Overview

  • Country Cayman Islands, United Kingdom
  • CategoryContent Management/ Video Sharing Platform

A next-generation video sharing platform designed to liberate Creators and benefit Viewers.

Project stage

Prototype

Detailed description

Verasity is a next-generation video sharing platform designed to liberate creators and benefit viewers by rewarding users with a cryptocurrency called VERA that is easily convertible into traditional cryptocurrencies.

Verasity Foundation intends to stabilize price levels within the Verasity economy. Money supply may impact inflation directly by making tokens more or less scarce or indirectly through minting tokens that are used to incentivize market participants to engage in transactions. Hence, finding the right policy for regulating the supply of money is key to ensuring long-term price stability and enabling Verasity to become a successful economy.

The Verasity Foundation plans to regulate the supply of money with a deterministic mechanism on the blockchain. The center for cryptoeconomics (cryptecon) was asked to simulate the proposed mechanism and test its influence on the long run-price stability of the Verasity economy.

The Verasity Foundation aims to keep inflation at a moderate rate of 3% per year in order to ensure sufficient liquidity and stable growth of the economy. The minting mechanism is designed to hold prices at a constant growth rate that corresponds to the overall growth of the economy. The mechanism mints tokens so that the increase in money supply matches the expected increase in demand for VERA tokens.

The Verasity Foundation plans to use a straightforward and simple to implement method to form expectations about future growth that is based on historic growth rates of the last two periods.

Problem

Today, Creators struggle to effectively monetize their content on video platforms. There is widespread public disenchantment with online video advertising and viewers are reluctant to watch ads.

“Fake views” and ad fraud are a huge industry concern. With zero transparency of audience metrics, the value of content is highly inflated. Without a true value for content; brand pricing, content monetization and recommendation engine data is inaccurate.

Solution

Powered by cutting-edge video player technology, Verasity provides a high-quality viewing experience. An integrated digital wallet enables seamless microtransactions directly between Viewers and Creators. Verasity’s proprietary Blockchain technology (PoV™) creates a transparent economy powered by a new cryptocurrency called VERA. This disrupts the current commercial ecosystem.

Within Verasity’s ecosystem, Viewers are rewarded for watching content in VERA. If users choose to watch ads they will earn more. VERA is paid to the Creator directly from Viewers by donations, cost per view or subscription models.

Features

Instant Transactions - Using VERA, a High-Performance commercial utility token (capable of 100,000 transactions per second) built within the player, disbursing payments between Creators, Viewers and Advertiser in near real-time.

PoV™ - Proof-of-View - Accurate, transparent and auditable audience metrics (antifake-view) - Patent pending technology.

Spark Marketplace - Smart Contract based system allows Creators to fund their channel development. Users receive a portion of a channel’s revenue while they hold a live Smart Contract.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : VERA
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 25,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :4,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :12,491,500,000 VERA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :6,245,750,000 VERA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Cayman Islands, Kuwait, North Korea, Somalia, USA, Yemen,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Tokens are distributed two weeks after close of sale.

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Core Team & Founders: Team tokens are locked in for 18 months
          • Advisors: Locked in for 9 months
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public Sale (resumed) — Soon
      Start Soon
      0.0075 USD No 100 USD - 50000 USD 400,000,000 VERA 6,245,750,000 VERA
      Public sale — Ended
      21 May 15:00 UTC
      05 Jul 15:00 UTC
      0.0075 USD No 100 USD - 50000 USD 400,000,000 VERA 6,245,750,000 VERA
      Private sale — Ended
      01 Mar 15:00 UTC
      30 Apr 15:00 UTC
      0.005 USD No - Uncapped Uncapped
      Public sale

      The Public sale was paused. 

      Read more about vesting and bonus
      • Team

        • David Orman photo
          David Orman
          CEO and Co-Founder
        • Scott Brown photo
          Scott Brown
          Executive Management
        • Mark Ramberg photo
          Mark Ramberg
          Executive Management
        • Jin Young Choi photo
          Jin Young Choi
          Executive Management
        • David Rowe photo
          David Rowe
          Co-Founder
        • Chris Gale photo
          Chris Gale
          Co-Founder
        • Adam Simmons photo
          Adam Simmons
          Co-Founder
        • John Rankin photo
          John Rankin
          Business Development
        • Kyrylo Bybyk photo
          Kyrylo Bybyk
          Lead Engineer, Blockchain Developer
        • Chris Morof photo
          Chris Morof
          Senior Engineer
        • Ievgen Iegorochkin photo
          Ievgen Iegorochkin
          Blockchain Developer
        • Dmytro Medianik photo
          Dmytro Medianik
          High-Load Back-End Developer and Security Engineer
        • Mykolai Chapny photo
          Mykolai Chapny
          Blockchain and Back-End Developer
        • Anton Lukashenko photo
          Anton Lukashenko
          Full-Stack Developer
        •  photo
          Community and Communications
        • Danielle Francis photo
          Danielle Francis
          Marketing
        • David Archer photo
          David Archer
          Legal Counsel
      • Advisors

        • Christian Jaag
        • Matt Heiman
          Investor
        • Christopher Keshian
        • Andy Long
          Blockchain and Data Centre Expert
        • Simon Wajcenberg
          Investor
        • Jon Hook
          Advertising Technology Expert
        • Sangjin Hong
        • Merv Leslie
          Social Video Expert
        • Nakhoon Choi
          Lawyer, Entrepreneur
        • Joel Kovshoff

      Roadmap

      • Q3 2017

        PRODUCT

        • Integrate TCP fallback into the player for seamless use on non UDP-enabled browsers 

        PROJECT

        • Founders identified opportunity for blockchain-based video platform
      • Q4 2017

        PRODUCT

        • Test UDP video player with Akamai at 30m+ unique users per month 

        PROJECT

        • Assemble core team and advisors
        • Investigation into blockchain technology 
        • Write and validate white paper

      • Q1 2018

        PRODUCT

        • Release proof of concept for VeraPlayer

        PROJECT

        • Creation of Foundation structure
        • Announcement of project, publishing of White Paper & Economic Paper
        • Launch Public sale website
      • Q2 2018

        PRODUCT

        • Design and architecture for Verasity blockchain
        • In-player earning VERA while watching
        • In-player user management 
        • In-player earning 3rd party crypto tokens while watching
        • Release proof of concept for VERA minting apps for desktop & mobile 
        • Release proof of concept for VeraWallet
        • Release proof of concept for Verasity video sharing website (verasity.tv)

        PROJECT

        • Fundraise through Private Sale
        • Conduct Public Sale 

      • Q3 2018

        PRODUCT

        • Release and test Verasity blockchain with other Verasity platform components
        • Release MVP of blockchain-enabled VeraPlayer
        • Release MVP of blockchain-enabled Verafier apps for desktop OS
        • Release MVP of blockchain-enabled VeraWallet
        • Release CMS and analytics for verasity.tv
        • Add monetization through advertising to verasity.tv

        PROJECT

        • List VERA on leading crypto exchanges
        • Convert VERA tokens onto Verasity blockchain
      • Q4 2018

        PRODUCT

        • Release beta of VeraPay
        • Release full version of Verasity blockchain
        • Release beta of blockchain-enabled VeraPlayer
        • Release beta of blockchain-enabled Verafier apps for desktop OS
        • Release beta of blockchain-enabled VeraWallet
        • Release MVP of blockchain-enabled video sharing apps for iOS, Android
        • Release MVP of verasity.tv to select group of video creators
        • Release beta of verasity.tv to general public
        • Release proof of concept for video channel marketplace
      • 2019

        PRODUCT

        • Launch full version of VeraPay
        • Launch full version of Verafier apps
        • Launch full version of VeraWallet
        • Launch full version of verasity.tv
        • Release MVP of blockchain-enabled video channel marketplace
        • Release beta of video channel marketplace

        2019

      • 2020

        PRODUCT

        • Scale platform usage to 15m holders of VeraWallet
        • Launch full version of video channel marketplace

      Activity