Verasity ICO Review

✪ ✪ ✪Verasity ICO Review✪ ✪ ✪

Verasity is a disruptive video sharing platform designed to pivot the online video ecosystem by enabling a direct and transparent relationship between viewers, content creators and advertisers. Our experienced team has a wealth of experience spanning across the Media and Technology sectors, with previous leadership roles at companies including Eurosport, Sky, Joost, AOL, Turner and Guardian. Powered by existing cutting-edge video player technology, Verasity provides a high-quality viewing experience. Verasity’s proprietary Blockchain technology (PoV™) creates a transparent economy powered by a new cryptocurrency called VERA. Our goal is to liberate creators and online publishers whilst improving the viewer experience for video. Verasity’s protocols will be used across the web integrating video delivery and instant micropayments using VERA all backed with trusted and transparent Proof of View™ Blockchain technology.

☆ ☆Verasity official youtube video☆ ☆

How Verasity’s Unique Ecosystem Works

Let’s begin by identifying the three major participants in the Verasity ecosystem and their respective roles. One important thing to note about this whole system is that it involves a lot of ‘microtransactions’ between all the participants. Because traditional websites don’t allow for efficient microtransactions, a blockchain solution presents the best alternative.

Let’s start with the experience for creators

On Verasity, content creators will be able to choose how to monetize their content whether it’s by donations, pay-to-watch (pay-per-view) or by offering subscriptions. Therefore, creators will be able to have a say in how their content is monetized and they will be able to take a greater share of revenues generated. Creators can also invite the community to help fund their channels within our ‘Spark Marketplace’, which will allow viewers to become part owners of channels and share in the channels’ future success. Any revenue generated by creators will be paid out instantly with VERA tokens within the ecosystem.

Viewers using Verasity will no longer be passive; they will be rewarded when they watch and share videos. There will even be an option for viewers to be paid in VERA tokens to watch advertisements. Viewers will then be able to directly reward content creators in real-time by rewarding creators with the VERA tokens they have bought or earned by watching ads.

*Verasity’s Token Sale**

· Verasity’s presale will run from May 1 to May 31, 2018.

· Their Public sale will then be run from June 1 to June 30, 2018.

· 22% of their tokens are allocated to these sales.

· The softcap is $4M (including

=====Blockchain Infrastructure=====

The blockchain will be used to store all the non-video data such as the record of all microtransactions and the various smart contracts. With a view toward long-term scalability, Verasity has opted to use the Graphene blockchain.

This open source blockchain technology was first used on the BitShares platform and is now used on other major blockchain projects such as Steemit and EOS. Its transaction speed is said to reach ~3,300 per second (note that this was on the BitShares testnet platform). However, its creators claim that it can reach 10,000 to 100,000 transactions per second. Key to achieving these speeds is its Delegated Proof of Stake consensus mechanism.

The VERA Token and the Veracity Economy

As the currency of the Veracity economy, the VERA token will be used to facilitate all the types of transactions described in the previous sections. Volatility management of the VERA token is essential to the sustainability of the Verasity economy. After all, no one wants to use an asset that fluctuates so wildly in value as a unit of currency.

Verasity employs techniques to manage volatility and incentivize long-term holding of the Vera token. They are:

· Money Supply Management: Newly minted Vera tokens are added to the Reward Pool. From there they can be strategically allocated among the various parties to maximize participation. Verasity will use money supply increases to offset any sudden spikes in token demand. This also functions as an anti-short term speculation mechanism. Once the economy stabilizes, Verasity expects to be able to keep monetary inflation at 3% per year. Verasity can also decrease this rate to zero in the opposite scenario. And if that is not enough, the platform can further lower supply by taking the tokens out of circulation.

· VeraSparks: The higher the number of participants who hold stakes in content creators’ channels, the more Vera tokens are ‘locked’ into the system.

· TotalSparks: Another unique feature of the platform. Participants can purchase TotalSparks, which entitle the holder to a portion of the proceeds of the Verasity Foundation Commercial Transaction Pool (where the transaction fees go). TotalSparks have an expiry date, upon which the principal will be repaid to the user. Think of TotalSparks as government bonds to VeraSparks’ corporate equities.

Verasity has also engaged the Center for Cryptoeconomics, a blockchain economic research service, to do a study on its economic model. You can find this economic paper here.

How Verasity’s Unique Ecosystem Works

❂❂❂Token Details❂❂❂

VRA

PreICO Price

1 VRA = 0.00750 USD

Price

1 VRA = 0.0075 USD

Platform

Ethereum

Accepting

ETH, BTC

Minimum investment

100 USD

Soft cap

4,000,000 USD

Hard cap

6,245,750,000 VRA

Country

Cayman Islands

Restricted areas

USA (Accredited only), Cayman Islands, North Korea, Somalia, Yemen

✺=✺=✺Roadmap✺=✺=✺

Q3 2017

Founders identified opportunity for Blockchain based video platform and started investigations. — Delivered
Adapted an existing white label UDP video player and CDN which has proven scale — Delivered
UDP Video Player technology built into Chromium. TCP fallback integrated into player for seamless use on non-UDP enabled browsers — Delivered.

Q4 2017

UDP video player tested with Akamai at 30m+ unique users per month — Delivered. Assemble core team and advisors — Delivered. Write and validate white paper — Delivered. Investigation into Blockchain ledger — Delivered.

Q1 2018

Creation of foundation structure — Delivered.
Public launch of project — Ongoing.
Fundraise through private sale — Ongoing.
Launch dedicated landing page to support KYC/AML — Ongoing.