VirtualCoin (VCOIN) Price



Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Together Labs' IMVU is a blockchain-based metaverse/world-building game. VCO is a fiat-convertible ERC-20 token similar to a stablecoin.VCO enables players to participate in building their universe e.g. creating 3D avatars and purchasing collectible items. 

IMVU sells VCO on the platform at a fixed price of 250 VCOIN for $1.00. VCO holders can convert their VCO into fiat currency by selling their VCO at the same fixed price minus a transaction fee of 10%, subject to terms and conditions. 

According to their official website, ‘IMVU will maintain a consistent purchase and buyback price which should lead to little fluctuation of VCO’.

IMVU initially created a supply of 12.5 billion VCO.

However, IMVU has stated on their official blog that they have the “ability to generate more VCO to ensure adequate supply to maintain the fixed price and eliminate any incentive for speculation, which will ensure the best experience for our users”.

The VCO token went live in January 2021. 

Daren Tsui serves as Together Labs’ CEO, and Will Harvey is Co-founder and Chairman. Tsui’s previous roles include SVP of Content and Services at Samsung, as well as being CEO and founder of SkyGo and mSpot. Will Harvey studied Computer Science at Stanford University, and wrote the first commercial sheet music processor for Apple home-computers, as well as two games for Apple. Harvey also founded There, Inc., an MMOG company.

Risks of VCO

Like an investment in other crypto assets, there are some general risks to investing in VCO. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in VCO is subject to the following specific risks:

  • VCO’s fixed value depends on IMVU’s continued ability to maintain the token’s price, and prevent volatility. There is still a possibility of the VCO token temporarily deviating from its peg in times of significant volatility or disruptions to the custody provider’s financial stability. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with VCO. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The VCO community and Together Labs are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of VCO have no recourse to the VCO community, Together Labs, Together Labs team, or Uphold if VCO declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing VCO on the Uphold Platform, Uphold performed due diligence on VCO and determined that VCOis unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of VCO, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of VCO.
  • Any marketing materials put forward by the VCO social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with VCO, including any code defects, security breaches and other threats concerning VCO and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with VCO, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of VCO. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy VirtualCoin (VCOIN)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

Get more coin for your coin

0% withdrawal fees

Low spreads

Learn more