Read on Twitter
Today we will be looking into the recent @Stansberry report that was written. It focused its attention on a few tokens. However, it paid great attention to $VIDT @VIDT_Datalink.
We will now go through the report and highlight the main areas.
Let's dig in!
We will now go through the report and highlight the main areas.
Let's dig in!
/1
The first quote worth mentioning is:
"This crypto will be the gold standard for documentation. It's called V-ID ($VIDT)."
The first quote worth mentioning is:
"This crypto will be the gold standard for documentation. It's called V-ID ($VIDT)."
/2
As with other articles and reports that we've seen, they always start with a bang. This is quite a bold statement that $VIDT have successfully proven to be true through their exponential growth in recent months.
As with other articles and reports that we've seen, they always start with a bang. This is quite a bold statement that $VIDT have successfully proven to be true through their exponential growth in recent months.
/3
Stansberry noted that issues surrounding fraud were very quickly spiralling out of control in the US. This is true and it is also something that I covered recently within my Fraud multi tweet.
Stansberry noted that issues surrounding fraud were very quickly spiralling out of control in the US. This is true and it is also something that I covered recently within my Fraud multi tweet.
/5
As the potential return continues to grow so will the desire for criminals to pursue such lucrative activities. It's an area that many businesses neglect and as such, they become the perfect targets that are immediately susceptible to fraudulent encounters.
As the potential return continues to grow so will the desire for criminals to pursue such lucrative activities. It's an area that many businesses neglect and as such, they become the perfect targets that are immediately susceptible to fraudulent encounters.
/6
$VIDT is tackling many areas where high priced items are often prayed upon, for instance; fine art, watches, antiques and high value fake invoices. Wherever money is concerned (which let's face it is everywhere) there will always be the potential for such activity to occur.
$VIDT is tackling many areas where high priced items are often prayed upon, for instance; fine art, watches, antiques and high value fake invoices. Wherever money is concerned (which let's face it is everywhere) there will always be the potential for such activity to occur.
/7
As such, it's imperative that businesses step away from their hazed perception to truly factor this risk into the running of their businesses on a daily basis.
As such, it's imperative that businesses step away from their hazed perception to truly factor this risk into the running of their businesses on a daily basis.
/8
In the next area of the report they went on to note that "V-ID acts like a truth machine. Anyone can upload a file and find out if it's legitimate. It will tell you who created it, when they created it and if it has been changed or modified".
In the next area of the report they went on to note that "V-ID acts like a truth machine. Anyone can upload a file and find out if it's legitimate. It will tell you who created it, when they created it and if it has been changed or modified".
/9
This will become even more prevalent as they continue to pursue ideas surrounding B2C which would open the doors for anyone wishing to verify and protect senitive documents and data for the future.
This will become even more prevalent as they continue to pursue ideas surrounding B2C which would open the doors for anyone wishing to verify and protect senitive documents and data for the future.
/10
And as they noted, and as weve discussed before $VIDT are capable of validating files such as: diplomas and certificates, reports, inspection certificates, audit trails, due diligence trails, goods documentation, logistics and much more. The list is endless.
And as they noted, and as weve discussed before $VIDT are capable of validating files such as: diplomas and certificates, reports, inspection certificates, audit trails, due diligence trails, goods documentation, logistics and much more. The list is endless.
/11
This is done by $VIDT during the process. A fingerprint is first extracted from the file in question. This fingerprint is unique and unchangeable and is permanently saved on the Blockchain.
This is done by $VIDT during the process. A fingerprint is first extracted from the file in question. This fingerprint is unique and unchangeable and is permanently saved on the Blockchain.
/12
Following on from this clients then have a choice of where it is stored, currently there are a plethora of chains available such as $BTC, $ETH, $LTO, $DGB and the recent addition of $WAVES, among others. It's safe to say that I expect this list to continue to expand.
Following on from this clients then have a choice of where it is stored, currently there are a plethora of chains available such as $BTC, $ETH, $LTO, $DGB and the recent addition of $WAVES, among others. It's safe to say that I expect this list to continue to expand.
/13
After all, this area of the business complements their recent announcement through Datalink which serves the purpose of interoperability and simplicity. Multi-Chain x Multi-Cloud - seamlessly connecting anything effortlessly.
After all, this area of the business complements their recent announcement through Datalink which serves the purpose of interoperability and simplicity. Multi-Chain x Multi-Cloud - seamlessly connecting anything effortlessly.
/14
Businesses do not want the complexities, they just want an easy implementable solution to their issues.
This is where $VIDT comes in with their bespoke, tailored approach which ensures that every client receives the service that they require.
Businesses do not want the complexities, they just want an easy implementable solution to their issues.
This is where $VIDT comes in with their bespoke, tailored approach which ensures that every client receives the service that they require.
/15
For more information surrounding Datalink please check out my tweet below: https://twitter.com/JustThatBull99/status/1282600845532639233
For more information surrounding Datalink please check out my tweet below: https://twitter.com/JustThatBull99/status/1282600845532639233
/16
This then feeds back into their next segment within the report, the $VIDT tokenomics which aid the tokens scarcity. Every time a client uses $VIDT's services they spend $VIDT.
This then feeds back into their next segment within the report, the $VIDT tokenomics which aid the tokens scarcity. Every time a client uses $VIDT's services they spend $VIDT.
/17
20% of that value is burned forever each month. 10% of the 20% is purchased directly from exchanges which not only aids price growth but also forms a basis for scarcity going forward as less and less circulate.
20% of that value is burned forever each month. 10% of the 20% is purchased directly from exchanges which not only aids price growth but also forms a basis for scarcity going forward as less and less circulate.
/18
For a more in-depth breakdown, feel free to check my multi tweet surrounding $VIDT tokenomics: https://twitter.com/JustThatBull99/status/1288098958812872706
For a more in-depth breakdown, feel free to check my multi tweet surrounding $VIDT tokenomics: https://twitter.com/JustThatBull99/status/1288098958812872706
/19
The report ends by discussing the tokenomics in further detail along with the burns per month, the cost per validation and the way that the price is calculated each month. This is all covered in the link above too.
The report ends by discussing the tokenomics in further detail along with the burns per month, the cost per validation and the way that the price is calculated each month. This is all covered in the link above too.
/20
They also emphasised $VIDT's room for growth and their growth thus far looking back to Q4 onwards of the prior year.
They also emphasised $VIDT's room for growth and their growth thus far looking back to Q4 onwards of the prior year.
/21
It's safe to say that $VIDT have an incredibly bright future ahead of them. We've seen them grow, prosper, develop and harness new, important business relationships. The demand is there for a product that is sorely needed across every industry.
It's safe to say that $VIDT have an incredibly bright future ahead of them. We've seen them grow, prosper, develop and harness new, important business relationships. The demand is there for a product that is sorely needed across every industry.
/22
$VIDT are putting together a complete set of tools to accommodate everyone's needs. You can see this through the exponential growth in demand for the products currently available.
$VIDT are putting together a complete set of tools to accommodate everyone's needs. You can see this through the exponential growth in demand for the products currently available.
/23
It's certainly a project that I am incredibly interested in and as time goes on I am sure we'll continue to see more articles and reports cropping up dissecting exactly what $VIDT are achieving: the gold standard for documentation.
It's certainly a project that I am incredibly interested in and as time goes on I am sure we'll continue to see more articles and reports cropping up dissecting exactly what $VIDT are achieving: the gold standard for documentation.
/24
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
