There are many cryptocurrency platforms to trade digital currencies in the market. VDollar is one of them. VDollar is a leading cryptocurrency contracts exchange that offers advanced trading solutions to customers. The platform is headquartered in the United States and registered in Colorado as VDollar Exchange LTD.
In this guide, we will share with you all the information you should have about this exchange. We will also go through the main characteristics and features of VDollar and how this is now among the leading crypto contracts exchanges in the crypto market.
What is VDollar Exchange?
VDollar is a leading cryptocurrency exchange that created a new trading mining mechanism. They basically turn fees into assets, meaning that the more you trade, the more money you have.
This leading cryptocurrency contracts exchange has several trading features that make it possible for users to enjoy a unique experience while trading virtual currencies. The new trading system includes a USDT Reserve Pool (URP) linked to a token called VDollar.
The VDollar is pegged to the URP at a 1:1 ratio. That means that each VDollar is backed by an underlying asset. Its market capitalization is 10 million and through each and every single phase it will be reduced by 50%.
This is just one of the main features of this platform, but there are many others. This is why the VDollar exchange would reward users to engage on the platform and trade a wide range of virtual currencies in the market.
VDollar Main Features
As we mentioned before, there are several VDollar features that are worth trading into consideration and that we will discuss in this section.
New Trading Mining
This is the main feature of this exchange. It offers a new trading mining model where 100% of the transaction fees are put into the USDT Reserve Pool. These trading fees are then used as the underlying asset to back the VDollar token at a 1 to 1 ratio.
There will only be 10 million VDollar and in every single phase, it will be halved to reduce its supply. This is the first exchange in the world that has released this new trading mining system. It is worth taking into consideration that the USDT Reserve Pool has an on-chain address that is published, transparent and also verifiable.
Perpetual Motion Machine
As we explained in the section before, there will be 10 million VDollar coins. This coin will be minted every single time that there is a 1 USDT fee paid. However, the 10 million VDollar coins will be halved every phase.
Super Representative Generation Mechanism
In this cryptocurrency exchange, there are Super Representatives that are selected by a democratic vote. There are only 32 seats available and they will never increase in the future. This shows the platform wants to make decision making more decentralized focusing on the community.
Regulated and Licensed
The platform VDollar Exchange LTD is registered in Colorado, United States, and has a registration of MSB. It also operates in three different business sectors, a digital currency exchange, an ultra circular digital currency wallet and a new mining mechanism to mine coins.
It is worth mentioning that the platform is also regulated and licensed under Singapore’s ACRA and USA’s MSB from the Financial Crimes Enforcement Network, linked to the United States Department of the Treasury.
As we know, there are several crypto exchanges in the market. Binance is one of these exchanges. Binance is also among the largest platforms in the market offering users a wide range of services, and VDollar knows that.
This is why they have decided to create a virtual currency that has more advantages than Binance Coin (BNB) and that could eventually grow in the future. The VDollar virtual currency will then be a direct competitor to Binance Coin and also other exchange currencies that have been released by other cryptocurrency exchanges in the market.
VDollar wants to also become an exchange that would offer more services than Binance is currently doing. This is a strategy that the company has in order to become one of the leading exchanges in terms of features and solutions.
The economic project powered by the VDollar (VD) virtual currency is the main characteristic of this exchange. Let’s not forget that BNB was able to become the third-largest cryptocurrency in the market thanks to Binance’s expansion in recent years.
The VDollar, however, is different from the Binance Coin. There is a total cap of 10 million compared to 200 million BNB. Moreover, 100% of the transaction fees go to support this platform token (VD). This does not happen with Binance Coin, where part of the fees are usually used to fund exchange operations and other things.
VDollar explains that they also have a diminishing output, which Binance Coin lacks. Finally, VDollar is transparent and verifiable by the community, something that Binance Coin (BNB) does not have.
This could be the beginning of a crypto project that has attracted the attention of investors due to the unique economic model based on its trading mining mechanism.
Advantages Over Competitors
No other cryptocurrency exchange has been working in order to create a platform with the large number of features that this platform has. Competitors have different economic models that do not focus on building a strong and unique cryptocurrency.
VDollar has created a new trading mining mechanism where 100% of the transaction fees are used to create the USDT Reserve Pool (URP). Other competitors of VDollar do not have a digital asset such as the VDollar to increase the use-cases of their platforms.
Furthermore, there are no other exchanges in the market with a democratic structure similar to the want that decided to create VDollar. We are making reference to The super representative generation mechanism that is elected by voting and the community.
There would only be 32 seats and they would never increase. This makes sure that the platform would continue expanding in the future. Users that have an economic stake in this project would then decide the future of this crypto exchange.
Furthermore, many other exchanges are not regulated compared to VDollar. VDollar is compliant with several regulators around the world. Additionally, it has been licensed under Singapore’s ACRA and United States’ MSB from Financial Crimes Enforcement Network.
There will be many other features that would make this exchange expand and reach new markets. The goal is to attract a large number of users to start trading with one of the most advanced trading platforms in the world.
VDollar is among one of the leading crypto exchanges in the world. Headquartered in the United States and with licenses in different countries, the platform is ready to attract investors and customers from all over the world.
The VDollar token economic model is also among the newest and most advanced systems to be ever created by a cryptocurrency company. It could be a revolutionary system that uses the whole trading power of this platform to improve the VDollar coin and its ecosystem.
Furthermore, the VDollar could eventually become one of the fastest-growing exchange tokens in the market. With its unique economic model, the VDollar could become larger and even more important than other digital assets such as Binance Coin.