ViValid - is a service based on blockchain technology designed

ViValid is a service based on blockchain technology designed to serve as a conduit between individuals seeking information about the potential value of items in hand from experts in corresponding fields. Additionally, the very nature of blockchain, namely how information is retained and spread within it, opens up an opportunity to create the first decentralized, immutable, and, therefore, trustworthy, community-driven ledger of collectibles that contains the history of their value and ownership changes. Whereas the former aspect of the system gives its users information about the market value of an item, the latter potentially increases it.

ViValid serves its purpose for both casual and professional users. Whether you're trying to find out whether your old furniture in storage is worth anything, or you want to confirm that the movie prop in your collection is, in fact, what you expect it to be, ViValid provides you with a realistic and accurate answer. 

We have based the foundation of our system on three tenets that are deeply ingrained in our internal culture:

1. First, we trust, then verify. 

We recognize that the success or even usability of a proposed system must be based on trust and transparency. Potential factors such as ulterior motives, biases, or ignorance expressed by any party would nullify the validity of the service. Therefore, we developed the Proof of Validation (PoV) protocol, which ensures the best possible outcome by using the principles of the "wisdom of the crowds", i.e., the statistics and miracles of blockchain technology. ViValid is a technology that allows large masses to interact democratically while remaining independent and decentralized. A solution like that is unique and provides an innovative approach.

2. Do what you can to make life easier.

Time is a precious commodity. Literally. The attention span shortens while the flood of information increases rapidly in this day and age. ViValid understands this and puts much effort into matching user experiences with the challenges of emerging technologies. 

For example, current solutions try to introduce a new economy based on utility tokens but are inevitably faced with the hurdle of money exchange.

In most cases, otherwise valid and exciting solutions built on blockchain, require users to understand advanced issues from the outset. For example, the cryptocurrency market works by creating accounts on foreign exchanges, generating wallets, transferring money, purchasing tokens, and transferring them to the registered account within a service. 

All that knowledge is required before even deciding whether the solution solves the problem or not. ViValid shortens the path of entry by integrating a micro-exchange that automatically removes all the inconveniences of dealing with crypto. If you want to put an object up for valuation, just use your PayPal account or credit card, and we'll do the rest for you. Of course, it is an optional function, and users maintain control to buy and use tokens in a traditional way. 

3. Reward excellence.

As a ViValid user, you may want to share your knowledge both for fun and for recognition. There is nothing wrong with that. Being compensated for a willingness to share your knowledge is completely justified. The ViValid service introduces a new form of mining to the cryptocurrency community -- the mining of minds. Every single person has accumulated knowledge that may be in demand on the free market. The ViValid service introduces the opportunity to monetize gained knowledge. Whether assessing the value of collectible items is your full-time job, or you are a passionate amateur, ViValid pays for your expertise. More accurately, you assess the market value of the items in the system, and the higher the tier you work from, the higher your stake. You may hold the tokens as an investment or liquidate them straight away - either way, we're here to help you.

We believe that the usefulness and transparency of our solution will spawn credibility among the collector community, leading to the ViValid brand being commonly recognized as a guarantor of validity among collectibles.

Market Size  

Every year, collectors spend 200 billion USD on their hobbies (excluding art, jewelery, and classic cars) worldwide. The experts estimate that the global collectibles market will increase at a compound annual growth rate of 4.7 percent between 2017 and 2021. There is a particularly strong trend in some emerging markets, primarily in China. As a result, two-thirds of the global collectibles market will be dominated by that country in the next 20 years.

 

The other substantial market segment covers comic books. The most well-known and expensive is Action Comics No. #1, published in 1938 and sold for 1.4 million USD. However, the old comics are not the only expensive ones. New releases of The Walking Dead No. #1 from 2003 are worth 11,000 USD.

Some 1980s video games can reach up to 40,000 USD, e.g., Stadium Events, released in 1987. Games from the 1990s that are rising in value include Super Copa and Nintendo Campus Challenge.

 

ViValid offers a transparent and accurate service to the memorabilia-collector community, in which the risk of fraud is ever-present. To the unsuspecting buyer, an autograph could be forged, or an ordinary item can be substituted for a rare one. ViValid validation increases consumer confidence, which leads to higher prices.

Another 1 billion USD collectibles market is vinyl records, 40 million units of which are expected to be sold in 2018. The rising interest in vinyl records has increased demand for collectible vintage pressings. The market value of vinyl records depends on the album, special features, rarity, and condition. Because the value of a particular record is tied to so many factors, it is difficult to determine the value unless you are an expert in that area. Again, ViValid opens new avenues for accurate price validation based on community reviews.

The last example, with a market value of 400 million USD per year, is Hot Wheels. If you're lucky, your Hot Wheels cars may be worth more than actual automobiles. A pink Hot Wheels 1969 Rear-Load Beach Bomb Volkswagen – currently is valued at 100,000 USD.

Other branches of collectibles include art, jewelery, and other valuables, estimated to total 1 trillion USD in annual sales

Art and antique sales in 2016 in Europe totaled 20 billion USD, including public and private sales, with the Americas at 15 billion and Asia at 10 billion. The growth in the market is a natural reaction to the cultural and societal changes fueled by the economic conditions. 

The graph below represents the most prominent numbers for annual collectibles spending in billions of USD.

What makes ViV token necessary? 

When registering with the ViValid service, each user is provided with a crypto wallet that can store ViV tokens. Moreover, all transactions are executed with ViV tokens, which are necessary for this ecosystem as a crucial element:

1. The project has a global reach, and users from different parts of the world need not use their own national currencies, eliminating the costs of exchange-rate differences, expensive banking services, and the need for transfers between countries. ViV serves as a universal means of payment within the ViValid service, providing faster transactions and lower service costs. The costs of handling transactions through banks and other payment systems would be disproportionately high for payments received by validators.
2. All transactions are saved in blockchain, and the website’s activity is both transparent and independent, guaranteeing safety for users and operations by basing it on the smart-contract idea. ViV guarantees smooth transactions between all users of the site and independence from other crypto-currencies.
3. By creating a ViV token, we are building a solid and stable brand under the logo of ViValid, which will be associated with the global collector community.
4. Since there is no control over other coins supply, we are unable to match liquidity with transaction demand. The supply of ViV tokens is strictly associated with the service mechanism, revenue for validators, and the service prices for users.
5. The token is necessary for interactions between all participants of the service, at all tier levels in the following steps:  Step 1: Let’s say a user of the service wants to pay for the assessment service. Tokens can be transferred from an external wallet or purchased directly from the ViValid service from the pool of tokens issued by other users. The operation pool is maintained by users’ tokens and the internal pool (5% of all ViV tokens). In this manner, a possible increase in token demand is supported within the service. The internal pool will be maintained possibly on the same level, just to ensure token liquidity in the ViValid ecosystem, and will be used only in the event of high demand from service users. Moreover, tokens from validators will be sold, at the first place, to users who want to assess the item. Step 2: After the user receives ViV tokens, they can be spent on assessment services with a small fee for the ViValid team to enhance the service and roll out marketing activities. Step 3. The validator receives the designated amount of ViV tokens, depending on tier level. Step 4. The validator can sell ViV tokens within the ViValid service to other users or transfer them to external wallets or exchanges
6. ViV tokens are necessary for people who invest in the ViValid service because they support this specific project and participate in its value over time, thereby providing an appropriate return on investment for that support. If ViValid were founded via other coins or tokens, the investors would be tied to the performance of those cryptocurrencies.
7. Your own tokens allow you to maintain the price of the service at a constant and unchanging level, despite the variability of token pricing

TOKEN DISTRIBUTION

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