/biz/ - Business & Finance

>buybacks the only thing giving this value, it's a security that'll drop hard in a few months
Debunked, but the token buybacks are in essence dividends. The only truth to the token not being needed is that the system doesn't NEED others to hold VID-T to function. They're essentially shares. I don't see anyone complaining about shares in a company being valueless.
>it only has 25-55 cents true value, due to the cost of packages, see website
The amount of tokens used for verification is flexible dependant upon the value of the token at the time of purchase, otherwise it'd have a scalability issue. If the customer purchases $100 of verification at $.10 per VID-T, that's 1000. If they purchase $100 at $10 per VID-T, that's 10. It's not a locked value.
>Amspec and Airbus aren't enough companies to give it value
It doesn't just have those two. It has Baanvelgen, Khrohne, JWC Superyachts, Vitrum, IBK, etc, and more every month. The validation wallet is filling at a faster rate every day - this is easily verifiable on etherscan - showing proof of companies using it more and more for verification purposes.
>you shilling cause your bags are heavy
Didn't buy as early as some, but I got in around .00056 ether. I'm fine. Thanks for the concern.
Aight. FUD away

>>14601780

Based OP.

The max price of the token is such dumb fud.

i tried making a public address and playing the game at honkhonkler.com
actually ended up winning some btc buy no vidt, how do I play the vidt game?

VIDT aren't shares.
Buyback mechanism = demand of customers applied to the market, that's the entire point of it. If it was what you're saying then VIDT would be a security. (It isn't).

>>14602009
I agree about the buyback mechanism, but they do function similarly to shares. That isn't their only function. It's up to the SEC to determine if it's a security, but it's in a similar realm as LINK, which also receives a lot of security FUD.

When I say dividends, I mean to imply that the token's price is inherently correlated with the amount of revenue the company is generating. Because the amount of customers and revenue VIDT is garnering continues to increase, the price will increase as well out of necessity.

strong buy

>>14601780

Question for you: When do they stop the burn process? Are they planning on burning the 20% of used vid-t forever or did I misunderstand?

>>14602177
They will do so forever. Theoretically you can keep it up forever

>>14601780
i think the worst thing youre missing is that they have not yet secured their q3 exchange as mentioned on the roadmap

they violated terms of getting listed on binance and bittrex the moment they sent funds to those wallets 1 year ago- they shot themselves in the foot and didn't even know it. they literally cannot even get on one of these exchanges anymore. legally, they literally fuckign wrote into the ethereum blockchain that they TRIED BRIBING THESE EXCHANGES. Note how these exchanges DIDN't FUCKING TOUCH THE VIDT FUNDS. this is not going to end well for many anons here.

>>14601780
Lol didn't read

>>14601780
>price of VIDT goes up
>amount of VIDT burned per 1 USD of revenue decreases
>price stabilises to a certain amount in line with the company's revenue

VIDT is like boomer stocks, it will stabilise at a certain price point that is entirely dependent on the companies revenue. This mean while VIDT will definitely go up in the short term, it cannot truly moon since it doesnt generate value from network effects.

Shitcoins moon despite generating no return precisely because they aren't tied to the profits of a company but tied to the speculative value of a network. So while in the short term VIDT will go up, it cannot go 100x, and you may as well buy stocks.

>>14602249
Ask the lead devs and post replies/screens.

>>14602249
dont prospect listings always send a small amount to the exchange before listing?

>>14601780
Decent coin but when does it moon

>>14602249
So, the only reasonable explanation here is that they wrote about a definitive T1 exchange listing in Q3 and haven't secured it. Not that they sent those funds after securing the listing and have not announced it yet. Got you.

>>14602284
This is the weakest FUD I've ever heard. So because it actually has an actual revenue stream and a working business model it can't moon as hard? Talk about moving the fucking goalposts. All people have been saying for the last years is wait for muh adoption prices are just speculation it could go to zero any time. Now VID-T comes along with actual adoption and you just flip your argument. You will literally say the opposite of anything if it suits your narrative.

>>14603708
Agree wholeheartedely with this GEM of an arguement.
>Verified
>(With eye)

>>14603708
Only braindead morons say that, the real answer is that true gains can only happen before actual adoption. We're riding the wave of speculation, actual adoption will reign in our gains and lead to more practical increases like 10-20% a year tops. What you want is the PROMISE of adoption so normies FOMO and you sell the top. It's the same principal as buy the rumour sell the news.

Furthermore cryptos that generate value through network effects, ie. the token plays a rule in securing/validating transactions, can moon a lot harder because the asset because they work as currency and utility. But when a token simply entitles you to a share of profits, it's value growth is contingent on corporate revenue growth which NEWSFLASH is very slow. If Bitcoin reached the level of adoption as VISA it'd be worth a lot more than 350 billion mcap because each Bitcoin is both an asset and a share of the network. But if you had a token that simply entitled you to a fraction of the bitcoin networks fees, it would be worth a lot less. Does this make sense to you or do I need to dumb it down further?

CHUCK E CHEESE TOKEN

>>14603885
At least you tRryd.
>>14603861
So vaporware is the only way to make money in crypto. That's what you're saying, right? Go ahead and speculate on the other companies that will integrate then. Go on. Nice reddit spacing btw

>>14603861
What do you think we are doing by buying and trading these tokens on an open market? The business already has adoption from it's clients and we, the investors are speculating on the tokens value. It's not adoption vs speculation, it's both working together.

>>14602249
so you are saying that binance does not accept bribes? so why didn't they send the tokens back to sender?

Need we say more? Load up! Comfy.

>>14602249
if this was remotely true than anyone can send a fat stack of any competitors token to binance to ensure it never gets listed.

>>14602954
>before listing
the funds were sent to both bitfinex and binance 198 days ago, just go check yourself. RIP Binance/Bitfinex listing.

>>14604324
you're dealing with a man of subnormal intellect. it's a waste of finger movements.

>>14604452
this is a rule you just made up. binance will list a coin based on its merits. not some stupid rule of thumb you bungling spastic

>>14604429
>if this was remotely true than anyone can send a fat stack of any competitors token to binance to ensure it never gets listed.
yeah cause you can't see who sent the funds, right?

>>14604452
>>14602249
This is really low effort fud, dear/sirs

>>14601788

can someone make graph of validation wallet?

>>14604510
>what is a sybil attack?

are you stupid

>>14604744

>>14602249
Hehe. This is wrong.

>>14602249
>they violated terms of getting listed on binance and bittrex the moment they sent funds to those wallets 1 year ago- they shot themselves in the foot and didn't even know it. they literally cannot even get on one of these exchanges anymore. legally, they literally fuckign wrote into the ethereum blockchain that they TRIED BRIBING THESE EXCHANGES.
Bingo. Companies cannot reach out to exchanges, but exchanges have to reach out to them in order for the listing to be legal.

>>14604386
>so you are saying that binance does not accept bribes? so why didn't they send the tokens back to sender?
Because if they did, it would imply they are aware of the funds being sent. Ignoring is always a better option than returning, replying, or blocking. "Didn't notice lol" holds up better.

>>14601780
>>14601788
the token has no value outside of the VID interface, buybacks are the only thing giving token value - they already have the money from the customers in fiat, what's the purpose of buying the token after?

>>14605280
:) How are you so sure it was a bribe.

>>14604924
;)

>>14605440
its useless dont buy it

Anybody have an idea of when this coin will go up in value? Hands are getting weak as fuck.

>>14605498
sell it so it can moon

>>14605498
sell. I buy

fuckin moron it will only go up after you have sold.

>>14605511
Lol man. I know 2 things.
Sell=moon. HODL=.39 forever.

>>14605498
Lol once you sell it will go up another 2-3x quickly
You know it will happen. Panic sell

>>14605529
Jesus it’s just a question. Calm the fuck down.

>>14605452
>How are you so sure it was a bribe.
Bribe... Influencing... Sending them the coin so they look up what the fuck it is and then contact the team...

>>14605498
>Anybody have an idea of when this coin will go up in value?
Yes, once it drops below 0.0009ETH.

>>14605498
When did you buy? And how long have you been in crypto?

It went up a ton in the last month or so. It might not move significantly for a couple more weeks, or it could start climbing today. I swing a very small position on the 6hr stoch RSI and it's looking really bullish. Thinking we'll be around 0.0017 ETH tomorrow and gradually climbing. But if you use the daily, we're probably going to trade between .00115 and .00150 for a little longer. Either way, we're near the short term bottom, barring a massive sell off. Selling now would be a really bad move imo

>>14605574

It will explode in value once the Tier 1 exchange is announced.
Meanwhile there is positive pressure from the buyback which is monthly.
It will not be lower than current price by the end of the month. Screencap this

>>14605651
Lol you gave a definition. But you did not explain how you know why those coins were sent exactly....so please....share your insight.

>>14605574
you sounded like a fag with you weak cum hands.

it’s patience or you trade or you sell

>>14605651
nobody is buying your bullshit anon. just stop now its embarassing

>>14605651
KYS swingvidter!

You have ZERO, let me repeat this ZERO idea whether the team already contacted Binance and Bitfinex 5 months ago and sent them those tokens because they were ASKED TO!

Now neck yourself you fucking faggot. You think a team that has Airbus as a client would commit exchange suicide and send those tokens first knowing damn well it would mean they will never get listed???

LMAO.

Die in a fire you swingVidter faggot. As I have said in other posts. We will never see 125K Gwei ever again. I know insiders and they are finished accumulating. Time's up swingVidter!

Enjoy buying back much higher than where you sold.

>>14605498
in 2025, after 11m tokens are dumped

>>14605710
I’m certain I get more pussy than you

>>14605761

>>14605702
>Lol you gave a definition.
I'm a different anon... I didn't say bribe, I said that they cannot reach out to exchanges.

>>14605724
No one is buying your overvalued Chuck E Cheese pedo token at these prices.

>You think a team that has Airbus as a client would commit exchange suicide
All you need is one chucklefuck on your team to make the mistake of sending the token. Two, token has no value outside of their back-end API, so the only people that benefit from the top exchange are token holders. Doesn't matter to V-ID. It's meant to be a utility token and not a security token (which it is by SEC law).

>>14605883
Faggot.

>>14605668
Got into crypto recently by buying bitcoin at the 3500 through luck. Took the gains and put them into vidt a little over 3 weeks ago. It took my dumbass like three hrs to figure out how to move my money to idex. I’m a newfag and really underestimated how hard it is to just HODL and not check the price every 5 minutes.

>>14605913
You legitimately can't read a chart that you posted? That's incredible

>>14605964
5.5m + 3.5m + 2m = 11m

>>14606187
>20% of team and advisor tokens released annually starting in 2020
>1% of private tokens released daily starting late December
>not "sold" but unlocked for the possibility of sale
>being such a fucking daft brainlet that you simplify that into "won't increase in value until 2025 because dumping 11m"
>not realizing that locked tokens are released to the team in every fucking crypto project
>not realizing that VIDT has fewer tokens locked up than tons of other projects, including biz favorites like LINK and LIT
Buy some glasses so you can see farther ahead than four feet anon.

>20% of team and advisor tokens released annually starting in 2020
>1% of private tokens released daily starting late December
>not "sold" but unlocked for the possibility of sale
>being such a fucking daft brainlet that you simplify that into "won't increase in value until 2025 because dumping 11m"
>not realizing that locked tokens are released to the team in every fucking tokenized crypto project
>not realizing that VIDT has fewer tokens locked up than tons of other projects, including biz favorites like LINK and LIT
Buy some glasses so you can see farther ahead than four feet anon.