Verasity is a video sharing platform

Verasity, the digital currency for online video players, has announced partnerships with Binance Chain, a blockchain software system developed by Binance and the community, in a move that will generate new video economy with incentives. This will open the way for more global publishers, makers and advertisers to enter the crypto space.

What is Verasity?
Verasity is a video sharing platform that breaks the status quo and unites the world's best focus and decentralization. However, this project has more to offer than simple video sharing; What sets it apart from the others is an innovative economic model that places viewers first, but also allows content creators and advertisers to also benefit.

At present, there isn't much hype behind this project, because the company hasn't started its marketing efforts. However, their personal sales are currently available until April 30, which will then be available to the public until May 31 (25% discount) and then sold publicly until May 30. 6. As we get closer to these days, listen to more about this project.

How is Verasity different from competition in this field?
Verasity is the only platform that combines the following: Decentralized Proprietary Blockchain, Proof of View (PoV) - pending patents, Watch and Get, Centralized Video Distribution, VeraSparks and Spark Marketplace, and various ways for makers and users to get VERA tokens . One of the Veracity features, Proof of View (PoV), will help resolve the problem of fake reviews that affect makers and advertisers.

How does Verasity work?
Verasity depends entirely on the viewer whether they choose to watch the ad or not. If they choose to watch advertisements, they will be paid directly in VERA cryptocurrency (VRA) by advertisers for their time. Viewers can also decide whether they want to receive targeted ads and whether to share their demographic information. Again, the choice is in the hands of the audience at Verasity!

Viewers can now give gifts to their favorite creators directly and transparently. Makers have more integrated monetization options available to them than any video platform at the moment, which means that new and interesting types of content will develop.

Monetization can also be set by video - there is no one size for all models in Verasity:

Free to watch with optional VERA donations
Pay per view - viewers pay VERA to unlock individual videos
Subscribing to repeated VERA is where the viewer can access all premium content

Proof-of-View ™ Verasity technology ensures that advertisers only pay when their ads are watched by real people. Verasity also removes intermediaries that currently consume up to 70% of value. The result is more value returning to the Verasity community.

Verasity for viewers

See great content
Economy Verasity is designed to help viewers find the content they really want to see.

Direct commercial relations between channel owners and their viewers ensure there is no suggestion of bias third-party content.

Get bonuses to see
Verasity encourages viewers to interact with the platform by giving them gifts with VERA for what they watch.

Advertisers immediately value viewers with the appearance of their ads.

Get Vera with a support channel
At Verasity, viewers can help support the development of the content channel through VeraSparks.

If the viewer has VeraSparks on the channel, they will receive a portion of the VERA collected by the channel.

Verasity for video creators

Create channels and upload videos
Each Verasity user can become a Creator and launch a channel.

Verasity uses proven, measurable and high-quality video technology that ensures the best experience for creators and their fans.

Many ways to make money
Verasity allows micro transactions to create the most flexibility for Makers and Publishers to monetize their content.

No need to wait for payment because Verasity transactions are fast, safe and transparent.

Develop funds for your channel
Through VeraSparks, the maker can sell a portion of future channel revenues in Verasity, in exchange for VERA. This VERA can be used to promote growth on the channel and users buy VeraSparks sharing the success they have helped make.

Advertiser
Advertisers must pay viewers to see their ad. They received an increase in ROI for their advertising expenditures through 'Proof of View' Verasity technology, using blockchain technology to ensure object metrics that are accurate, safe, and verifiable. For example, this technology does not count the time spent watching in parallel, only 60 minutes of content can be seen per hour.

This PoV technology is an important part of the Verasity business model because it allows the platform to provide more accurate value for content. This was tested publicly, increasing the confidence of participants based on that data. Verasity has filed a patent application involving this technology, which also complies with GDPR and PCI DSS.

Infrastructure Verity
As a platform, Verasity consists of four components. They:

Technology for video distribution and storage
Verasity is a white label version of the existing online video platform. This means that the Verasity video player has been purchased on the market; The company does not have to develop it. As such, this is a 'test' product, with Verasity claiming that the technology has been proven to produce 8 petabytes of data per month (1 PB = 1,048,576 GB). This scale was achieved by Verasity in partnership with Akamai, one of the leading CDN (content delivery network) providers in the world.

Players are also tuned to the screen of a mobile device and fully ready for HD (although official reports only record 1080p / 60fps, not much today).

Blockchain Infrastructure
The Blockchain will be used to store all non-video data, such as records of all micro transactions and various smart contracts. With the aim of long-term scalability, Verasity has chosen to use the Graphchain blockchain.

This open source blockchain technology was first used on the BitShares platform and is currently being used in other large blockchain projects such as Steemit and EOS. The transaction speed is estimated to be ~ 3,300 per second (note that this is on the BitShares testnet platform). However, the creator claims that he can reach 10,000 to 100,000 transactions per second. The key to achieving this speed is a consensus mechanism for evidence of consensus.

For Advertisers and Sponsors

New value
Verasity creates a direct exchange of values between brand expenditure and Viewer interaction. With Verasity's Proof of View technology, each display will be recorded in a manner that is transparently audited in the Verasity Blockchain.

Advertiser
Verasity allows Advertisers to directly pay VERA Audience in return for their attention.

Advertisers are guaranteed to reach involved audiences who voluntarily accept to watch advertisements.

Sponsor
Verasity allows Brands to transact with Creators directly through platforms using VERA.

This ensures that sponsors and brand placements are verified through the Verasity of View of Verasity technology.

TOKEN FOR SALE

The platform token is called VERA, and will be a media exchange and gift for making videos, sharing and watching across platforms. Through various methods to produce VERA for each type of user - viewers, content creators, advertisers and sponsors - Verasity hopes to attract more people to use the platform and contribute to its economy.

TOKEN DETAILS

Symbol: VRA
Price: 1 VRA = 0.0075 USD increases by 1% per 24 hours during sales
MVP / Prototype: Available
Platform: Ethereum
Payment Received: ETH, BTC
Total Token Supply: 12,491,500,000
Hard Cap: 6,245,750,000 VRA
Min Purchase: 10,000 VRAs
Limited Area: US (Only accredited), Cayman Islands, North Korea, Somalia, Yemen

General Sales

Started: May 21, 2018–3PM (UTC)
Ended: July 11 2018–3PM (UTC)
Soft Cap: $ 4 Million (Pass)
Hard Cap: $ 25 million
Price Tokens: See https://verasity.io for current prices - increasing by 1% every day
Minimum Participation: Around $ 100
Maximum Participation: None

Main Details for Public Sales Tokens Verasity:

KYC / AML White List Process opens: April 26, 2018
Public Sales starts: May 21, 2018 (15:00 UTC)
General Sales closes: July 11, 2018 (15:00 UTC)
Making and distribution of Tokens: On 12 August 2018
Total VERA Available: 6,245,750,000 (unsold tokens burned)

How to Buy VERA Tokens
Verasity Token sales now! Every day the price of VERA will increase by 1% so make sure you jump and get it at the best price!

ROAD MAP

Detail Information:
Website: https://verasity.io/
Whitepaper: https://verasity.io/documents/verasity_whitepaper_eng.pdf
Facebook: https://www.facebook.com/verasitytech/
Twitter: https://twitter.com/verasitytech
Telegram: https://t.me/verasitychat
ANN thread: https://bitcointalk.org/index.php?topic=3208145.msg33322978#msg33322978

Author: adiva16
Bitcointalk: https: //bitcointalk.org/index.php? Action = profile; u = 2343007