Platform Name: VDollar
Company: VDollar Exchange LTD
Location: Colorado, USA
License: FinCEN Money Services Business (MSB)
Offerings: Crypto Exchange, Crypto CFDs, Wallet Service
Supported Cryptocurrencies: BTC, ETH, DOGE, XRP, LINK, BCH, ADA, DASH,LTC, EOS, SHIB, FIL, TRX, YFII etc.
VDollar Exchange LTD is registered in Colorado, USA, and has the registration of MSB. It is under the jurisdiction of the United States and has three business sectors, digital currency Exchange (vdollar.io), ultra-circular digital currency wallet (vdollarwallet .com) and new trading is mining coins (vdollar.org).
In a crowded crypto trading space with many platforms offering similar features, VDollar presents a breath of fresh air that makes it quite different from the rest.
The VDollar platform is available in English and Chinese versions, catering to a significant percentage of the global crypto trading community. It implements an intuitive, user-friendly interface that is suitable for both experienced and new traders. Users have an option to choose between a responsive browser-based web trading interface and a native mobile app that is available for both Android and iOS powered devices.
Trading on VDollar
The exchange and trading platform in the VDollar ecosystem enables users to trade more than 20 most popular crypto assets including BTC, ETH, DOGE, XRP, LINK, BCH, ADA, DASH,LTC, EOS, SHIB and the project’s own namesake VD tokens. The trading platform sports multiple trading products designed to meet the needs of different types of traders. Users on the platform can either choose to simply exchange one crypto to another or indulge in OTC trades, Swaps or Margin trades.
On VDollar OTC trading product, users can purchase crypto using crypto or any of the 15 supported fiat currencies. Meanwhile, Swaps on VDollar are available in Netting and Hedge modes at up to 20x leverage and uses USDT as the settlement currency. The list of supported trading pairs on Swaps include BTCUSDT,BTCUSD, ETHUSDT, ETHUSD, FILUSDT, and DOGEUSDT.
Margin trading on the platform comes with up to 3x leverage on 10 different crypto/USDT trading pairs viz, BTC, ETH, FIL, DOGE, BCH, TRX, EOS, LTC, YFII and SHIB.
Users on VDollar trading platform always have the market data at their fingertips, thanks to highly customizable, real-time charts. The charts are accompanied by analytical tools that can be readily used for market analysis before making and executing the trading decision on the same window.
While VDollar.io meets the crypto exchange and trading requirements, the ultra-circular VDollar Cloud Wallet enables users to store and manage their cryptocurrency transactions in a secure environment. Using the industry-best encryption standards, the wallet facilitates seamless transactions as well as interaction with the platform’s trading infrastructure to deliver the best-in-class user experience.
Mining is Trading
The Trading Mine is a feature that is unique to the VDollar ecosystem which allows users to earn for their activities on the platform. It also acts as a mechanism for issuance of the project’s native VDollar (VD) token. To enable Mining Trade, the project has set up a USDT Reserve Pool which receives 100% of trading fees collected by the platform. Based on the collections, the VDollar ecosystem will generate and distribute VD tokens to the URP contributors in multiple phases through its Perpetual Motion Machine.
In the first phase, the project will issue VD against USDT reserves in a 1:1 ratio. Meaning, each USDT in the URP will give rise to 1 VD. In the consequent phases, the distribution will undergo progressive halving with each VD distributed against 2 USDTs during the second phase followed by 1 VD against 4 USDT and so on. The total distribution of VD tokens is capped at a maximum of 10 million with each issued token pegged to the URP.
All VDollar operations are transparent and verifiable, including the USDT Reserve Pool which is an on-chain address that is made available to all users. It also has a Super Representative Generation Mechanism that elects 32 Super Representatives to play a role in the project’s governance. These Super Representatives are assigned voting powers and receive compensation for their services in the form of a portion of VD mined by their subordinate users.
Standing Apart from its Peers
While there is no dearth of crypto exchanges and trading platforms, only a small percentage of them have created an entire ecosystem around it. VDollar stands apart from them by creating a unique token issuance and reward mechanism that offers real value to its userbase. Unlike Binance and its native BNB tokens, the VDollar token is issued only to those who actively trade on the platform. Further, each VD token is backed by real assets in the URP and the token distribution is designed to encourage appreciation in value over time.
The VDollar ecosystem maintains transparency throughout the token generation and distribution process and the tokens thus earned can be used to pay 100% of the transaction fees on the platform. Meanwhile, VD maintains a maximum cap of 10 million tokens, which is a lot less than those of its counterparts, which combined with the diminishing output will create favorable market dynamics that could drive adoption and encourage more users to switch to VDollar.