DataMine wrote:

@DerekersWhat makes you think that?

VCOIN is IMVU's newest digital currency. Built on blockchain technology, VCOIN can be purchased, earned, and exchanged within the IMVU platform -- it can be transferred off the platform and converted to cash!A cryptocurrency is a digital asset (and is digital money) that holds real value and can be securely stored, sent, and received through peer-to-peer transactions globally. Through an exchange, like Uphold, it can be converted into cash for real value.IMVU is creating an economy where users can earn real value from the tokens they play with. Unlike other in-game currencies, like Credits, users can convert VCOIN into real money without being in the Earn Money program. On IMVU, users can send each other VCOIN for digital services such as badge creations, edits, streaming services, or solely as a gift.

VCOIN is not bound to a single platform. While it originates from the IMVU economy, users can also transfer it outside of IMVU and convert it into cash.IMVU will maintain a consistent purchase and buyback price which should lead to little fluctuation of VCOIN.

At launch, 250 VCOIN will be equivalent to one dollar (USD) or four cents a tokenVCOIN is broadly available in the US and in more than 150 countries. And, while at launch, users in a few select states and countries will be unable to buy VCOIN or transfer it out of IMVU at launch, our team is working to quickly expand its availability. However, all users can still send and receive VCOIN from other users while on the IMVU platform. VCOIN is an ERC-20 token on the ethereum blockchain. Ethereum is the world's most widely used and secure blockchain network.

IMVU also has security measures put into place for your account to ensure your safety. With Two-Factor Authentication (2FA) and Uphold Account verification, VCOIN is stored securely in your VCOIN Wallet.VCOIN is now available on IMVU Desktop and IMVU Next! This launch features full functionality, including buying, gifting, earning, and transferring to other platforms. To purchase VCOIN,To date, there are no other cryptocurrencies that offer the simplicity and value that VCOIN brings, and this new technology is available FIRST on IMVU, launching in the massive IMVU economy. We believe it can change the very nature of digital and virtual economies through enabling more users to earn on IMVU and beyond.

VCOIN is unique in that it is a cryptocurrency that does not require a complicated cryptowallet. It is built into IMVU and can be easily purchased with a credit card, and immediately used on the platform.

Users can also transfer VCOIN out of IMVU with a few clicks - opening up the endless possibilities of cash, exchanging with other cryptocurrencies, and use in other platforms. At launch, IMVU will be the first platform where users can transact with VCOIN. Users will be able to purchase, gift, and withdraw VCOIN on IMVU Desktop and IMVU Next. This allows our users FIRST access to the new offering.

VCOIN, however, can also be taken off-platform and traded with other cryptoholders or used to pay for services outside of IMVU, through our partners at Uphold. We expect VCOIN to be used and accepted within many games and virtual communities in the future.

VCOIN is a new digital currency designed for the Metaverse. Launching in January on the IMVU platform VCOIN will provide another digital currency for users on the platform. Yet unlike the usual in-game currency, VCOIN is a cryptocurrency built on the Ethereum blockchain and adhering to the ERC-20 standard — which opens up more possibilities for users, earners and anyone that participates in the virtual economy.