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VIDT DAO
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- Intro
VIDT DAO (VIDT) is a decentralized, open-source platform designed for data validation and timestamping metadata in the Web3 ecosystem. The platform focuses on providing verifiable trust by allowing users to authenticate digital documents and data securely across multiple blockchains.
The VIDT token is a utility token, and is used every time a file is timestamped, creating a record on-chain that certifies the integrity and authenticity of the data. This function is accessible to any Web3 developer, user, or wallet, making it versatile for various use cases in data verification and certification.
VIDT DAO leverages blockchain and open-source technologies to enhance data security. The platform's timestamping technology has been widely adopted across multiple industries, with over 25 active integrators already using the system. Each time a document or data is timestamped, a VIDT transaction is executed, ensuring that all necessary details are recorded immutably on the blockchain. This system allows for decentralized verification and serves as a trust mechanism within digital ecosystems, providing a high level of transparency and security.
VIDT has a total supply of 1 billion tokens. The remaining tokens are held in the VIDT DAO Incubator Treasury, which is designed to support new projects, marketing campaigns, and other ecosystem development activities. This treasury allocation ensures that the VIDT token continues to grow in utility and relevance within the blockchain and Web3 space.
VIDT can operate both as a base layer of a blockchain network (Layer 1) and a performance enhancer through secondary protocols (Layer 2) for various decentralized applications (dApps).