Buy Vidya
What is Vidya?
Vidya is a multipurpose DeFi gaming token that operates on the Ethereum blockchain. It is designed to function as a digital transfer of value for traditional games, blockchain games, and decentralised financial technologies. The token facilitates wager-based game lobbies and interactions within the VidyaFlux gaming ecosystem, where users can stake VIDYA tokens to earn passive income.
How does Vidya work?
Vidya operates primarily on the Ethereum blockchain. It uses a Proof of Stake (PoS) consensus mechanism, which selects validators based on their stake of the cryptocurrency, rather than their computational power. Vidya utilises smart contracts to manage transactions and interactions within its ecosystem, automating enforcement and execution without intermediaries. The underlying algorithms are a mix of Ethereum's Ethash for mining (before Ethereum's PoS transition) and the Beacon Chain algorithm for validation in PoS.
What are the potential use cases for Vidya?
Vidya is primarily utilised in:
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Blockchain Gaming: It serves as a token for wager-based game lobbies and player-versus-player interactions, facilitating gaming-related financial transactions.
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Decentralised Finance (DeFi): It provides an escrow system for secure, wager-based gaming lobbies and supports peer-to-peer transactions on decentralised exchanges.
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Cryptocurrency Transactions: Vidya acts as a medium of exchange, secured by cryptography, for digital payments.
What is the history of Vidya?
Vidya was launched on August 24, 2020, focusing on creating a gaming ecosystem that combines staking and passive income generation. Since its introduction, it has been listed on various exchanges to increase liquidity and trading opportunities. Although specific updates or forks are not detailed in provided sources, Vidya continues to develop within the VidyaFlux ecosystem to enhance its gaming and staking features.
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Frequently Asked Questions (FAQs)
What is the current price of Vidya (VIDYA)?
The Vidya price is $0.10306612 AUD, representing a -3.52% from the day prior.
Where is the best place to buy Vidya (VIDYA) in Australia?
The best place to buy Vidya (VIDYA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Vidya (VIDYA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Vidya (VIDYA)?
The trading volume of Vidya (VIDYA) is $69.5K AUD in the last 24hrs, representing a -3.52% from the day prior.
How can I buy Vidya (VIDYA)?
Vidya (VIDYA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Vidya (VIDYA)?
The current market cap of Vidya (VIDYA) is $4.1M AUD.
Can I convert Vidya (VIDYA) to cash?
Yes - With Coinstash you can convert your Vidya (VIDYA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Vidya (VIDYA) are there?
The current circulating supply of Vidya (VIDYA) is 42.6M.
Is Coinstash a safe place to buy Vidya (VIDYA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Vidya (VIDYA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.