We live in a world where the only constant thing is change. However change is inevitable, but growth is optional. Whether we embrace that which will bring about growth in the world we are in or not, there will surely be change. Blockchain technology is the change we want to see in the world and until we realize this, we might not be able to attain the desired change we crave for, most especially in the world economy. Many world leaders know this, except they are being hypocritical about it. Also blockchain technology has been seen to be highly competitive with so many models used by industries, companies, firms and organizations, because it has a higher potential to solve problems and has been proven to give better result, most especially on economic issues that need transparency, trust and reliability, as well as when cost implication is put into consideration.
I envisage that a time will come that the driving force behind the growth of an economy, will be nothing but blockchain, accompanied with cryptocurrency. However, the tools used as a driver for the mass adoption of cryptocurrency and blockchain technology are the different projects that are launched in the crypto world. Although, some projects are just mere airbags, that come and disappear within a short while, without making any meaningful impact. While some projects are the real essence of development, such as bitcoin, Ethereum, Ripple, Vechain ad many more, which is why till date, they are still very much relevant, despite all antagonisms. This is why I will be introducing to you another new, yet already in use, impactful, change driver and great project, called Verasity.
An Insight on Verasity
Little do I wonder that despite how some projects struggle to succeed, some still find it very easy to climb the ladder of success like other successful ones. The reason is not far fetched from the fact that these projects have found real-world use cases and have been able to make meaningful impacts. These projects can add value in the long term, which is why I am not surprised why verasity is making progress and moving towards making a great wave in the crypto space.
Verasity is a leading video platform with direction and this is geared towards solving some main and lingering problems in the online video space, by providing the necessary and adequate infrastructure and tools for video publishers to serve rewarded video and loyalty programs to their viewers. It is not a self-centred project like we have seen in other online video platforms, rather it caters for the needs of all the parties involved, most especially allover the world.
Why Verasity?
Monopoly is one of the major problems that has characterized so many industries and their platforms, with no exception of video platforms. This is not as if there is just one platform, but that any other new platform that seems to be competitive is most time usually bought by the big players. This then leaves publishers, content creators and broadcasters at their mercy. They determine what is done per time and what would be the returns in terms of profit for the real work owners. This to led to lots of complaints on the part of creators because they no longer have full right on what belongs to them.
The effect is not only felt by the owners of contents alone but that consumers and audiences also pay exorbitant rates to access the contents, without incentives, rebates or any form of encouragement. Some times, it can limit their access to quality contents and gradually loss of interest.
Well, despite all odds the revenue of this industry is increasing, but complaints are also on the increase. So before the industry, creators, advertisers, broadcasters, audiences and other key players who have been contributing their quota to the growth of video platforms become adversely affected and before the effect is advertently felt, a global solution is already made available by Verasity through blockchain technology, by disrupting the existing conflicting interest in the industry.
The uniqueness of Verasity compared to Others
It is a rare occurrence these days to find projects that have their minimum viable products released, let alone having a fully developed and functional product. This is a different case with Verasity. This project already has a fully functional product that is already in use, with very important features. This is to tell you that it has fulfilled the major parts if its roadmap, which is not so common in the crypto space.
This project is also one of the few projects, whose indigenous token VRAB has a use case and has what it takes for the value and price to increase. However, VRAB is the Bep2 token version (swap) of VRA (an ERC20 token). Which means VRAB has adopted the Binance chain for its development. Which is a step further, towards making this project a remarkable one. Therefore, both are tickers of Verasity.
How to Swap VRA to VRAB
If you are a holder of VRA or that by chance you bought it on the exchange, you can choose whichever means you prefer to get VRAB.
⚫️First, you can get it done by yourself. Perhaps you have staked VRA on verawallet.tv, you can unstake it, convert to VRAB and proceed by staking the VRAB.
⚫️Conversely, you can request the team to get it done on your behalf, by email to support@verasity.io. Which means that the team will convert the staked VRA to VRAB, that is also automatically staked. Well, this particular option might take up to seven (7) days if Verasity team is requested to do it for you.
⚫Good enough, Coinsuper is also one of the prominent exchanges supporting the move from VRA to VRAB, by removing the VRA trading pairs and replacing them with VRAB/ETH pair, most especially for those who have an account on Coinsuper and are also trading on it. This will make other exchanges to support BEP2 token.
Model Employed to Increase the Value of VRAB
I will not be surprised if I see the price of VRAB increase organically and rapidly on an exchange, because the team of Verasity have found a way that makes it easier to increase its value. It is a different case for a project to have a working product and for the product to find a relation with its token. Both the product of Verasity, which is a video player system that offers video publishers and creators a way to enhance their audience’s video engagement, as well as the token VRAB that is used to reward viewers for watching a video.
Publishers buy VRAB on exchange and use it to signup on Verasity platform. It is also used to set a reward system for the viewers, by rewarding viewers as they view these unique contents on the platform. This is a good initiative from Verasity team. I can still remember how conscious I have always been whenever I want to watch a video on YouTube and the first thing I see that pops up is an ad. I try to skip such, because of the avoidance of user browsing data on it, as well as saving time and cost, but in the case of Verasity platform, when customers watch the ads, they through that earn more rewards, coupled with viewing the content, it means bigger reward for someone like me who is a fan to contents.
The tokens are tradable on an exchange, but to increase the value of the token further, the team uses the transaction fee, as well as other fiats, got from the platform to buy more VRAB on an exchange and then burn them off. So far, as at the time of writing this article, about 1.35 billion tokens have already been burnt. With this, you should be sure that the value of VRAB will increase.
Great enough Verasity now has its wallet called, VERAWALLET(verawallet.tv), which is a breakthrough for this project and another very important product, where publishers can create escrow account, where tokens can be stored. The rewards received by viewers are received directly into the same wallet. The wallet can be found on any video player that has been able to integrate the Verasity rewards SDK.
Also, this vera wallet has been integrated on some prominent platforms.
VRAB Staking
This is also one of the best ways to earn more of the token as an investor. Here, the tokens stored on the VeraWallet can be transferred into the staking wallet and the rewards will be sent daily into the staking wallet.
Verasity Tokenomics
Verasity is the indigenous utility token for the Verasity platform. So as earlier explained, VRA is the ER20 token of Verasity, which has also been migrated to Binance chain to become VRAB, which is BEP2 token. As at the time of writing, the current token details are as follows.
Total Supply: 10,356,466,695 VRA
Circulating Supply: 2,963,236,610 VRA
NOTE: As at the time of writing this article:
✔️ VRA is already trading on CoinMarketCap;
✔️ About 1.35 billion tokens have been burnt
✔️ It has been listed on about 18 exchanges among which are Binance DEX, STEX, Bilaxy, HitBTC and many more;
✔️ Amazingly, Verasity now has a partnership with Binance and the team is presently proposing to list on the main Binance exchange and other bigger exchanges are on the pipeline.
Token Distribution
Public & Private Sales — 3,495,653,656 VRA: 30.4%
Staking Program — 1,498,980,000 VRA : 13.0%
Rewards & Referrals — 463,403,844 VRA : 4.0%
Founders & Team — 2,298,300,000 VRA : 20.0%
Advisors & Partners — 861,862,500 VRA : 7.5%
Foundation Reserve — 2,873,300,000 VRA : 25.0%
*Partnership and Investors
Aside from the main vast community of Verasity, it as great, amazing and big partners, who are also part of the investors. This shows how big and promising the project is.
Conclusively, irrespective of your personality, affiliate, company or organization status, either you are a publisher or a viewer since you desire to have the best outcome for your contents, Verasity is already available to provide a lasting solution. Frankly speaking, this is the utmost desire of all. A trial I believe will convince you.
For more information, you can visit the links below:
WEBSITE: https://www.verasity.io/
TELEGRAM: https://t.me/verasitychat
MEDIUM: https://medium.com/verasity
FACEBOOK: https://facebook.com/verasitytech
MY BTT PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1946802
MY BTT USERNAME: Denreal
Ethereum Address: 0x4a29c8FE68efCc2A3a071fd9F436edA63DB7Ba02