It’s been a pleasure hosting two large AMAs on the Binance DEX and TrustWallet Telegrams in the past month. We’ve gained a lot of new members in the Verasian family! If you missed the Binance DEX AMA summary post then click below to view it:
We also heard the community’s request to introduce a referral feature for our mobile app, Triviata, so we listened and delivered. The referral feature can literally make you rich! You earn 10% of all earned crystals from your referred accounts… that’s not all though, we’re hosting a $4,000 competition right now to celebrate the launch of the referral feature. Check out the post below for more information on the update and competition:
Let’s dive into the TrustWallet AMA. We’d like to give a big thank you to Mario from TrustWallet for hosting this alongside the Verasity Co-Founder Chris Gale.
Mario: Hey Chris, would you like to introduce yourself?
Chris: Hi everyone, it’s great to be here. Thank you Mario and the Trust Wallet team for organizing this AMA, and to all of you for attending. I’m Chris Gale, Co founder at Verasity $VRAB. I am a tech entrepreneur, specializing in the advertising technology and video. I have been a crypto investor and in the Blockchain industry for the past 4 years.
Segment 1: Questions and Answers:
Q1. Can you explain how Verasity works for those who are not aware yet?
A.1 Verasity’s solution aims to reward users who would usually be exchanging their privacy and data to advertisers and creators for free. Those same advertisers and creators benefit also by getting higher engagement rates, more views and overall get a higher revenue, everybody wins with Verasity!
Verasity is also working with mobile gaming publishers to develop games that earn crystals which can be converted to VRAB in the VeraWallet. We just announced our first mobile game, Triviata.
To facilitate our cryptocurrency, we created VeraWallet.tv, the first crypto wallet that lives within the video player and rewards viewers crypto based on their attention and engagement all across the web.
When you are watching a video that is using Verasity’s rewarded technology, a trophy icon in the top-right hand side of the player lights up once a user has watched 80% of the video. The user clicks this and creates an account to claim the tokens — very simple!
You can try it out on a partner site here cryptonews.com here — https://cryptonews.com/videos/when-will-facebook-s-libra-launch-384.ht
Q2. What problem does Verasity aim to solve?
A2. In an era where online advertising models prevail across the modern web, users and publishers continue to suffer the most. Outside of the privacy intrusions and general lack of transparency that comes with websites peppered with banner ads (i.e., hyper micro-advertising), publisher engagement metrics and revenue is down, and ad blocking precludes many services — disrupting publisher workflows in the process.
That’s why we built Verasity.
Verasity can bring crypto to the masses, change the playing field and reward users for their valuable time, data and attention while also ensuring that publishers workflows are not changed, making it accessible for over 2 million video publishers with 550 million users and 110 billion monthly views. This generates a thriving token economy among viewers, publishers, and advertisers.
Q3. What are some notable milestones you have achieved since launching?
A3. Since launching we have on-boarded numerous mid-size publishers and have listed on over 11 exchanges in total so far.
One case study with eBonus.gg, their CEO reported an 18% increase in views and a 35% increase in total watch time, which significantly increased their revenues.
We have seen that our solution works well and delivers positive ROI for publishers.
“And these % values have persisted! Really impressive gains in an industry where even a few % points make all the difference in profitability. Thank you Verasity!”
Here are the platform growth numbers:
We are working on increasing the utility of the VRA token which will entice more mainstream publishers to the platform who today are holding back due to the complexity of crypto in general.
Oh and we have a staking program which is proving very popular with our community, rewarding 0.1% a day or 36.5% a year.
Q4. The Crypto world is too familiar with the fact that projects need a real use case in order to flourish. Has Verasity got any products and partnerships where we can see the technology working?
A4. Verasity technology is already available to over 2 million video publishers with 550 million users and 110 billion monthly views.
We made that possible by integrating Verasity technology with the following video players on publishers’ sites: YouTube, Twitch, Vimeo, JWPlayer, Brightcove, Kaltura, VideoJS, Flowplayer, and Ooyala which represents over 95% of all the video players utilized. What’s amazing about Verasity for publishers is that they do not have to change their workflow at all, they simply plug in our SDK to their existing video player and it works!
We have written over 1 million lines of code and have a patent-pending for our technology. Verasity’s SDK also works across desktop and mobile, with Android and iOS apps using the technology.
Our Crypto Exchange product is also starting to gain traction. We have built a library of the top 400 crypto project explainer videos and offer a bespoke player to integrate directly into the trading page. Now a user can watch the video to learn about a crypto asset and earn VRA while then trading that asset. Coinsuper is an early partner and results are showing higher engagement, traffic, and trade volumes by adding a video. More exchange partners will be announced.
You can explore a number of our participating publishers at verawallet.tv/earn-vra and earn VRA while you watch the videos.
Q5. You mentioned earlier you have got a mobile app called Triviata, do you want to elaborate on that further?
A5. Indeed Mario, we do! We have been working with mobile app game developers to create apps where users can earn crystals which can be converted to VRAB in the VeraWallet.
Verasity is now negotiating with one of the largest mobile ad networks to provide VRAB as a reward in-game as the first cryptocurrency to be made available in-game. This will positively affect our tokenomics!
We are celebrating the launch of Triviata by hosting a $10,000 VRAB competition which you can enter by simply installing our app. Will leave the link here if any of your community wish to enter it.
For information about the competition: http://ow.ly/stSS50wHxCn
For all questions and support, join the official Verasity Mobile telegram group: https://t.me/verasity_mobile
Segment 2: Multiple choice questions
NOTE: This section of the AMA was done live, but we’ve included this in the summary so you re-experience it! You won’t be able to answer the questions but the results are in the google form links. If you want to get the full experience, write down your answers and check the answers after (No cheating though, there’s no fun in that)
Form 1: https://forms.gle/iF85JWNRzKzniz3M9
Q1: What does Verasity do?
- builds the infrastructure for publishers to serve attention-rewarded video to billions of viewers
- Make a music streaming platform
- Provide email software to companies
- Operates a video sharing platform
Form 2: https://forms.gle/TmA1fLXPevK8n2R57
Q2: How many rewards do you earn per year when staking VRA?
- 12%
- 20%
- 50%
- 36.5%
Form 3: https://forms.gle/gpwKAXpQmqqQrCcG6
Q3: How can you earn VRA?
- Reading an article
- Reading a book
- Watching a video powered by Verasity Technology
- Filling out questionnaires
Form 4: https://forms.gle/6PN5Cp62bixeod5QA
Q4: What was the first exchange to implement Verasity’s rewarded video technology on it?
- Binance
- Okex
- Liqui
- Coinsuper
Form 5: https://forms.gle/QQc1QgbZSmi4ssCD9
Q5: What is Verasity’s first mobile app called?
- Zoomer
- Kelopo
- Respoquiz
- Triviata
We hope you’ve enjoyed the past AMA’s we’ve done. We are definitely doing more in the future so keep your eyes peeled. 👀
About Verasity
Verasity is a leading company providing rewarded video player technology to major publishers across the globe. The patent-pending video player enables tokenized rewards (VRA) as well as loyalty schemes within a video player wallet. The unique technology is already available to more than 2 million video publishers with 550 million users and 110 billion monthly views bringing engagement and revenues back to publishers’ sites. Verasity’s attention-based model creates a thriving VRA token economy between viewers, video publishers and advertisers.
Verasity has a partnership with Binance Chain, a blockchain software system developed by Binance in a move that will bring about a new incentivised video economy.
Verasity is the future of online video.
Verasity Products include: VeraWallet: verawallet.tv
Verasity technology is now integrated into the following video players on publishers’ sites: YouTube, Twitch, Vimeo, JWPlayer, Brightcove, Kaltura, VideoJS, Flowplayer, and Ooyala which represents over 95% of all the video players utilized.
📈 VRA/VRAB (ticker) is trading on:
https://medium.com/verasity/verasity-list-of-exchanges-81a396a3efff
VRA and VRAB can be staked for 36.5% annual interest at https://verawallet.tv.
Follow the VRA token at CoinMarketCap.
Follow Us:
Medium: https://medium.com/verasity
Twitter: https://twitter.com/verasitytech
Website: https://verasity.io
Telegram Token Discussion: http://t.me/verasitychat
Telegram Token Announcements: https://t.me/verasity
Kakao: https://open.kakao.com/o/gh8ZK0cb
Facebook: https://facebook.com/verasitytech
LinkedIn: https://www.linkedin.com/company/verasity
Reddit: https://www.reddit.com/r/verasity
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