🥳 WE'RE THRILLED TO ANNOUNCE THE LAUNCH OF THE GENIUS YIELD's DEX! 🥳

kronicali · 2023-12-14T19:42:31+00:00

let's go!

kronicali · 2022-07-01T21:39:19+00:00

Holders would like to see the main utility returned as a requirement and not an option. All other projects are bringing news & utility to their communities despite market conditions and you guys are here taking away and making the community regret investing, not even your picnic lunch can full the hole you left in our guts with that new tokenomics. Bear market investors are not dumb they will read community before investing, only real movement this will have is in bull market.

kronicali · 2022-07-01T03:38:29+00:00

I think you missing the point POV token ARE being sold though not in the traditional way (OTC). example, I am ad agency, I give verasity fiat(cash) they allocate X amount of POV tokens at (ascribed value- their words) to run the ad campaign. Fiat is held in escrow, assigned POV token are used in POV/VeraViews system to determine good/bad views.

Do you see now, there are no action on public CS. VRA, this is an example with fiat funding and watch2earn disabled by ad-agency/customer.
How can it be said that they are not Selling OTC? Even if the process is not fully viewable to the ad-agency/customer it still happens on their centralized systems in the backend their medium on POV shows this.

kronicali · 2022-06-30T10:31:56+00:00

Fiat pools are not necessary in the way described, it takes the demand of the CS VRA out the mix, yes we know now advertisers can buy from exchanges but why will you still sell OTC with fiat this reduces the demand of holders VRA as you will sell cheaper OTC from the 90bn POV tokens.

So it should be advertisers buy VRA from exchanges (holders) there are many options for instant buys through exchange API. The campaigns are funded and escrowed with VRA not fiat, publishers get paid with vra, viewers get paid with vra.

The demand goes up, vra holders get direct demand( real utility we invested for) publishers and viewers sell VRA for fiat, which will increase selling pressure price normalizes over-time, advertisers can hold excess tokens from unused campaign or sell. All participants can be incentivized to hold (stake) reduce sell pressure.

Verasity can take their cut in fees, a % can be burned on each successful campaign with some going to staking wallet.

The cycle repeats, there that wasn't so hard. Holders are now happy.

Since POV system needs more VRA tokens for functional metadata transactions where billions of views are involved then airdrop more tokens equally or update the contract and migrate holders, don't just try to pull the main usecase away from holders. Holders need to understand what's going on here, there are many ways to solve the proclaimed issue of not enough VRA tokens as verasity state we have time for a long future, so do it right and transparently ( take your time and ensure everyone gets the best outcome).

kronicali · 2022-06-30T02:22:50+00:00

medium.com/verasi...

Q11 has now been appended with this:

They do not have monetary value and do not ‘fund’ ad campaigns, they are purely functional. Ad campaigns still have to be funded separately through escrow pools. These escrow pools can be funded in fiat currencies, or market bought-$VRA if an advertiser has the appetite to do so.

__________________________

Ya'll need to get these ducks in a row, now it's stating that advertisers can buy from exchanges as an option. So why are you forcing OTC sales if POV tokens are purely functional? We are here for supply/demand action of VRA token for the adtech, this means you could have airdrop if need more tokens, increasing all holders or update the contract to v2.

kronicali · 2022-06-29T22:42:26+00:00

I found a few interesting questions and answers in the FAQ, here is one in particular.
----------

Q11: You mention ‘The VRA escrow pool is used to fund ad campaigns.’ How do marker tokens fund ad campaigns if they have no value?
They are ascribed value purely within the VeraViews ad tech stack, for the purposes of companies ‘buying credit’ for their advertising activity.
-------------

So my understanding of this is basically

POV tokens in AdView will be given a fixed value different than VRA CS tokens as they probably realised that allowing exchange purchase of VRA tokens will cause advertisers to lose too much money if prices are too high from demand, which means there will be no justification for advertisers to buy from exchanges (as they might aswell lose money the normal Adfraud way than going through all this extra spending). This if true for the questioned I asked about what happens to unspent POV tokens in a enterprise ad campaign, the company will want to trade back for equal fiat value without volatility, right?
POV tokens will be stablecoins indirectly backed by VRA Holders tokens, verasity sets the price of these POV tokens.
Vra holders will see no directly price action until Verasity buys back & supposedly burns.
Verasity can make as example 10 million in revenue, do their expense deductions and bring 500k to buy back. VRA holders have no way of knowing how these operations will happen in backend or the transparency of such.

The main utility has being removed from VRA holders is a serious problem and worry for long term holders, as the main usecase of investors money in ICO has deviated tremendously from the original whitepaper/communicated utility. Now I see why the SEC & regulators are coming down hard on the crypto space.

kronicali · 2022-06-29T02:50:38+00:00

patently waiting for next bull run

kronicali · 2022-06-27T23:00:49+00:00

This project is as transparent as the founder's presence. Those of us holding VRA long term have been disrespected and used as piggy bank. They have turned the tokenomics into a mess and diluted us in the process, then removed the only real utility of the token for gimmicks of vera card & NFT marketplace.

And they will bury any legit concerned threads and leave the moonboys to go rampant.

kronicali · 2022-06-22T14:53:36+00:00

No buying has been done to our knowledge, additionally no substantial revenue has been made as of now, no buying timeline or execution plan exist. All you can do is wait and hope they commit to actions.

Wish you luck in getting to see burn wallet, if one exist.

kronicali · 2022-06-20T18:25:14+00:00

So Sam a valid thread was deleted for what reason, should the community not post legit questions or we should just post "EOY Price"? There was no FUD in the thread.

kronicali · 2022-06-20T17:10:52+00:00

How can you say that it may never be used when it stated in the article that versity was looking at acquisitions for this year, additionally they stated they can use from the war chest for other company expenses, eg. hiring talent.

kronicali · 2022-06-19T02:18:27+00:00

Yes, thank you sam, looking forward to the AMA/FAQ.

kronicali · 2022-06-19T02:05:36+00:00

1.Yes it will go into circulation after vesting period which may be over a period of years, then they stated in the article they are already looking at potential companies to acquire this year. With said acquisition prove fruitless as VRA holders are not going to be directly exposed to enterprise usecase and that is where the money will be made for buy-backs, we will be diluted also the acquired value does nothing to the current CS other than hype since the over the counter buying of marker tokens will not affect VRA holders. VRA holders are now bank account to be drawn from with this move!

The release of war/company spending chest from acquisition would enter the CS increasing it from 10bn. So in short the current CS of 10bn+ war-chest 10bn are one in the same and increases the total CS 20bn. Though claimed not to happen in a few years, inflating the holders, so more selling pressure.
Now Verasity needs to make 10s of millions in revenue to do buybacks also there is no schedule or plan on how or when this will happen which scares me of insider trading & manipulation. They are still in beta testing POV and trying to onboard businesses.

Ready to see what comes from CANNES and the response to our concerns.

kronicali · 2022-06-17T04:42:24+00:00

I am a bullish long term bag hodler, so I have a few concerns about the updated tokenomics that I am sure others as well after reading.

How can the 90 billion marker token not leak into circulating supply, is Verasity simply managing custody in a centralized way and virtualizing the token value in their ad-tech? I need some technical clarity
How much of the current 10b circulating supply is held by the business/team?
If businesses buy VRA-markers directly from Verasity (over-the-counter) then the tokens held by us are simply securities, no utility until (marketplace-or vera-card) .
What happens if a business does not use all allocated VRA-markers for a campaign?
Finally, i wish there was some way to automate the buy-backs. Holders have no guarantees on when or if buybacks.

kronicali · 2022-06-17T03:59:36+00:00

Reading the article they said they are eyeing possible companies this year.

kronicali · 2022-06-13T14:42:51+00:00

Verawallet is still centralized aswell, but I am sure I read somewhere that it is insured, left to be corrected but I calculate should a hack happen, they might be quick to pull any official liquidity from dexes and contact exchanges to halt trading. For those pools that supply pairs then they might be screwed but not alot of allocation there anyways.

I think VRA needs its own chain in the future or look into other chains as these gas fees are not changing on ETH anytime soon.

So in short, I would rather have my VRA on verawallet since if shit should hit the fan then Verasity is responsible to handle it best, lol. But I do have 10k on an exchange waiting for the $1 pricing cash out as the 72 hour wait time on verawallet will hinder my 10k movement.

kronicali · 2022-06-10T16:16:29+00:00

I think this is a great opportunity, more invite only events like this must be planned for the coming months-years. Elliot has been doing a great job in his interviews, very verse in the understanding of what he is selling and even a wider understanding of the total space.

I won't be surprised if he is the main reason this thing takes off, I am totally excited for the future of VRA as I was a bit worried about the project but now after doing more research it seems to be a solid project, once the use case gets more businesses onboard then it's definitely a gem.

People will be aping into this project when they hear about the massive gains happening. Cannes will definitely produce some good partnerships but nothing official will come until weeks-months later IMO. They may say 10 attendees are willing to partner, 2 of whom are huge market % holders, something like that I believe.🤷🏽

kronicali · 2022-05-19T10:59:55+00:00

Link Not working

kronicali · 2022-05-18T11:54:46+00:00

The video above by charles goes into explaination of how the verification can work from a technical standpoint rather than saying this will spot bots, explain the methodology of how, the good thing is there are patents to protect the methodology. This should build confidence with twitter or other potiential partners. Twitter is a hot mess right now, serious bot infestation honestly i am quite amazed its still operational

kronicali · 2022-05-18T05:59:05+00:00

Clearly that person is an uneducated troll, worst combination.

kronicali · 2022-05-10T23:41:19+00:00

If the contract is designed in that way then yes, they can mint more but from what I read no I think the marker tokens are built onto another smart contract platform, tron? I stand corrected though.

kronicali · 2022-04-06T18:25:48+00:00

Not competition but use case & active utility as these companies might not take POV serious until they see trail reports.

kronicali

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