What Is VidyX (VIDYX)?

VidyX (VIDYX) is a token launched on the TRON blockchain that focuses on revolutionizing data ownership. The platform claims to initiate the world's largest cryptocurrency incentive economy and deliver the world's first "tradable data contract," or TDC, which securely schematizes and bundles user data into compact smart units that can be exchanged on-chain.

As stated in the whitepaper, to achieve the aim, the team has gone ahead and created an open-source schema for de-identified data profiling. The protocol then packs the synopsized strings into a sophisticated smart contract conductor that transforms the data into freely traded, speculative, and monetizable new assets called TDCs (tradable data contract). A TDC is a unit of value that secures a user's de-identified, generic data profile in a blockchain smart contract.

Further, the VIDYX platform is a long-term token economy that powers both publisher video inventory and online consumer retail. The platform functions on the dual token mechanism that is VIDYX and VIDY. VidyX is the utility token of the platform available for rewarding while VIDY is the ERC20 based platform token that fuels the staking mechanism.

VIDYX is the monetary unit that compensates the user for the session time and attention and allows the user to transact and trade things online using a ghost wallet that is built into every website the user visits.

According to the whitepaper, the token follows the user around the internet, making it the single most convenient way to access cryptocurrency ever devised. The user doesn't need to install anything with VidyX for the first time (no new app, browser, or plugin) as everything is available in the system. The platform also seems to consume an equal amount of VIDYX for every second the user keeps the gaze fixed on the screen, putting constant upward pressure on the economy.

History of (VidyX) VIDYX

VIDYX has a maximum total supply of 1,000,000,000 tokens.