Verasity is a blockchain-enabled company in the ad tech, Esports, and video entertainment industry. They offer anti-fraud solutions, Esports tournaments, and a reward system for watching video content. However, the lack of clarity in the reward system raises concerns about potential gambling elements. Therefore, investors are advised to exercise caution and avoid involvement with Verasity due to its potential association with gambling activities.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Verasity operates independently and is not regulated by any countries or regulatory bodies. However, the project demonstrates transparency and legitimacy through its clear roadmap and a genuine product on the blockchain. Additionally, the token/coin has a fundamental underlying value. The project also provides clear information about its core leadership team and roadmap, further enhancing its legitimacy. | Passed |
| Project | Verasity is a fast-growing blockchain-enabled company operating in the ad tech, Esports, and video entertainment industry. They have secured patents for their revolutionary Proof of View (PoV) technology, which helps eliminate ad fraud in video advertising. Verasity offers the VeraViews ad tech stack, an enterprise-grade anti-fraud solution that combines multiple modules to prevent ad fraud and provide a tamper-proof record of ad serve data. They also have VeraEsports, an Esports platform that integrates their ad tech products and secures rights to exclusive Esports tournament broadcasts. Participants in VeraEsport pay entry fees and compete for a prize pool. However, the details of the reward system are unclear, and there is a possibility that it may include elements of gambling due to the lack of information. Verasity's key products include VeraViews + Proof of View, VeraEsport, VeraPlayer, VeraWallet, and Watch and Earn, a reward system that incentivizes users with tokens for watching video content. | Grey |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | VRA is a token designed for the online gaming and video economy, serving as a medium of exchange within the Verasity ecosystem. It facilitates transactions and interactions within the platform, enabling users to access the Verasity Platform and execute specific functions on the Verasity Blockchain. | Passed |
| Staking Method | Verasity offers a reward and staking system to incentivize holding VRA tokens and increase demand across its network of video publishers and communities. Through the VRA Staking program, users can earn additional incentives while staking their tokens, with an APY of 18.25% at the time of writing. Viewers watching videos on publisher domains can be rewarded with VRA tokens through the Watch & Earn feature. Additionally, viewers have the opportunity to earn more tokens by referring others, signing up, sharing videos, watching ads, and playing games. The rewards/staking system aims to promote engagement, spread awareness, and take advantage of the network effect within the Verasity ecosystem. | Passed |
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