Hello everyone, on this good occasion I will introduce about the V-ID project and to find out the benefits and advantages of the V-ID project, here is an explanation:
The V-ID validation service uses blockchain technology to end all document fraud. Our client base, with customers like Airbus Space & Defence, operates in various fields, including education, medical, research and tech.
V-ID’s validation process involves extracting the fingerprints of files and saving them in the blockchain. If a file is changed with just one byte, pixel, character or anything else, the fingerprint is changed and V-ID will detect it 100%.
In practice, this allows ESHRE, the European research institute, to issue diplomas to their students in PDF format. The PDFs are validated by V-ID, so students can freely email them to prospective employers. The recipients can be 100% sure that the diplomas are authentic, because they can check the file’s integrity with any internet browser in 5 seconds. This combination of security and ease of use would not be possible without blockchain technology, and is in stark contrast to traditional PDF protection methods, which involve a very cumbersome process with certificates, installation of the right software and, unfortunately, a very easy to circumvent protection layer.
At the core of the validation process is VIDT, V-ID’s utility token. For each validation, a transaction with VIDT is done to record all necessary details of the file and its publisher in the blockchain. Customers who validate files, buy VIDT to do so.
V-ID can be used for any digital file, not just PDF’s, so this includes things like security footage, photo’s, tracking data, audit trails, research results, or even complete databases. As V-ID and its growing client base discover more use cases weekly, the demand for VIDT rises.
Why invest in V-ID?
✔️ Operational platform
✔️ Growing client base
✔️ True utility token
✔️ Buyback and burn policy
✔️ Rewarding Hodler-program
✔️ Upcoming blockchain partnerships
✔️ Guaranteed exchange listing
The market for file protection is tremendous and cybersecurity is becoming a growing priority. V-ID offers the most practical, inexpensive and fail-safe solution.
Over the next 3 years V-ID will transform into a market leader in file fraud protection, just like SSL has become for secure internet connections. We are convinced that we can achieve this, knowing we have a strong team with the necessary professionals, and work together with recognized parties and individuals. Also, V-ID’s progress with the current adoption and conversion gives us a good picture of the product market fit. To take the momentum and stay ahead of other initiatives, we are organising a Token Sale.
The VIDT (V-ID ) TOKEN DETALS
The public Token Sale Event planned to commence of Sep 15th, 2018, is characterized by the following:
- Pre Sale start date: 15 Sep 2018
- Public start date: 15 Oct 2018
- Token Sale end date 15 Dec 2018
- Max VIDT tokens 100,000,000
- VIDT token price $ 0.20
- Soft cap: $ 1,000,000
- Hard cap: $ 8,000,000
The V-ID utility token is an ERC20 token that is used to identify wallet addresses (for issuers / validating parties) and is used as payment per validation.
V-ID Token Distribution
100 million (100,000,000) V-ID Tokens will be distributed according to the schedule below.
Founders lockup
In addition to our stimulus actions that are build-in in V-ID’s Tokenomics, we commit to a founders lockup. This is an extra measure to help maintain a calm and steady development of the exchange rate. The lockup means that V-ID mandates a 5 year lockup on V-ID Tokens for its founders, with 20% released per year.
Financial plan
We assume a three year turnover growth and will reach the break-even point within 5 years. The number of documents validated with V-ID is estimated at five hundred thousand in Year 3 and at least 1.5 million in Year 5. The exponential growth will mainly be driven by automated validation and verification, by means of integration with existing systems. In the course of the first years, the revenue ratios will shift from "licenses and implementations" to turnover "per document". The ratios of the expenses will shift from "marketing and development" to "sales and support".
Our strategy for the first years is mainly aimed at increasing brand awareness and establishing the V-ID brand. The funds that the Token Sale will generate, will be allocated as seen in the diagram below:
For More Information About the V-ID project and the sale of the Token, please visit the link that I have prepared below:
WEBSITE: https://token.v-id.org/?2
WHITEPAPER: https://token.v-id.org/page/v-id-business-white-paper.php
ANN THREAD: https://bitcointalk.org/index.php?topic=4918204.msg44277489#msg44277489
FACEBOOK:https://www.facebook.com/V-ID-277311629500577/
TWITTER:https://twitter.com/v_id_blockchain
TELEGRAM:https://t.me/vidtoken
Bitcointalk username:Sadum