Coin Report #56: V-ID

The service is currently unavailable to residents of other countries, unless you have an Australian or New Zealand ID, but will be made available to UK and Canadian residents in late 2021. V-ID was calculated to have buy-side Liquidity of 4.15 BTC, which equates to 0.29% of its Network Value. As a company, V-ID took the uncommon path of developing a product before raising funding. This was followed by a private sale of 12% of the total 100,000,000 VIDT tokens being created, and, in Q3-Q4 2018, V-ID launched an ICO, offering 50,000,000 VIDT to the public. $3.4mn was raised during this period, with 36mn unsold tokens burned and 14mn distributed to investors, equating to an average price per VIDT of ~$0.25.

The platform also has integration capabilities and transactions can be automated using their GitHub API. A benefit of trading with Swyftx in Australia is the possibility of funding your account and buying crypto using AUD and NZD. https://www.tokenexus.com/vidt/ When this service is made available in the UK and Canada, you will be able to deposit using GBP and CAD. This is possible using a variety of methods including POLi, PayID, bank transfer and Osko and there are no deposit fees.

Financial Stocks

A VIDT transaction involves recording all the necessary file info of a data package – such as type of file, location, timestamp, and identity. Whether it’s everyday work, or file storage, social media, it’s nearly impossible to imagine a non-digital life. DigitialCoinPrice expects a gradual upward trend for the data token, according to its VIDT Datalink crypto price prediction. Investors should conduct thorough research before investing and never spend more money than they can afford to lose on purchasing tokens. On the other hand, WalletInvestor calls it a “bad” long-term investment and its VIDT Datalink price prediction for 2022 assumes it will fall to $0.01 in a year’s time. By the beginning of 2027, the token is predicted to be trading below $0.01.

• The VIDT Datalink’s V-ID protects digital files from illegal activities, and as a blockchain network, it can seamlessly fit into any existing system without impacting the workflows.
• Read this 2023 Swyftx review to find out more about the services offered, available assets and more.
• Swyftx is a cryptocurrency exchange, meaning it is a platform on which users can buy, sell and trade crypto tokens.
• 16 customers had the opportunity to win $50 of Bitcoin by finding eight Easter eggs on the website.
• Where VIDT validates and secures the actual physical watches, Wordproof technology timestamps and anchors the online content, such as product pages, legal documents, and orders.

If you are still not satisfied, you will be connected with a real person. This is especially useful for urgent queries, for example, if your account is not logging in, your Osko deposit has not been received, 2FA is not working or you are having withdrawal issues. On Trust Pilot, support has been rated https://www.tokenexus.com/ 88% out of over 2,300 reviews as “excellent”. You can get in touch with the customer support team via phone, email, live chat or Telegram. You can also follow Swyftx on Twitter and Instagram for news and updates. The website also has an extensive section with how-to guides, FAQs and tutorials.

Blockchains supporting V-ID

Hyperledger – this blockchain has the advantage of privacy, and hence more control is exercised over the network. Now, any change made on the file will correspondingly reflect on the hash. This means any attempt at tampering with the file will be easily and quickly detected. Let’s explore more deeply what V-ID is about, as well as its native token – VIDT. According to the chart, the 100-day and 200-day Exponential Moving Average (EMA), the VIDT crypto may consolidate going forward.

• On Trust Pilot, support has been rated 88% out of over 2,300 reviews as “excellent”.
• After a bearish start to 2022, the VIDT token has seen a long-waited price surge.
• Investors should conduct thorough research before investing and never spend more money than they can afford to lose on purchasing tokens.
• It is worth asking a few of them for their price before you actually pay for a trip.
• Dzengi Сom сlosed joint stock company is a cryptoplatform operator (cryptoexchange) and carries out activities using tokens.

VIDT Datalink (VIDT) crypto is primarily a hybrid blockchain validation network that aims to protect the digital data of enterprises. Its unique security measures protect users against data manipulation or fraud. Besides being traded on crypto exchanges, the VIDT token is used to facilitate transaction fees within the VIDT Datalink ecosystem. If you are withdrawing or depositing crypto you will incur standard network mining fees, but Swyftx does not charge any fees on top of that. Swyftx is a legit crypto exchange that is regulated in Australia by AUSTRAC and has positive customer reviews – 4.8 stars on Trustpilot.

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Looking at this, I feel as though price remains bullish whilst we remain above 2,700 satoshis; form a new base here and I’d expect new all-time highs to follow. If we do start to break below that critical pivot, I’d expect range resistance to be retested, which is where I’d look to add to my position for the coming months. Swyftx is a cryptocurrency exchange that also offers a crypto wallet service for Android and iOS mobile devices. This wallet is supported by both hot and cold storage and has the ability to store over 100 cryptocurrencies.

If you are interested in long term growth, Swyftx offer seven different coin bundles, which are a way of diversifying your investments. Swyftx compiles these bundles in groups such as “Swyftx Top 10 by Market Cap”. If you purchase this bundle, your investment will be split evenly between the top 10 coins, ranked by market capitalisation.

Swyftx is an Australian, regulated cryptocurrency exchange with a range of DeFi services, including trading and lending. As for its sell-side Liquidity, I found there to be 873,016 VIDT listed for sale on exchanges, equating to 2.01% of its Circulating Supply. Again, this is very much average relative to other projects, but it is interesting to note that this figure has increased by ~190k VIDT since July 2019, but relative to circulating supply the ratio has fallen. Overall, I would argue that both buy-side and sell-side liquidity at present is moderate. EToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. EToro offers over 60+ Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies.

This range support held for 232 days, with price also capped by range resistance at 1,545 satoshis for the bulk of that period. The only instance it broke the range was during potential listing on Binance that V-ID missed out on, which led to a retrace back into the range and re-accumulation. Most importantly, we can see that price broke out above the range resistance in June 2020, also overcoming the 360dMA. Since then, VIDT has been on a tear, rallying for weeks on continually rising volume, turning prior resistance at 2,700 satoshis into support. Price rallied all the way to within spitting distance of the all-time high, peaking at 4700 satoshis before falling back towards this support area, where it currently trades. I am not convinced at all that the bull cycle is over for VIDT, particularly given the rich-list analysis from earlier in the report.