VDollar Review: A multipurpose cryptocurrency contracts exchange

Over the last few years, the cryptocurrency market has gained a lot of mainstream exposure, and more and more crypto platforms have become hugely popular. In this article, we thoroughly review the cryptocurrency contracts exchange VDollar.

There are currently over 4,000 cryptocurrencies in existence, with new digital currencies being regularly introduced in the crypto market. But there are only some cryptocurrencies that are popular and used widely around the globe. With the growing trend of cryptocurrency trading across countries, there is also a growing need for well-regulated, comprehensive cryptocurrency exchanges. It is also crucial for exchanges to offer many services apart from various types of trading. VDollar is one such cryptocurrency contracts exchange platform.

VDollar is a multipurpose cryptocurrency contracts exchange

Unlike other cryptocurrency contracts exchange, VDollar offers a multitude of services, including a cryptocurrency exchange, margin trading, OTC, coin-margined, and USDT-margined swap trading. The cryptocurrency contracts exchange has a native coin called vDOLLAR. It is a 4pool Metapool of DeFi. The vDOLLAR is an amalgamation of four stablecoins: DAI, USDC, USDT, and BUSD.

 

Ultra-circular digital currency wallet

VDollar ultra-circular cryptocurrency wallet supports seamless transactions, transfers, deposits, and withdrawals of different cryptocurrencies. The ultra-circular digital currency wallet is a major highlight of the cryptocurrency contracts exchange.

 

VDollar has a unique mining mechanism

The crypto contracts exchange platform has a unique mining mechanism where a 100% transaction fee is put into the USDT Reserve Pool. Every VDollar is pegged to the URP. According to the exchange, the IPO will be issued at a 1:1 corresponding to URP to ensure that each VDollar is anchoring solid underlying assets; the issuance Cap is 10 million, and every Phrase it is halved. For the first issuance, a VDollar will be mined for every 1USDT of transaction fee conversion. The URP has a public on-chain address that all crypto holders own.

 

The crypto platform has a simple user interface

One of the leading crypto contract exchanges, VDollar, is designed to support a simple user interface. The platform suits both professional and new traders. The website is easy-to-navigate and is divided into the following sections: exchange, OTC, Swaps, Margin, and Trading Mine. Currently, the website of VDollar supports English and Chinese languages as of now. The setting icon and language options are visible on the right-hand side of the website.

 

VDollar exchange support several cryptocurrencies 

VDollar exchange platform supports the following cryptocurrencies: BTC, ETH, VD, FIL, DOGE, XRP, BSV, ZRX, DASH, EOS, ZIL, LTC, among several others. The crypto chart displays both high and low trading volume along with a 24hr-volume period. Exchange users also can set limits for ‘take profit’ and ‘stop loss’ for effective risk management. 

 

VDollar is a decentralized exchange

VDollar is a decentralized crypto contracts exchange with provisions for buying and selling cryptocurrencies using fiat currencies. It is also an effective peer-to-peer platform where buyers and sellers can interact for trading cryptocurrency with fiat currency.

Super representative generation mechanism:

Super representatives are elected by voting, with 32 seats, never increasing.

 

VDollar is a well-regulated crypto platform

VDollar is a well-regulated cryptocurrency exchange. The crypto platform is regulated and licensed under Singapore’s ACRA and the USA’s MSB from the Financial Crimes Enforcement Network (FinCEN), which belongs to the United States Department of the Treasury. The highly regulated crypto platform makes it trustworthy among its users. However, according to VDollar’s terms and conditions, it does not support users from those countries that consider cryptocurrency trading illegal.

 

How VDollar compares with Binance and its native coin

VDollar can easily be seen as a reliable alternate to Binance. VDollar’s native coin in many ways overshadows BNB. While vDOLLAR is verifiable and transparent, BNB is not. VDollar supports 100% of the transaction fees in the platform token, an option that BNB does not have. The future looks more favorable to vDOLLAR than BNB, given the varied amount of features it provides to its users. Also, VDollar does not charge any fee for deposits made.

 

Conclusion:

In a world where cryptocurrencies are being introduced almost every day in the crypto market, it is important to filter out what platform and which cryptocurrency will stand the test of time. After thoroughly reviewing the VDollar platform, it can be said that the crypto platform has a great future without any restraint. 

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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