Vidcoin

US$Vidcoin is a cryptocurrency that will be used as the official medium of exchange on upcoming video hosting service Viare. Vidcoin was conceptualized by Ben Andrus in 2019.

History
Since May of 2019 (when Cartera first presented the idea of Viare to him), Andrus envisioned the platform as having a decentralized system for paying content creators. In late June of that year, Andrus proposed this idea to Cartera, and thus the idea for Vidcoin was conceived.

Early Development
In early July of 2019, development on Vidcoin began alongside development of Viare. Currently, development is ongoing, with a planned release of October 21, 2020.

Implementation
Vidcoin is an ERC-20 compliant token that runs off of Ethereum's blockchain. The governing smart contract is written in Solidity and accessed through the website using the Web3.js library.

Supply and Valuation
There is no limit on the total supply of Vidcoin that is allowed to exist, however, unlike many other cryptocurrencies tokens are neither "mined" nor is there an initial supply to be distributed. Instead, tokens are "minted" by content creators through the uploading of videos to the site. A variable amount of Vidcoin is awarded to viartists based on the ad revenue the video generates.

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