Gate.io Startup launches VIDY coin, IEO oversubscribed

08 Jul, 2019 | Updated: 08 Jul, 2019
by Manshi Soneji Mamtora
ICOs
Gate.io Startup launches VIDY coin, IEO oversubscribed

The VidyCoin or VIDY is to be listed on Gate.io exchange and it currently stands oversubscribed by 6.75 times, resulting in investors probably getting only 14.7% of their orders.

Gate.io exchange

Gate.io exchange was started in China in 2013 and is long-standing since then but is lesser known. It is ranked at 45th in terms of volume as per data shown by coinmarketcap.com.

It is a subsidiary of Gate Technology, Inc. There are currently four markets available: Tether, Bitcoin, Ether and a stable coin conversion for different countries.

Gate.io has launched Startup, a platform that aims to provide users with access to innovative and advanced projects. Traders now have more opportunities to make an initial investment. Trading service will be enabled once the startup project fulfills its fundraising goal. Gate.io Startup is set to launch its next project with VIDY.

What is VIDY?

Vidy is the world’s first decentralized Ad eco placing video ads across 100s of millions of webpages via an open-source NLP consensus protocol driven by miners. Vidy has invented the Vidylink, which highlights hyper-relevant text on pages automatically through natural language processing. When a user holds down on a vidylink they see a dynamic video revealed that fortifies what they just read, and they earn VidyCoin for each second that they hold, being able to swipe up to then make a one tap purchase with VidyCoin without ever leaving the page.

The Return on Investment or ROI for the previous IEO on Gate.io for SEROdotCASH was 8.21x (increasing 721% in USD terms). The optimism on the SERO IEO is also expressed on their twitter accounts.

Could investors also expect a similar performance in VidyCoin? Well, we may have a wait and watch a little for that. 

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Alts INCREASING against BITCOIN! BTC shorts drop 67%! Subscribe to the Chepicap YouTube Channel for more videos!

Read more about: ICO

Poll

Will VidyCoin be a hit like SEROdotCASH?

(2 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage