VRA

Overview of VRA

Verasity, known by its ticker symbol VRA, is a cryptocurrency that was founded in 2017 by RJ Mark and Chris Coney. This blockchain-based platform has been designed to engage and reward users with its VRA tokens. Its primary aim is to increase engagement and advertising revenues for video publishers on any video platform. It is commonly traded on exchanges including Binance, KuCoin, and Uniswap. When it comes to storage, VRA tokens can be held in a range of wallets like MetaMask, MyEtherWallet, and Trust Wallet.

Pros and Cons

Pros of VRA Token:

1. Designed to Increase Engagement: Verasity aims to boost user engagement on video platforms by providing a reward system in the form of VRA tokens. This system incentivizes users to view and interact with video content, ultimately fostering a more active community.

2. Awards Users with Crypto Token: Users earn VRA tokens by engaging with the video platforms. This unique feature provides an additional stream of earning crypto while performing common online activities such as watching and interacting with videos.

3. Wide Exchange Compatibility: The VRA token is supported by a wide range of cryptocurrency exchanges. Platforms such as Binance, KuCoin, and Uniswap enable users to trade VRA, enhancing its accessibility and liquidity.

4. Several Wallet Storage Options: VRA tokens can be stored in several crypto wallets including MetaMask, MyEtherWallet, and Trust Wallet. This flexibility offers convenience to users by allowing them to choose their preferred method of storage.

Cons of VRA Token:

1. Relatively New: Being founded in 2017, Verasity is a relatively new player in the field of cryptocurrency. This limited history makes it harder for investors to assess the long-term reliability and performance of VRA token.

2. Dependence on Video Platform Acceptance: The usability and value of VRA depend heavily on the acceptance by various video platforms. If these platforms don't embrace the reward system backed by Verasity, the relevance of VRA tokens could diminish.

3. Price Volatility: Like most cryptocurrencies, VRA token is subject to price volatility. This unpredictability can yield substantial gain or loss to investors in a short span of time.

4. Market Competition: The online video industry is highly competitive. While Verasity's approach to user engagement is unique, it still faces competition from other cryptocurrencies catering to similar markets. This competition could impact the adoption and value of VRA tokens.

What Makes VRA Unique？

As a cryptocurrency, VRA presents several unique features that differentiate it from other digital currencies. Its innovative aspect lies primarily in its application in the video entertainment industry, specifically its engagement reward system. Verasity was introduced purposefully to address issues plaguing the online video sector such as lack of user engagement and subpar advertising revenues. Unlike traditional cryptocurrencies which mainly function as an alternative to standard financial transactions, VRA extends its utility to enhance user experience on video platforms.

What stands out in Verasity's approach is its VRA Reward Product, which rewards users for interacting with video content. Users earn VRA tokens by watching and engaging with videos, thus adding an income stream to their regular activities. This concept is notably distinct from conventional cryptocurrencies.

However, this also means that the success and effectiveness of VRA are intertwined with the acceptance and integration of this reward system on video platforms. While some cryptocurrencies derive value primarily from their perceived use as an alternative or adjunct to traditional financial systems, VRA's value proposition largely rests on an industry-specific application. This direct applicability to a particular sector—video entertainment—sets it apart from many other cryptocurrencies that primarily function as digital 'gold' or a blanket solution to generic financial transactions.

It's important to note that although Verasity's novel approach to integrating cryptocurrency into the video platform system is innovative, it also comes with its unique set of challenges. These include dependency on participating platforms, competition within the industry, and the typical risks associated with cryptocurrency investments, such as price volatility.

How Does VRA Work？

Verasity operates on a unique model that integrates blockchain technology with online video platforms to enhance user engagement and generate additional advertising revenue.

The working principle of VRA involves its patented Proof of View (POV) technology. This technology assures that all views on the platform are real and ensures accurate and secure audience metrics. This, in turn, helps eliminate ad fraud and results in higher income for publishers.

Verasity's business model works by leveraging the purchase of its native VRA token. Users are incentivized to watch and engage with content, as they are rewarded with VRA tokens. These tokens can then be used to access premium content, donate to influencers, or held for potential appreciation in value.

The tokens can also be traded on various exchanges, providing liquidity in the market. When tokens are used within the Verasity ecosystem, a portion of them is burnt, reducing the overall supply and thus potentially increasing the value of remaining tokens.

Thus, the working mode of VRA introduces a cyclical economy within the platform, wherein viewers earn tokens by engaging with content, use tokens on the platform, and a portion of the tokens is then removed from circulation.

It's important to note that Verasity doesn't host videos or operate as a video sharing platform. Instead, its technology can be integrated into existing platforms to augment their monetization strategies. This functionality is what primarily sets Verasity apart from other cryptocurrencies and allows it to operate within the vast video-sharing market.

Circulation of VRA

The price of Verasity (VRA) has fluctuated significantly since its launch. It reached an all-time high of $0.60 in November 2021, but has since fallen to its current price of $0.0333 (as of September 26, 2023). This represents a decline of over 90%.

VRA is a non-mineable token, which means that there is no mining cap.

The total circulating supply of VRA is 10.31 billion.

Exchanges to Buy VRA

The purchase of VRA tokens, also known as Verasity, is supported by a variety of cryptocurrency exchanges. Some of these platforms include:

1. Bitfinex: This reputable trading platform supports various cryptocurrency pairs including VRA/USDT and VRA/BTC.

2. KuCoin: Known for trading a wide range of cryptocurrencies, VRA can be exchanged for cryptocurrencies such as USDT and BTC on KuCoin.

3. BitMax: On this platform, VRA tokens are available for trading primarily with the USDT pairing.

4. MXC: This exchange supports trading pairs that include VRA/USDT.

5. DigiFinex: On DigiFinex, VRA can be traded against USDT.

6. CoinEx: This platform also supports the trading pair VRA/USDT.

7. Uniswap: As a decentralized platform, Uniswap allows for the exchange of VRA tokens against Ethereum (ETH).

8. Bilaxy: On Bilaxy, the primary trading pair available for VRA is against Ethereum (ETH).

9. Stex: This platform supports the trading pair of VRA and BTC.

10. HitBTC: On HitBTC, VRA can be exchanged for USDT and BTC.

Always remember that before proceeding with trading on any exchange, it's crucial to explore and understand the associated trading fees, withdrawal limits, and security measures. Trading conditions can vary significantly from one platform to another.

How to Store VRA？

VRA, like other cryptocurrencies, can be stored in various types of wallets, each providing different levels of accessibility, security, and control. However, because VRA is an ERC20 token built on the Ethereum blockchain, only wallets that are compatible with these types of tokens can store VRA.

The types of wallets to store VRA tokens are:

1. Software Wallets: These wallets exist in software form on your Desktop or Mobile device. They are accessible from the device on which they are installed and provide a good balance between convenience and security. Examples include MetaMask, MyEtherWallet, and Trust Wallet.

2. Web Wallets: These wallets are accessible through web browsers and can be accessed on various devices as long your private keys are with you. MyEtherWallet is an example of a web wallet.

3. Hardware Wallets: These wallets are physical devices used to store your private keys offline. They provide the highest security but are less convenient for frequent use. Ledger and Trezor are the most popular choices for hardware wallets that support ERC20 tokens such as VRA.

4. Mobile Wallets: These are apps installed on your phone, allowing quick and easy access to your tokens. Examples include Trust Wallet and MetaMask mobile app.

5. Paper Wallets: A paper wallet is a physical copy or printout of your public and private keys. It is considered one of the most hacker-resistant wallets. However, paper wallets are not typically used for ERC20 tokens like VRA.

Before choosing a wallet, it's important to consider its security features, ease-of-use, and compatibility with VRA and other tokens you hold. For total control over your tokens, ensure the wallet gives you access to your private keys.

Should You Buy VRA？

Verasity (VRA) might be of interest to various types of individuals, given its distinct feature set and focal sector. Here are some groups that might consider investing in VRA:

1. Crypto Enthusiasts: Those interested in novel applications of blockchain technology, especially its use in the online video industry, might consider investing in VRA.

2. Online Publishers/Influencers: Individuals who generate and publish video content could utilize VRA as a tool to boost engagement and monetize their content more effectively.

3. Long-Term Investors: Those looking for long-term investment opportunities in the crypto market might consider VRA, given its intention to solve real-world issues in the video industry.

4. Speculators: As with any crypto, traders and speculators might see VRA as an opportunity to profit from price fluctuations.

Professional Advice:

Before purchasing VRA or any other cryptocurrency, it's crucial to perform thorough research and understand the project's vision, utility, use case, and potential risks. Some key points to consider include:

1. Understand the Market: It is important to have a broad understanding of the cryptocurrency market, which is known for its volatility. Prices can fluctuate rapidly in very short time, which can lead to significant financial loss.

2. Research the Project: Analyze Verasity's whitepaper, project objectives, competitive positioning, and long-term vision. Understand how VRA solves a problem or provides a better solution than existing ones.

3. Invest Wisely: Only invest money you can afford to lose. Cryptocurrencies carry significant financial risk.

4. Diversify: Spread investments over different assets to spread risk.

5. Safe Storage: Consider storing your VRA in a secure wallet and keep private keys private to prevent theft.

6. Stay Updated: Keep tabs on news and developments about Verasity as changes in the project can impact future prospects and token value.

Cryptocurrency investment carries significant risk and is not suitable for everyone. As such, potential investors should consider their own risk tolerance and investment objectives and seek advice from an independent financial advisor if necessary.

Conclusion

Verasity, denoted as VRA, is a unique cryptocurrency aimed to redefine the online video industry. Since its inception in 2017, the cryptocurrency has been developing its Proof of View (PoV) technology to tackle issues such as fraudulent views and insufficient user engagement in the video industry. VRA rewards system, if accepted by video platforms, has the potential to significantly boost engagement and ad revenues.

Anticipating whether or not VRA can appreciate in value or will be a profitable investment hinges on several factors. These include but are not limited to, the widespread adoption of its technology by online video platforms, continuous innovation, and stability and growth within the broader cryptocurrency market.

As with all cryptocurrencies, VRA comes with its share of risk such as market volatility and competition within the industry. Therefore, any potential VRA investors should conduct thorough research, stay updated with Verasity's developments and the broader crypto market, and consult with a financial advisor if necessary.

FAQs

Q: Where can one purchase VRA tokens？

A: VRA Tokens are purchasable on numerous exchanges such as Binance, KuCoin, Uniswap, MXC, and CoinEx, among others.

Q: What factors might affect the future appreciation of VRA？

A: Factors like acceptance by video platforms, market competition, continual innovation, and the overall stability of the cryptocurrency market can influence the potential appreciation of VRA.

Q: Can VRA tokens be stored in any wallet？

A: VRA tokens being ERC20 tokens can only be stored in wallets that support these types of tokens, like MetaMask, MyEtherWallet, and Trust Wallet.

Q: What is the operational principle of VRA？

A: VRA works on a reward-based principle, incentivizing users to interact with video content by offering VRA tokens.

Q: What is unique about Verasity's PoV technology？

A: Verasity's patented Proof of View (PoV) technology allows the assurance of genuine views, giving way to accurate and secure audience metrics.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.