Verasity: overview and details of ICO

Verasity is a video platform of decentralized type, which plans to use all the latest technologies of this industry. Using this service and working within the ecosystem of the same name, the creators of the video, their target audience and advertisers will be able to interact, achieving maximum benefit and effectiveness. 

Transactions in the context of this service are fast and safe, and also honestly for all users. Achieve this feature was due to the use of technology Vera.

Why is this project worthy of user support? 

In order to say so, there are many reasons. The most significant of them are:

-The creators and inspirers of the service in question are always available for communication and strive to provide maximum support to their users. This attitude to the participants of the platform causes respect for the administration, besides it allows you to quickly learn and understand how it works and what is needed. Here they really respect their users.

-All the prototypes created by the development team at the moment are presented for general use. That is, everyone can perform their testing.

-Verasity is not the first such project for its creators, all previous platforms successfully work and develop, enjoying popularity among a huge number of users.

-The project under consideration is actively developing, establishing cooperation with other companies and increasing the number of reliable partners.

What are the main advantages of the platform?

To those quite rightly include:

1. If you create video content, then you can create your own channel, add videos to it and use the endless variety of monetization methods that are offered here. A part of the received profit each participant of the project can easily and without superfluous complexities exchange for local tokens which in turn can be spent for channel development and attraction of new users.

2. If you are an advertiser, then this platform is exactly worthy of your attention too. The use of Proof of View technology provided transparency of the project. Each user has a guaranteed opportunity to check every scan, which means, to make sure the video is monetized.

3. Advertisers are able to pay spectators directly, without intermediaries, which in itself allows to achieve savings.

4. Impressive prospects of the project are also worthy to get acquainted with them. Huge functionality, secure wallets, the possibility of internal exchange of currencies, the ability to access the platform, including from mobile devices, make it promising for a huge target audience, and the rich positive experience of the development team leaves no doubt that the project will succeed.

Information about tokens

The total number of coins issued by the project is more than 12.5 billion. Public sales will begin on May 21 and will last until July 11, 2018. Softknap is considered to be achieved provided that the project has managed to implement at least 400 million tokens. Hardcap can be considered achieved on the condition that it will be possible to sell all 12.5 billion coins. Tokens are planned to be distributed as follows: 50% will be put up for sale, interested investors will be able to buy them, 20% will be given to the founders and advisers of the project, 19% - reserve fund of the project, 2.5% - to support the work of the referral program and 1% to the stabilization fund.

How is it planned to distribute the benefits? 

The cash generated by the sale of project tokens is expected to be spent in the context of the following scheme:

For the study and further development of the project it is planned to spend 20% of the total profit.

Another 20% will spend in order to license technology.

20% will be allocated to pay off contractual obligations and pay salaries.

17% will go to ensure the marketing needs of the project.

Administrative costs and legal costs will absorb another 2.5% of profits.

1% will be left in the reserve fund.

Project road map

In the third quarter of the past (2017), the development of the platform began. In the 4th quarter, practical testing of the video player took place, and the partners took part in the test. 

In early 2018, the creators implemented PoC for the player platform, then the same site was created for the ICO. Within the second quarter, it is planned to create a block system and implement the basic functionality of this service.

For the third quarter, testing of the block is scheduled, then the official release will take place, but so far with a minimal set of opportunities. Monetization is planned to be implemented through the resource verasity.tv. 

Also in the fourth quarter of the project it is planned to attract new engineers. The fourth quarter will give users a beta version of most of the tools that will appear here in the foreseeable future: apps for desktop OS, blockchain-enabled VeraWallet, VeraPlayer, VeraPay, a full version of the block will be presented. 

2019 will also be marked by several important events for the platform. First, the listed applications will be launched, giving the user the maximum possible functionality. Also in 2019 it is planned to launch a marketplace of video channels.

By 2020, the platform is planned to attract at least 15 million active users, then the full version of the marketplace will be launched.

The author's conclusions

Summing up the bottom line under everything that was written above, I want to say the following: the video industry is experiencing an unprecedented rise and the surge in interest to it is higher than ever. This state of affairs guarantees a high efficiency of investments in this area, and the desire of managers and creators of the project to abandon the services of intermediaries makes it truly beneficial.

The developers and ideological inspirers of the team (information about them you will find below) have repeatedly stated about the ambitious plans of the project and there is no doubt that they will be realized. The team of experienced, professional specialists has worked and continues to work on the creation of the platform, each of which has already announced itself in the world of crypto-currency. The project has a clearly defined road map, its plans are known and look quite consistently and logically. The creators of Verasity do not avoid publicity, do not hide, which also speaks of their intention to work honestly.

Project information

Website:   https://verasity.io/

WHITEPAPER:   https://verasity.io/documents/verasity_whitepaper_eng.pdf

ANN:   https://bitcointalk.org/index.php?topic=3208145.msg33322978#msg33322978

Telegram:   https://t.me/verasitychat

Bitcointalk username : maryatibtc
Profile Bitcointalk: 
https://bitcointalk.org/index.php?action=profile;u=1933617;sa=summary
Eth address :
0x20e8ce56DB99EC437BD8218Ab29595E4289eAC43