What are Vidycoins? Difference between Vidy and VidyX Tokens

Infokekinian.com – Here is information about what is Vidycoin? The difference between vidy and vidyX tokens. Come on, see this article to the end to find out more complete and clear information.

The owner of the Vidy coin, who frequently promotes this crypto asset, has been in the limelight of the crypto community for some time. However, what exactly is the Vidy project, Vidy token and VidyX?

About VidyCoin

Vidy is a startup that aims to disrupt traditional advertising by developing new media technologies.

Patrick Colangelo founded the project, which is supported by a world-class engineering team based in San Francisco. Apart from Indonesia, this project has offices in five other countries.

Vidy is known for his work with CNN Indonesia, CNBC, Procter & Gamble, Coca-Cola, Deliveroo, Esquire Magazine and other companies.

Vidy uses Natural Language Processing (NLP) technology to allow advertisers to embed video ads directly into website content without having to display them.

This will ensure that the reader is not distracted while browsing the website, and the material will be more interactive.

Since Vidy's customers come from all over the world, the company created its own cryptocurrency, VidyCoin, to solve the transaction problem.

Vidy Coin

VidyCoin is Vidy's ERC20 utility token and the currency of the Vidy Ecosystem. Advertisers purchase ad placements using VidyCoin and VidyCoin will be accepted by publishers and miners running the Vidy NLP protocol for placing those ads.

The number of Vidy Coin is 10 million which has been allocated to various parties, including advertisers, partners, teams, private sales, foundations, airdrops and so on.

Then ad viewers who see ads based on Vidy technology can get compensation in the form of Vidy Coin.

This video can be obtained without the need to download any application, or even any browser plug-in or add-on.

You simply open the website as usual, interact with content and watch videos, and are rewarded with Vidy tokens.

All one has to do to claim the prize is register and a wallet will be created automatically and for free.

The wallet will appear automatically as soon as you find text embedded videos with Vidy technology, from there you can simply register and watch ads as usual to get Vidy rewards.

One of the media that has implemented this is Vogue Singapore. Just 5 days after the new feature was launched, 30 micro videos embedded in VOGUE have been watched for up to 400 million seconds by users. This feature has also managed to collect 78,000 new sign-ups on the VIDY wallet.

Seeing the enthusiasm, Vidy realized that this had the potential to disrupt the increasingly crowded Ethereum network.

Therefore Vidy also implements a dual token system by launching VIDYX which uses TRON, so that users do not have to face a gradual increase in gas fees 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 some differences. VIDYX is the token used within the ecosystem VidyCoin is Vidy's ERC20 utility token and the currency of the Vidy Ecosystem.

Whereas VIDY is a mechanism that can be used to attract, reward, cut prices, and market activities in the Vidy ecosystem.

For example, the Vidy platform will not deduct “miner fees” when a user wants to withdraw VIDYX from the Vidy wallet used while watching a video but the user account must contain at least 1000 VIDY.

Then VIDY's role is as “fuel” for all VIDYX transactions and withdrawals. Permanently the exchange ratio between VIDY and VIDYX is 5:1.

The number of Vidy Coin is 10 million which has been allocated to various parties, including advertisers, partners, teams, private sales, foundations, airdrops and so on.

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.

Meanwhile, for VidyX, the highest price is already at $3.40, equivalent to IDR 49,404. Even though Vidyx is more expensive, you still have to have at least 1,000 Vidy to be able to withdraw VidyX from a Vidy wallet.

Conclusion

That's a little information about Vidy Coin being able to create decentralized ads and the difference with VidyX.

Vidy can also appreciate the time of internet users who are often disturbed by advertisements but are not compensated for this.

You can get Vidy and Vidyx on several exchanges, one of which is Indodax. You can find more about Vidy on the official Vidy website.

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