logoV-ID (VIDT)

A Blockchain-Powered Data Validation Solution.
  • V-ID is a blockchain-powered data validation platform. The project aims to safely certify and secure all digital assets, so fraud and errors no longer hold back innovations in digitalization. The project has raised ~$3.25MM via private and public token sales, and is founded by Marnix van den Berg, Pim Voets, Ceciel van Helden, and Wico van Helden.
  • V-ID runs on the Ethereum blockchain, with its utility token VIDT running on Ethereum as an ERC-20 token.
  • Any user can register a file with the V-ID platform, which will create a hash that corresponds to this particular file, then store it on a blockchain of the user's choice. Since any change in the file will make its hash vastly different, the V-ID platform can easily detect any file tampering on behalf of the user.
  • The V-ID token (VIDT) is used as the means for payment in the V-ID platform. It can be used to issue transactions which record hash of the file, timestamp, personal and corporate wallet addresses, etc.

1. What is V-ID (VIDT)?

V-ID is a blockchain-powered data validation platform. The project aims to safely certify and secure all digital assets, so fraud and errors no longer hold back innovations in digitalization.

Any user can register a file with the V-ID platform, which will create a hash that corresponds to this particular file, then store it on a blockchain of the user's choice. Since any change in the file will make its hash vastly different, the V-ID platform can easily detect any file tampering on behalf of the user.

The V-ID token (VIDT) is used as the means for payment in the V-ID platform. It can be used to issue transactions which record hash of the file, timestamp, personal and corporate wallet addresses, etc.

2. Recent news

3. Economics and supply

  • Private Sale: conducted between between August 15th and October 15th 2018 for 0.084 USD / VIDT at an average rate of 6,521 USD = 1 BTC and 1.176 USD = 1 EUR, and raised a total of 0.85 MM USD, for 10,080,000 VIDT. The Private Sale was conducted in BTC and EUR, and raised a total of 2 BTC and 708,626 EUR.
  • Public Sale: conducted between October 15th and December 24th 2018 for 0.126 USD / VIDT at an average rate of 171 USD = 1 ETH, 4,490 USD = 1 BTC and 1.163 USD = 1 EUR, and raised a total of 2.40 MM USD, for 19,070,000 VIDT. The Public Sale was conducted in ETH, BTC and EUR, and raised a total of 811 ETH, 39 BTC and 1,795,562 EUR.

The token supply distribution is as follows:

  • Public Sale tokens comprise 19.07% of initial total supply.
  • Private Sale tokens comprise 10.08% of initial total supply.
  • Team tokens comprise 3.00% of initial total supply.
  • Advisors tokens comprise 2.00% of initial total supply.
  • Validation Pool tokens comprise 12.00% of initial total supply.
  • Ecosystem Development Fund tokens comprise 10.00% of initial total supply.
  • Bounty Program tokens comprise 7.15% of initial total supply.

The VIDT token had an initial total supply of 100,000,000. However, 32,850,000 unsold tokens were burnt, reducing the total supply to 67,150,000. In addition, the V-ID team conducts a monthly buyback & burn program, which further reduced the total supply to 59,099,205 as the time of writing.

VIDT token distribution (%)

VIDT token release schedule

Please note that the 12,000,000 VIDT tokens stored in the Validation Pool are planned to never go into circulation; the following release schedule for Ecosystem Development Fund tokens assumes V-ID will win the Binance Community Vote.

VIDT token release schedule

4. V-ID's activity and community overview

4.1 Development activity

4.2 Social and community data

V-ID will focus on Europe, Asia, and the Middle-East for its initial community development, before expanding into other regions of the world.

Current community growth strategies of V-ID include:

  • Constantly reaching out to Business-to-Customer service providers for V-ID integration.
  • Working with the Fantom Foundation on government-related projects to increase brand awareness.
  • Updating the community constantly via social media channels.

Future community growth strategies of V-ID include:

  • Co-hosting meetups and conferences with partner exchanges and projects.
  • Working with industry thought-leaders to promote V-ID integration.

4.3 Community and social channels (as at February 20th 2020)

Telegram News Channel (English)
Twitter (English)
Medium (English)
Unofficial Telegram Community (English)

5. Appendix