At the heart of Vivi’s ecosystem is its governance token, $VIVI. The $VIVI token is an essential component of ViviDAO, a decentralized autonomous organization that governs the platform’s operations. $VIVI tokens are used to vote on the introduction of new technologies in the Vivi application, making it a truly community-driven platform. Additionally, $VIVI tokens are required when minting new NFT-glasses, ensuring that the glasses retain their value and rarity.
But that’s not all. Vivi is also planning to launch its own blockchain based on Directed Acyclic Graph (DAG) technology. DAG is a novel approach to blockchain that uses a different data structure than traditional blockchain, enabling faster and more efficient transactions. When Vivi’s DAG-based blockchain is launched, $VIVI tokens that are in circulation on the Binance Smart Chain (BNB) network will be transferred to the Vivi blockchain.
This transition from the BNB network to the Vivi blockchain will require the use of a cross-chain bridge. A cross-chain bridge is a mechanism that enables the transfer of tokens between different blockchain networks. This process involves locking up $VIVI tokens on the BNB network and creating a corresponding amount of $VIVI tokens on the Vivi blockchain.
Once the transition is complete, $VIVI tokens will continue to play a vital role in the Vivi ecosystem. They will be used to govern the operations of ViviDAO and to mint new NFT-glasses on the Vivi blockchain. Additionally, users will be able to stake their $VIVI tokens on the Vivi blockchain, earning rewards for supporting the network.
In conclusion, the $VIVI token is a key component of the Vivi ecosystem, powering ViviDAO and the upcoming Vivi blockchain. It allows users to participate in the governance of the platform and ensures that NFT-glasses retain their value and rarity. The transition to a DAG-based blockchain will further enhance the platform’s performance, enabling faster and more efficient transactions. The future looks bright for Vivi and $VIVI token holders alike.