Chainalysis – a commonly used blockchain data company – recently invested in an unspecified amount of Bitcoin. The investment comes as Bitcoin's price creeps ever closer to all-time highs and surpasses its market cap record from May. Chainalysis Plans to HODL The data provider announced its latest investment in a blog post today and simultaneously confirmed a new partnership with NYDIG. NYDIG is a Fintech service provider for banks, corporations, and institutions. The financial company has allowed Chainalysis to add…
Many crypto enthusiasts argue that centralized institutions do not give users financial freedom and control of their own funds. This has created the need for non-custodial solutions that keep users in control of their cryptocurrencies. It’s quite unnerving to see so many digital asset wallets in this space that don’t put the end-users needs first.
Would you want to trust your funds with a wallet where you don’t own the private keys? Worse yet, would you be comfortable having restrictions when sending funds from your wallet? Issues like these are why non-custodial solutions to crypto storage and ownership have an important role in the growing blockchain and crypto ecosystem.
These are some of the issues that I would like you to keep in mind as we explore the Vidulum App users’ features. From daily rewards distributed to holders on the application to a built-in crypto exchange service, Vidulum App is making waves as an all-in-one non-custodial crypto wallet. With special importance placed on the user experience, Vidulum has been built for every device and features an integrated discord tip bot that helps drive community engagement.
This might seem like many features packed into one app, but it is the reality, and it has left me spellbound as I’ve gotten to learn about this amazing project. There are many wallet solutions in the space already, but Vidulum App comes as a complete all-in-one crypto service.
Vidulum App’s Features
If you are itching to hear about how Vidulum App rewards its users, keep reading! But first, let’s look at some features that make this wallet app secure and easy to use. Vidulum App is one hundred percent non-custodial, which means you are the only person with custody or ownership of the private keys upon account creation. When you create an account on Vidulum App, your private keys are generated client-side. Passwords and pins are never sent externally or stored outside your device. This means that the Vidulum team cannot reconstruct your private keys or restore accounts, putting users in full control of their crypto assets and funds.
Having total ownership of your funds is a fundamental pillar of the crypto ecosystem and a value shared by the Vidulum team. This buttresses the common statement in this space, “not your keys, not your crypto,” and is why Vidulum’s mission is built around creating non-custodial products, echoed by their mantra, “Your Keys – Your Crypto.” The app also comes with enhanced security tweaks such as automatic lock, entering all login details to approve a transaction, and 2-Factor Authentication to further raise the security bar.
Easy access to funds is also one of the Vidulum App hallmarks and why it stands out among other cryptocurrency wallets. Users can access their wallets via both iOS and Android or through the website. You are not wrong if you feel like calling this app the all-in-one, 24/7, Multiplatform, Non-Custodial Cryptocurrency Wallet, but that’s a mouthful. Instead, the community knows the application as Vidulum, and they have been re-engineering the way users store and access cryptocurrency through this multi-asset web wallet.
The principle of non-custodial crypto storage is the basis on which Vidulum App has been designed. With this foundation, Vidulum App users are met with a unique interface that simplifies the experience for both beginners and advanced participants in the crypto space.
Earning Daily Rewards with V-Staking
So what about earning daily rewards on Vidulum App? V-Staking is a key feature of the application, and it is central to the Vidulum Reward System. This mechanism has been developed to reward holders of specific, enabled assets.
Participating in V-Staking requires that users hold a minimum amount of a v-staking enabled asset. The rewards are distributed daily in VDL tokens, and the amount that a user receives is proportionate to the amount they hold of the total pool of a given asset that is v-staking.
- 100 VDL daily reward pool
- Total VDL Currently V-Staking: 1000 VDL
In this scenario, if you hold 100 VDL, you would earn 10% of the daily reward pool
The VDL that users receive in their daily distribution is part of the VDL chain’s block emission. A list of currently V-Staking enabled assets can be found on the rewards page of the application.
Vidulum team has recently expanded its services by releasing a built-in exchange with a modest set of crypto pairs. Any Vidulum App user can perform crypto swaps with any of the available pairs, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Even though this feature was recently released, it’s working smoothly. There are plans for expansion to the exchange feature focusing on supporting more currencies so that users can swap within their Vidulum wallets without having to log into any centralized exchange. That’s right; users remain in control of their crypto. With Vidulum App, you are always in control of your funds.
What is VDL?
If you’ve read this far, you might be asking yourself how to get Vidulum Coins (VDL). The Vidulum blockchain uses the proof of work consensus mechanism and Masternodes to support the network. You can earn VDL by supporting the network in mining or by hosting a masternode. The Vidulum team has put together some guides on their official blog to learn more about mining VDL or hosting a Masternode.
You can also earn Vidulum coins from V-staking, but you will need VDL, or another V-Staking supported asset to get started. VDL can be acquired directly in Vidulum App through the new exchange feature. Users can also visit the exchanges that support VDL to get some Vidulum Coins in their wallets.
Vidulum is spearheaded by a very hard-working duo and supported by a robust community of users. Vidulum App is the core product of Vidulum LLC, a registered company focused on building non-custodial solutions for the crypto space. Their products are developed to enhance existing users’ experience while easing new market participants’ onboarding process. VDL is the mainnet blockchain that complements Vidulum App and the products offered by the company. The Vidulum team has constantly been fine-tuning its solution, and with the steps they’ve taken over the last year, it has become clear that they are here to stay. Non-custodial solutions are the future, and it starts with Vidulum App. Join this revolution and get rewarded along the way.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site.