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Vyvo Coin priceVSC
Vyvo Coin price calculator
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About Vyvo Coin (VSC)
What Is Vyvo Smart Chain?
Vyvo Smart Chain is a HealthFi ecosystem that stands at the intersection of health and finance. By championing the cause of health data monetization, this platform endeavors to revolutionize how we perceive and reward healthy lifestyle habits. In today's data-driven world, where every step, heartbeat, and sleep cycle is a valuable piece of information, Vyvo Smart Chain aims to give back control to the users. No longer are health metrics merely numbers; they are now assets with tangible value.
Large corporations, including tech giants like Apple and Google, have long dominated this arena, often without transparently compensating users for their valuable data. Vyvo Smart Chain seeks to overturn this paradigm. By emphasizing user rights and data proprietorship, it introduces a system where data producers – the wearers of health devices – retain ownership and gain a share in the multibillion-dollar health data industry.
Resources
Whitepaper: https://www.vyvo.com/files/VyvoSmartChainWhitepaper.pdf
Official Website: https://www.vyvo.com/
How Does Vyvo Smart Chain Work?
At the core of Vyvo Smart Chain's operations is the unique Proof-of-Sensing (PoSe) validation protocol. Rather than relying on traditional validation methods, PoSe prioritizes health data's authenticity and accuracy. This is achieved by integrating wearables and IoT sensor-enabled devices that capture real-time health metrics. Each piece of data is then treated as a Data-NFT (Non-Fungible Token), ensuring its uniqueness and immutability.
Vyvo Smart Chain employs the proprietary encryption chips and standards. This data processing practice guarantees users' ownership within the ecosystem. By designing a system where data remains encrypted and inaccessible to external entities, Vyvo Smart Chain ensures complete privacy, decentralization, and data ownership.
What Is VSC Token?
VSC, or Vyvo Coin, is the native utility token of the Vyvo Smart Chain ecosystem. It is utilized for processing transaction fees and storing data on the network. Those interested in running validator nodes can do so by staking VSC tokens, reinforcing the network's security and consensus mechanisms. Furthermore, users are rewarded with VSC tokens for generating and contributing health metric data, turning everyday health practices into potential earnings.
With its mainnet launch on December 14, 2022, 10 billion VSC tokens were minted. An additional 1.2 billion VSC tokens are minted annually as epoch rewards, supporting the network's growth. Every NFT minting transaction sees a 35% fee being burned, ensuring a deflationary mechanism. With halving periods every four years and a maximum supply cap of 20.01 billion, the token's economic design promises sustainable growth and value appreciation.
What Determines Vyvo Smart Chain's Price?
The price of Vyvo Smart Chain, like other cryptocurrency prices, is influenced by a multitude of factors that interplay in the dynamic world of digital finance. Cryptocurrency investment trends play a pivotal role, with the ebb and flow of capital in the market directly impacting the price. As more investors recognize the potential of Vyvo Smart Chain and decide where to buy cryptocurrency, its demand surges. Notably, leading exchanges such as Bitget have become popular platforms for acquiring Vyvo Smart Chain, and the volume of transactions on these exchanges can significantly sway the cryptocurrency's price.
Cryptocurrency price forecasts and crypto price predictions further shape the market sentiment. These forecasts, often based on intricate analytical models, historical price history, and current cryptocurrency trends, can either bolster investor confidence or induce caution. Additionally, the broader landscape of cryptocurrency regulation plays an understated yet crucial role. Positive regulatory news can boost prices, while concerns about stringent controls or potential cryptocurrency scams can exert downward pressure. Investors always need to keep an eye on cryptocurrency exchange rates, as fluctuations in these rates can lead to arbitrage opportunities or potential losses.
In essence, Vyvo Smart Chain's price is a reflection of its perceived value in the market, shaped by investment trends, regulatory landscapes, and the ever-evolving dynamics of the crypto world. As the cryptocurrency realm continues to mature, it's important for investors to stay informed and vigilant, ensuring they make well-informed decisions in this high-reward yet volatile domain.
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Vyvo Coin news
See moreIn order to provide a better trading experience, Bitget has suspended the deposit and withdrawal functions of VSC from May 14 (UTC) until a later date. Please note that trading will not be affected during the downtime. When deposit and withdrawal of VSC can be resumed, we will notify our global use
In order to provide a better trading experience, Bitget has suspended the deposit and withdrawal fu
We are pleased to announce that VSC deposit and withdrawal services have resumed on our platform. W
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