breakdown of the tokens total supply:
Circulating: 43,398,884
Validation Pool (Closed): 11,299,680
Team - Locked (20% unlocked annually): 1,800,000
Advisers - Locked (20% unlocked annually): 1,200,000
Total Supply: 57,698,564
To start off with we will go over a breakdown of the tokens total supply:
Circulating: 43,398,884
Validation Pool (Closed): 11,299,680
Team - Locked (20% unlocked annually): 1,800,000
Advisers - Locked (20% unlocked annually): 1,200,000
Total Supply: 57,698,564
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We will now dig in further to these figures:
Circulating: The amount of tokens that is currently circulating throughout. These take into account areas such as: investor tokens, exchange tokens etc.
We will now dig in further to these figures:
Circulating: The amount of tokens that is currently circulating throughout. These take into account areas such as: investor tokens, exchange tokens etc.
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Validation Pool: The validation pool is a non-circulating set of tokens that are used by clients which play an integral role in the V-ID $VIDT business. These tokens are used by clients to validate and verify using $VIDT 's technology.
Validation Pool: The validation pool is a non-circulating set of tokens that are used by clients which play an integral role in the V-ID $VIDT business. These tokens are used by clients to validate and verify using $VIDT 's technology.
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These tokens are distrubuted out (in batches) according to a clients' needs. For instance, a client can reload their personal wallet with 100,000 VIDT for a FIAT fee which will then enable them to make use of the services avaialable from $VIDT.
These tokens are distrubuted out (in batches) according to a clients' needs. For instance, a client can reload their personal wallet with 100,000 VIDT for a FIAT fee which will then enable them to make use of the services avaialable from $VIDT.
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A FIAT fee is used to ensure that all of the stress is removed from the client. $VIDT have created a process that is effortless for clients and as such, it lets them focus on what is important to them: their businesses.
A FIAT fee is used to ensure that all of the stress is removed from the client. $VIDT have created a process that is effortless for clients and as such, it lets them focus on what is important to them: their businesses.
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It is important to note that you also cannot just sign up and purchase tokens. All clients go through a rigorous KYC/AML process to not only safeguard themselves, but, to also safeguard $VIDT. On top of this, $VIDT is also GDPR compliant.
It is important to note that you also cannot just sign up and purchase tokens. All clients go through a rigorous KYC/AML process to not only safeguard themselves, but, to also safeguard $VIDT. On top of this, $VIDT is also GDPR compliant.
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Team - Locked: These are the teams tokens which are unlocked 20% per year.
Advisers - Locked: These are the advisers tokens which are unlocked 20% per year.
I wanted to also highlight just how little of the supply the team and advisers actually hold...
Team - Locked: These are the teams tokens which are unlocked 20% per year.
Advisers - Locked: These are the advisers tokens which are unlocked 20% per year.
I wanted to also highlight just how little of the supply the team and advisers actually hold...
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Comparatively speaking, it's not uncommon for teams to hold 25%+ of the supply. However, if we do a quick calculation we can see that the team and advisers' locked tokens only account for 5.1% of the total supply. That is incredibly low.
Comparatively speaking, it's not uncommon for teams to hold 25%+ of the supply. However, if we do a quick calculation we can see that the team and advisers' locked tokens only account for 5.1% of the total supply. That is incredibly low.
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I will detail additional ways to keep track of these figures in later tweets, however, for now, please see below the V-ID Official User Dashboard that is updated in real time:
I will detail additional ways to keep track of these figures in later tweets, however, for now, please see below the V-ID Official User Dashboard that is updated in real time:
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Please note: On the Dashboard The 'Fund, Listings, Marketing etc.' wallet containing 1,181,984 is included in the circulating figure of 43,398,884.
Please note: On the Dashboard The 'Fund, Listings, Marketing etc.' wallet containing 1,181,984 is included in the circulating figure of 43,398,884.
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The User Dashboard is a number crunchers dream. Do make sure to have a look through as there is far more being displayed than what I have gone over above. https://about.v-id.org/vidt-usage-dashboard/
The User Dashboard is a number crunchers dream. Do make sure to have a look through as there is far more being displayed than what I have gone over above. https://about.v-id.org/vidt-usage-dashboard/
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We'll now discuss the burn/buyback side of the tokenomic structure.
Each month, clients such as IBM, AmSpec and AirBus spend $VIDT based on services required. All transactions end up in the $VIDT Validation Wallet.
We'll now discuss the burn/buyback side of the tokenomic structure.
Each month, clients such as IBM, AmSpec and AirBus spend $VIDT based on services required. All transactions end up in the $VIDT Validation Wallet.
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This total is accumulated throughout the month and totalled up as of 00:00 on the first day of the next month. As of this time, a new months accumulation of $VIDT spent will begin.
This total is accumulated throughout the month and totalled up as of 00:00 on the first day of the next month. As of this time, a new months accumulation of $VIDT spent will begin.
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10% of this figure is subsequently bought back throughout the month from exchanges in the form of a 'buyback'
A further 10% is burned from the Validation Pool (closed) based on the total monthly figure.
10% of this figure is subsequently bought back throughout the month from exchanges in the form of a 'buyback'
A further 10% is burned from the Validation Pool (closed) based on the total monthly figure.
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In total, each month, 20% of the $VIDT spent is burned forever. This creates a deflationary by design aspect to an already incredibly scarce token.
The remaining 80% is moved back to the Validation Pool (Closed) to begin the cycle again.
In total, each month, 20% of the $VIDT spent is burned forever. This creates a deflationary by design aspect to an already incredibly scarce token.
The remaining 80% is moved back to the Validation Pool (Closed) to begin the cycle again.
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The trails for each monthly burn can also be seen on the Official User Dashboard linked above. The team created this dashboard with the goal of being transparent while providing an concise way of displaying their data correctly. You are accurately able to track and...
The trails for each monthly burn can also be seen on the Official User Dashboard linked above. The team created this dashboard with the goal of being transparent while providing an concise way of displaying their data correctly. You are accurately able to track and...
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understand the tokenomics and burn process from day 1 using this intuitive website.
So what does that mean for burns since inception? Let's take a look:
understand the tokenomics and burn process from day 1 using this intuitive website.
So what does that mean for burns since inception? Let's take a look:
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In total, at the start of the ICO there was a total supply of 100 million tokens.
The ICO was incredibly successful, but, not all tokens were sold. As such, the team decided to burn all tokens that were not sold during the ICO. This resulted in a burn of: 36,698,458 tokens.
In total, at the start of the ICO there was a total supply of 100 million tokens.
The ICO was incredibly successful, but, not all tokens were sold. As such, the team decided to burn all tokens that were not sold during the ICO. This resulted in a burn of: 36,698,458 tokens.
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Since then we have seen over a dozen monthly burns which have all aided to reduce the total supply.
So far we have the following burn figures:
Since then we have seen over a dozen monthly burns which have all aided to reduce the total supply.
So far we have the following burn figures:
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Burned during ICO: 36,698,458
Total tokenomic burns: 5,602,978
10% circ burns bought back from exchanges: 1,902,640.5
10% non-circ burn from the Validation Pool: 1,902,640.5
Valentine's Day Burn: 1,797,697
Burned during ICO: 36,698,458
Total tokenomic burns: 5,602,978
10% circ burns bought back from exchanges: 1,902,640.5
10% non-circ burn from the Validation Pool: 1,902,640.5
Valentine's Day Burn: 1,797,697
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As you can see, so far alone, the team have bought back and burned almost 2 million $VIDT from the open market. The total tokenomic burn takes into account both the circ, non circ burns and Valentine's day burn.
As you can see, so far alone, the team have bought back and burned almost 2 million $VIDT from the open market. The total tokenomic burn takes into account both the circ, non circ burns and Valentine's day burn.
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When totalled together you end up with a total burn figure (thus far) of 42,301,436 $VIDT tokens.
That is a staggering amount and as time goes on, this number will only get bigger. This will also continue to occur, month-on-month.
When totalled together you end up with a total burn figure (thus far) of 42,301,436 $VIDT tokens.
That is a staggering amount and as time goes on, this number will only get bigger. This will also continue to occur, month-on-month.
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As the burns occur at the end of each month we have yet to see our July burn. However, it's adding up to be another very successful burn which will once again make $VIDT even more scarce.
As the burns occur at the end of each month we have yet to see our July burn. However, it's adding up to be another very successful burn which will once again make $VIDT even more scarce.
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This really is, one of, if not the strongest fundamentally through intuitive tokenomic design when compared to the wider markets.
This really is, one of, if not the strongest fundamentally through intuitive tokenomic design when compared to the wider markets.
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On top of the Official $VIDT User Dashboard we also have another dashboard created by a valued community member Jim:
https://www.vidt-stats.com/
On top of the Official $VIDT User Dashboard we also have another dashboard created by a valued community member Jim:
https://www.vidt-stats.com/
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And as always, further additional information:
https://about.v-id.org/token/
Our unofficial TG - come say hi!: https://t.me/VIDTokenCommunity
And as always, further additional information:
https://about.v-id.org/token/
Our unofficial TG - come say hi!: https://t.me/VIDTokenCommunity
