V-ID Token (VIDT)
The integral part of the validation process
Our mission is to safely certify and secure all digital assets, so fraud and errors no longer hold back society's innovations in digitalization.
The V-ID Token under the hood
V-ID is a service that detects any unlawful manipulation of any digital file. In order to make files verifiable, they must be validated. V-ID’s validation process involves extracting the fingerprints of files and saving them in the blockchain. If a file is changed with just one byte, pixel, character or anything else, the fingerprint is changed and V-ID will detect it 100%.
V-ID Token (VIDT)
The V-ID Token (VIDT) is what makes validations possible. V-ID appoints wallets to issuing organizations containing a balance of VIDT.
Every time an organization validates a file a VIDT transaction is made which records all necessary details (filetype, validation location, timestamp, identity). The VIDT token used in the transaction will be reducted from the validating organization's wallet.
More on tokenomics
The contextual information of a file, like the publishing party and the file’s purpose, is always saved on the V-ID Platform. The digital fingerprint is saved on 1 or more blockchains. There are a couple of conditions that need to be met, for a blockchain to be useful for V-ID Validation, but this also depends on the use case and the clients' protocols. We currently offer 5 blockchains to save the fingerprint to:
LTO Network, a hybrid blockchain, built for business, fast and GDPR compliant.
DigiByte, a very well known blockchain with great community support, a high node count and one of the most decentralized UTXO's .
V-ID Token ratings
Katja van Kranenburg - Hanspians, CMS Law Partner: "For us the combination of V-ID and LTO Network is a natural one.
Not only because of the energetic and open-minded way they handle blockchain projects with their knowledge and experience but also because both of them are fun to cooperate and explore possibilities in the blockchain space with. ”
V-ID clients spotlight
Last May, the V-ID team bought back a large portion of VIDT from a whale. We are giving away 500K VIDT to participants of the Learn & Earn programme. The programme starts in September, with limited slots, so sign up now to secure your slot!