Starting in April 2018
In the last year, we have seen the emergence of a new way to fund companies throgh initial coin offerings or ICOs. We have seen a large number of companies raise millions by issuing tokens to either qualified investors or the general public. However, along with genuinely interesting well-meaning projects, we have seen some number of faudelent, bad-faith efforts, as well. Exactly how to tell these projects apart remains a difficult challenge.
The mechanism of an ICO traditionally has relied on a detailed document referred to as the whitepaper, which typically describes what the company will do and justifies its technical and business choices. Clearly, some of these ideas simply do not add up, leading to either failed ICOs or companies that are likely to fail.
Our goal is to carefully read and understand an ICO whitepaper at every meeting. We want to bring some amount of clarity to a space which has a lot of noise. We hope to develop a methodology for critical assessment of ICOs and comparing them to each other. We will approach this task from both a technical and a business perspective.
In the Verasity ecosystem, our patent pending “Proof of View” blockchain-based technology guarantees accurate audience metrics, ensuring the true value of content. Video Creators earn directly from Viewers who use VERA coins to purchase pay-per-view videos, subscriptions, or donate.
Community members transact directly with each other using Verasity’s VERA coins. VERA is either bought or earned as a reward for watching and sharing videos. Creators can use the innovative “Spark Marketplace” to fund development of their channel. Community members who buy and hold these “VeraSparks” receive a share of a channel’s future revenue.