VERASITY – The Next-Generation Video Sharing Platform

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Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
ABOUT VERASITY
Verasity is a video-sharing platform that caters to content creators and rewards viewers with VERA tokens just for watching content, sharing videos, watching ads and for referrals has arrived. Verasity will provide a way for viewers to help support their favorite channels by the use of VeraSparks. VeraSparks is a smart contract that allows viewers to buy and own a portion of a channel, and be rewarded with profits especially in future growth. Verasity is the only platform combining the following: Decentralized Proprietary Blockchain, Proof of View (PoV) — patent pending, Watch and Earn, Centralized Video Distribution, VeraSparks and the Spark Marketplace, and multiple ways for creators and users to earn VERA tokens. Just one of Veracity’s features, Proof of View (PoV), will help solve the problem of fake reviews that affect creators and advertisers.
Verasity’s Competitive Advantage
Videos on Verasity’s system are hosted on the world’s largest CDN (Akamai) rather than using unproven decentralized video distribution technology. Right from the start users will receive the consistently high-quality experience they’ve grown accustomed to and that is essential for adoption of the platform.
Verasity’s video player technology (VeraPlayer™) has distributed over 8 Petabytes of data in a month and is already embedded on leading ICO rating sites such as ICO Bench.
Decentralized blockchain — Verasity’s high-performance blockchain will provide the throughput required to support microtransactions at scale, overcome congestion, and other issues such as users forcing hard forks.
Proof-of-View™ (Patent Pending) — Ensures accurate and secure audience metrics, allows for independent auditing, and tackles issues such as ad-fraud and fake/bot views.
Spark Marketplace — Think the next evolution of crowdfunding where users will be able to directly fund the growth of content as well as fund projects such as feature films and then receive an on-going share of the success in VERA.
Economic Model — Working with Dr. Christian Jaag (founder of the Centre for Cryptoeconomics), Verasity has commissioned one of the most extensive economic analyses ever undertaken on a crypto-economy. The model, which was created off the back of thousands of simulations and stress tests, is designed to create a stable economy with a 3% inflation rate. More information can be found at this link: https://verasity.io/documents/verasity_economics_eng.pdf
vDaf — a suite of online video platform products designed for international broadcasters and large media outlets. Verasity’s suite of products will allow them to use our video platform, CMS, VeraPlayer™ with integrated wallet, analytics, Proof-of-View™ technology, and last but not least our robust monetization system that allows donations, pay-per-view, monthly subscriptions, and the revolutionary Spark Marketplace.
Token Compliance — Verasity is SICOP (Sustainable ICOs Protocol) compliant meaning that Verasity is committed to conducting a safe and secure ICO, maintaining good practice and ethics. Further information is available: http://sicop.tokeny.com/verasity-tokeny-u180301
Verasity benefits are highlighted below;
For Viewers:
Viewers are rewarded for their attention by advertisers if they choose to watch adverts
Take back control of their data — decide what demographic data to share with advertisers
Ability to support their favourite creators directly
Proof-of-View™ verifies that the viewer is real, and submits the content/ad view to the blockchain, removing any fake views.
For Creators / Publishers:
VERA cryptocurrency removes intermediaries (far lower transaction fees that the 45% commission large video platforms command)
Immediate payments (no longer waiting 60–90 days to receive payments)
Proof-of-View™ technology negates “fake video views” to ensure all content can be discovered fairly and equally
Centralised CDN infrastructure to ensure all content can be streamed in high-quality (HD, 60 FPS), low latency and low buffering
For Advertisers:
Eradication of ad-fraud, greater ROI for media spend, true accountability
Higher engagement and interaction with viewers through ‘permission’ based advertising (viewers chooses to watch adverts and is rewarded in VERA coins)
Partnerships with a new wave of blockchain powered media agencies are already in place with AdBank, XCHNG and The Truth Agency to provide advertising brands with full transparency in media buying across the value chain
Their version of an internal centralized bank controls the currency being used across the platform and draws upon tools from both fiscal policy and monetary policy to control their platform’s economy. The goal of the foundation is to stabilize it for all users.
TOKEN AND ICO DETAILS
Total supply of VERA tokens will be limited to 12,491,500,000 of which 6,245,750,000 (50%) will be allotted for the public sale.
Public Sale:
Begins: May 21, 2018 - 3PM (UTC)
Ends: July 11, 2018 - 3PM (UTC)
Soft Cap: 400,000,000 VRA
Token Price: See https://verasity.io for current price
Minimum Participation: 10,000 VRA
Maximum Participation: N/A
Hard Cap: 6,245,750,000 VRA
ROADMAP AND DEVELOPMENT PERSPECTIVE


Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
On Verasity it’s completely up to Viewers whether they choose to watch adverts or not. If they choose to watch adverts they’ll get paid directly in VERA (VRA) cryptocurrency by advertisers for their time. Viewers also get to decide whether they want to receive targeted advertising and whether to share their demographic information. Be a part of this tremendous project and follow these links for more information;
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