Verasity Receives an “A” Credibility Rating from Major Crypto Auditor, Xangle
Verasity is pleased to announce that it has received an ‘A’ Credibility Rating from Xangle, the independent public data disclosure and assessment service for cryptocurrencies and blockchain projects. Based in South Korea, Xangle is governed by the Bank of Korea and backed by Korean conglomerate the Hanwha Group; with executive officers from some of the most highly respected Korean firms.
Xangle’s Credibility Report carefully examines multiple aspects of a project to determine its position in the market, technical robustness, and financial stability. Passing a Xangle Credibility Report is essential to list on cryptocurrency exchanges in the East Asian nation, one of the hottest locations for digital assets and cryptocurrency trading. As the most comprehensive data disclosure report and audit in the world, passing an Xangle Credibility Report is a major milestone for the Verasity protocol — setting a new standard in transparency for its rapidly growing community.
Xangle performed a comprehensive audit of Verasity’s tokenomics, management team, financial sustainability, commercial opportunities, and other project fundamentals. Within the audit, Xangle included both on-chain and off-chain data in order to reach an unbiased final credibility rating. All further disclosures must now remain up to date within 48 hours of recent activity.
A financial sustainability review was conducted in order to take into account information such as cash and asset holdings, and the proportion of Verasity’s digital assets that have been hedged. This ensures that Verasity has adequate financial runway to continue operations and growth without embarking on further tokensales. Xangle also conducted due diligence on Verasity’s top management and executives, including their work experience and prior achievements. In addition, Xangle verified existing technical audit reports taking into consideration which third party organization conducted the audits.
Across all the categories Verasity was rated as ‘High’, and in ‘Technical Audit and Legal’ Verasity was rated as ‘Very High’, giving an ‘A’ credibility rating overall. Achieving the ‘A’ Credibility Rating puts Verasity on the same credibility level as projects such as Theta, Basic Attention Token (BAT) and VeChain.
Robert Keogh, Financial Director at Verasity, says:
“We are delighted to have achieved an ‘A’ credibility rating from Xangle, arguably the most respected and highest standard audit firm in the entirety of crypto. We commissioned an audit to give our community our full assurance that we were building transparently and sustainably. Our ‘A’ rating, which puts Verasity shoulder-to-shoulder with giants in the crypto industry, is testament to that. I am immensely proud of what our team has achieved.”
Verasity will now focus on its remaining goals for 2021, including the launch of VRA digital purchases for gaming hardware enabled partnerships, building out further NFT capabilities, and improvements to their ‘Proof of View’ technology.
Follow Verasity’s social media channels to stay up to date with latest news and announcements:
- Twitter: https://twitter.com/verasitytech
- Telegram: https://t.me/verasity
- LinkedIn: https://www.linkedin.com/company/verasity
- Discord: https://discord.gg/TSmFsjdPft
- Reddit: https://www.reddit.com/r/Verasity/
About Xangle — Xangle is a global leading crypto asset disclosure platform working with global leading players to bring data transparency by providing full scope information on assets. Xangle sources and curates on-chain data and assists in off-chain inputs and this combination of on-chain and off-chain datasets can provide a complete 360-degree overview for any crypto asset. Learn more here: https://xangle.io/.
About Verasity: Verasity.io is a protocol and product layer platform for esports and video entertainment. Verasity’s mission is to significantly increase engagement and monetization for video publishers on any video platform. Verasity products include: a proprietary ad stack and the VRA Rewards System integrated into SDKs for YouTube, Twitch, Vimeo and all major video platforms. Verasity’s patented Proof of View, a protocol layer technology offers transparency and immutability to defeat online ad fraud and NFT fraud. For more information, please visit https://verasity.io/
We speak your language!
Arabic — https://t.me/VerasityArabic
Chinese — https://t.me/Verasity_CN
Dutch — https://t.me/verasityamsterdam
French — https://t.me/Verasity_FR
German — https://t.me/GermanVRACommunity
Indian — https://t.me/VerasityIndia
Indonesian — https://t.me/verasityindonesia
Italian — https://t.me/VerasityItaly
Japanese — https://t.me/verasityjapanese
Korean — https://t.me/Verasity_Korea
Persian — https://t.me/verasity_irn
Philippines — https://t.me/verasity_philippines
Polish — https://t.me/VerasityPolishGroup
Portuguese — https://t.me/Verasity_BR
Russian — https://t.me/VerasityRU
Spanish — https://t.me/verasity_spanish
Turkish — https://t.me/VerasityTR
Vietnamese — https://t.me/Verasity_Vietnam
WeChat — PM @cryptomeo on Telegram
Korean Kakao — https://open.kakao.com/o/gZaO4N1c
If you are a Game Developer or Video Publisher and want to grow your audience and revenue by 500% click the link to talk to the team
