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What is VIDT, which has recently attracted attention with its rise in the cryptocurrency sector in a week? We have compiled where it is used for you. You can also reach the VIDT technical analysis at the end of our article.
What is VIDT DAO?
VIDT DAO is a Web3 ecosystem that uses timestamp technology to restore digital trust, ensuring the accuracy and integrity of data and documents. Operating as an open-source platform, VIDT DAO allows users to approve any document or data with a timestamp, so that the accuracy and integrity of these documents or data can always be verified.
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At the center of this ecosystem is the $VIDT Utility Token, which facilitates the timestamp process. Only 1 $VIDT is used for each timestamp transaction. This simple and effective mechanism makes it easier for users to secure their digital documents. VIDT DAO is currently used by over 25 real-world integrators and has a significant position in the blockchain space.
What is VIDT Coin?
VIDT Coin is the native token of VIDT DAO and is a key component of the platform’s data verification process. When any file is approved with a timestamp, a VIDT transaction is performed and all details of this transaction are recorded on the blockchain. In addition, VIDT Coin plays an important role in the platform’s governance processes. Token holders have the authority to make strategic decisions and vote on issues such as VIDT DAO’s business strategies, marketing plans, and technical developments.
VIDT Technical Analysis
VIDT, which has almost quadrupled its value in the last week, continues to hold strong despite the bad market conditions.
The cryptocurrency has made serious profits for its users with the Bitcoin-based developments in the last week. VIDT, which has also seen serious increases in its market value, seems to continue to make its users earn in a possible rise. The support level at the current price levels is $0.466, while the resistance zone is $0.49-0.5.
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