The Vid Foundation, the company behind the Vid social media app that rewards users, revealed his plans to allow more wagering on his VI token.
Jag Singh, CEO and Co-Founder of the Vid Foundation, said in a post that New stakers could join Vid and bet their tokens.
Singh said that Starting September 1 and for the next three months, Vid will open a stake for 14 million Vi. He stressed that the current stakers will not be affected by the move and that the APR will stay the same.
Vid will also work on other improvements to your applicationThis includes fixing issues that were occurring with the VID app, marketing the app, converting VI to an in-app currency, launching Verified Influencer / Creator accounts in Vid, and publishing a white paper. Singh said that The company also wants to add features to get to know their customers for in-app withdrawals.
Singh said that expects one million users for the Vid app in the next three months.
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