Published
2 years ago on
August 05, 2021
You’ve heard of vanity number plates for the automobile industry. Now, $VNY is bringing customisation to cryptocurrency by offering a one-stop shop for vanity wallet addresses. They aim to launch the first iteration of the shop in the coming weeks, and later a full marketplace where investors can buy, sell and trade vanity wallets as wrapped NFT’s. The $VNY token itself will be used as a currency for these transactions.
The Vanity project is the first of its kind, offering wallet customisation in one place for Bitcoin, Ethereum, Binance Smart Chain, Litecoin and Dogecoin blockchains. They aim to attract beginner and established investors alike with their simple to use $VNY tool. The method they use to create wallets is trustless, meaning that only the final user of the wallet will have the private key or seed phrase. Details on the process can be found on vanitytoken.net.
Example addresses - such as ‘Satoshi’ for bitcoin (1SaToShiYPiWYEevVwxYG6hkDfAT9N9Fy) and ‘Coffee’' for Ethereum (0xC0FFEE1268A4aAe653a4a9Ca81e183dCCAD1a029)
- havebeen generated for each blockchain that Vanity offers. Some personalised BSC wallets are already in use by competition winners from the Vanity community.
Vanity wallets can be bought from vanitytoken.net from early August , but investors can buy the $VNY token on the binancesmart chain from pancakeswap in the meantime, where liquidity has been locked for 3 years. The token itself ($VNY) will be usedas currency in the shop but the amount of vanity will vary sinceprices of the wallets will be pegged to USD. The $VNY smart contract has been audited by Solidity.Finance and incorporates a 10% transaction tax: redistributing 4% to holders, 2% to the locked liquidity pool, 2% to a burn address and 2% to the marketing/dev wallet. These ‘tokenomics’ reward investors for holding, increasing their holdings with each transaction.
The Vanity project does not plan to stop at the marketplace. New blockchain integration is key to the expansion of the project and the team are already working on offering customised Cardano chain wallets. Other aspects for the future of the project are still being kept under wraps, but holders of $VNY can be assured that there is more to come.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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