What is VIDT DAO (VIDT)? How To Buy VIDT Token In India?

What is VIDT DAO (VIDT)?

In the evolving world of computer technology, data plays a major role, as all computing programs are based on it. After the inception of Blockchian technology, it allowed users to both control and share their data. With growing concerns about big tech companies compromising data, VIDT emerged as a savior, aiming to bring data storage onto the blockchain. 

VIDT DAO is an open-source, decentralized platform that enables verifiable trust for the entire Web3 ecosystem. The platform makes the data and documents verifiable using blockchain and timestamp technology. Any Web3 developer can use the platform to create timestamps, and NFTs and also register digital assets like certificates, sensor data, firmware, etc. 

Who Are the Founders of the VIDT DAO?

VIDT DAO was founded in 2019 under the brand name VIDT Datalink by game artists Marnix van den Berg, Pim Voets, and Caciel van Helden. Further, in 2021, the platform became a decentralized autonomous organization (DAO). 

How Does VIDT DAO Work?

The VIDT DAO is deployed on two blockchains, BNB Smart Chain (BNB) and Ethereum (ETH) as BEP-20 & ERC-20 respectively. The smooth functioning of the chain includes the below-mentioned actors:

• VIDT DAO Contributors

VIDT, being a decentralized third-generation blockchain, has mainly its community and stakeholders as contributors. 

• VIDT DAO Incubator Treasury

It is an empowering tool to decide the strategic and commercial path for VIDT DAO.

• VIDT DAO Audit Committee

It performs sanity checks on submitted DAO proposals to comply with laws and regulations.

• VIDT DAO Awareness Team

The team is formed by volunteers who share news about VIDT and other interesting facts that might attract the community

• VIDT DAO Open Source

As the chain is running on 2 different chains, it is highly compatible with all major programming languages and hence is easy to link to any software platform. 

What Makes VIDT DAO Unique-Use Cases?

• The main aim of the platform is to secure data on the blockchain, capture records, transfer ownership and also prevent fraud
• Unlike the other chains custody which are browsable and immutable, VIDT DAO offers users encrypted files facilitating integration with programming languages like Python, JS, and JAVA
• The platform enables the developers to protect intellectual property by time-stamping and offering the sale of digital assets being cost-effective
• VIDT API is linked to a cloud service which is further connected to the files, data, and digital art, by which users can use the platform at a low cost
• The platform also maintains security by identifying the issuer and storing the encrypted hash of the file. As the encrypted fingerprints of files are stored on the chain, data confidentiality is not compromised.

VIDT DAO (VIDT ) Price Analysis

Source: TradingView

• Ever since the VIDT price underwent a V-shaped recovery in November 2022, the price has been trading along the ascending trend line.
• As the volume dropped, the volatility also collapsed to a large extent, due to which the price traded within a narrow region.
• Presently, the price is testing one of the major support levels, and a rebound from these levels may trigger a notable upswing.
• Woefully, the ADX, or average directional index, that determines the strength of the rally is bearish, but the MACD is closer to flashing a buy signal.
• Hence, a rebound could be imminent, but the price may maintain an ascending consolidation until the required liquidity floods in.

How to Buy VIDT DAO in India?

To buy VIDT DAO in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration
• Complete KYC
• After your profile is verified, fund your wallet and buy a VIDT