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The well-known blockchain TomoChain, which has been around for five years, has now been rebranded as Viction. Although there are outside forces that cause volatility in the blockchain world, the decision to change has been well thought out and cultivated. Their strong desire to have a more significant influence on people and the Web3 community is the driving force behind this move, in addition to its necessity.
About Viction
Viction is a Layer-1 blockchain dedicated to community, education, and accessibility and has the potential and motivation to influence, empower, and enable people.
Viction was created with the user experience in mind, providing zero-gas transactions, speed, security, and scalability priority to promote a safer and transparent world.
Viction speaks of its scalability and stability with a Proof-of-Stake (PoS) network of 150 masternodes. It uses cutting-edge methods to improve security and chain finality, including double validation, smart contract staking, and appropriate randomization. Viction facilitates atomic cross-chain token transfers and all protocols and smart contracts compatible with the EVM.
Viction presents the TRC25 token standard, which eliminates the requirement for gas fees while using tokens, hence streamlining token operations. Since the token itself can cover network expenses, this innovation enables users to carry out token-related operations without native tokens, making it easier for a larger audience to adopt the Web3 world without having to deal with gas fees.
Viction aims to build a decentralized platform that enables people to interact, cooperate, and create without boundaries, which envisions a world where growth, transparency, and accessibility are encouraged.
4 Things to Remember Before Choosing a Crypto Exchange in India for Viction (VIC)
You must do thorough research when choosing a crypto exchange to invest or for crypto trading in India. You must research the authenticity of the platform and the credibility of the team behind it before deciding on an exchange to invest in Viction in India.
You should also ensure the platform provides the following before investing in Viction:
- The exchange’s website/app has a simple user interface and is easy to use.
- The exchange supports Viction trading pairs.
- The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
- The exchange offers reasonable trading fees to buy crypto in India.
Now, let’s see how you can buy Viction (VIC) tokens in India from the most trusted exchanges in India in 2023.
Buying Viction (VIC) Tokens in India in 5 Easy Steps
Below are a few simple steps you can follow to buy VIC tokens in India with WazirX, India’s most trusted and widely used crypto exchange.
The best way to buy VIC tokens is by depositing INR in your WazirX wallet. Alternatively, you can also buy VIC using P2P trade; to get answers to all your queries related to the P2P trade, click here!
Step 1 – Sign-Up on the WazirX platform
To begin buying and selling VIC, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.
For your reference, here’s how you can open an account on WazirX.
Step 2 – Set up your account security by verifying your email address.
This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.
Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.
Step 3 – Complete the KYC process.
After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.
Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.
Step 4 – Add funds to your WazirX wallet.
To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”
You can deposit INR using any mode (NEFT/ RTGS/ IMPS).
You can also buy VIC through P2P to the WazirX wallet. The VIC will act as funds to help you buy your favorite Cryptos.
Step 5 – Finally, buy VIC on WazirX.
You can now easily purchase VIC tokens using INR Deposits. In the case of P2P trade, check the VIC to INR rate from here and VIC to USDT from here.
After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.
Click “Buy” after entering the amount and checking the total INR amount to be paid.
Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the VICs using P2P.
It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the VIC tokens you purchased in your WazirX wallet.
Happy Trading!
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.