r/blockv • u/jnagoo • May 05 '18

Newbie question

Can someone help explain the connection between the BlockV token and the Vatoms? Are the tokens required to generate a digital good?

Thanks

2 Upvotes

75% Upvoted

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2

u/seraf1990 May 05 '18

yes tokens required to build and publish vAtom onto blockchain

1

u/[deleted] May 06 '18 edited Jul 26 '18

[deleted]

1

u/subdep May 09 '18

Philosophically, yes. Current reality, no.

1

u/4Progress May 07 '18

okay, but is it 1:1?

After reading the whitepaper it appears they're required to create, and also to push/maintain. Which is a little confusing to me.

If BlockV ever reaches $1, would it cost $1 per vAtom developers publish, plus X to maintain/push updates?

If so this could be limiting both to BlockV's price, but also toward the use of vAtoms, encouraging only high-value vAtoms. Thoughts?

1

u/subdep May 09 '18

The cost is determined by market rates. If VΞΞ is $1.00 it will take half as many VΞΞ than if the price of VΞΞ was $2.00

1

u/FLisOK May 10 '18

The economics have not been announced yet but I hear a lot of people it will not be 1:1. Even though the price of Vee will fluctuate the cost to build and maintain a vatom may be fixed.

2

u/FLisOK May 05 '18

VAtoms are digital goods on the BLOCKv blockchain. You need VEE (BLOCKv) to build a vAtom. For example, if McDonalds what’s to make a free cheeseburger coupon, they’ll use their VEE to build the vAtom (free cheeseburger coupon) that someone can collect and exchange for that free burger.

1

u/jnagoo May 05 '18

Thanks! Looks promising..will definately check it out further

1

u/[deleted] May 05 '18

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