Overview of V-ID

  • V-ID is primarily focused on file verification and data validation, seeking to become the market leader in these sectors, with the V-ID software already having over 40 clients and currently processing ~82,200 validations per month, as per June data.
  • V-ID is a platform that is aimed at ending document fraud, It allows users and organizations to submit their files, where they are then matched with an ID and assigned a verified status.
  • V-ID currently anchors the set of digital documents indisputably proving the authenticity of a watch on the Fantom blockchain through V-ID’s VIDT Datalink architecture.
  • V-ID works with organizations like AmSpec, IBM, and Nyenrode University to certify and secure digital documents like certificates, invoices, diplomas, and sensor-data.
  • V-ID secures digital files against unlawful manipulation The VIDT API enables organizations to certify and secure their digital data against fraud and manipulation.
  • V-ID now has a moderately large Twitter audience of 12,077, which is the 18th-highest figure recorded in these reports, placing it among the top-third of projects.
  • V-ID’s mission is to safely certify and secure all digital assets, so fraud and errors no longer hold back society’s innovations in digitalization.
  • V-ID was conceptualised in early 2017, as a subsidiary of WIDIDI; a software developer in the Netherlands and the U.K.
  • V-ID has now been in existence for over a year and so there is a moderate amount of price-history available to us.
  • V-ID heeft onder meer Airbus Defence & Space en Krohne als klant.
  • Blockchain

    The contextual information of a file, like the publishing party and the file’s purpose, is always saved on the V-ID Platform.The digital fingerprint is saved on 1 or more blockchains.There are a couple of conditions that need to be met, for a blockchain to be useful for V-ID Validation, but this also depends on the use case and the clients’ protocols.


    Well, there’s rather a lot of interesting data to work through here, but let’s begin with the most important metrics for a utility token: NVT and its related metrics.Utility tokens derive their fundamental value from their on-chain demand, so looking at these figures helps us determine whether V-ID is currently primarily being used for speculation or whether the token is being employed for its intended purpose.Of course, there are more accurate means to determine this, which we shall come to later in the report, as V-ID has a transparent dashboard for tracking validation processing and other useful data.This will be covered in its own section towards the conclusion of the report.


    Moving onto volume, I found that V-ID traded $2.795mn over the past 24 hours, equating to a huge 17.48% of its Network Value.Moreover, the bulk of this volume is being traded on Kucoin, which, unlike in my July report where $2mn+ was reported to have been traded daily on Hotbit, is not known for a high degree of wash-trading.As such, this is very much reflective of the rising speculative interest in V-ID.


    Using the past 7 days of data, I worked out that V-ID has been experiencing ~291 daily on-chain transactions, amounting to Daily Transactional Value of $235,456.This gives V-ID a NVT (7-day) of 67.9; for context, Bitcoin’s (albeit 14-day) NVT is around 84.As such, V-ID is transacting more volume on-chain per $ of Network Value than Bitcoin.

    How far can I drive?

    The ID.4 Pro S and 1st Edition can take you where you need to go with an EPA estimated 25025 miles of range.Range for all other versions is not yet available and will vary.

    What is instant torque?

    Driving the VW ID.4 is instant fun.From the moment your foot hits the pedal, you can enjoy instantaneous, powerful acceleration.With the ID.4 1st Edition, you have the force to jump from 0-60 in just 7.8 seconds20—thanks to the electric motor.

    How often will I get updates?

    You’ll be updated at every step of the delivery process, with progress emails when your car is being built, being shipped, and other content that will help you prepare for life as an EV owner.

    How will my deposit be refunded?

    We will credit the entire reservation fee and vehicle deposit (if applicable) back to the original credit card on file used for reserving your car.You may check your payment details in through MyVW , during the cancellation process, or in the general dashboard after the cancellation.

    Are you sacrificing mobile security?

    Our Mobile Security Index found those that did were twice as likely to suffer a compromise.

    Can I transfer my reservation?

    Unfortunately, your reservation number is non-transferable.You would need to cancel the reservation to allow a new reservation under a different name.

    Can I update or make changes to my reservation?

    You’ll be able to make updates to your reservation in edit my configuration until it locks.If you have changes to make, now is a good time to do so.If you’re not ready, we’ll give you a heads up (via email) on specifics about when your configuration will lock as it enters production.

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    Thank you.

    What is a VW ID and why do I need one?

    A VW ID is how you save and manage your personal and reservation information and is also required to reserve an ID.4.

    Can I cancel my reservation for any reason?

    You can cancel your reservation online at any time in the process until the vehicle is picked up at the designated dealer.Just go to myVW and select ‘cancellation’.

    What hashing algorithm does V-ID use?

    V-ID is a coin that uses the ETH Token algorithm.

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    Thank you.

    Where can I get V-ID wallet?

    V-ID produces its own wallet software that is available for download on its website, which allows you to store V-ID on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Can I use the deposit amount for other products or accessories?

    Unfortunately, you cannot use the deposit amount for other products or services.If you have further questions, you can contact Volkswagen Customer CARE through chat or by phone at 1-800-822-8987.

    How do I buy V-ID?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including V-ID.

    When will I be able to purchase the car?

    We’ll give you a heads up when the vehicle is ready to purchase through the delivery tracker, available through MyVW .At that time, you must contact your selected dealer to finalize your purchase.Don’t worry, we’ll also send you an email.

    What is V-ID?

    V-ID is a platform that is aimed at ending document fraud, It allows users and organizations to submit their files, where they are then matched with an ID and assigned a verified status.V-ID claims to be impossible to alter the file without losing the verification.Making it a secure and reliable way to fraud-proof your documentation.VIDT is an ERC20 compliant token on the Ethereum network.

    Can I test drive before I buy?

    Most dealers will have an ID.4 available for test drive so you can get behind the wheel before you purchase.

    What coins are similar to V-ID?

    The following coins use V-ID’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, FTX Token, Maker, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

    What is the value of V-ID?

    One V-ID (VIDT) is currently worth $0.99 on major cryptocurrency exchanges.You can also exchange one V-ID for 0.00008325 bitcoin(s) on major exchanges.The value (or market capitalization) of all available V-ID in U.S.dollars is $45.71 million.

    When will I receive my car?

    You can see the estimated time of arrival (ETA) in the delivery tracker, available through MyVW .You can also get updates every step of the way so you can stay informed by this portal and via email.

    What is the Reddit page for V-ID?

    The official Reddit community (subreddit) for V-ID is r/VIDT.

    What is regenerative braking?

    Every time you take your foot off the accelerator or when braking, excess kinetic energy is stored for later use allowing for an efficient driving experience.

    Where is my personal data stored?

    To learn more about your personal data and how it’s stored, please see our privacy policy.

    Where to?

    The Volkswagen ID.4 Pro S and 1st Edition electric vehicles can take you where you need to go with an EPA Estimated Range of 250 miles4.Range for all other versions is not yet available and will vary.

    What is V-ID?

    V-ID provides a blockchain validation service.One of the main challenges of validation is knowing that the file being verified has actually been issued by the lawful person or entity representing the issuing organization.

    Will you share my reservation information with my dealer?

    We value your privacy.At certain points in the reservation process, we will share your information with your selected dealer to finalize your purchase and delivery.Please review the terms and conditions or more detail.

    History of V-ID

  • in 2019, Document Validation) | With V-ID, we’re going to create certificates for hackathon participants and blockchain students.