Vow (VOW) is a cryptocurrency project that emphasizes helping merchants and customers transact on the blockchain using their local currencies by converting them into stablecoins. The idea behind the protocol is for merchants all over the world to accept fiat-denominated tokens on the Vow blockchain for payments.
In today’s article, we will take a closer look at the Vow project, and understand how it works. We will also explore the blockchain’s native cryptocurrency VOW, look into its price prospects till the end of the decade, and list exchanges from where you can buy the tokens, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Vow Crypto?
The concept behind the Vow crypto project is to create a stablecoin that can be directly exchanged by merchants and customers without the need for an intermediary, like payment gateways or banks.
As per its whitepaper, Vow aims to make global merchants accept its ‘Vcurrencies’ as a form of payment for their businesses. These are crypto tokens pegged in a 1:1 ratio with the merchants’ respective local currencies.
How Does Vow Crypto Work?
Vow promises that its stablecoin stays true to its corresponding value in fiat currencies. The VCoins get their values assigned when merchant nodes issue them as rewards for the blockchain to accept them back as payments.
In essence, V currencies are decentralized and algorithmic stablecoins in terms of their minting, distribution, acceptance, and governance. Additionally, the tokens can be freely traded with anyone at a mutually agreed price, at P2P, P2B, and B2B levels.
The token’s success is dependent on merchants and buyer transactions being done in V currencies.
What is the VOW Token?
VOW is the native cryptocurrency of the Vow blockchain and it plays a crucial role in ensuring that the network functions properly. The token issued on the Ethereum network follows the ERC-777 standard for fungibility. This makes VOW a settlement token.
VOW has a total supply of 1.131 billion tokens. The total number of coins in circulation and the project’s market capitalization are unknown. In the last 24 hours, VOW recorded a trading volume of $585,061.
VOW Token Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, VOW was trading at $0.8767 – up 2.8% in the last 24 hours.
Based on its current valuation, in 2024, the price of VOW is forecasted to be within a minimum of $0.78 and a maximum value of $1.91. The average trading price of the token this year is estimated to be $1.72.
In 2025, VOW is predicted to trade within a minimum of $1.86 and a maximum rate of $2.26. The token is estimated to trade at an average price of $2.07 during that year.
In 2026, the minimum price at which VOW could trade is believed to be $2.57 while the maximum trading price for the token is expected to be $3.03. During that year, the token could be changing hands at an estimated average of $2.78.
By 2027, it is assumed that VOW could be trading within a price range of $3.35 at its lowest and $4.01 at its highest. The average price at which the token is estimated to trade during that year is $3.67.
In 2028, the average trading price for VOW is thought to be $3.67. The cryptocurrency could be trading within a minimum and maximum price range of $3.35 and $4.01 during that year.
In 2029, the minimum trading price for VOW is predicted to be $4.14 while the maximum price at which it could be traded is thought to be $4.78. The average price for the token during that year is estimated to be $4.72.
In 2030, the average trading price for VOW is expected to be $6.39. During that year, the token is forecasted to trade within a price range of $5.88 at its lowest and $6.53 at its highest.
Where to Buy VOW Token?
VOW cryptocurrency can be purchased and traded on the following exchanges:
Is VOW a Credible Cryptocurrency Investment?
The Vow blockchain is an innovative tokenization concept that aims to bring merchants on board the decentralized digital economy. The project allows merchants and customers to transact on-chain in stablecoins pegged to their respective local currencies.
Moreover, merchants who become part of the VOW chain are issued its native token as a reward, which can then be used to issue the fiat-denominated V currencies.
All things considered, Vow looks like an interesting cryptocurrency project that has a lot of room for growth and adoption. It is recommended that you keep a watchful eye on the protocol.
However, as is the case with any cryptocurrency, the VOW token is also prone to extreme price fluctuations. Therefore, you need to do thorough research before making any investment decision.
Read More: IMVU (VCORE) Price Prediction 2024-2030, Where To Buy, Is It A Good Cryptocurrency Investment?
