No items found.

Validity

price
change

Discover Validity's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Validity?

Validity (VAL) is a cryptocurrency built on blockchain technology, ensuring transparency, security, and immutability through its distributed ledger system. It operates on a proof of stake (PoS) consensus algorithm, allowing users to stake their VAL coins in the Validity wallet and receive rewards for securing the network. The Validity technology suite includes the Validity blockchain and the Validity Smartchain, which provides advanced utilities such as decentralized identities, non-fungible tokens, and more.

How is Validity used?

Validity (VAL) is a decentralized cryptocurrency designed for secure and efficient transactions. It operates on a peer-to-peer network, allowing users to conduct transactions directly without intermediaries. The asset's main use case is as a medium of exchange, enabling users to send and receive funds quickly and securely. Validity's platform is user-friendly, making it accessible to both experienced cryptocurrency users and newcomers alike.

How do I store Validity?

To store Validity (VAL) tokens, you have several options:

  1. Exchanges' Wallets: You can store your VAL tokens on your exchanges' wallets, such as Binance Wallet. This is a convenient option, but it is considered less secure as exchanges' wallets are always online and can be vulnerable to hacks.

  2. Crypto Wallets: You can store your VAL tokens on crypto wallets like Trust Wallet. These wallets are more secure than exchanges' wallets but are still connected to the internet and thus have some risk.

  3. Cold Wallets: For long-term storage and maximum security, it is recommended to use cold wallets. There are two types of cold wallets:

  • Paper Wallets: These are generated offline and printed on paper, containing public and private keys in QR code form. They are highly secure but less convenient.
  • Hardware Cold Wallets: These are physical devices that store your cryptocurrency. They are highly secure and convenient for storing large amounts of coins or tokens.

It is essential to choose a secure storage method to protect your VAL tokens from potential hacks or losses.

How to buy Validity?

To buy Validity (VAL) tokens, you need to follow these steps:

  1. Create an Account: Start by creating a free account on a cryptocurrency exchange that supports VAL trading. This exchange will serve as a portal for purchasing cryptocurrency.

  2. Purchase a Base Currency: You cannot buy VAL directly with fiat currency. Instead, you need to purchase a base currency like USDT, BTC, ETH, or BNB, which can be easily bought with fiat.

  3. Send Base Currency to Exchange: Once you have the base currency, send it to the crypto exchange or crypto wallet that supports VAL trading.

  1. Trade for VAL: On the exchange, trade your base currency for VAL tokens. You can do this by selecting the appropriate trading pair, such as VAL/BTC or VAL/USDT.

  2. Store or Use VAL: After purchasing VAL, you can store it in a wallet for long-term holding or use it for trading, staking, or purchasing goods and services.

Popular exchanges for buying and trading VAL include LATOKEN, StakeCube Exchange, and Dex-Trade.

Discover
Validity
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Validity

Validity (VAL) is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing users to conduct transactions directly without the need for intermediaries. It is built on blockchain technology, ensuring transparency, security, and immutability of transactions through its distributed ledger system. Consensus mechanisms such as Proof of Stake (PoS) are used to validate and confirm transactions, ensuring the integrity of the network.

Key Features
  • Fast Transaction Speeds: Validity is designed for efficient transactions, making it suitable for everyday use.
  • Low Fees: The asset offers low fees, reducing the cost of transactions.
  • Scalability: Validity's technology allows for scalability, making it versatile for various use cases.
  • Security: The platform focuses on security, ensuring the integrity of transactions and protecting user funds.
Use Cases
  • Medium of Exchange: Validity can be used for online purchases, remittances, and other financial transactions.
  • Smart Contracts: The asset supports the creation and execution of smart contracts.
  • Voting Systems: Validity can be used in decentralized voting systems, ensuring secure and transparent elections.
Price History

Validity's price has fluctuated over time. For instance, on December 26, 2023, the Open price was $2.38, and on January 25, 2024, it was $1.98, showing a decrease of 16.96%. The highest price recorded was $2.38 on December 26, 2023, and the lowest was $1.94 on the same date.

Market Data
  • Market Capitalization: Validity's market capitalization has varied, with a recorded high of $11,493,370 on December 26, 2023, and a low of $10,806,946 on January 25, 2024.
  • Trading Volume: The trading volume has also seen significant changes, with a high of $3,037,891 on January 25, 2024, and a low of $301,401 on December 26, 2023.
Community and Development
  • Social Media: Users can stay updated on Validity's developments by following its social media accounts, including Twitter and Reddit.
  • GitHub Repository: The asset's GitHub repository provides access to its codebase and technical details.
  • Website: Validity's official website offers information on the asset, including its whitepaper and other resources.
Price Predictions

Price predictions for Validity are optimistic, with some forecasts suggesting it could reach $97.9 by 2029 and $115.4 by 2030. However, these predictions are speculative and should not be considered as investment advice.

Discover
Validity
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Validity works

Validity (VAL) is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing users to conduct transactions directly without the need for intermediaries. It is built on blockchain technology, ensuring transparency, security, and immutability of transactions through its distributed ledger system. Consensus mechanisms such as Proof of Stake (PoS) are used to validate and confirm transactions, ensuring the integrity of the network.

Key Features
  • Digital Signatures: Validity offers a digital signature system that allows users to verify the authenticity and ownership of files. This system uses blockchain technology to record signatures and checksums, making it easy for users to check the integrity of files without manual effort.
  • Decentralized Services: Validity provides a suite of decentralized services, including cryptographically managed identities, public voting, file signatures, proof-of-ownership, NFTs, virtualized worlds, and immutable text notes.
  • Staking: Validity uses a modified Proof-of-Stake utility token, which allows users to stake their coins and earn rewards. This process helps secure the blockchain and incentivizes users to participate in the network.
  • Security: Validity emphasizes security, using blockchain technology to ensure the integrity of transactions and protect users from malicious activities.
How It Works
  1. Transactions: Users can send and receive funds using Validity (VAL) through a decentralized network.
  2. Validation: Transactions are validated through a Proof of Stake (PoS) consensus mechanism, ensuring the integrity of the network.
  3. Blockchain: Validity's blockchain technology records all transactions, providing transparency and immutability.
  4. Staking: Users can stake their Validity coins to earn rewards and help secure the network.
Use Cases
  • Medium of Exchange: Validity can be used for online purchases, remittances, and other financial transactions.
  • Smart Contracts: Validity can be used for executing smart contracts, which automate specific actions based on predefined conditions.
  • Voting Systems: Validity's decentralized voting system allows for secure and transparent voting processes.
Security Measures
  • Hardware Wallets: Users can store their Validity coins in hardware wallets like Ledger for enhanced security.
  • Trusted Platforms: Users can also use trusted platforms that offer additional security measures like two-factor authentication and encryption to protect their VAL holdings.
Discover
Validity
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Validity's strengths

The token Validity (VAL) has several strengths that contribute to its potential as a reliable and secure digital asset:

  1. Security: Validity operates on a decentralized blockchain platform, ensuring the integrity and immutability of transactions through its distributed ledger system. This technology provides a high level of security, making it difficult for malicious actors to manipulate transactions.

  2. Scalability: Validity is designed to handle fast transaction speeds and low fees, making it a versatile digital asset for various use cases such as online purchases, remittances, smart contracts, and even voting systems.

  3. Transparency: The platform utilizes blockchain technology to ensure transparency in all transactions, allowing users to track and verify the authenticity of transactions.

  1. Decentralization: Validity operates on a peer-to-peer network, allowing users to conduct transactions directly without the need for intermediaries. This decentralized nature enhances the security and efficiency of transactions.

  2. Custom Token Creation: Validity enables the creation, issuance, and transfer of custom tokens, providing users with a flexible and adaptable platform for various applications.

  3. Digital Signatures: Validity offers a digital signature feature that allows users to verify the authenticity and ownership of files, ensuring that users can trust the origin and integrity of the files they receive.

  1. Immutable Text Notes: The platform also provides a feature for immutable text notes, which can be used for secure and transparent communication.

  2. Strong Development Team: Validity has a team of experienced developers with backgrounds in various programming languages and blockchain technology, ensuring that the platform is constantly evolving and improving.

These strengths position Validity as a reliable and secure digital asset, suitable for a wide range of applications in the digital economy.

Validity's risks

Validity (VAL) is a cryptocurrency that carries financial risks, which are crucial for investors to understand. According to risk assessments, VAL is considered a moderate risk investment, indicating that it may be subject to significant price fluctuations. This risk is quantified using measures such as Value at Risk (VaR), which estimates the potential financial losses within a specific time frame.

VaR is a statistical method that determines the extent and probability of potential losses. It can be applied to individual positions, portfolios, or firm-wide risk assessments. There are three primary methods for calculating VaR: the historical method, the variance-covariance method, and the Monte Carlo method. Each method has its advantages and disadvantages, but they all provide valuable insights into potential financial losses.

In the context of VAL, VaR helps investors understand the likelihood of the cryptocurrency experiencing a decline in value. For instance, if VAL has a 3% one-month VaR of 2%, it signifies a 3% chance of the asset experiencing a decline in value by 2% during the one-month time frame. This information is essential for portfolio managers who heavily weigh risk assessment when making investment decisions.

While VaR provides a single, easily interpreted number, it has limitations. VaR assessments may understate extreme or black swan events, and there is no standard protocol for determining risk statistics. Additionally, VaR only represents the minimum potential loss, which may not fully capture the complexity of the risks involved.

In summary, Validity (VAL) carries moderate financial risks, which are quantified using measures such as VaR. Understanding these risks is crucial for investors seeking to manage their risk exposure effectively.

Discover
Validity
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Validity raise funds?

Discover
Validity
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Validity's ecosystem

No items found.
No items found.
Discover
Validity
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Validity’s team

  • Justin J: Blockchain Architect with experience in C#, C++, and VBA, and the founder and senior SmartChain Developer of SmartChain Software Solutions, LLC.
  • Tim M: Senior Developer with over 10 years of experience in Go, Python, Django, JavaScript, VueJS, C#, blockchain, HTML, and SQL, currently working with Blockspaces to integrate Validity technology.
  • Michel K: DevOps Engineer with experience in data center and cloud infrastructure, JSON, Python, Node.js, and C++, involved in the crypto space since 2017 and contributing to various projects.
  • Reindert K: Business Analyst with a master's degree in business economics and experience in the pharmaceutical and petrochemical industries, now working on the Validity Project.
  • John P: Director of IT Operations with an MBA in network and systems engineering, overseeing technical infrastructure and managing IT systems for ValidityTech and MDASR, LLP.
  • Gunther P: Team Lead with degrees in Economics and IT, responsible for day-to-day operations, setting team goals, and creating an inspiring team environment.
  • Carl S: Designer with experience in Adobe Suite, Cinema 4D, and Figma.
  • Harriet P: Web/Community Lead with a degree in Business Management and qualifications in project management, responsible for website design, content, and marketing strategy.
  • Dejvis D: Junior Developer with experience in HTML, CSS, PHP, C#, and Solidity, contributing to the Validator idle game.
  • Vicky: Indonesian Community Lead, translating content and managing social media accounts.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Validity NEWS REPORT

Latest news

Want an analysis of Validity? Tell us on discord.

Similar tokens

Looks like we're missing similar tokens!
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM