What is Vine Coin (VINE)?

2025-01-26 08:55:08
Beginner
Quick Reads
Vine Coin (VINE) is a cryptocurrency issued by Vine co-founder Rus Yusupov, aiming to pay tribute to the once popular short video platform Vine globally, and to continue its spirit in the decentralized financial and social media fields. The VINE token not only carries users' nostalgia for the Vine platform, but also symbolizes a new era of creative expression and freedom of speech. Its unique brand emotion connection, support for freedom of speech, and technological advantages make it stand out among social media tokens.

Preface

At the intersection of cryptocurrency and social media, Vine Coin (VINE) emerged as one of the most anticipated meme tokens of 2025. Issued personally by Rus Yusupov, the original founder of Vine, this token is not only a digital asset, but also a cultural phenomenon full of nostalgia and innovation.

What is Vine Coin?

Vine Coin is a token released by Rus Yusupov, co-founder of the short video platform Vine, on the X platform. Vine is a free mobile application owned by Twitter (now X) and was launched in 2012. It allows users to create short videos up to 10 seconds long and share them on social networks such as Twitter and Facebook. Its short video feature quickly gained popularity worldwide, attracting millions of users and giving rise to a plethora of creative content and internet celebrities. However, in 2016, Twitter announced the closure of the Vine platform as part of its company restructuring plan, marking the end of an era, although the uploaded videos will not be deleted.

Today, as a tribute to the Vine platform, the VINE token not only carries people’s nostalgia for this memory, but also symbolizes a new era of creative expression and freedom of speech. Rus Yusupov, one of the co-founders of Vine, hopes to extend the spirit of Vine to the decentralized financial and social media fields through this cryptocurrency.

Origin history

Establishment and Acquisition

Vine was founded in June 2012 by Dom Hofmann, Rus Yusupov, and Colin Kroll, and was acquired by Twitter in October of the same year for $30 million, becoming one of the important layouts in the short video field at that time.

Rapid Rise

In January 2013, Vine officially launched on the iOS platform and quickly became popular, becoming one of the most downloaded free applications on the App Store. In June of the same year, the Android version was also officially released, further expanding its user base.

Peak and Decline

By 2015, Vine had over 200 million active users, reaching its peak of development. Due to a lack of effective profit model, as well as the rapid rise of competitors like Instagram and Snapchat, users and creators gradually lost, leading to the platform’s decline.

Close and Transform

In October 2016, Twitter announced the closure of Vine and officially discontinued its service in January 2017. Vine then transformed into ‘Vine Camera’, where users can only share 6-second videos through Twitter and it no longer operates as an independent social platform.

Heritage and Influence

Although Vine has closed, its pioneering short video format has had a profound impact on the social media field. Many subsequent short video platforms, such as Instagram and TikTok, have drawn on Vine’s model. More importantly, many Vine creators, such as Shawn Mendes and Lele Pons, gained fame through the platform, further solidifying Vine’s position in internet culture.

Although Vine had a short lifespan, its innovative short-form videos and community culture have left an indelible mark on the social media landscape.

Highlights and market trends

VINE token has quickly attracted market attention since its issuance, with its market value surpassing 100 million US dollars within hours and soaring to 240 million US dollars at one point. The token is known as a symbol of creative expression and freedom of speech, and promises to donate all profits to the X platform. This altruistic initiative has enhanced its reputation in the cryptocurrency market and attracted the attention of more investors. It is worth mentioning that VINE token uses the Solana blockchain, providing an efficient and low-cost trading environment, which is a significant advantage compared to many tokens that use Ethereum. In addition, the founder has promised not to sell the tokens held by developers, further consolidating users’ trust in its transparency and community spirit.

Project Features

  • Short Video Format:

The core feature of Vine is 6-second looping videos, users can control the recording and editing of videos through touch screen, supporting segment shooting and splicing, suitable for creating creative content.

  • Seamless Sharing:

Users can share videos on social platforms such as Twitter and Facebook, and the videos will be automatically embedded in tweets for easy dissemination.

  • Creative Tools:

Vine offers simple editing tools such as grids and ‘ghost image’ tools to help users achieve stop-motion animation effects.

  • Community and Trends:

Vine allows users to browse videos categorized by topics and supports the ‘Revine’ feature (similar to Twitter’s ‘retweet’) to help content spread quickly.

Unique Value

The reason why VINE token stands out among social media tokens is mainly due to the following points:

  • Brand Emotional Connection

As an extension of the former short video platform Vine, VINE token comes with a user base and brand nostalgia effect, which gives it a natural advantage in the market with emotional value.

  • Support freedom of speech

VINE token advocates freedom of speech and decentralization, providing a more open platform for content creators without worrying about content censorship or centralized control.

  • Creative expression and technological advantages

The VINE token embodies the spirit of encouraging creative expression on the Vine platform, and combines this concept with blockchain technology to provide a more free creative environment, while reducing transaction costs and improving transaction efficiency, further enhancing the user experience.

Token Information

According to the data before the deadline of SOLSCAN (2025/1/26):

  • Token Name: VINE
  • Total supply: 964,992,081
  • Token Address: 6AJcP7wuLwmRYLBNbi825wgguaPsWzPBEHcHndpRpump
  • Token holders: 140,187

Gate.com spot trading has launched VINE, trade now:https://www.Gate.com/trade/VINE_USDT

According to CoinGecko data as of the deadline (2025/1/26), the market value of Vine Coin (VINE) is approximately 392M, and its price has fluctuated significantly in the past month. Trading needs to be cautious and pay attention to risks.

Future Outlook

The performance of the VINE token in the market is remarkable, and it has attracted further attention due to its potential relevance to Elon Musk’s remarks about the restart of the Vine platform. In the future, the VINE token is expected to play a greater role in content creation, community governance, and decentralized finance.

Summary

The VINE token is not only a nostalgia for the past Vine platform, but also a commitment to future creative expression and freedom of speech. It integrates nostalgia, innovative technology, and decentralization, providing a brand new interactive platform for global content creators. When participating in the VINE token ecosystem, cautious investment and proper planning are key to driving this digital revolution together.

Author: Allen
Reviewer(s): Max
Disclaimer
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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