The current price of Verasity is $0.0014280. Over the last 24 hours, Verasity has decreased by -13.24%. It currently has a circulating supply of 9,798,580,942 VRA and a maximum supply of 96,798,580,942 VRA, giving it a fully diluted market cap of $14.02M. At present, the Verasity coin holds the 0 position in market cap rankings. The Verasity/USD price is updated in real-time.
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Verasity (VRA) is a cryptocurrency that seeks to transform the digital advertising industry by creating a decentralized ecosystem for creators, viewers, and advertisers. It is part of the broader revolution by cryptocurrencies in various sectors, including finance, gaming, and digital content.
What is Verasity?
Verasity is a blockchain-based platform that aims to revolutionize the online video industry by introducing transparency and decentralization. It addresses various challenges within the industry, including data manipulation and limited monetization opportunities for content creators. Through blockchain technology, Verasity strives to create a fairer, more efficient ecosystem that benefits all participants.
The Verasity team
Verasity boasts a talented team of individuals with extensive experience in technology, digital media, and blockchain. Led by CEO RJ Mark Hain and CTO David Orman, the team is focused on driving innovation and providing real-world solutions to the video industry's existing problems. Their combined expertise and vision have been instrumental in shaping Verasity's development and growth.
How does Verasity work?
Verasity's platform operates around its proprietary video player, seamlessly integrating with major video platforms like YouTube, Twitch, and Vimeo. This player allows for real-time, tamper-proof data collection through the blockchain, ensuring transparency and accuracy. Verasity employs a Proof of View (PoV) mechanism to validate authentic views, rewarding viewers with VRA tokens. This incentivizes engagement, creating a more interactive experience for creators and viewers.
VRA: Verasity's native token
VRA is the native cryptocurrency of the Verasity ecosystem, functioning as a utility token that facilitates transactions and interactions within the platform. Creators can earn VRA based on their content's views, while viewers can earn tokens by watching videos, engaging with interactive elements, and participating in the community. VRA tokens are also used for tipping creators, purchasing premium content, accessing exclusive perks, and participating in the platform's governance.
VRA tokenomics
The maximum supply of VRA is 10,356,466,694 ensuring scarcity and value appreciation over time. The token distribution includes allocations for the team, advisors, partnerships, marketing, community development, and ecosystem growth. By strategically allocating tokens, Verasity aims to foster a robust and sustainable ecosystem that rewards active participation and aligns the interests of all stakeholders.
VRA token use cases
VRA tokens have multiple use cases within the Verasity ecosystem. Content creators can monetize their videos by receiving VRA tokens based on the engagement and viewership of their content.
Conversely, viewers can utilize VRA tokens to unlock premium content, access exclusive perks, and tip their favorite creators. Advertisers can leverage VRA tokens to run targeted advertising campaigns and engage with a more receptive audience. The versatility of VRA tokens makes them a valuable asset within the Verasity ecosystem.
VRA token distribution
With a total maximum supply of 10,356,466,694 tokens, VRA's distribution is as follows:
An estimated 20.9 percent is allocated to the founders and the team. These tokens are subject to a lock-up until VRA achieves a designated price target, often aligned with its ICO price.
The circulating supply, constituting about 67.5%, is distributed among Verasity Wallets, VeraWallets, and third-party wallets.
Approximately 8.2% is set aside for staking activities, providing token holders with opportunities to earn rewards.
An estimated 3.4% of the supply is allocated to the foundation to support ongoing initiatives and development efforts.
Verasity: Empowering the online video industry with decentralization
Verasity promises to revolutionize the online video industry through its decentralized ecosystem, benefiting content creators, viewers, and advertisers. Verasity addresses transparency, data manipulation, and monetization challenges by utilizing blockchain technology. The native VRA token is a crucial incentive for engagement, rewarding creators, and offering value to viewers and advertisers.
With a talented team, innovative approach, and strong tokenomics, Verasity has the potential to reshape the online video landscape, creating a fairer and more sustainable ecosystem for all involved.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2K new posts about Verasity, driven by 885 contributors, and total online engagement reached 391K social interactions. The sentiment score for Verasity currently stands at 80%. Compared to all cryptocurrencies, post volume for Verasity currently ranks at 2277. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Verasity.
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Posts
1,997
Contributors
885
Interactions
391,475
Sentiment
80%
Volume rank
#2277
X
Posts
1,805
Interactions
390,561
Sentiment
81%
Verasity FAQ
What is Verasity?
Verasity is a cutting-edge blockchain-based platform revolutionizing the online video industry. It offers a decentralized ecosystem that caters to creators, viewers, and advertisers, effectively tackling challenges related to transparency, data manipulation, and limited monetization options. Verasity establishes a transparent and equitable environment for all participants by leveraging blockchain technology.
What are the benefits of using VRA tokens?
Using VRA tokens within the Verasity ecosystem offers several benefits. Content creators can monetize their videos and earn VRA tokens based on engagement and viewership. Viewers, on the other hand, can earn tokens by watching videos and engaging with the platform.
VRA tokens can also be used to access premium content, tip creators, and participate in the platform's governance. Advertisers can leverage VRA tokens for targeted advertising campaigns and better audience engagement. VRA tokens provide a versatile and valuable asset within the Verasity ecosystem, benefiting all stakeholders involved.
Where can I buy VRA tokens?
Easily buy VRA tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is VRA/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for VRA with zero fees and no price slippage by using OKX Convert.
How much is 1 Verasity worth today?
Currently, one Verasity is worth $0.0014280. For answers and insight into Verasity's price action, you're in the right place. Explore the latest Verasity charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Verasity, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Verasity have been created as well.
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Verasity
Consensus Mechanism
The Ethereum network uses a Proof-of-Stake Consensus Mechanism to validate new transactions on the blockchain. Core Components 1. Validators: Validators are responsible for proposing and validating new blocks. To become a validator, a user must deposit (stake) 32 ETH into a smart contract. This stake acts as collateral and can be slashed if the validator behaves dishonestly. 2. Beacon Chain: The Beacon Chain is the backbone of Ethereum 2.0. It coordinates the network of validators and manages the consensus protocol. It is responsible for creating new blocks, organizing validators into committees, and implementing the finality of blocks. Consensus Process 1. Block Proposal: Validators are chosen randomly to propose new blocks. This selection is based on a weighted random function (WRF), where the weight is determined by the amount of ETH staked. 2. Attestation: Validators not proposing a block participate in attestation. They attest to the validity of the proposed block by voting for it. Attestations are then aggregated to form a single proof of the block’s validity. 3. Committees: Validators are organized into committees to streamline the validation process. Each committee is responsible for validating blocks within a specific shard or the Beacon Chain itself. This ensures decentralization and security, as a smaller group of validators can quickly reach consensus. 4. Finality: Ethereum 2.0 uses a mechanism called Casper FFG (Friendly Finality Gadget) to achieve finality. Finality means that a block and its transactions are considered irreversible and confirmed. Validators vote on the finality of blocks, and once a supermajority is reached, the block is finalized. 5. Incentives and Penalties: Validators earn rewards for participating in the network, including proposing blocks and attesting to their validity. Conversely, validators can be penalized (slashed) for malicious behavior, such as double-signing or being offline for extended periods. This ensures honest participation and network security.
Incentive Mechanisms and Applicable Fees
Ethereum, particularly after transitioning to Ethereum 2.0 (Eth2), employs a Proof-of-Stake (PoS) consensus mechanism to secure its network. The incentives for validators and the fee structures play crucial roles in maintaining the security and efficiency of the blockchain. Incentive Mechanisms 1. Staking Rewards: Validator Rewards: Validators are essential to the PoS mechanism. They are responsible for proposing and validating new blocks. To participate, they must stake a minimum of 32 ETH. In return, they earn rewards for their contributions, which are paid out in ETH. These rewards are a combination of newly minted ETH and transaction fees from the blocks they validate. Reward Rate: The reward rate for validators is dynamic and depends on the total amount of ETH staked in the network. The more ETH staked, the lower the individual reward rate, and vice versa. This is designed to balance the network's security and the incentive to participate. 2. Transaction Fees: Base Fee: After the implementation of Ethereum Improvement Proposal (EIP) 1559, the transaction fee model changed to include a base fee that is burned (i.e., removed from circulation). This base fee adjusts dynamically based on network demand, aiming to stabilize transaction fees and reduce volatility. Priority Fee (Tip): Users can also include a priority fee (tip) to incentivize validators to include their transactions more quickly. This fee goes directly to the validators, providing them with an additional incentive to process transactions efficiently. 3. Penalties for Malicious Behavior: Slashing: Validators face penalties (slashing) if they engage in malicious behavior, such as double-signing or validating incorrect information. Slashing results in the loss of a portion of their staked ETH, discouraging bad actors and ensuring that validators act in the network's best interest. Inactivity Penalties: Validators also face penalties for prolonged inactivity. This ensures that validators remain active and engaged in maintaining the network's security and operation. Fees Applicable on the Ethereum Blockchain 1. Gas Fees: Calculation: Gas fees are calculated based on the computational complexity of transactions and smart contract executions. Each operation on the Ethereum Virtual Machine (EVM) has an associated gas cost. Dynamic Adjustment: The base fee introduced by EIP-1559 dynamically adjusts according to network congestion. When demand for block space is high, the base fee increases, and when demand is low, it decreases. 2. Smart Contract Fees: Deployment and Interaction: Deploying a smart contract on Ethereum involves paying gas fees proportional to the contract's complexity and size. Interacting with deployed smart contracts (e.g., executing functions, transferring tokens) also incurs gas fees. Optimizations: Developers are incentivized to optimize their smart contracts to minimize gas usage, making transactions more cost-effective for users. 3. Asset Transfer Fees: Token Transfers: Transferring ERC-20 or other token standards involves gas fees. These fees vary based on the token's contract implementation and the current network demand.
Beginning of the period to which the disclosure relates
2024-03-27
End of the period to which the disclosure relates
2025-03-27
Energy report
Energy consumption
1928.87708 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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