How to convert VID to BTC

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Beaxy allows you to trade VID with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. Reduce your risk by storing VID in our custodied wallets.

To access all of Beaxy’s features:

– Register at Beaxy.com/register

– Complete Verification

– Fund your account – Make a deposit or buy crypto with your credit or debit card

– Start Trading!

Start Trading!Beaxy offers the most advanced and user-friendly features to make your VID trading experience the best possible one. Retail traders can enjoy easy to use features like our Trender swipe trading app, as well as the convenience of debit and credit card purchases, as well as full FIAT bank integration. Industry-leading charting tools and interface design makes the Beaxy platform seamless for our users. Our trading API features both REST and FIX for algorithmic traders to be maximally efficient.

Converting VID to other currencies

You can convert VID to your national currency! Check the converter above to see what the conversion rate is. Simply select your national currency to see what the price of VID is. The best part is you can place an order for VID directly from the converter once you select your currency!

About VID:

VID is the native protocol token for the VideoCoin Network, a decentralized video platform that is reinventing the way that online videos are created, stored, and distributed. VideoCoin aims to transform cloud video into an algorithmically-driven market. The VID token is used by content commissioners on the network to pay creators for the videos they produce. VID can also be earned by video storage miners, distribution miners, compute miners that provide CPU time, and relay miners that broadcast content to third party applications. Content creators can then stake their VID tokens on the VideoCoin network to increase their reputation on the network. The VideoCoin network tracks the overall reputation of each content creator to enable users to filter for low-cost, high-quality video production. The project combined blockchain with video creation and consumption to enhance encoding and storage of videos as well as retrieval and distribution. Encoding and storage functions are sent to the VideoCoin platform with encoder configuration metrics like codec, bitrate, and output container formatting. Miners compete with one another to win the right to provide computing power and storage space to the VideoCoin Network. Retrieval and distribution jobs are sent to the network along with CDN configuration parameters like bandwidth and physical location. Much like encoding and storage, miners on the network compete with each other for the right to retrieve videos from storage and distribute them to users who want to view the video.

There are currently 71,000,000 VID tokens in the outstanding circulating supply. This is roughly 25% of the maximum supply of VID tokens which is set at 265,000,000. Of the total supply of VID tokens, 31,000,000 or 12% were distributed in the token’s presale in an effort to raise money to fund the project’s future development. 25,970,000 tokens or 9.8% were paid to service providers who worked on contracts that were issued by VideoCoin. 7,950,000 VID or 3% of the total supply, were given to advisors who help guide the project’s direction and connect the project’s leaders with others. 6,095,000 tokens or 2.3% of the supply is allocated to be spent on marketing. This ensures that the broader crypto community is aware of the VID token and has the information to buy the token on its merits if they so choose. 3,975,000 or 1.5% of the supply is held for acquisitions. An additional 3,975,000 (1.5%) of the token supply is given to the project’s reserve to be used for future development and maintenance of the protocol.

If you’d like to buy the VID token, you can do so on Beaxy. Log in or create an account, complete verification, and make a deposit. Once your account is verified and funded, you can navigate to the VID-BTC trading pair and submit an order to buy VID with your BTC holdings. I you have VID tokens that you would like to exchange for BTC, on the same trading page, enter a sell order for the amount of VID tokens you would like to swap for BTC.