Verasity

Verasity

Hype rating: 94

Status: Ended

Description: A next-generation video sharing platform designed to liberate Creators and benefit Viewers

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Start of ICO 21.05.2018 End of ICO 11.07.2018 Hard cap $25,000,000 Raised $0 Token Sale Price $0.00750 Whitelist Closed (27.Apr.2018 - 21.May.2018 JOIN) KYC YES

Telegram members 46784 24h change -77 7 day change -399

Reddit subscribers 398 24h change 0 7 day change 1

Alexa rank 154995 24h change -9694 7 day change /

Twitter followers 11406 24h change -66 7 day change -73

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The team are seasoned professionals with proven track records with high-performing businesses in the media, video and technology sectors. The core team have been involved in the project together since 2017. The development team and management are full-time and have been collaborating together for four years.

Team

  • David Orman https://www.linkedin.com/in/davidorman/

    CEO and Co-Founder Verasity

    Spent last 10+ years investing, advising and working in video technology businesses. Previously VP at Joost, Eurosport Sales Director. Co-Founder of Hatch-House Venture Consultancy.

  • Scott Brown https://www.linkedin.com/in/scottbrown10/

    Executive Management

    VP Product Management, Akamai CEO, Octoshape VP Technology Fellow, Turner Media Systems Development, AOL.

  • Mark Ramberg https://www.linkedin.com/in/markwramberg

    Executive Management

    GM Media and Entertainment, Amazon VP Business Development, Akamai Business Development, Microsoft.

  • David Rowe https://www.linkedin.com/in/davidrowe2/

    Co-Founder Verasity

    Founder Hydro66, CEO Black Green Capital, Founder Easynet Group that was sold to BSkyB, Former Managing Board Member, Sky.

  • Chris Gale https://www.linkedin.com/in/chgale/

    Co-Founder Verasity

    Founder and CEO of Ad Tech Company, Odyssey Mobile which successfully exit to Phunware in 2014 who later listed on the Nasdaq in 2018. Crypto Investor and Blockchain Advisor. 15 Years of digital media and technology.

  • Adam Simmons https://www.linkedin.com/in/adamsimmons1/

    Co-Founder Verasity

    Worked for the last 8 years within online video, including globally for eSports publishers. Expertise within Content management and online marketing.

  • John Rankin https://www.linkedin.com/in/johnrankin2/

    Business Development

    Video publishing and advertising entrepreneur. John founded and built a global video advertising business with multinational entertainment company Outfit 7, creators of hit mobile app Talking Tom which received 7 billion downloads.

  • Kyrylo Bybyk https://www.linkedin.com/in/kyrylo-bybyk-6b9849159/

    Lead Engineer, Blockchain Developer

    High-load C/C++ developer with 11 years of experience. Strong background working with online video platforms with high traffic volumes. Co-inventor of Proof of View (PoV)™, patent pending.

  • Chris Morof https://www.linkedin.com/in/appsadsmediadigitalproximity/

    Senior Engineer

    Ex. CTO Video Ad Platform, Creator of VRSynapse, Founder of Beacon Heaven, Blockchain Expert.

  • Ievgen Iegorochkin https://www.linkedin.com/in/ievgen-iegorochkin-b5a720158/

    Blockchain Developer

    Experience working with online video platforms with high traffic volumes. Blockchain developer. High-load back-end C/C++ developer. Application Security Engineer.

  • Dmytro Medianik https://www.linkedin.com/in/dmytro-medianik-7b5518158/

    High-load back-end developer and security Engineer

    High-load back-end C/C++ developer. Security/operations engineer with 10 years of experience. PJSC Nord, IT Director. Security access protocols will be maintained by Dmytro.

  • Mykolai Chapny https://www.linkedin.com/in/mykolai-chapny-a13722158/

    Blockchain and back-end developer

    Full-stack developer and blockchain enthusiast.

  • Anton Lukashenko https://www.linkedin.com/in/lukashenkoa/

    Full-stack developer

    Full-stack, JavaScript developer. Nova Poshta development manager.

  • Tom Hillman https://www.linkedin.com/in/tomhillman1/

    Community and Communications

    Audience Development expert: 10 years experience in media, digital marketing, communications, social media, and community building ex. Guardian Media Group and other global publishing entities.

  • Danielle Francis https://www.linkedin.com/in/danielle-francis-2a28b16b/

    Marketing

    Seasoned digital marketing executive with a strong focus on customer acquisition and growth. 5 years in digital marketing and advertising currently with M&C Saatchi.

  • David Archer https://www.linkedin.com/in/david-archer-b595275/

    Legal Counsel

    Senior Partner, Pitmans, London. Over 30 years experience in trust law, Not for Profit entities, Dispute Resolution, and Compliance.

Advisors

  • Dr. Christian Jaag https://www.linkedin.com/in/cjaag/

    Advisor

    Founded the Centre for Cryptoeconomics and is responsible for the economics for this project. Managing Partner, Swiss Economics and Lecturer at the Universities of St.Gallen and Zürich. He advises corporate and public-sector clients on strategic issues pertaining to Blockchain technology and cryptoeconomics.

  • Andy Long https://www.linkedin.com/in/andylong/

    Blockchain and Data Centre Expert

    20 years experience in telecoms and finance in strategy, business development and management. Director Strategic Development, Black Green Capital, responsible for leading the commercial launch and build of Hydro66 as startup CEO and continues to advise on strategy in the datacenter and Blockchain space.

  • Matt Heiman https://www.linkedin.com/in/mattheiman/

    Advisor, Investor

    Founder of Diagonal View (exit to Sky PLC 2017), Mobix Trading, Mobix Interactive (exit to SeaChange 2008), Founding Investor in Just Giving (exit to Blackbaud 2017), Advisor to Channel 4, Vizimo, The Cloud and Palringo.

Verasity is a next-generation video sharing platform designed to pivot the online video ecosystem by enabling a direct and transparent relationship between viewers, content creators and advertisers.

Powered by existing cutting-edge video player technology, Verasity provides a high-quality viewing experience. Verasity’s proprietary Blockchain technology, Proof-of-View (PoV™) creates a transparent economy powered by a new cryptocurrency called VERA (VRA).

Verasity’s goal is to liberate creators and online publishers whilst improving the viewer experience for video. Verasity's protocols will be used across the web integrating video delivery and instant micropayments using VERA all backed with trusted and transparent Proof-of-View (PoV™) Blockchain technology.

Online video is the fastest growing medium. It is set to account for 82% of all consumer Internet traffic by
2021
1. ​and the market is worth $312 billion
2​. Yet the online video business model is fundamentally challenged.
With the advent of online video platforms, both video creation and consumption are more accessible than ever
before. This has led to a significant increase in content production and consumption as audiences shift online
for digital entertainment. However, under current advertising models, companies like Facebook and Google
stand out as the winners generating $191.8 billion
3. ​of net advertising revenue between them in 2017 by
controlling the distribution of content and the sale of advertising.

Verasity Foundation will be responsible for ensuring the vision of the White Paper is adhered to, funding the
development of the platform and funding the support growth within the community. Verasity Foundation will
be conducting the initial sale of VERA and will thereafter be monitoring Verasity to ensure the Verasity
Platform is developed in accordance with the principles set out in this White Paper. Proceeds raised from the
sale of VERA will remain in the Foundation and be unlocked to VeraTech Ltd based on predefined milestones
agreed upon and validated by the Foundation. Verasity’s general counsel and CEO are Supervisors of the
Foundation and will validate milestones as well as the use of funds from the ICO. Quarterly reports will be
published to the community.
Verasity Foundation will provide quarterly reports to update the contributors to the project regarding the
roadmap updates. This will include current developments, forecast vs. current and latest updates.
Verasity management will not be able to buy or sell VERA during the 20 days prior to the announcement of
the quarterly management reports to avoid insider trading. Verasity management lock up period is 18 months.
Private investor lock up periods is 9 months.
All transactions on the platform will be implemented on the Verasity Blockchain. The
Smart Contract will be audited by a third party to increase security.
Verasity Foundation will make public its GitHub account which will provide:
● Smart Contract and Audit (will be also available on Etherscan)
● White Paper
● VERA Blockchain code
● Full wallet code (Verafier app for various platforms)
● Proof-of-View (PoV™) DB parsing code
● Proof-of-View (PoV™) hash checker / hash generator

The Token Sale will fund the development and adoption of the Verasity platform. The total supply of ERC20 VERA tokens will be 12,491,500,000. Please note: the ERC20 token, VERA Tokens created and distributed on the Ethereum Network are for the purpose of a Token Sale and will fund the development and adoption of the Verasity platform. Once the platform is live, these tokens will be replaced by VERA running on the Verasity Blockchain on a 1:1 basis.

Economic Overview
Token - VERA
Ticker - VRA
Total Supply - 12,491,500,000
Total Sale Allocation - 50% (6,245,750,000)
Token Type - ERC20 (Ethereum)
Public Sales - May 21, 2018 to July 11, 2018
Soft cap - 400,000,000 VERA
Public Sale Duration - May 21 2018 3PM UTC to July 11 3PM UTC 2018
Price (USD) - $0.00750 and increasing by 1% per 24 hours (paid in ETH or BTC)
Hard Cap - 6,245,750,000 VRA

Provisions of Sale
• Minimum purchase is 10,000 VERA per buyer
• VERA token price to increase 1% every 24 hours
• Tokens are distributed two weeks after close of sale
• Whitelist/KYC registration process obligatory to receive tokens
• No Sales to Investors from: Cayman Islands, North Korea, Somalia, Yemen
• Only accredited investors may participate from USA
• All unsold tokens at end of public sale are burnt
• To participate, all buyers must agree to full token sale terms - http://www.verasity.io/legal

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