Guide to Automated Withdrawals in VeraWallet.tv
Verasity has announced the release of the Automated Withdrawals feature within its VeraWallet.
Verasity has listened to its community and implemented an automated withdrawal option which allows wallet holders, if they opt-in, to withdraw their VRA without manual review. This new feature means withdrawal times are reduced from up to 24 hours to only a few minutes.
The default for all VeraWallet accounts will be the standard withdrawals process (up to 24 hours) but if wallet holders wish to by-pass our additional security protocols then they can opt-in and Enable Automated Withdrawals, see the screenshots below.
The security and protection of our wallet holders remains central to Verasity therefore to qualify for Automated Withdrawals, the following two conditions must be met:
- Two Factor Authentication (2FA) must be turned on
- The VeraWallet account must have received at least 100,000 VRA in deposits
Please note, the majority of all Automated Withdrawals will be processed within a few minutes but there may be some cases in which a maximum of 12 hours are necessary for processing due to our cold storage facilities for security. There is no difference in the transaction fee charge between standard and automated withdrawals.
AN Automated Withdrawals opt-in check box can be found in the My Account screen and also within the Withdraw screen
About Verasity
Protocol and Product Layer Platform for Esports and Video Entertainment
The Verasity Mission
Verasity’s mission is to significantly increase engagement and advertising revenues for video publishers on any video platform.
How? Through its PoV Protocol, Product Layers & Platforms
- VRA Rewards — Product Layer
- Proprietary Video Player — Product Layer
- Proprietary Adstack — Product Layer
- Proof of View (US Patent Office #10956931 System and Method for Proof of View via Blockchain) — Protocol Layer
- PoV is the only Protocol Layer patented technology for the blockchain
- VeraWallet — Product Layer Payment System
Use Cases
Esportsfightclub.com — Esports Platform and Video Publisher owned by Verasity
This is Verasity’s most important use case because it combines all of the products into one Esports platform that Verasity owns and controls. The Esports platform has scaled to 8.6m viewers for its tournaments.
Verasity.tv — Aggregator of Publishers
Available SDKs which can be used by any publisher for the following video players: YouTube, Twitch, Vimeo, JWPlayer, Brightcove, VideoJS, Kaltura, FlowPlayer, iVideoSmart and others (90% of all video players in the West). This is now available for over 2 million video publishers struggling to survive on low advertising revenues.
Verasity Revenues
Verasity makes B2C revenues from its Esports Fight Club platform through subscriptions, commissions on prize pools, video ad revenues and transaction fees using Verasity products. Verasity will roll out its B2B products later in 2021 with attendant revenues. Verasity Roadmap
📖 Read our latest adoption metrics and one page overview
📈 Find where VRA (ticker) is trading on CoinMarketCap
VRA can be staked for 25.55% annual interest at https://verawallet.tv.
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