Idea & Token
Verasity is creating a video sharing platform based on the patent pending Proof of View (PoV) system that will provide accurate, secure and auditable audience metrics. Though these metrics, the platform will eliminate fake reviews and establish fair commercial relationships between creators, viewers, advertisers and brands.
Features for viewers:
– Watch the content they really want
– Direct commercial relationships with channel owners
– Rewards with VERA tokens for viewing
– Supporting channels with VeraSparks, smart contracts that allows viewers to buy a portion of a channel and earn VERA for growing channel popularity
Features for content creators:
– Anyone can create a channel and upload videos
– Multiple monetization methods through fast and secure microtransactions
– Get investments for a channel development through VeraSparks
Features for advertisers and sponsors:
– The Proof of View technology provides a transparently auditable way of recording of each view to the blockchain
– Advertisers will have a guaranteed audience and pay VERA directly to viewers
– Sponsors will interact with creators directly on the platform by using VERA
Their ERC-20 token called VERA will be used as the main payment method on the platform, including payments between sponsors and creators, advertisers and viewers. A total supply is 6,245,750,000 VRA. The token distribution is as follows: 50% – sale, 20% – team, 19% – foundation, 7.5% – advisors, 2.5% – referral program, 1% – stabilization fund.
The team consists of 16 professionals working full-time and have been collaborating together for four years. This includes a serious business development staff, 6 blockchain and other kinds of software developers, as well as specialists in legal, marketing, and communications. The team is led by David Orman, CEO and co-founder, who has more than 10-year experience of investing, advising and working in video technology businesses. The advisory board includes 12 specialists mainly from crypto world, investors, entrepreneurs, and technology advisors.
Verasity is going to bring transparency and security traditional for blockchain technology to the video sharing industry. Though the hype around the project is quite high, the platform has multiple competitors to fight with. A significant advantage of the platform is their partnership with Akamai, a global content distribution network, so the scalability problem is partly resolved. Their hard cap which is quite high is another disadvantage. Anyway, considering huge size of the video sharing industry, its high demand, the strong team, and the idea realized in a scheme attractive for all parties, Verasity is an excellent project.
Yet another platform for media content, this time it’s about videos, that solves transparency problem and making the entire process, from ordering video content till viewing it, attractive for everyone.
Verasity ICO datesexport to calend
A disruptive Video Sharing Platform designed to pivot the online video ecosystem by enabling a direct and transparent commercial relationship between viewers, content-creators and advertisers. The mission is to shift control back to the Creator and improve the Viewer experience.
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.
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.
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.