VIDT Joins Binance Ecosystem to Connect Blockchain Validation Service with Binance Chain

Pim | V-ID
Jul 10 · 3 min read

We have wonderful news to share with our community today!

V-ID has announced plans to issue a BEP-2 token on Binance Chain and submit a proposal to list the VIDT (BEP-2) token on the Binance Decentralized Exchange (DEX) within 2 weeks.

While our society is rapidly digitising, new forms of digital fraud are on the rise. As V-ID’s mission states, we want to eliminate fraud, so people can focus on innovation. Both the continued exploration of blockchain technologies, such as Binance Chain, and the expansion of partnerships with more brilliant blockchain projects will play a crucial role to achieve this goal.

V-ID’s immediate practical advantages to enterprises looking for enhanced document management lifecycles should lend credence to the notion that blockchains have extended use cases outside of preserving specific consensus rules in decentralized networks.

Joining Binance Chain is perfectly in line with our continued pursuit of tech advancements and exposure to larger communities — Marnix van den Berg, Co-founder, Lead Product Development, V-ID

As a solution to secure the authenticity of digital assets, we are continually looking for ways to improve our product. We strongly believe in our proposition to leverage the best blockchains available as opposed to creating our own.

The transaction costs, thrust and potential of Binance Chain could improve security, cost effectiveness and ease of use. With our integration into Binance Chain and a potential listing on Binance DEX, we also see great opportunities to expand our reach, exposing our platform to new communities and discovering new partnerships.

As a first practical technological goal, we will explore the possibility for Binance Chain to join V-ID and LTO Network in taking Blockchain File Validation to the next level. We aim to push innovation by being the first to safely certify and secure digital assets in the Binance Chain. To date, this has not been tapped into, so achieving this will open up new use cases in new contexts for BEP 2. We will work closely with LTO Network, pooling our resources and knowledge to achieve our goals.

The decision allows for us to enhance interoperability between the VIDT Validation Token and Binance Chain. V-ID has carefully considered the best options for collaboration with many digital asset exchanges and decided on Binance Chain as the right liquidity partner for the VIDT Token. With the creation of the VIDT BEP-2 token, VIDT will be tradeable on both the Ethereum network and Binance Chain, giving token holders an added dimension of liquidity and privacy.

About Binance Chain

Binance Chain is a blockchain software system developed by Binance and its community; and Binance DEX is the decentralized exchange features developed on top of Binance Chain. On Binance DEX, users maintain control of private keys and funds, ushering in a new era of peer-to-peer trading.

About V-ID

Society’s digitization comes with new forms of fraud, V-ID secures any digital file against unlawful manipulation, protecting businesses against digital fraud, and letting people focus on innovation. V-ID is a working platform that is already in use at 30 customers like Airbus Defence & Space, AmSpec, JWC Superyachts and Krohne.

DYOR in 2 minutes with V-ID’s /welcome page!

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