Vidy, which is the first blockchain-powered decentralized video ad platform, has recently launched VidyCoin. This is an initiative by the firm through which the users can earn right from their phone. As Vidy launches VidyCoin, its CEO and founder, Patrick Colangelo, has said: “At Vidy, we put the power of your data and earning potential back on your hand. So, users can earn money while watching the video and surfing the web, right at home.” As per the announcement, the users will be able to earn VidyCoin when they play a video ad. They can use this token to buy goods from the Vidy network, and this will also provide them access to several premium features as well. Vidy Launches VidyCoin into a Dual-Token Ecosystem Vidy launches VidyCoin into a dual-token ecosystem and named them VIDY and VIDYX. The reason behind launching it in the dual-token ecosystem is because together it will overcrowd the Ethereum network. Now, VIDY will be the Ethereum-based one and VIDYX will run on the TRON network. Through this, there will not be the problem of excessive gas costs or extended transaction time. Back in November 2020, Vogue Signature used VidyCoin to reward the users and became the first major publisher to do so. Plans to Roll Out Reward City VIDY could be seen as a platform token that also acts as a staking mechanism for VIDYX withdrawals along with bonuses and campaign priority access. However, VIDYX is a utility token that helps the users to earn money from the platform. There are also claims that Vidy is planning to roll out Reward City which is a loyalty points platform. This platform is meant to provide better services to the advertisers, publishers, and consumers across the network. The firm is hoping for a great success of its new project as it has already started getting a brilliant response from the industry.
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