VideoCoin (VID) is excited to announce it has been voted as one of the top three tokens in the Bitfinex/Ethfinex vote. View the final results here.
We want to take a moment and thank ALL of the contributors and those who have voted for us in this effort. There are many great things and future announcements on the way.
What does this mean?
When VideoCoin is ready to distribute tokens and list, it will be listed on Bitfinex and Ethfinex simultaneously. This is another feather in the cap of an innovative project that will revolutionize video streaming and storage — a huge step forward for technology.
How are Bitfinex and Ethfinex connected?
Ethfinex is a hybrid decentralized exchange that capitalizes on Bitfinex’s trading engine and customer experience expertise to deliver the most advanced trading platform available for Ethereum-based tokens and crowdsales, also known as ERC20 tokens. The exchange caters to more intermediate and advanced traders and shares similar objectives with its sister site, Bitfinex, offering users more options to trade.
As Ethfinex is a community-driven platform, with a new governance model, the listing decisions are subject to customer consensus and user review to help determine the token’s value to the overall community, as opposed to tokens that pay the highest fee to get listed. Bitfinex is experimenting with this community approach to disrupt the “highest bidder” model that has been cryptocurrency industry practice, often resulting in biased listings.
VideoCoin is a decentralized video encoding, storage, and content distribution system that turns all cloud-based video services into an efficient algorithmic market running on a new blockchain with a native protocol token, the VideoCoin (VID).
- Lower Costs 50% to 80% by deploying unused compute resources.
- Remove the Middlemen with peer-to-peer video processing, distribution, and storage.
- Increase Security & Reduce Risk through decentralized, end-to-end encryption.
- Enable New Applications by employing open APIs & source-based development.