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Will the current IMVU Credit system go away?
No - IMVU Credits and the ability to purchase, use, and gift them will not go away. VCOIN is simply a new currency option to earn and pay for services rendered by IMVU Producers. For instance, it provides an opportunity for more users (models, editors, bar owners, etc.) to earn real value and convert those earnings into cash.
On what platforms can VCOIN be used?
VCOIN can be purchased, withdrawn, and gifted on IMVU Desktop and IMVU Website, and IMVU Mobile. You can also gift and withdraw VCOIN, as well as access your transaction history through IMVU Mobile (Android and iOS).
What is the price and conversion rate of VCOIN?
IMVU will sell VCOIN at a fixed price of 250 VCOIN for $1.00 ($0.004 per VCOIN).
Do I need upgrades or to signup to convert VCOIN into cash?
No, you do not need to be a VIP user to convert VCOIN into cash. Users who complete the requirements of opting in for Two-Factor Authentication and linking their IMVU account with Uphold will be able to convert their VCOIN to cash, pending review.
To view the full process to withdraw VCOIN to Uphold, please click here.
How does VCOIN work on IMVU?
IMVU has a massive community, with users who have built the world in which they live in. Beyond the offerings that are available on IMVU, IMVU's economy is also made up of IMVU Producers, who provide services on IMVU including editing, streaming, modeling, creating, role playing, and much more. ANYONE who provides a service that enhances someone’s IMVU experience can be a Producer and earn VCOIN.
VCOIN is the currency for all users who provide a service on the platform and also the currency to gift to provide real value.
Users who want to receive VCOIN as their preferred method of service exchange must request VCOIN from their customers. Users who want to send VCOIN must gift through the gifting module on the homepage or send through their VCOIN Wallet.
Will the Earn Money program change with VCOIN?
No - the Earn Money program through IMVU will not change with the addition of VCOIN at launch. Users will still be able to shop directly from Shop with Credits, and IMVU Creators who are part of the Earn Money program will see no change in their account.
At launch, the current Credit payment system and Creator Dev Token program will also stay the same.
VCOIN will simply allow the option for all users to earn real value, by requesting VCOIN for services provided outside of Shop.
Can I exchange VCOIN for Credits?
Yes, you can convert your VCOIN into Credits! Click here to learn more.
NOTE: You cannot convert Credits into VCOIN.
What is the minimum amount of VCOIN that I can gift/receive/withdraw?
At early stages of VCOIN launch, we are limiting the purchase/gift/withdrawal of VCOIN for security.
Purchase
Minimum 250 VCOIN
Gift
Minimum 20 VCOIN
Withdraw
$5/month minimum (1,250 VCOIN)
We are looking forward to increasing these limits as VCOIN continues to be implemented on our platform.
What is the maximum amount of VCOIN that I can purchase/gift/receive/withdraw?
At early stages of VCOIN launch, we are limiting the purchase/gift/withdrawal of VCOIN for security reasons.
Purchase
$1,000/month maximum for 18+ yr old (250,000 VCOIN)
$250/month maximum for 13-17 yr old (62,500 VCOIN)
Gift
Maximum 25,000 VCOIN
Withdraw
$5,000/month maximum (1,250,000 VCOIN)
We are looking forward to increasing these limits as VCOIN continues to be implemented on our platform.
Available Packages (IMVU Desktop/IMVU Website)
$1.00 for 250 VCOIN
$5.00 for 1,250 VCOIN
$10.00 for 2,500 VCOIN
$20.00 for 5,000 VCOIN
$50.00 for 12,500 VCOIN
$100.00 for 25,000 VCOIN
Available Packages (IMVU Mobile)
$0.99 for 250 VCOIN
$4.99 for 1,250 VCOIN
$9.99 for 2,500 VCOIN
$19.99 for 5,000 VCOIN
$49.99 for 12,500 VCOIN
$99.99 for 25,000 VCOIN
Why does IMVU take a percentage of the VCOIN I send or receive?
IMVU takes solely the transaction fee to support our infrastructure costs and payment processing fees.
Will VCOIN impact Dev Tokens?
No, Dev Tokens will not be impacted.
Learn more about VCOIN! |
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