VuPrice

(VU)

The VU token serves as the core utility asset for the Vu Protocol, a decentralized platform dedicated to censorship-resistant journalism. It is primarily used to reward contributors who submit validated news content. Additionally, participants acting as 'Verifiers' are required to stake VU tokens to vote on the authenticity of submissions. The token also functions as a governance tool, granting the Vu DAO the authority to decide on protocol upgrades and future development paths.

The Vu Protocol utilizes Zero-Knowledge (zk) proofs to facilitate anonymous news submissions. This advanced cryptographic technology allows users to verify their credentials or identity without revealing personal data. By maintaining complete privacy, the protocol protects journalists and sources from potential retaliation. This feature is a major point of interest for privacy advocates, as it allows for the secure reporting of sensitive information in a decentralized environment.

Staking VU tokens allows users to participate in the network's validation process and earn rewards. The protocol features a multiplier system designed to incentivize long-term participation. This system increases the reward weight based on the duration of the token lock-up; essentially, the longer a user commits their tokens to the protocol, the higher the rewards they receive. This mechanism helps stabilize the ecosystem by encouraging participants to maintain their stake over longer periods.

Velvet Unicorn (VU) is an AI agent built on a specialized protocol that acts as an autonomous hedge fund manager and researcher. It utilizes a swarm of statistical models and LLMs to scan on-chain data and social sentiment across various platforms. Users can interact with the agent using natural language commands to analyze charts or suggest rebalancing strategies. It functions as a 'trading co-pilot,' providing deep-sea alpha and data synthesis for users in the DeFAI space.

The Velvet Unicorn project incorporates an 'AI inference fee' for every research query or automated trade the agent executes. A portion of the VU tokens spent on these operations is permanently removed from circulation through a burning process. This deflationary model ensures that as the AI agent's utility and usage frequency increase, the total supply of the token decreases, creating a direct link between the agent's technical performance and the token's circulating supply.

VU tokens are available for trading on major global exchanges, including LBank. To ensure the safety of user funds and the integrity of the protocol’s complex code—specifically its zk-proofs and AI inference contracts—the project undergoes rigorous security audits by firms such as CertiK or Hacken. Investors are encouraged to monitor official project channels for airdrop announcements and to verify all contract addresses on the Ethereum or Base networks before participating in staking or trading.