Here’s Why VRA Tokens Aren’t Tradable Right Now

Please note: VRA Tokens are not currently live on any exchange. Beware of scams.

The cryptocurrency market in 2018 has been “interesting”.

Ethereum’s dropped to prices we’ve not seen since August 2017, and BTC dominance has grown dramatically. At Verasity we’ve had to make some carefully considered decisions.

In an ideal world the market conditions would be better and we would have closed the VRA Token Sale by now. However, the falling market meant we were forced to pause the sale which has in turn pushed us back on exchange listings. Simply, it’s in no-one’s interest that we list on exchanges right now.

However, we have always been committed to distributing tokens on time. We needed to provide a solution so people could get their tokens when they expected.

To mitigate the risks of a secondary market opening up, we will be distributing VRA tokens but they will not be tradable until either VRA is live on the exchanges, or we launch our platform. Whichever of these events happens first will trigger the enablement of VRA tokens in wallets. Holders will then be able to send them to exchanges, another ERC-20 wallet, or spend them on the platform.

The issue with secondary market selling is that the market influences or sets the price of a token through unofficial deals. This complicates getting listings on main exchanges and even setting a post-token sale price. Then there’s the added complication for early token sale investors that the value of the tokens they’ve purchased can be eroded whilst there’s scarcity of demand due to a small number of sellers who have influence over the price.

Verasity is constantly trying to balance the need to protect early token purchasers, complete a successful token sale, and give ourselves the best foundation possible to build Verasity. On-top of all that we then need to sequence in launching VRA on major exchanges at just the right time.

We believe that by distributing tokens but not making them tradable until VRA is live on exchanges, or we launch the platform, we can achieve all of the aforementioned goals.

The goal is to have the second phase of the VRA Token Sale closed off by the end of 2018 and then launch on exchanges in Q1 2019 so that should give you an idea of when you’ve be able to trade the VRA Tokens in your wallet.

Thank you as always for your patience and understanding. The crypto-markets don’t always follow rhyme or reason but all the decisions we make are considered and for the benefit of the community and the future of Verasity as a whole.

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Verasity is a leading video platform providing unique Rewarded Player Technology to major publishers across the globe.

Our patent pending Rewards-as-a-Service (RaaS) Player enables VRA rewards, monetization and loyalty schemes within the player wallet. Our player technology is already available to 280,000 publishers with 240 million users and 50 billion monthly views. This brings engagement, audiences and revenues back to publisher sites. Our attention-based model creates a thriving VRA token economy between viewers, publishers and advertisers.

Verasity is the future of online video — Reach, Reward, Retain.