/biz/ - Business & Finance

>>17369239
"every token I don't own is a scam"
this is the biz mentality. we tend to eat our own.

>>17369239
Lmao, the software is a front. They literally just white labelled existing software and played up a fake blockchain angle.

>>17369239
they are so profitable that they had to ask "the whale" to sell his tokens so they could borrow money. so profitable that they had to unlock "untouchable validation pool" tokens so that they could sell into the recent pump. so profitable that they needed 3.4M dollars in an ICO. so profitable that they halted development on the B2C app because they couldn't afford to pay devs.
is the team lying to you anon?

>>17369239
Tokens do not represent equity in the company. They could be turning a multibillion dollar annual profit, and the doesnt necessarily translate to VIDT being worth more than it is now. That said, i have 20k. I think its going places, but i am just pointing out that there is a flaw in your shill logic.

>>17369483
>They could be turning a multibillion dollar annual profit, and the doesnt necessarily translate to VIDT being worth more than it is now
They use revenue to buy back tokens from exchanges and then burn a portion of those tokens, though
As their revenue increases, they purchase more tokens from exchanges and burn some, naturally increasing the price

>>17369503
sorry you had to learn this lesson anon, but all ICOs are scam companies. none of it is real.

>>17369503

And they do this to pump the bags of IDEX pajeets? Literally nobody ever answered why they do this. It's just manipulating their token up if they even do this.

>>17369503
The market decides the price of the token. Decreasing supply definitely helps, but ultimately its only worth what someone is willing to pay for it.

>>17369565
>>17369520
They do it, and they are a legitimate company. You can check the circulating supply on etherscan and the amount sent to the verification wallet. You can do the math yourself before a burn happens and see that amount disappear from circulating supply. This is a public ledger, this type of fud is retarded.

>>17369565
Why do some stocks pay dividends? Same reason V-ID does buyback and burns.

Illogical market revolving around hype and cons.

>>17369270
Yeah, and outright hostility too. I get that this is 4chan and lots of shitposting takes place, but you hit the nail on the head.

>>17369239
I've lost $5k on this shitcorn.

>>17369646
just because there are validations happening, doesn't mean companies are paying to validate documents. do you think they would need to borrow money from their whale friend if this was a profitable company? use your head. nothing about what they are saying makes any sense.

VIDT is a scam. Token not needed. They created VIDT for the sole purpose of raising money. Service idea came first and then VIDT got shoehorned into it. They needed a utility coin for an ICO, as otherwise it would have been a useless security token and have no chance of being listed on exchanges or being legal. They knew no one would want to invest in a "1 VIDT = 1 Validation" scheme because that would make it a stable coin and have no speculative value. Which also means that VIDT price doesn't matter to V-ID at this point, they already got their million dollars. Unless they want to dump. All buybacks are scams to raise the price, so you give them your lunch money and create liquidity to dump into when the time comes.

Time to abandon ship.

>>17369285
They are actually using chainpoint tech from Tierion

It is an incredibly sure bet though.

>>17370380
>Sure bet
I want my $5k back.