The term Vladimir Club was first used in 2012 on the BitcoinTalk form to referring Bitcoin. The Vladimir club concept was initially applied only to Bitcoin. The Vladimir club originated when a user named Vladimir claimed that owning 0.01 percent of the total supply of Bitcoin was an advantageous idea. The total supply of Bitcoin is limited to a maximum of 21,000,000 cryptocurrencies. It means that any cryptocurrency trader who owns more than 2,100 BTC is considered a member of the Vladimir club.
Unlike today, previously, it was much cheaper to join the club. In 2012, one Bitcoin was worth around 11 dollars. It meant that it required an investment of $23,100 to become a member of the Vladimir club. By the end of 2017, when Bitcoin's price was approaching $20,000, it required an investment of about $42,000,000 to be part of the Vladimir Club. However, to become a member of the Vladimir club in 2022, an investment of 60,900,000 dollars was required. Because, Bitcoin's price was approximately 29,000 dollars at that time.
Initially, the maximum number of members was expected to be 10,000. This estimate was made on the condition that all members would generate and share assets equally. However, the maximum number of members is actually much lower than estimated because some Bitcoin holders have assets larger than 2,100 BTC.
There are several reasons for this:
- Permanent loss of private keys
- Private keys are sent to invalid addresses and cannot be recovered
Permanent Loss of Private Keys
Private keys in cryptocurrency wallets can be lost, in this case, accessing the assets is impossible.
Private Keys Are Sent to Invalid Addresses and Cannot Be Recovered
In some cases, users may accidentally send cryptocurrencies to invalid or inaccessible addresses. This results in the loss of assets.
How Many Members Does Vladimir Club Have?
There is no exact information about how many members the Vladimir club has. It is because cryptocurrency holders have the option to keep their addresses and assets private. At the same time, cryptocurrency holders divide their assets across multiple addresses. Therefore, it is difficult to determine the exact number of members. However, the Vladimir club is thought to have 500 to 600 members. However, these figures are only an estimate and cannot be given as an exact number.
The term Vladimir club is not only used for Bitcoin but is also commonly used to refer to other cryptocurrencies besides Bitcoin. For instance, a user who owns more than 0.01% of Binance Coin's (BNB) maximum supply can be considered a member of the BNB Vladimir Club. Binance Coin's maximum supply is 200,000,000. It means that approximately 20,000 BNB are needed to become a member of the Vladimir club. The maximum number of members of the BNB Vladimir Club will be 10,000.
How to Become a Vladimir Club Member?
Vladimir Club is a symbol used to refer to those who own a certain percentage of the total supply of Bitcoin or other cryptocurrencies. For instance, if you own 0.01% of the total supply of Bitcoin, some people might call you a "Vladimir Club Member." However, this is considered a symbolic expression and there is no formal membership or application process. In other words, by investing in cryptocurrencies and holding a certain amount of them, you can build your cryptocurrency portfolio. However, it is impossible to obtain any official status or advantage such as being a member of the Vladimir Club.
When investing in cryptocurrencies, it is important to understand security, investment strategies, and risks. Investments in cryptocurrency are often subject to market fluctuations and carry the risk of loss of value. Therefore, it is important to conduct careful research and take appropriate security measures before investing in cryptocurrencies.
