On 24th May, 2019, Verasity, the digital currency for online video players announced a partnership with Binance Chain, a blockchain software system developed by Binance and the community, in a move that will bring about a new incentivised video economy. This will pave the way for more global publishers, creators and advertisers to enter the crypto space.
The reasons for Verasity’s impending move to Binance Chain include:
· Partnership with Binance has many intangible values as well as concrete ones
· Speed — more frequent block generation leading to faster transactions. It is based on the Tendermint BFT consensus algorithm without embedded smart contracts. The current TPS of the blockchain is thousands but can be scaled significantly.
· Time to confirmation — 1 second which is faster by an order of magnitude than any of its competitors not to mention Ethereum which is on average 6 minutes.
· Binance’s team intends to build the best DEX in the world and the Binance blockchain is designed to handle a great amount of trading volume with a high level of UI/UX. Their DEX is already handling the highest amount of organic traffic of any DEX available.
· Scalability — The Binance blockchain appears to be on equal footing with leaders like EOS, Tron and Stellar.
· Security — decentralized exchange of tokens
· Security — listing of new tokens are approved by the community, so a lower possibility of token spoofing
· Security — token smart contract is implemented by the blockchain and has a higher security level
· Price — lower and more stable TX fees
· Binance exchange is the standard for stable liquidity and low fees
· Given the product quality, the size of the financial resources and experience of the team, this exchange will likely remain in the leading position for the foreseeable future.
· Due to its huge trading volume and client base, Binance will be able to provide high liquidity on its DEX, quickly obtaining leadership in this space.
· BNB is available through all the CoinFlip ATMs
· Binance Coin is one of the best performing altcoins in the cryptoverse and that rubs off on all the BNB tokens of which VRAB will be a recipient.
· Binance has a developed infrastructure and significant resources to dominate most its business endeavours. Binance has the potential to become the most successful token launch platform and crypto accelerator. Biance’s team will also increase its presence in the crypto world as a decentralized exchange and payment coin. This means that the value of BNB token will only grow as will its partnered token VRAB.
If you missed the news we posted about our partnership with Binance Chain (with a quote from CZ) then click below:
Verasity Announces Partnership with Binance Chain
Binance Chain To Support Attention Based Video Token VRA
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 1.6 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 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 (ticker) is trading on:
VRA can be staked for 36.5% annual interest at https://verawallet.tv.
Anne Szustek Talbot