ViValid Review

Ever found something in your basement or on your loft and wondered if it is worth anything? Maybe it is useless, and not worth holding on to. But maybe it is more valuable than you can imagine. How do you find out? You could, of course, spend hours and hours scouring the Internet for information. Another option to ask an expert for their opinion. Maybe you will even ask two experts, just to be sure. But what if they give you two different estimates? And how do you know their estimates are correct? It would be a shame to sell your new-found treasure for less than it is worth. This is where ViValid enters the picture.

What is ViValid?

ViValid is perhaps best described as an online community of experts. Experts in jewellery, baseball cards, antique furniture, stamps. coins, you name it. For every category of items of value there is an expert who knows how much they are worth. As the happy owner of such an item, all you have to do is to take a picture of it, upload it to the platform, and await the evaluation. ViValid randomly assigns multiple experts in the relevant field to evaluate your item, and you will receive this at a fraction of the cost it would normally have come out to. Thus, you save yourself the headache of having to research the item yourself, have several reliable opinions on how much you can sell your item for.

How does it work?

ViValid is a platform fuelled by blockchain technology, and thus works on a decentralized ledger where all the data is stored. This means that you as the owner of an item can remain anonymous, and so can the experts.

However, ViValid does not expect you to simply trust the fact that the experts are, in fact, experts. They have ensured that each expert has undergone several tests to determine their level of expertise. The experts are then categorized into five tiers. Each tier represents a higher level of expertise, and thus provides a more accurate estimation of your items value. This, however, also means that an expert in a higher tier warrants a higher remuneration for their work.

Finally, the history of ownership for each item will also be recorded on the blockchain, which means that users can also refer to this history to determine the value of an item. As many collectibles increase in value over time, this is a very useful feature of the ViValid platform.

How do the tokens work?

The ViV tokens are the native currency of ViValid, and are used by the owners of items to pay the experts of their evaluation of them.

What is proof of validation?

The Proof of Validation is a system that works on the platform to ensure that both the jobs carried out by the experts and the actual evaluation of the items is being validated. By using the blockchain technology, the decentralized nature of the platform ensures maximum validity. The ViValid website also contains information about how this works in greater detail.

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Frederik Nielsen
Frederik Nielsen

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.

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