What is Vidy Coin and its Price

Nafa Lightyani

What is Vidy Coin and its Price

Rancakmedia.com – Recently Vidy coin has become a topic of conversation among the world crypto community, do you know what Vidy coin is? If not, in the article below we will discuss Vidy Coin along with its price.

What is Vidy Coin

Vidy is a company that focuses on developing new media technologies to change traditional advertising modes.

The project was developed by Patrick Colangelo and supported by a world-class engineering team located in San Francisco. Indonesia is one of six countries where the initiative has offices.

The aim of this project is to provide a decentralized advertising network, Vidy is known to have partnered with many companies such as CNN Indonesia, CNBC, Procter & Gamble, Coca Cola, Deliveroo, Esquire Magazine and so on.

Vidy utilizes NLP or Natural Language Procession technology which allows marketers to insert video ads directly into website content without actually displaying the ad. This will ensure that readers will not be distracted when accessing the website and make the material more interesting.

Since Vidy customers come from different regions of the world, to overcome transaction difficulties, Vidy created their own coin, VidyCoin.

Vidy Coin

VidyCoin is Vidy's ERC20 utility token and the money of the Vidy Ecosystem. Advertisers purchase ad placements using VidyCoin and the VidyCoin will be received by publishers and miners who operate the Vidy NLP protocol to place those ads.

Among those eligible for the airdrop are companies and individuals who have paid for Vidy Coins in private sales or through foundations or have received them through other means.

Then ad viewers who see Vidy technology-based ads can get rewards in the form of Vidy Coins. This Vidy can be downloaded without the need to download any program, or even any browser plug-in or add-on.

You simply access the website as usual, engage with the information and view videos, and be rewarded with Vidy tokens.

To be eligible for rewards, all you have to do is register, and a wallet will be created for you at no cost.

The wallet will be displayed as soon as you find text embedded in a video using Vidy technology, from there you can simply register and view ads as usual to collect Vidy rewards.

One publication that has included this is Vogue Singapore. In the first five days of the new feature's availability, VOGUE users viewed up to 400 million seconds of 30 micro-videos.

This function also succeeded in getting 78.000 new registrations in the VIDY wallet. The more people got involved, the more Vidy realized that this might be a game changer for the already overburdened Ethereum network.

Because of this, Vidy also created a dual token system by launching VIDYX using TRON, so that users do not have to endure progressive increases in gas prices during transactions or wait a long time when withdrawing tokens.

Difference between VIDYX and VIDY Coin

VIDYX and VIDY are closely related but actually have quite big differences. VIDYX is a token used in the VidyCoin ecosystem is the Vidy ERC20 utility token and currency of the Vidy Ecosystem.

Meanwhile, VIDY is a method that can be used for withdrawal, reward, price reduction and market activity in the Vidy ecosystem.

For example, the Vidy platform does not charge a “miner fee” when users want to withdraw VIDYX from the Vidy wallet used when watching movies, but the user account must have at least 1000 VIDY.

As a result, all VIDYX transactions and withdrawals rely on VIDY as “fuel”. Permanently the exchange ratio between VIDY and VIDYX is 5:1.

Among those eligible for the airdrop are companies and individuals who have paid for Vidy Coins in private sales or through foundations or have received them through other means.

Vidy and VidyX prices

Vidy has a cheaper price than its younger brother VidyX. Where Vidy's highest price occurred on April 5 2021 at $0.009113, equivalent to IDR 132. Meanwhile for VidyX, the maximum price is $3,40 or the equivalent of IDR 49.404.

Despite Vidyx's higher price, you still need to have at least 1.000 Vidy in your Vidy wallet to withdraw VidyX.

That's an explanation about Vidy Coin and a little about VidyX. Basically, the Vidy initiative has an interesting function. Because it is possible to generate decentralized advertising.

Vidy also understands how frustrating it is for internet users to be bombarded with adverts and not given reimbursement.

Indodax is an exchange where you can buy Vidy and Vidyx. You can find more details about Vidy in the whitepaper or the official Vidy website.

FAQ

What is the Vidy Community?

As the world's first decentralized blockchain video advertising network, Vidy has introduced a cryptocurrency asset called VidyCoin.

When will Vidyx be listed on Indodax?

Previously, Indodax CEO Oscar Darmawanto said that the two coins would be re-listed on Indodax on May 27 2022.

Whose Vidy Coin Does It Own?

The project was originally started by Patrick Colangelo and supported by a world-class engineering team located in San Francisco. Over the years, the project has grown to include offices in five other countries, including Indonesia.

 

Conclusion

Vidy is a company that focuses on developing new media technologies to change traditional advertising modes. VidyCoin is Vidy's ERC20 utility token and the money of the Vidy Ecosystem.

In the article above we not only provide an explanation about Vidy Coin, but we also discuss the differences between Vidy and VidyX and the prices of Vidy and VidyX.

That's the article about what is Vidy Coin and its prices, hopefully the article above can be useful and helpful for all of you.

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Nafa Lightyani

I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends.