VAI
Reputation Ratings

VAI

VAIOT 2-5 years
Website https://www.vaiot.ai/
Browser
OTH RELPs
White Paper
Avg Price
0.00%
1D

$ 0.1984 USD

$ 0.1984 USD

Market Cap

$ 64.266 million USD

$ 64.266m USD

24h trading volume

$ 953,265 USD

$ 953,265 USD

7d Vol

$ 6.9 million USD

$ 6.9m USD

Circulating supply

329.036 million VAI

Related information

Issue Time

2021-04-20

Platform pertained to

--

Current price

$0.1984USD

Market Cap

$64.266mUSD

Volume of Transaction

24h

$953,265USD

Circulating supply

329.036mVAI

Volume of Transaction

7d

$6.9mUSD

Change

24h

0.00%

Number of Markets

35

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Current Rate0

Available

0.00USD

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Historical Price

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-10.85%

1Y

+237.22%

All

-88.99%

Aspect Information
Short Name VAI
Full Name VAIOT
Founded Year 2018
Main Founders Christoph Surgowt, Pawel Andruszkiewicz
Support Exchanges KuCoin, Gate.io, Uniswap, XT.COM, MEXC, BingX, Bitget, Cryptology, CoinEx, AlphaX, ExMarkets
Storage Wallet MetaMask, Trust Wallet
Customer Service Twitter, Telegram, Medium, Discord, YouTube, Github, Facebook

Overview of VAIOT (VAI)

VAIOT (VAI) token serves as the digital currency within the VAIOT ecosystem, a blockchain-based platform offering AI-driven services and intelligent contracts. Leveraging Microsoft Luis, IBM Watson, and proprietary ML algorithms, VAIOT enables automated transactions and contract creation. Integrating with Polygon for scalability, VAIOT ensures efficient and secure operations. The VAI token incentivizes platform usage, facilitating payments, voting, and fee reductions. With a focus on practical AI applications for businesses and consumers, VAIOT revolutionizes service distribution and transactions through its innovative AI assistants and blockchain

To obtain more information, you can visit their website: https://vaiot.ai/en and try to log in or register to use more services.

VAIOT (VAI)'s homepage

Pros and Cons

Pros Cons
Integrates AI and Blockchain technologies Value and use depend on user acceptance and adoption
Offers decentralized AI services Reliance on technology acceptance and infrastructure
Wide sector applications (retail, insurance, legal) Limited to platforms that accept VAI
Useful for smart contracts and legal services

Pros of VAIOT (VAI):

- Integration of AI and Blockchain: VAIOT merges two advanced technologies, AI and blockchain, to provide a unique service. This synergy empowers the platform to offer secure, efficient, and decentralized services.

- Decentralized AI services: Through its platform, VAIOT provides decentralized AI services that are accessible globally. This reduces the need for intermediaries and allows users to interact directly with the services due to the absence of a central authority.

- Widespread sector applications: VAIOT is designed to cater to a wide range of sectors including retail, insurance, legal, and others. This flexibility increases its potential for adoption and growth.

- Useful for smart contracts and legal services: VAIOT leverages AI to deliver legal services and smart contracts. This reduces the time and complexity involved in creating and enforcing these contracts, thereby facilitating smoother transactions.

Cons of VAIOT (VAI):

- Dependence on user acceptance: The value and usefulness of VAIOT are majorly dependent on its acceptance and adoption by users. This creates a level of uncertainty as failure to gain the required user base could impact its value.

- Reliance on technology acceptance and infrastructure: VAIOT's operations depend heavily on the acceptance of AI and blockchain technologies by individuals and institutions.

- Limited to platforms that accept VAI: The usage of VAI, the cryptocurrency of VAIOT, is restricted to platforms that accept it. This limitation reduces the breadth of its usability.

What Makes VAIOT (VAI) Unique?

VAIOT (VAI) brings together two powerful technologies — Artificial Intelligence (AI) and Blockchain — in a unique combination that is not typically seen in other cryptocurrencies. Its innovation lies in the use of AI to enable comprehensive, decentralized, digital services. Specifically, VAIOT harnesses AI to provide Intelligent Virtual Assistant (IVA) services to individuals and businesses across a broad spectrum of industries, including retail, insurance, and legal services, to name a few.

Unlike many cryptocurrencies that primarily serve as a digital medium of exchange, VAIOT aims to provide a more service-oriented platform, with its digital token, VAI, facilitating transactions within its AI-enhanced ecosystem. The platform's offering of an AI legal assistant for smart contracts and legal services is one intriguing example of how it seeks to be distinct.

However, like all cryptocurrencies, VAIOT's effectiveness and real-world utility ultimately depend on factors such as user acceptance, regulatory environment, technological infrastructures and overall market conditions, which also apply to other cryptocurrencies.

What Makes VAIOT (VAI) Unique?

How Does VAIOT (VAI) Work?

VAIOT (VAI) operates on a principle that combines Artificial Intelligence (AI) and blockchain technologies. The aim is to enable comprehensive, decentralized, digital services that utilize secure AI legal assistant for smart contracts and other legal services.

VAIOT's Intelligent Virtual Assistant (IVA) forms the core of its service. Through smart contracts, the IVA provides secure and efficient digital services across various sectors, including retail, insurance, and legal. The integration of AI allows the IVA to process and respond to user requests efficiently and accurately, while the blockchain component ensures the security and transparency of the transactions involved.

The platform leverages the AI technology to foster an intuitive interaction between users and their digital legal assistant. This involves a process where users make requests or commands, and the IVA interprets these requests to perform tasks or provide the necessary information.

The platform's token, VAI, is used as a medium of exchange within the VAIOT network. Users need to possess VAI tokens to access services on the platform, and transactions involving these services are facilitated and recorded on the blockchain.

How Does VAIOT (VAI) Work?

Market & Price

VAI, the native token of VAIOT, is currently priced at $0.352 as of Mar13, showing a 4.79% increase in the last 24 hours. Trading volume stands at $3,368,590, indicating moderate liquidity. VAI's circulating supply is 314,328,612 tokens out of a total supply of 400,000,000.

While it reached an all-time high of $2.42 in May 2021, it's currently trading significantly lower, reflecting a decline of 85.68%. Despite recent fluctuations, its potential utility in VAIOT's AI-driven solutions positions it as an interesting asset for investors.

Market & Price

Exchanges to Buy VAIOT (VAI)

  • KuCoin: Supports various cryptocurrencies with a user-friendly interface and margin trading options.

    Step Description
    1. Create Account Sign up with email/phone number and password on KuCoin.
    2. Secure Account Enable 2FA, anti-phishing code, and trading password.
    3. Verify Identity Complete KYC by providing personal information and ID.
    4. Add Payment Method Choose credit/debit card or bank transfer (after verification).
    5. Buy VAIOT Use the provided options to purchase VAIOT.
  • Bitget: Supports VAI trading with multiple payment methods (credit cards, fiat deposits) and offers spot, margin, and P2P trading.

Step Description
1. Create Account Sign up and download the Bitget app.
2. Verify Identity Complete ID verification for full access.
3. Choose Payment Method Select your preferred option:
* Credit/Debit Card (Visa/Mastercard): Add a new card and pay with 0 fees.
* Third-Party Payment (Diners Club/Discover): Choose this option in “Buy Crypto”.
* Google Pay/Apple Pay: Use your existing balance through “Buy Crypto” -> “[Third Party]”.
* Bank Transfer: Select your fiat currency and payment gateway (iDeal, SEPA, etc.).
* Bitget Account Fiat Balance: Top up using supported gateways and convert to VAI.
* P2P Trading: Choose from over 100 payment methods and trade directly with other users.
4. Monitor VAIOT Check your purchased VAI in the “Assets” section.
  • Gate.io: Offers a wide range of cryptocurrencies with features like margin trading, lending, and staking.

  • MEXC: Growing exchange focused on digital asset trading, supporting VAI with margin trading and staking options.

  • BingX: Provides spot and derivatives trading for VAI, including features like copy trading and staking.

  • Cryptology: European exchange offering VAI trading with a focus on security and compliance.

  • CoinEx: Growing exchange with a wide range of tokens, including VAI, and lower trading fees compared to some competitors.

  • AlphaX: Offers spot and margin trading for VAI with a user-friendly interface and focus on emerging cryptocurrencies.

  • ExMarkets: Established exchange offering VAI trading, but with lower liquidity compared to some larger options.

  • XT.COM: Offers various cryptocurrencies with a focus on emerging markets. Supports VAI trading.

  • Uniswap: Leading DEX built on Ethereum. Requires connecting your own wallet and has higher transaction fees compared to centralized exchanges.

    Exchanges to Buy VAIOT (VAI)

Please note that exchange availability can fluctuate over time based on a range of factors including regulation, exchange policies, and market demand. It's recommended to always check the official website or contact customer service of these exchanges for the most accurate and current information.

How to Store VAIOT (VAI)?

VAIOT (VAI) tokens can be stored in a variety of wallets that support the underlying technology of the token.

  • MetaMask (Mobile/Web): Popular crypto wallet choice, supporting various Ethereum-based tokens like VAI. Offers user-friendly interface and features like token swapping and NFT management. Requires connecting to exchanges for buying/selling VAI.

  • Trust Wallet (Mobile): Mobile-only wallet known for its user-friendly interface and support for a wide range of tokens, including VAI. Integrates with various DEXs for buying/selling crypto.

    How to Store VAIOT (VAI)?

Is It Safe?

You can determine the safety of any cryptocurrency including VAIOT (VAI) basing on certain factors.

  • Project Risk: VAIOT operates on the Polygon network, considered generally secure. However, the project itself is relatively new and evolving, inherently introducing risk.

  • Smart Contract Risk: Vulnerabilities in VAIOT's smart contracts could potentially lead to loss of funds if exploited.

  • Market Volatility: Cryptocurrencies like VAI are inherently volatile, meaning their price can fluctuate significantly, leading to potential financial losses.

Measures to Mitigate These Risks:

  • Research: Thoroughly research VAIOT's project, roadmap, and smart contract audits before investing. Look for independent security assessments to identify potential weaknesses.

  • Store Safely: Choose a reputable and secure wallet to store your VAI tokens. Consider hardware wallets for an extra layer of protection.

  • Invest Wisely: Only invest what you can afford to lose, considering the volatile nature of the cryptocurrency market.

Additional Considerations:

  • Regulation: VAIOT claims to be the first federally regulated digital financial asset in Malta. While this offers some level of oversight, it doesn't guarantee complete safety.

  • Competition: The VAIOT project faces competition from other established players in the blockchain and legal services space.

How to Earn VAIOT (VAI)?

There are several ways to earn VAIOT (VAI) tokens.

1. Cryptocurrency Exchanges: One of the most common ways to obtain VAI is through cryptocurrency exchanges. Users can purchase VAI in exchange for other cryptocurrencies or fiat currencies, depending on the supported pairs on the exchange.

2. Token Swaps: On certain exchanges, users can perform token swaps to exchange one cryptocurrency for another, in this case, VAI.

3. Staking & Farming: Depending on the platform, users can also have the option to earn VAI through staking or yield farming. This involves providing liquidity in the form of VAI tokens or other cryptocurrencies to a liquidity pool, and in return, users earn rewards.

Conclusion

VAIOT (VAI) represents an innovative approach to the integration of AI and blockchain technology, offering a platform for comprehensive, decentralized digital services. These include various sector applications, such as retail, insurance, and legal services, with a focus on employing AI for smart contracts and legal services. However, the success and viability of VAIOT rely heavily upon the acceptance and adoption of these technologies by its user base and various businesses.

The development prospects of VAIOT depend on various factors, including technology acceptance, regulatory environment, and market conditions. An upward trend could be triggered by high user acceptance, a broad field of application, and positive developments in the fields of AI and blockchain technologies. Growth could also be boosted by the successful implementation of the planned services.

As with any cryptocurrency, VAIOT has the potential for monetary earnings, primarily through buying and selling on crypto exchanges, or through other activities like staking. However, whether it can appreciate or depreciate in value is extremely uncertain due to the volatile nature of cryptocurrencies as a whole.

Investors should proceed with caution, taking into consideration the volatile nature of the crypto market. Before investing, a thorough understanding of the technology behind VAIOT, the problem it aims to solve, its development team and future plans, as well as the overall investment climate are essential.

FAQs

Q: What is VAIOT (VAI)?

A: VAIOT (VAI) is a digital currency associated with the VAIOT platform, a blockchain-based service that uses Artificial Intelligence to offer a wide range of services including a secure AI legal assistant for smart contracts and legal services.

Q: How does VAIOT differ from other cryptocurrencies?

A: VAIOT stands out from other digital currencies because of its unique focus on the integration of AI and blockchain technologies to offer a variety of decentralized digital services.

Q: In which wallets can I securely store VAIOT?

A: VAI tokens can be stored in Metamask and Trust Wallet.

Q: On which cryptocurrency exchanges is VAIOT available?

A: VAIOT can be purchased on various cryptocurrency exchanges such as KuCoin, Gate.io, Uniswap, XT.COM, MEXC, BingX, Bitget, Cryptology, CoinEx, AlphaX, ExMarkets.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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2 ratings

Participate in evaluation
Jenny8248
VAI's stability mechanisms and integration with the Terra network make it an interesting asset in the volatile crypto market.
2023-11-27 19:15
1
Ochid007
$ VAI broke out but it wil back most likely , so there will be enough time to buy . I expect a slow up and down . Great project ! $
2023-10-29 01:29
7