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Information about "Vyvo Coin"
What Is Vyvo Smart Chain (VSC)?
Vyvo Smart Chain is a HealthFi ecosystem that encourages and rewards healthy lifestyle choices by allowing users to monetize their health data. The network operates on a unique validation protocol known as Proof-of-Sensing (PoSe), which is designed to ensure complete privacy, full decentralization, and the ability for users to earn from their personal health information.
The VSC token serves as the native utility asset within the ecosystem, used for:
- Paying fees associated with transaction processing and data storage.
- Operating validator nodes on the network by staking VSC tokens.
- Compensating users for their contributions of health metric data.
The VSC token serves as the native utility asset within the ecosystem, used for:
- Paying fees associated with transaction processing and data storage.
- Operating validator nodes on the network by staking VSC tokens.
- Compensating users for their contributions of health metric data.
How Many VSC Coins Are There in Circulation?
The Vyvo Smart Chain mainnet went live on December 14, 2022, initially creating 10 billion $VSC tokens at its inception. Each year, 1,200,000,000 additional $VSC tokens are minted to support the network's operations as epoch rewards, with 20% allocated to validators (equivalent to 4.5% of the total) and 10% designated for ecosystem operations (0.5% of the total). A 35% fee from any NFT minting transactions is permanently removed from circulation. The total supply is capped at 20,101,648,050 $VSC, with a halving event occurring every four years.
Who Are the Founders of Vyvo Smart Chain?
Fabio Galdi serves as the CEO and co-founder of the VSC Foundation. With a background in computer science and telecommunications, he graduated in 1992 from Italy's ITIS G. Marconi Technical and Industrial College with a degree in Computer Science. In 2005, he established his first network marketing company, Telme Communication Pte Ltd, focusing on telecommunications. Telme expanded to over 50 countries, boasting more than 250,000 subscribers, 75,000 distributors, and generating over $100 million in revenue. Galdi launched Vyvo Smart Chain in 2019 and has remained the CEO ever since.
Mariana Krym, another co-founder, serves as the Senior Vice-President of Blockchain Strategy at Vyvo Smart Chain. She began her career in 2008 as Vice-President of Digital Media at IMS Internet Media Services. In 2018, Krym founded her own venture, Krym Consulting, successfully collaborating with companies like Waze (now part of Google), Twitter, Spotify, Snapchat, and LinkedIn. She teamed up with Fabio Galdi in 2017 to create the Vyvo Smart Chain, the pioneering decentralized blockchain based on health data.
Mariana Krym, another co-founder, serves as the Senior Vice-President of Blockchain Strategy at Vyvo Smart Chain. She began her career in 2008 as Vice-President of Digital Media at IMS Internet Media Services. In 2018, Krym founded her own venture, Krym Consulting, successfully collaborating with companies like Waze (now part of Google), Twitter, Spotify, Snapchat, and LinkedIn. She teamed up with Fabio Galdi in 2017 to create the Vyvo Smart Chain, the pioneering decentralized blockchain based on health data.
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