Verasity is a next-generation video sharing platform designed to liberate creators and benefit viewers by rewarding users with a cryptocurrency called VERA that is easily convertible into traditional cryptocurrencies.
Every video view on Verasity translates into a fraction of newly minted coins: VERA is minted and distributed to platform users daily as rewards based on Proof of View™. Over time, as VERA accumulates, it can be cashed out for traditional cryptocurrencies or spent on donations to content creators, channel subscriptions, pay-per-view purchases or staking in favorite video channels on Verasity for future monthly dividend payouts.
The Proof of View properties and a fair coin reward distribution algorithm are built into the VERA coin in order to promote currency appreciation though growth of value exchange within the Verasity video sharing
Founders identified opportunity for Blockchain based video platform and started investigations. - Delivered
Adapted an existing white label UDP video player and CDN which has proven scale - Delivered
UDP Video Player technology built into Chromium. TCP fallback integrated into player for seamless use on non-UDP enabled browsers - Delivered.
UDP video player tested with Akamai at 30m+ unique users per month - Delivered. Assemble core team and advisors - Delivered. Write and validate white paper - Delivered. Investigation into Blockchain ledger - Delivered.
Creation of foundation structure - Delivered.
Public launch of project - Ongoing.
Fundraise through private sale - Ongoing.
Launch dedicated landing page to support KYC/AML - Ongoing.
Launch public sale. Release VeraPlayer prototype. Release VeraWallet prototype. Expand team of engineers.
Release and test Blockchain.
Airdrop VERA onto Verasity Blockchain.
Launch beta of VeraCast.tv to a select group of creators. Launch CMS and Analytics. Launch internal exchange.
Launch full version of VeraCast.tv.
Launch Channel Stake Marketplace.
Add advertising as a monetisation option.
Target non crypto viewers for mass adoption.
Launch mobile apps. Scale platform to 5m Vera wallet holders.