Meet Crypto’s New Finest Pal: Fiat
At VideoCoin, our utility token VID performs an extremely helpful perform in securing and powering the community, making certain essentially the most certified community operators are serving buyer wants. The VID token doesn’t act as a cost mechanism. As an alternative, it’s a reputational staking mechanism for constructing the worldwide infrastructure that runs the employee nodes on the VideoCoin Community. Miners are constantly chosen by the VideoCoin Community providers algorithm as operators to course of video information based mostly on three elements: quoted worth, variety of staked tokens, and efficiency. This drives the least costly and highest high quality community operators to carry out—one of the best rise to the highest. Staking is the proper use for tokens in a utility mannequin. As an alternative of burdening the community with cost friction, our tokens energy the community to perform securely and in return, staff obtain staking rewards in fiat.