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ViciCoin

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Discover ViciCoin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is ViciCoin?

ViciCoin (VCNT) is an ERC-20 utility token operating on the Polygon platform. It was launched in 2023 and is used to access protected content, services, web applications, and live events, such as Zoom video conferencing. The token facilitates various applications, including ViciSwap, a token swapping tool, and VCNT For Zoom, which enables monetization of video conferences through tokenized tickets and cryptocurrency payments.

How is ViciCoin used?

ViciCoin (VCNT) is an ERC-20 utility token that runs on the Polygon blockchain. It is designed to manage access to digital content and facilitate various enterprise applications through authorization, authentication, and intermediary services. Here are some key ways VCNT is used:

  1. Access to Protected Content: VCNT is used to unlock access to protected web content, Zoom sessions, and live events. It serves as a payment method to raise the quality of service or unlock higher-value, premium services.

  2. NFT Management: ViciCoin is used to augment NFTs, enabling owners to build communities and marketplaces. The creation, storage, DNS, and hosting costs, as well as community maintenance, communications, and transaction costs, are paid with VCNT.

  3. Token Swapping: VCNT facilitates ViciSwap, a many-to-many token swapping tool built on the Uniswap Protocol. This allows users to create and manage their own token portfolios dynamically.

  1. Zoom Conferences: VCNT For Zoom enables small communities to monetize their video conferences by selling tokenized tickets and accepting cryptocurrencies as payment.

  2. Exclusive Experiences: VCNT is used to unlock VIP access to events, upgrade memberships, and gain priority service at restaurants. It also enables access to exclusive rewards, private listening parties, and encounters with celebrities within ViciNFT communities.

  3. Community Building: ViciCoin tools infrastructure can be leveraged to build ecosystems for communities, backed by VCNT. This enhances brand loyalty and generates value for creators, brands, enterprises, and their audiences.

Overall, ViciCoin is a versatile token that supports a wide range of applications and services, from digital content access to community building and token management.

How do I store ViciCoin?

To store ViciCoin (VCNT) tokens, you have several options based on your needs and preferences. Here are the methods:

  1. MetaMask Wallet: You can store ViciCoin (VCNT) in your MetaMask wallet. To view your balance, visit the ViciCoin portfolio page and follow the prompts to add and switch to the Polygon network.

  2. Coinbase Wallet: You can also store ViciCoin (VCNT) in your Coinbase wallet. To view your balance, access your Coinbase wallet from your Chrome browser extension or mobile app, click the “Crypto” tab in “Assets,” and view your existing ViciCoin (VCNT) balance.

  3. Polygon Network: You can check your ViciCoin (VCNT) balance directly on the blockchain by entering your public wallet address on the ViciCoin (VCNT) Token Tracker on the Polygon network.

  1. Centralized Exchanges: You can store ViciCoin (VCNT) on a centralized exchange like KuCoin, which provides convenient access to investment products and features.

  2. Decentralized Exchanges: You can also store ViciCoin (VCNT) on decentralized exchanges like Uniswap, which support trustless crypto swapping based on self-executing smart contracts.

  3. Cold Wallets: For maximum security, consider storing your ViciCoin (VCNT) in a cold wallet, which is an offline wallet that provides the highest level of protection against hacking and unauthorized access.

How to buy ViciCoin?

To buy ViciCoin (VCNT) tokens, you can follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy centralized exchange (CEX) that supports ViciCoin (VCNT) purchases. Consider factors such as ease of use, fee structure, and supported payment methods. Examples of exchanges include Gate.io, KuCoin, and Binance.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require varying information based on your nationality and region. This step is crucial for accessing more features and services on the platform.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods. The required information may vary depending on your bank's security requirements.

  2. Buy ViciCoin (VCNT): You can now buy ViciCoin (VCNT) using fiat currency if supported, or by first purchasing a popular cryptocurrency like USDT and then exchanging it for ViciCoin (VCNT).

Alternatively, you can also buy ViciCoin (VCNT) directly through a crypto wallet if it supports fiat-to-crypto purchases. Ensure you check the fees and follow the wallet's instructions for creating an account, setting up a wallet address, and making the purchase.

For more detailed guides and market information, you can refer to resources like CoinScan, which provides a list of exchanges and markets where you can buy ViciCoin.

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History of ViciCoin

ViciCoin (VCNT) is a cryptocurrency launched in 2023 and operates on the Polygon platform. It is an ERC-20 utility token designed to enhance the quality of service and unlock premium features in various applications. The token is used to pay for transaction fees, NFT creation, storage, DNS, and hosting costs, as well as community maintenance and communication expenses. Additionally, a 1% fee on all transactions involving VCNT is collected to advance the development of the technology platform and maintain community infrastructure.

The token has seen significant price fluctuations since its inception. The all-time high price was recorded on April 25, 2024, at BTC0.0003906, while the all-time low was on August 25, 2023, at BTC0.0001564. The current price is lower than the all-time high but significantly higher than the all-time low.

ViciCoin can be traded on both decentralized and centralized exchanges, with popular trading pairs including VCNT/USDC.E on Uniswap V3 (Polygon). The token's market capitalization is substantial, ranking it among the top cryptocurrencies by market cap.

The token's performance has been notable, with a recent increase in trading volume and a price rise over the past week. This growth is outperforming the broader cryptocurrency market and similar Polygon ecosystem cryptocurrencies.

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How ViciCoin works

ViciCoin (VCNT) is a utility token that operates on the Polygon blockchain. It is designed to provide access to protected content, services, web applications, and live events. The token is used to unlock exclusive experiences, such as VIP access to events, private meetings, and behind-the-scenes content. It also enhances brand loyalty and generates value for creators, brands, enterprises, and their audiences.

Key Features
  • Access to Exclusive Content: VCNT is used to unlock premium content, including live Zoom sessions, protected web content, and exclusive events.
  • Enhanced Brand Loyalty: The token helps strengthen brand loyalty by offering unique experiences and rewards to community members.
  • Community Building: VCNT enables the creation of hierarchical offerings that require NFTs to unlock access to various services and content.
  • Payment Method: VCNT serves as an additional payment method to raise the quality of service or unlock higher-value, premium services.
  • Transaction Fees: A 1% fee is collected on all transactions involving VCNT to advance the development of the technology platform and maintain community infrastructure.
Trading and Storage
  • Exchanges: VCNT can be traded on both decentralized and centralized exchanges, with popular options including Uniswap V3 (Polygon) and P2B.
  • Wallets: Users can store VCNT in crypto wallets that support the token, such as MetaMask, and manage their holdings and transactions.
Ecosystem
  • ViciNFT: ViciNFT is a nonprofit organization that provides turn-key NFT and token solutions for enterprises, creators, and communities. It supports charitable causes and promotes positive changes within communities.
  • Developer Tools: ViciCoin offers tools and infrastructure for developers to build ecosystems for their communities, backed by VCNT.
Security and Verification
  • KYC Verification: Centralized exchanges often require users to complete Know-Your-Customer (KYC) verification to access more features and services.
  • 2FA and Security Settings: Users are advised to enable two-factor authentication and other security settings to add an extra layer of security to their accounts.
Market Performance
  • Price and Trading Volume: The price and trading volume of VCNT can fluctuate based on market activity and demand.
  • Market Capitalization: The market capitalization of VCNT is calculated by multiplying the token price with the circulating supply of tokens.

Overall, ViciCoin (VCNT) is designed to provide a flexible platform for various verticals and business models, enhancing the quality of service and brand loyalty through its utility token and NFT-based ecosystem.

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ViciCoin's strengths

ViciCoin (VCNT) has several strengths that contribute to its potential in the cryptocurrency market:

  1. Utility Token: VCNT is a utility token designed to access protected content, services, web applications, and live events, such as Zoom video conferencing. This utility aspect enhances its value and usability within various ecosystems.

  2. Decentralized and Secure: As a cryptocurrency, VCNT operates on a decentralized peer-to-peer network and is secured through advanced cryptographic techniques, making it highly secure and virtually impossible to counterfeit.

  3. Community Focus: ViciCoin is designed to enrich community experiences by providing exclusive access to special events, private meetings, and live content. It also enhances brand loyalty and generates value for creators, brands, enterprises, and their audiences.

  1. NFT Integration: VCNT is part of the ViciNFT ecosystem, which utilizes NFTs to foster and develop thriving communities. This integration expands the token's use cases and potential for growth.

  2. Technical Analysis: VCNT's price predictions are based on advanced financial models and algorithms that consider various factors such as circulating supply, trading volume, and demand and supply in the market. This approach helps to provide accurate and reliable price predictions.

  3. Regulatory Compliance: ViciCoin is audited and compliant with regulatory requirements, ensuring a level of transparency and trustworthiness.

  1. Diverse Applications: VCNT is used in various applications, including ViciSwap, a token swapping tool, and VCNT For Zoom, which enables monetization of video conferences. This diversity of use cases increases the token's utility and potential for adoption.

These strengths collectively contribute to ViciCoin's potential for growth and adoption in the cryptocurrency market.

ViciCoin's risks

ViciCoin (VCNT), as a cryptocurrency, is exposed to various financial risks that can impact its value and potential returns. These risks include:

  1. Market Volatility: ViciCoin's price can fluctuate significantly due to market sentiment, supply and demand, and broader economic factors. This volatility can result in substantial losses for investors.

  2. Credit Risk: As a utility token, ViciCoin is susceptible to credit risk, which is the danger associated with borrowing money. This risk can manifest if the token is used for borrowing or lending purposes.

  3. Liquidity Risk: ViciCoin's liquidity can be a concern, especially if there is a lack of buyers or sellers in the market. This can lead to difficulties in converting the token into cash or other assets quickly and at a fair price.

  1. Operational Risk: Poor management or flawed financial reasoning within the ViciCoin project can lead to operational risks, which can negatively impact the token's value.

  2. Regulatory Risks: Changes in regulatory policies or laws governing cryptocurrencies can significantly affect ViciCoin's value and usability. Adverse regulatory developments can lead to a decline in the token's price.

  3. Supply and Demand Imbalance: If the supply of ViciCoin exceeds demand, the price may drop. Conversely, if demand outstrips supply, the price may rise. This imbalance can be influenced by various factors, including market sentiment and adoption rates.

  1. Technical Risks: Technical issues, such as security breaches or network congestion, can compromise the integrity of the ViciCoin network and negatively impact its value.

  2. Competition: ViciCoin operates in a competitive market with numerous other cryptocurrencies. If other tokens offer more attractive features or benefits, they may draw investors away from ViciCoin, leading to a decline in its value.

  3. Macro-Economic Risks: Broader economic downturns or global financial crises can negatively impact the entire cryptocurrency market, including ViciCoin.

Investors should carefully consider these financial risks before investing in ViciCoin or any other cryptocurrency. It is essential to conduct thorough research, set clear investment goals, and diversify portfolios to mitigate potential losses.

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ViciCoin's ecosystem

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ViciCoin’s team

  • Jon Fisher: Co-founder, Chairman, and CEO, leading the project with expertise in developing innovative authentication technologies through NFTs and incorporating them into platforms like Zoom.
  • Vit Kantor: Co-founder & CTO, specializing in secure distributed applications.
  • Richard Smith: Co-founder & VP of Product, renowned for model product and service development.
  • Josh Davis: VP of Engineering, with over 25 years of software development experience.
  • Kerry Rice: VP of Business Development, bringing nearly two decades of Wall Street and startup CFO experience.
  • Jordan French: Co-founder & Executive Editor, adding an award-winning journalist’s perspective to the mix.
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