What is Vidy Coin and its price

Rancakmedia.com – Lately the Vidy coin has been the talk of the world crypto community, do you already know what vidy coin is? if not, in the article below we will discuss vidy coin along with the price.

What is VidyCoin

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

This 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 this 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 leverages NLP or Natural Language Procession technology that allows marketers to insert video ads directly into website content without actually displaying the ad. This will keep the reader from being distracted while accessing the website and make the material more interesting.

Since Vidy's 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 VidyCoin will be accepted by publishers and miners operating the Vidy NLP protocol for placing 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 Coin. These 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 information and view videos, and are rewarded with Vidy tokens.

To be eligible for the 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 the text embedded in the video using Vidy's 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 managed to get 78,000 new registrations in the VIDY wallet. The more people 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 users don't have to endure progressive gas price increases during transactions or wait long times when withdrawing tokens.

The difference between VIDYX and VIDY Coin

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

Meanwhile, VIDY is a method that can be used to attract, reward, reduce prices, and market activity in the Vidy ecosystem.

For example, the Vidy platform does not charge a “miner fee” when a user wants to withdraw VIDYX from the Vidy wallet used while 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.

Price Vidy and VidyX

Vidy has a lower price than its younger brother VidyX. Where Vidy's highest price occurred on April 5, 2021 at $0.009113, equivalent to IDR 132. As 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 bit about VidyX. Basically, the Vidy initiative has an interesting function. Because it is possible to generate decentralized ads.

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

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

FAQs

What is Vidy Community?

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

When will Vidyx be listed on Indodax?

Previously, Indodax CEO Oscar Darmawanto had said that the two coins would be listed again at Indodax on May 27, 2022.

Whose Vidy Coin Belongs?

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 focused 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 of vidy coin, but we also discuss the differences between vidy and vidyX and the price for vidy and vidyx.

Thus the article about What is Vidy Coin and its Prices, I hope the article above can be useful and helpful for all of you.