What is Valobit?
Valobit is an Ethereum-based cybersecurity solution meant to make crypto transactions safer. Its technology identifies and counteracts hackers, preventing the theft of blockchain users’ information. After avoiding the cyber attack, Valobit shares the culprit’s information with the protected community. Thus, it avoids future attacks, as well.
Through this system, users upload data, which is then encrypted and securely stored in a decentralized way. Besides providing a cybersecurity system, Valobit also offers two other services: a coin lending service and a multivendor online shopping provider. Regarding the first one, Valobit’s technology has been used for lending platforms such as Coinbita.io. The goal is, again, to make transactions safer. Additionally, Valobit manages the platform’s regulatory compliance.
The second one is done through the methods of worldwide fulfillment warehouse facilities and multivendor dropshipping. For this service, Valobit is responsible for receiving, processing, and delivering goods from suppliers to their customers. It also includes the role of collecting orders from product manufacturers and shipping them directly to the customer.
The native Valobit token is VBIT. It’s a utility token that was distributed using the IUO technology (Instant Utility Offering). Essentially, compared to ICO (Initial Coin Offering), IUO works at an immediate pace, regarding investment security, trading options, online buying, and so on.
If you are interested in knowing the current VBIT price, you can check the price chart featured above.
Use Cases of VBIT Tokens
VBIT can be used as payment for Valobit services, which include transaction fees, manual arbitration in case of disputes, and provision of liquidity to brokers.
Besides that, Valobit has a big online marketplace and catalog. VBIT holders can use their tokens to make direct payments when they shop in this marketplace.
Before purchasing Valobit crypto assets, make sure to do a thorough VBIT price analysis. Use the Valobit price chart above for doing that.
Who Founded Valobit?
Valobit’s team is composed of 18 professionals. However, there is no published information regarding its founders.
Tokenomics of Valobit
The max supply of VBIT is 1.6 billion coins. Half of it was used for crowdsales and to supply Valobit’s team. The other half was mainly distributed to advisors, as well as used to compose the project’s reserve. Smaller amounts were set aside for the program and for masternodes.
The fixed supply implies that the Valobit price might rise in the future as the token become more scarce.
