VEDA is a comprehensive application ecosystem built on top of physical storage services. It primarily addresses the issues of invalid content storage and space wastage prevalent in typical Proof-of-Capacity (POC) blockchains, making it the most trusted intermediary for internet data storage in the 5G era. VEDAs applications encompass personal and corporate private cloud storage, and through the VEDA platform + applications, it enables the entire cycle of storage, production, trading, and consumption, forming a comprehensive ecosystem based on physical storage services. It is dedicated to creating a decentralized big data cloud storage application development platform.
The VEDA token, as the sole value流通 token within this ecosystem, features a halving incentive every four years. In the first four years, a maximum of 180,000 tokens can be mined daily.