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, stated in a put up that new stakers would have the ability to be part of Vid and stake their tokens.
Singh stated that ranging from September 1 and for the subsequent three months Vid will open up staking for 14 million Vi. He burdened that present stakers won’t be affected by the transfer and that the APR will stay the identical.
Vid can even be engaged on different enhancements to its utility 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 stated the agency can be wanting including know-your-customer options for withdrawals on the app.
Singh stated he hopes to have a million customers for the Vid app within the subsequent three months.
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