What Is Vemate (VMT)? Price, History & How To Buy

Vemate (VMT) is a fresh NFT-focused crypto project that aims to bring NFTs closer to the masses by enabling users to buy, sell, monitor, and browse these investments from a single interface. Vemate aims to simplify the NFT market so that everyday crypto users and newcomers can easily grasp how NFTs work and get wholesome exposure to the market. 

The project aims to become a one-stop shop for everything related to NFTs and onboard millions of new users onto the NFT market. The team behind Vemate is doxxed and consists of experienced professionals from the blockchain, business, and NFT industries. 

How Vemate Works

The Vemate project is still in its infancy, and the developer team has yet to implement the various features it promised. However, even with the current features, the project is off to a good start. For now, the developer team has launched the Vemate mobile app for Android and iOS devices in advance of the VMT token’s market debut. Users now have access to the first version of the Vemate app, as well as the VMT tokens.

The Vemate app enables users to browse NFTs, analyze their traits, and view floor prices and price swings in percentages. The app is free to use and currently offers very limited NFT monitoring functionalities because it’s in the beta phase.

In phase 2, the Vemate team will introduce the new version of the app, which will serve as a gateway to all NFT-related operations by pulling data from numerous reputable NFT marketplaces. Eventually, Vemate will become a separate NFT marketplace with a simplistic design and smooth user interface to enable crypto beginners to easily engage in NFT trading.

The Vemate crypto project has three pillars: information gathering, trading analysis, and the Vemate NFT marketplace. 

The app will act as an aggregator of NFT data from various sources across the market and conduct trading analysis, and digest the NFT data to help users gain insight into the profitability of specific NFT collections. Users will be able to conduct their own analysis of market charts and indices with the help of the Vemate Guided User Interface. 

Finally, through the Vemate marketplace, users can immediately purchase NFTs once they make a decision.

What Is Vemate (VMT) Used For?

Vemate is an NFT gateway that unites all NFT-related features in one app. Instead of using multiple apps to gather information, analyze data, and purchase NFTs, you can do it all from one interface. 

Vemate is used for gathering NFT-related information. The app will digest NFT news and present them in an easy-to-understand way, so users don’t need to learn complex terminology.

The Vemate app offers free insights regarding Veve NFTs. The Veve NFT marketplace app is connected to Vemate, and for now, users can monitor licensed NFT collections available on Veve, such as Coca-Cola, Givenchy, Disney, Marvel, and others. The plan is to drastically expand the scope of covered NFT collections in the future.

According to the developer team, the app features are just a taste of what Vemate has in store for users. Eventually, the app aims to become an NFT marketplace geared toward beginners and average crypto users who aren’t too familiar with NFT terms.

The VMT token is the utility token of the Vemate app and network. Token holders get to vote on the project’s development direction and propose new platform features. Users will also get access to Vemate premium features if they hold a specific amount of VMT tokens in their crypto wallets. 

Where to Buy Vemate (VMT)?

Vemate is only available on the PancakeSwap decentralized crypto exchange platform. The official Vemate website claims the project will soon be listed on Gate.io, one of the leading centralized exchange platforms. 

According to the VMT page on CoinMarketCap, users can only purchase VMT with Wrapped BNB (WBNB). To buy VMT, you need to buy some BNB with fiat currency on a centralized crypto exchange or through your crypto wallet. Then, you need to connect the wallet to PancakeSwap.

Once connected, exchange your BNB for WBNB to be able to exchange it for VMT tokens next. To add VMT tokens to your wallet, just paste the token’s BEP-20 contract address from the VMT page on CoinMarketCap, and your wallet will display your VMT balance.

How Long Has Vemate (VMT) Been Around? 

Vemate is a totally new crypto project, and it was launched on the market on October 25,  2022. 

What’s Controversial About Vemate (VMT)?

Vemate is a new crypto project with a relatively small online community. The project looks promising because it plans to offer authentic and useful features regarding NFTs. However, as with all new cryptocurrencies, there’s a risk that the project could go sideways.

How Many VMT Tokens Are There?

There are 150 million VMT tokens in total. As much as 40% were released onto the market through the presale event, while the developers will release another 25% during the project’s first three months. A portion of the tokens will be used on listing fees and project liquidity. Another 10% is allocated to the VMT private sale, 8% for marketing purposes, and a total of 17% for CEX listing, partnerships, and airdrops. 

Can VMT Be Mined?

No, you can’t mine VMT. All of the coins have been produced upfront by the Vemate developer team, and there won’t be any additional coins.

Market Cap and Price History of Vemate (VMT)

The market cap of VMT is nearly 9 million USD, according to CoinMarketCap.

At the time of the token’s launch, the price of VMT was 0.062 USD per coin. VMT managed to reach the price of 0.069 USD on the first day of its launch but later fell to around 0.052 USD per token. 

Biggest Competitors of Vemate (VMT)

VMT has many competitors in the crypto market regarding NFTs and NFT marketplaces. The competitors include major NFT platform tokens, such as Gala Games (GALA), Enjin Coin (ENJIN), and smaller but reputable NFT marketplaces, such as SuperRare (RARE). 

What Does the Vemate (VMT) Project Road Map Look Like?

Vemate has a thorough roadmap that looks very promising. The developer team launched the Vemato app before the token’s market launch, so the next stage is to introduce Phase 2 of the project. This phase includes the NFT information-gathering software, which will have a similar form to CoinMarketCap, but instead of cryptocurrencies, it will pull information from NFT markets.

In December 2022, the team plans to introduce a beta feature similar to the trading interfaces on crypto exchange platforms. The interface will display information about NFTs as well as market analysis tools. In January 2023, the team will launch the final version of the information gathering and market analysis interface. 

From February to May 2023, Vemate will be launching its own NFT marketplace as the final stage of the project’s roadmap. Users will be able to trade, mint, and monitor NFT collections on Vemate, with special features for VMT token holders.

Pros and Cons of X (Y)

Pros

• NFT information gathering features.
• Plans to become an NFT marketplace.
• Already available mobile app for Android and iOS devices.

Cons

• A new project with limited features. It remains to see whether the developers will deliver the milestones they promise.