Tag Archive for: USDT

VTBCommunity Blockchain Updates: How to check VTBC/VTBT balances in Polkadot Explorer

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VTBDex Updates

 Date: December 14th, 2023

 

VTBCommunity Announcement – Accessing the VTB Blockchain Outside of the VTBDex – How to check VTBC/VTBT balances in Polkadot Explorer

Dear VTBCommunity members,

The VTBCommunity Foundation is committed to transparency with all VTBCommunity members and would like to take a moment to explain how the VTB Blockchain can be accessed without the need for the VTBDex. For this reason, we have created the following guide for anyone wishing to conduct their exchanges without going through VTBDex.

Once again, we wish to express our deep gratitude to all our members for your firm support in making the VTBCommunity a success.

Thank you,

The VTBCommunity Foundation
vtbcommunity.org

How to check VTBC/VTBT balances in Polkadot Explorer

Steps to install the Polkadot-js extension

Step 1: Go to this page

Step 2: Click the download button

Step 3: Click Add to Chrome button

Step 4: Click Add extension

Step 5: Now the Polkadot extension should be installed.

Steps to create an account

Step 1: Click the extensions button in the top right corner.

Step 2: Select the polkadot-js extension. This will open a new popup which will show all your accounts. If the extension is newly installed there should be no accounts yet.

Step 3: Now click the plus ( + ) sign in the top right corner of the popup and select Create new Account. This will open the account creation page.

Step 4: The next page will show your newly created account key (also known as a secret phrase or a mnemonic). The secret phrase is like a password, so anyone with access to the phrase can interact with the blockchain using your account. Copy the phrase to a secure location.

Step 5: Click I have saved my mnemonic seed safely and then click Next step

Step 6: On the next page select Allow use on any chain in the network list, and set a name, and a password for your account. And finally, click on the add account button.

Step 7: Now your account should be added to the extension.

Steps to check the VTBC balance

Step 1: Open this link in your web browser.

Step 2: Click on Developer >> Chain state.

Step 3: Select system from the selected state query drop-down list.

Step 4: Select account(AccountId32): FrameSystemAccountInfo from the next drop-down list.

Step 5: Ensure that your account is visible in the Polkadot js extension.

Step 6: Paste your ss58 account ID into the AccountId32 box or select it from the drop-down list.

Step 7: Now click the + icon in the upper right corner.

Step 8: You will get a response like the screenshot below. The balance mentioned next to free is your VTBC balance.

Steps to check the External Tokens (Eth/Eos/Usdt/Usdc) balances

Step 1: Open this link in your web browser.

Step 2: Click on Developer >> Chain state.

Step 3: Select externalTokens from the selected state query drop-down list.

Step 4: Select account(AccountId32): FrameSystemAccountInfo from the next drop-down list.

Step 5: Ensure your account is visible in the Polkadot js extension.

Step 6: Paste your ss58 account ID into the AccountId32 box or select it from the drop-down list.

A – If you want to check the balance of a single crypto token

Step 7A: Select the crypto token (Eos/Eth/Usdt/Usdc) from the VtbUtilsCurrencyTypesTokenType drop-down list. 

Step 8A: Now click the + icon in the upper right corner.

Step 9A: You will get a response like the screenshot below. The balance mentioned next to balance is your selected token balance.

B – If you want to get all the external crypto token balances

Step 7B: Please close the include option toggle button.

Step 8B: Now click the + icon in the upper right corner. 

Step 9B: You will get a response like the screenshot below. You can see the balances of the crypto tokens in their corresponding structure.

Note: You need to scroll down this response to see all the details.

VTBDex Updates: Addition of USDT (Tether)

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VTBDex & USDT (Tether)

 Date: November 10th, 2022

Available at https://vtbdex.com/

VTBCommunity Announcement – VTBDex Technical Updates – Addition of USDT (Tether)

Dear VTBCommunity members,

We are here to announce an exciting new feature in our VTBDex: the addition of USDT (Tether). VTBCommunity members will now be able to Deposit, Withdraw, Buy, and Sell VTBC using USDT.

We will ensure that everyone can consult our Knowledge Base on the VTB Forum to learn how to buy VTBs using USDT. This fresh VTBC trading feature, which will be in effect by the 16th of November, will be as seamless as with current crypto options.

For those who are not familiar with this particular stable digital currency, USDT (United States Dollar Tether) is a blockchain-based cryptocurrency launched in 2014 that operates as a centralized, fiat-collateralized stablecoin, and is fully backed by Tether’s reserves. Its particular feature of being “pegged to” or backed by the value of the US dollar means, in short, that its price is always equal to that of the US Dollar. USDT is the third-largest cryptocurrency, next to Bitcoin (BTC) and Ethereum (ETH). USDT is owned by iFinex, a company based in Hong Kong that owns the cryptocurrency exchange BitFinex.

This update also brings some significant improvements to the underlying user data structure that streamlines the blockchain transaction speed and throughput. We have enhanced the weight, which translates into “gas” for ETH, of many of our core functionalities, making it possible to put more transactions in a block. This update paves the way for our next steps in development including the addition of other cryptocurrencies.

We are happy about this significant step in the advancement of the overall capabilities of the VTBDex and continue our efforts in adding other relevant cryptocurrencies for our members to benefit from.

As always, we are grateful to our members for their continued support to make the VTBCommunity a success.

Thank you,

The VTBCommunity Foundation