Vid Basis, the corporate behind the social media app Vid which rewards customers, unveiled its plans to permit extra staking in its VI token.Jag Si
Vid Basis, the corporate behind the social media app Vid which rewards customers, unveiled its plans to permit extra staking in its VI token.
Jag Singh, CEO and Co-Founding father of Vid Basis, mentioned in a submit that new stakers would have the ability to be part of Vid and stake their tokens.
Singh mentioned that ranging from September 1 and for the following three months Vid will open up staking for 14 million Vi. He confused that present stakers is not going to be affected by the transfer and that the APR will stay the identical.
Vid will even be engaged on different enhancements to its software together with fixing the issues that appeared within the VID app, advertising the app, making VI an in-app forex, launching influencer/creator verified accounts on Vid and releasing a whitepaper. Singh mentioned the agency can also be wanting including know-your-customer options for withdrawals on the app.
Singh mentioned he hopes to have a million customers for the Vid app within the subsequent three months.