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Timeline
Part 1
$100 VTS/6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2
$100 VTS/10 users – Open chat for 120 seconds. You can post Max 3 questions. Veritise Team will select 10 questions and answer them.
Part 3
$300 VTS – A quiz about Veritise
Rules
Total Reward pool
$500 VTS
Hello VeriTise team!!!
I want to talk about your staking protocol.
What are the requirements for me to stake on your platform? What is the minimum amount of $VTS token that I can stake?
From your website, you made mention of two methods of staking the $VTS and earning through it. You made mention that staking can be done either by setting up my own node or by delegating my account to another existing node. What are the difference between these two approaches?
I couldn’t see much detailed explanation about your APY on Staking on your website. What is the APY for staking on your platform? Is the APY fixed or flexible? What other benefits do I stand to get from staking on your platform?
Thank you!!!
Greetings VeriTise team!!!
Welcome to satoshi club
Great to have you here
I want to talk about your tokenomics. The $VTS token has a total supply of 300 million $VTS tokens and that from your allocation I can see that you have 41.7% for public sales, 25% for private rounds, 8.3% for Future rounds. Can you briefly explain these sales rounds? When will the private and public sales be available? What are the requirements to partake in either the private or public sales?
Is the future rounds literally meaning for the future sales? If so when will the future sales be in accordance to your plans?
I see that you only have 5% allocated for team and 1.7%+1.7%(3.4%) only for co-founders, allocating such little to the team and so much highly for investors, doesn’t that make the token susceptible to whale influence? Do you have an anti-whale mechanism for your token sales?
Thank you!!!
Hello VeriTise team!!!
I want to talk about your token and it’s utilities.
The $VTS token has a supply of 300 million tokens with a maximum inflation of 1% annually. What do you mean by that? I saw that you recently listed the $VTS token on Bitmart. What are the trading pairs for the $VTS token? What blockchain is the $VTS token built on? Why did you choose Bitmart for your first listing?
Talking about utilities of your token, does the $VTS have other utilities outside the VeriTise platform? What are the utilities it serves outside the VeriTise platform? Does the $VTS token have governance features? What is the minimum $VTS that I must hold to have a say in governance? Will the Governance capability be proportional to the amount of $VTS in possession or to the duration of $VTS I have in custody?
Thank you!!!
The Veritise blockchain works with a Delegated Proof of Stake consensus mechanism which implies that if you own VTS you can earn more VTS by ‘staking’ and I understand that there are 2 ways to do this; users can set up thier own node or use delegated harvesting in Veritise wallet. Can you explain more on my aforementioned methods through which users can earn more VTS by Staking? Can you elaborate on Delegated Harvesting and how it works? I also understand that 3 different staking mode available on Veritise which includes Local staking, Remote staking and delegated staking, can you explain on these 3 different staking modes available along with thier differences? What are the requirements for users to begin to earn through staking in Veritise..?
The Veritise blockchain works with a Delegated Proof of Stake consensus mechanism which implies that if you own VTS you can earn more VTS by ‘staking’ and I understand that there are 2 ways to do this; users can set up thier own node or use delegated harvesting in Veritise wallet. Can you explain more on my aforementioned methods through which users can earn more VTS by Staking? Can you elaborate on Delegated Harvesting and how it works? I also understand that 3 different staking mode available on Veritise which includes Local staking, Remote staking and delegated staking, can you explain on these 3 different staking modes available along with thier differences? What are the requirements for users to begin to earn through staking in Veritise..?
Veritise provides verification, identification, data collection and analysis services for companies and individuals. Can you elaborate more on Veritise Blockchain and Its key and distinct features which it offers for users? and also Central to these functionalities is the Veritise Enterprise-grade blockchain for its ability to transact and store data securely and immutably. Can you explain more on Veritise Enterprise Grade Blockchain and also on how it would be able to Transact and store date securely and immutably?
focusing on Transactions types on Veritise, I understand that The Veritise network supports two fundamental types of transactions: basic transactions and aggregate transactions. Can you explain on the two different transactions types available on Veritise? Can you elaborate more on aggregate transactions and how it works? What is the Minimum and maximum amount of Signatures that can be set by users for an aggregate transactions to be processed?
Greetings VeriTise team!!!
In your roadmap, this month of October is when you will incorporate the VeriTise car configuration app. You mentioned that “Veritise developed a car configuration app using its blockchain for event history and mechanic logging”. Can you give us more details about the app? How does the app work? Do you have any way of showing how this app work visually? What is the compatibility of these app in relation with cars that it can be used on? Is it pre-installed into a device to be connected to the car? What is needed to get the app? Has it been launched already, if yes can you share with us how we can get and use it?
Thank you!!!
Hello VeriTise team!!!
I want to talk about your blockchain and it’s technology. In crypto, every blockchain should have the blockchain trilemma in sight for their development. The scalability, security and decentralization. As a security conscious project with the aim of securing enterprises primarily through identity verification.
How can I get verified through your biometric verification process?
What are the security protocol you have in place? What biometric engine are you using for your project? How accessible is your service to the general populace?
Will it be compatible with mobile phones?
How do you plan to integrate security with decentralization?
Thank you!!!
In this day and age fraud is more rampant than ever before. This threat has continue to rise year after year causing businesses and individuals across the world damages with identity theft being by far the greatest problems. Veritise has promise to solve this problem. Can you explain how Veritise will mitigate this threat securely? How will you protect brands under attack from fakes, forgeries and intellectual property thieves? Are there countries restricted from using your products or are you operating globally? As a manufacturer or as a brand, how do I get started with veritise, what are the requirements to apply for brand protection for my products? Does it require subscription fees? Please explain
Hello VeriTise!!!
Welcome to satoshi club.
From your introductory page, your most prominent catch phrase is Bringing Back Trust
Now we all know that trust is built overtime from constant tests and subsequent success. From your website, it shows that you’re involved in so many industries. So, you’ve come a long way already, what are the evidence you can show to us that can build our trust on your platform regarding good security? A good project that aims to gain trust should have a reputable partnership. Can you tell us who are your partners on your project? What significant contribution have they played to ensure the sustainability of your project? For your project to be trustworthy, you must guarantee the safety of assets of your users on your platform. What steps have you taken to ensure the safety of the assets of users? Can you share evidential proofs with us?
Do you have any reserve funds for unforeseen circumstances? Can you share more details about that with us?
Thank you!!!
Hello verities team,
I understand that there are different staking modes available on whether the staking account owns the node are : Local, Remote and Delegated. What are the requirements to be able to use the different staking modes? What are the key differences between the three staking modes and what are the pros and cons of the staking modes? In addition, verities blockchain network configuration has a predetermined network fee sink account that will receive a percentage of the staking rewards and the fee is set to 10% . Can you elaborate on what the sink account is and what the 10% fee is used for in the platform?
Neilselin#1662
You have mentioned that your system is always on LOW COST, ensuring that transactions will always remain less than $0.01 regardless the value of the VTS token, whether VTS =$0. 50 or VTS=$50. I will like to know, do every user on your platform have the privilege to enjoy these low fees or are there any rules such as paying fees with platform token and holding a certain amount of tokens? In addition, are there any hidden fees on veritise, I am asking because some platforms offer a low cost on transactions associated with many types of fees and users cannot get a real benefit of low costs transactions on those platforms. Also I will like to know how you will ensure transaction always remain less than $0.01 regardless in this period of bullish market?
Veritise is a Blockchain on its own whose architecture is designed for fast, auditable payments and transaction processing. What are the features and functionalities that makes veritise unique and special? From your road map 2022, I saw that one of your goals is the Implementation of V.2 Veritise Mobile App with new Features and functionalities. Have you release any of the new features yet? What exactly are you focused on based on your roadmap? What are your long-term goals that your are positive will take your project to the next level?
Hello Veritise Team,
Looking at your tokenomics, you mentioned that Veritise blockchain has a built-in dynamic fee mechanism, ensuring that transactions will always remain less than $0.01, regardless the value of the VTS token. Can you give more details on the “dynamic fee mechanism”? How does it work? How does the mechanism ensure that $VTS transactions never exceeds 0.01$ at any point in the future? Does this mean that transaction remains at 0.01$ even if the price of $VTS skyrockets to like 5000$ in future? In addition to these, what mechanisms are you employing to protect the price value of $VTS in long term?
Hello VeriTise team!!!
Good day and welcome to satoshi club!!!
On your website, talking about your tokenomics, you mentioned that veritise blockchain has a built-in dynamic fee mechanism, ensuring that transactions will always remain less than $0.01, regardless the value of the VTS token, whether VTS = $0.50 or VTS = $50.
What mechanism do you have a place to sustain such procedure?
How does the mechanism ensure that $VTS transactions never exceeds 0.01$ at any point in the future? What happens if the price of $VTS sky rockets, will the fee still remain the same? And also if the $VTS gains more acceptability, and processing of transaction becomes competitive, won’t that affect the transaction fee as well? How about tokens that will be tokenized on your blockchain, will they have similar transaction fees?
In bear markets like this we are in, what are your plans and security measures to scale through and come out strong?
Finally what mechanism do you possess to protect your token against extreme volatility?
Thank you!!!
Please disregard
It is a mistake
Hello Veritise Team,
Considering the fact that carbon footprint has a negative impact on the environment in multiple ways: It is the main cause of human-induced climate change, it contributes to urban air pollution, it leads to toxic acid rain, it adds to coastal and ocean acidification, and it worsens the melting of glaciers and polar ice. You had however mentioned that Veritise is using an ecofriendly consensus mechanism. Can you give more details on the consensus mechanism that you have adopted? How does the consensus mechanism ensure minimal usage of energy that poses friendly to our environment? How are blocks being Validated on Veritise?
Hello Verity team,
It was stated on Veritise whitepaper that a separate public key is used for signing and verifying finalization messages. All voting keys are temporary and must be registered with both a start and end epoch. This public key must be set on a Main account for the account to be eligible to vote. Could you please elaborate on the separate public key a user is going to use to participate in the voting process in Verity platform? Can you share with us why Verity is using a separate public key for voting? Since the voting key is temporary, can you tell us how long a user can use a single voting key? Lastly, what are the requirements for a user to be able to register a voting key?
Hello Veritise Team,
It is good to know that the Veritise blockchain network handles 400+ transactions per second with ease together with a 7 second average confirmation time. With no doubts, the platform will continue to develop and bring on more users in future. By the time the platform has millions of users, will 400 Transactions per second be able to handle transactions swiftly and efficiently? Do you have plans of working to increase the TPS that can be managed by the blockchain? Tell us a few distinction between Veritise blockchain and other popular blockchains? Can you tell us about a few projects that uses the Veritise blockchain and their performance?
Among the reasons why people should trade with veritise is its Eco friendly and advanced consensus mechanism. Please explain how Eco friendly and user friendly is the platform for those who make first steps in crypto trading as well as for experienced traders? Also I noted you have a referral program that offers 10% commission. Please can you explain the referral system process works?
I immediately became a fan of your project when i discovered that your aim was to eradicate Fraud and Build Trust in communities. Now i understand that Veritise have already developed a user-friendly mobile application that uses its own blockchain technology. Please i would like to get a comprehensive understanding on its Functionality, How can we make use of these mobile application to verify identities? Are we to make any form of Payments before making use of the Application for verifications? Giving the fact that there are many identity verification applications out there, what makes Veritise Different from the rest?
You have an affiliate program that let users earn 10% commission over each amount invested by users that are referred to the network. Kindly explain how your referral system work. Can you give details on the reward structure of the referral system? We know that partnership and collaboration is key and it goes a long way in creating a strong and better community. Can you tell us about your partnerships? Who are your current partners? What benefits have these partnerships brought to Veritise? And what features do you have that you think would attract a lot of investors and keep them for long term?
I read from your whitepaper that 41.7% has been allocated for public sales. Please can you share more details concerning your public sale? What are the requirements in order to participate in your public sales? Do interested members need to pass through the KYC procedures to get whitelisted? Are there special privileges for those who stake $VTS token?
And how many of this token will you bring up for sale during the public sale?
So Veritise is currently supporting enterprise level real-world applications for companies operating in key industries. Can you tell us some examples of enterprise that Veritise is currently supporting? What are the applications and impact of veritise on these enterprise? Prior to this, Partnerships are key to boosting credibility and growth of Projects, can you tell us about your partners and the impact of Partnerships on your project? Thank You
So Veritise is currently supporting enterprise level real-world applications for companies operating in key industries. Can you tell us some examples of enterprise that Veritise is currently supporting? What are the applications and impact of veritise on these enterprise? Prior to this, Partnerships are key to boosting credibility and growth of Projects, can you tell us about your partners and the impact of Partnerships on your project? Thank You
Telegram Username
@Rozielyna
One thing I love about the Veritise project is that it is unique and organically acts as a link between web2 and web3 companies which will help boost adoption by providing three key services
1. Product authentication
2. CV verification
3. Human Identification
Can you give us additional details about these services? What resources are available to you to help you accomplish this?
What assurance do we have that the platform only features genuine, high-quality products?
How many products have been authenticated thus far?
When you say CV verification what process is at play here?
Do you check the accuracy of all the information on the CV? What happens if you are unable to validate some information?
To be able to access all of these features what is required?
Veritise launched its first Mobile App for Android, iOS and Web to provide services such as Product Authentication services, CV verification and Human identification. What are the Procedures and information required to register a product on Veritise? How much does the subscription on Veritise cost?
You mentioned that there are two principle ways to apply for Brand protection, can you please explain these principles and How they work? What are the methods involved in authentication of Products on Veritise? Would there be additional services and updates on the current services for Veritise app in the future?
Thank You
Telegram username
@Rozielyna
Veritise is a Blockchain and Identity Verification platform for enterprises, institutions and individuals . My question is the technology used for Veritise blockchain has it been TESTED and received FEEDBACK from users? Today most people evaluate projects solely based on their token value not the technology/features. How can Veritise blockchain founder throw more light on the technology behind the Blockchain so we can understand the value of the project? Have your project technology being audited?
Greetings Veritise Team, To have a solid blockchain technology like Veritise technology must have a brilliant team behind the Blockchain technology. Can you tell us about Veritise Team members? Are the Veritise Team qualificated in blockchain programming languages such as RUST, SOLIDITY,SQL,etc? What qualifications do Veritise look for Team members ?
Hello guys,
I’m curious about the Veritise wallet, Aside from storing tokens and fiat, are there other functionalities and utilities that this wallet has? How is this wallet unique and special compared to other wallets like TrustWallet and Metamask ?
Can you store and exchange NFTs and other digital collectibles using this wallet? Has your wallet been designed with NFTs and NFT-related products in mind? How many chains have been incorporated into this wallet?
How is security and privacy ensured by Veritise? Does it contain a security layer like 2FA like other wallets? Are security precautions like pin numbers and face recognition built into device support?
How many languages does the wallet support? Does it have a chat feature where we can talk to customer care if there is a problem?
Finally, could you send the Satoshi clubbers the download links?
Thank you
Greetings Veritise Team.
I read about the Paris Blockchain Summit that was sponsored by your team, I learnt that it was a big and successful event. Can you please tell us some of the impact of this event to your Project and what investors can expect of it. Also about your KYC what are some of the documents that will be required from a user
Thank you.
Greetings Veritise team , can you explain to us your 1-3 killer features that have given Veritise a firm stand in the crypto space? How does these features enable Veritise blockchain to compete favourably with other blockchain? Due to the frequent blockchain hacks ,what extra measure have you taken to fortify Veritise blockchain? What kind of projects can be launced on Veritise blockchain? Do you currently have any project you’re working on ?
Hello guys, it’s nice having you with us at Satoshi Club.
While going through your website, the first thing that piqued my interest is that Veritise aims to give PEACE OF MIND as there have been over $5 trillion in damages yearly due to identity theft and fraud.
Regarding the Human verification aspect, what are the criteria one needs to meet to get verified as an individual? Are there any fees involved?
Please describe the prerequisites for businesses to be listed on the Veritise platform.
Are there any other methods of verification other using the app, or do all verifications have to be done through the app? Does the iOS app already exist? What specifically do I need in order to use the app?
What are the assurances we have that our data will remain private and secure following verification?
If you could tell us more about the level of security that you have in place for the keeping of our data, that would be greatly appreciated.
Thanks
One thing I love about the Veritise project is that it is unique and organically acts as a link between web2 and web3 companies which will help boost adoption by providing three key services
1. Product authentication
2. CV verification
3. Human Identification
Can you give us additional details about these services? What resources are available to you to help you accomplish this?
What assurance do we have that the platform only features genuine, high-quality products?
How many products have been authenticated thus far?
When you say CV verification what process is at play here?
Do you check the accuracy of all the information on the CV? What happens if you are unable to validate some information?
To be able to access all of these features what is required?
In other to keep track records of your customers and for security reasons, do users need to pass KYC before using VeriTise?
Hello, the Veritise team.
In your roadmap, one of the following events after the listing, which took place not so long ago, is a certain application for checking and configuring cars. Unfortunately I could not find any additional information on this application. Please tell us what functionality it carries and what it is intended for? What problem does it solve and how is it related to user or business verification?
Hello, the Veritise team.
One of the latest developments in your roadmap is the integration of the biometric method of identity verification. This is a fairly popular security system at the moment. However, together with a sufficiently reliable security system that this method provides, it carries huge risks. In this case, it is extremely necessary to ensure the confidentiality of the collected user database. Tell us what methods you will use to protect this data? What guarantees can there be against not using this huge database for other purposes?
Hello, the Veritise team.
Not so long ago, your native $VTS token received its first listing on the CEX exchange. Now the markets are very turbulent and bearish mood prevails in the markets. Please tell me if you are not afraid of excessive depreciation of the token due to the general market conditions? Is there any plan to maintain the price, for example, a buyback or burning of the circulating supply? Are there any more listings planned in the near future and on which exchanges?
What security measures are used for your platform?
By the way, what biometric engine did you use for your project?
How simple is it for the general public to use your service?
And how do you expect to mix security and decentralization?
What safety precautions are implemented on your platform?
What biometric engine did you use for your project, by the way?
How easy is it to use your service for the average person?
How do you intend to combine security with decentralization, furthermore?
I read that one of Veritise Sales Personnel received a class of 1st STMG from the Sainte Marie High School in Les Sables d’Olonne in order to open the doors of the business world to them.So what were some of the things discussed during that class?Is it possible that can we get a video of that class so we too can watch it and learn from it?Since you said Education and knowledge transfer is an integral part of Veritise’s long term vision,how about having such classes in other countries to introduce your knowledge to schools?Will you have ambassadorial program to be able to achieve this?Thanks
Brands all over the world are under attack from fakes, forgeries and intellectual property thieves. Over time these counterfeiters have become more sophisticated and advanced.And you plan to stop them in their tracks and prevent damage to their brand’s reputation.So my question is how will those in rural areas benefit from what you offer since most of them don’t have access to the internet? What are the tracking tools you have provided to enable enterprises, institutions and individuals to able to track any counterfeit goods? Lastly what kind of digital trust solutions you have provided to mitigate security theft? Thank you.
Veritise™blockchain network configuration has a predetermined network fee sink account that is said to receive a percentage of the staking rewards (block fees and inflation).So can you tell us the % fee that is received from the staking rewards?And after receiving this fee,what will it be used for?
You also mentioned a predetermined fee sink for Namespace and SubNamespace rental fees and Token issuance fees.So can you give us a brief preview of what Namespace and Subnamespace means in Veritise and what will the fees attached to it be used for?And will node operators benefits from the predetermined fees set up?Please explain Thanks
From your news blog,I read that Veritise has signed a collaboration contract with L’Innovore. Its mission is to market and sell Veritise Tokens and Veritise Business Services specifically to South Korea.My question why only South Korea?Won’t Veritise also forge ahead to market and sell their products to other countries?Are there some countries restricted to access your the services of Veritise?Can you tell more about your membership with “Federation Française des Professionnels de la Blockchain” (FFPB)?And have you gotten any regulatory licences for free flow of Veritise?Please explain Thanks
Hello varitise team nice having you here. Can you please talk about your stakings, I saw that you have two different types of stakings modes which are node and harvest stakins. Can you please talk about them as I discovered that they have there requirements before stakings can be made. What are the requirements for staking on each of of this modes, especially the node staking which requires creation of a node can you please share some light on how to creat a node because I tries creating one through the recommended link which you have but I couldn’t understand because it requires a code so can you please explain this why does it requires code before we can create a node. Furethermore, what are the benefits of stakings, what is the APY applied to each staking modes and how long does your staking duration last is there is penalties for those who unstake before time thank you.
I discovered that your main aim is to enhance security and bring back trust to individuals. can you please tell us how you intend to do that, we have seen so many projects that claims to do that and at the end 9f the day the just die down so of what difference would veritise be from those projects, how do you intend to provide if not 99%, an adequate security to your users or projects of your Blockchain, what are those secret features that you have that made you feel you can succeed in the long run
Hello VeriTise team!!!
Greetings to you
I want to talk about your blockchain and its uses.
You stated that Veritise comes with built-in safety features that take the worry away. And also that your contract plug-in framework makes Veritise more resilient to human error and network attacks. Do you have evidence to proof your claim of security? You talked about the interoperability of your blockchain with other system and block chains. Have you partnered with any block chain yet? What systems have you had any successful partnership with?
Tell us more about the tokenization of other tokens on your blockchain. What are the requirements for tokenization on your blockchain?
Thank you!!!
Hello VeriTise team!!!
Welcome to satoshi club.
Your aim is to build trust by primarily securing the identity of users.
Talking about the identity protection, what is needed to be verified on your platform? Is verification on your blockchain free or there are fees attached to it?
Talking about the process of verification, how long does it take to be verified?
What are the devices needed to be verified?
Do you have any means of verification on devices like android, iOS, Linux?
Do you have any hackathons to safeguard your blockchain? If not can we expect any?
Thank you!!!
Hello VeriTise team!!!
Good day and welcome to satoshi club!!!
On your website, talking about your tokenomics, you mentioned that veritise blockchain has a built-in dynamic fee mechanism, ensuring that transactions will always remain less than $0.01, regardless the value of the VTS token, whether VTS = $0.50 or VTS = $50.
What mechanism do you have a place to sustain such procedure?
How does the mechanism ensure that $VTS transactions never exceeds 0.01$ at any point in the future? What happens if the price of $VTS sky rockets, will the fee still remain the same? And also if the $VTS gains more acceptability, and processing of transaction becomes competitive, won’t that affect the transaction fee as well? How about tokens that will be tokenized on your blockchain, will they have similar transaction fees?
In bear markets like this we are in, what are your plans and security measures to scale through and come out strong?
Finally what mechanism do you possess to protect your token against extreme volatility?
Thank you!!!
I read that the veritise blockchain network handles 400+ transactions per second with ease together with a 7 second average confirmation time. I learnt that innovative payment networks like bitcoin averagely make use of 10 minutes to mine a block of transactions for 6 stages of confirmations and subjected to changes depend on how congested the network is at that particular time. Can you explain better on how Vertise network works to execute transaction under 7secs without stages of confirmation? How does the network scale effortlessly under high congested by users?
The best Veritise network’s feature I’ve seen so far is the low-carbon footprint guarantee with eco-friendly consensus mechanism, in which vertise network utilize a delegated stake with Proof of importance algorithm which totally get ride of CPU intensive calculations to validate blocks. What advantages does your Mechanism have ahead of proof-of-work which validate by solving cryptographic puzzle before blocks can be valid and added to the blockchain. Security is highly important in networks, how does it test imitate blocking code and test webworkers without CPU intensive?
Going through the dynamic fee Mechanism of Veritise blockchain, I discovered that every transactions will always remain less than $0.01 regardless the value of the VTS token whether VTS is $0.50 or $50. Basically, fees serve as means to compensate the work of verifying transactions and securing the network and I learnt that it can be adjusted to provide fast transaction. Can you explain how does veritise network give adjusting fee room to users during transaction? How do you plan to make this mechanism sustainable after gaining more adoptions in the community? And what is the use case of VTS token in the fee mechanism?
I read that one of the benefits of VeriTise technology is “Enhanced Interoperability”. Can you explain how VeriTise Chain manages to efficiently apply Interoperability between multiple blockchain networks to its products? I would also like to know how you will incorporate this Interoperability. Will it be progressively throughout the development of the project or will you try to cover as many blockchain networks as possible from the beginning? Finally, why does VeriTise need to be blockchain agnostic to offer its services? Thank you!
I have read that Veritise is developing mobile app technology we simply call ‘The Veritise App”. Please talk about its functionalities and advantages. What exactly will it be possible to do faster with Veritise App? Has it already been launched and approved for work by any external partner? Will the services intergated into Veritise App be free for everyone? Thanks!
Veritise advantages are built on three main principles – Low cost, Green and Fast. Please reveal each of them to our community. What makes it green and ecofriendly versus other blockchains and why do you think it is important? Please provide some examples regarding the low fees and the speed versus your opponents. Have you already noticed any interest to Veritise blockchain from anyone who would to build on it? Thanks!
Going through the tokenomics of VTS token, I read that 300 Million tokens were supplied totally; 75-200 Million for circulating supply 1st; year; and maximum of 1% extremely low inflation per year. What is the reason behind releasing token year by year and What will determine the amount of tokens to be circulated in the upcoming years? 1% of the total supply is 3 Million VTS tokens, do you think this certain percentage will be enough to Protect value for token holders and Reward Server Nodes that maintain the blockchain network during time tx volume is still ramping up? How will it also be able to Maintain supply and compensate for lost keys/wallets/funds?
I read that Vertise networks has become a membership of Federation Francaise des Professionnels de la Blockchain (FFPB) in order to develop its business activity, its professional network as well as strengthen its presence industry in France. One of the aims of this federation is to be a network of French business of Blockchain professionals. By joining this fed, Does that mean this project is mainly for the community/people in france, what is the hope of other investors and cryptocurrency lovers outside the country? How do you plan to bring the vision of your project internationally?
It is well know that this day and age fraud is more rampant that ever before which continues to rise year over year causing businesses and individuals across the world damaged. And I read that you created a network with No CPU intensive calculations requirements to validate blocks. I will like you to explain how your network will reduce criminal activity without using CPU-intensive to create currency without issurer? What alternative does your mechanism have to CPU-intensive and how friendly it is?
Since Verities has its own blockchain, do you have plans of listing it in top tier exchanges and when do you plan to achieve that?
Security is of utmost importance in this space and since veritise is a blockchain of its own, it much have gone through audits and Hackathons.. has it been audited, if so by who? Has there been a Hackathon, if not do you plan to hold one?
I’d like to learn more about your $VTS token. I discovered that it has a supply of $300M in total, I therfore want to know the following;
What are the uses and utilities of the $VTS token?
Has there been a presale or ICO, if not, would there be?
Do you offer staking option? If not, do you intend to and what will the APY be?
How do you intend to keep transaction costs below $0.01 regardless of the value?
Why is your token inflationary?
After a research I found that The Veritise blockchain network handles 400+ transactions per second with ease together with a 7 second average confirmation time. The network can scale effortlessly and indefinitely depending on demand however there are so many other blockchains right now. So, How are you going to be different from other blockchains and What advantages will Veritise blockchain provide to the users? The Veritise blockchain is fast in completing transactions however talking about security, How secure is Veritise blockchain? Day by day projects and users will be increasing on the Veritise blockchain. So, Will you be able to make the TPS sustainable and lastly, Can you name some popular projects living on the Veritise blockchain?
After a research I found that $VTS has a total supply of 300 million tokens in which 41.7% is reserved for Public Sale, 25% for Private Rounds, 16.7% for Claims, 8.3% for Future Rounds, 5% for Team, 1.7%*2 for Co-Founders So, Veritise had private sale and public sale. So, Where can we buy $VTS from ? Can you also tell us some use-cases for $VTS? You also mentioned $VTS has extremely low inflation of 1%. So, Why is the inflation important for $VTS?
Community building is key to the development of every DeFi project as they say community is the heart of a project. How do you aim to strengthen the Veritise community? Which incentivized community programs have you made available to keep the Veritise community up, engaged and active? Do you currently have an ambassador program on ground to help increase the project’s audience? What power does the community have on Veritise, can they possibly vote to change certain platform parameters? How do you aim to make your platform a one stop shop for users, what are your user retention strategies?
From experience, I have observed that most projects gain the big hype in their early stages. However, as time goes on they can’t keep up with the hype and as such, they tend to loose credibility. My Question; how will you ensure that Veritise stands the test of time and remain relevant and solid in the long run? How do you aim to adapt to subsequent changes that will be seen in the DeFi space as time goes on? Brief us on your platform’s security; is it secured enough to manage user’s funds? Have you been audited? Give a few reasons why users should choose Veritise over similar platforms out there.
In the DeFi space, we tend to see new developments and upgrades almost everyday and as such, I am keen to know how Veritise aims to adapt to subsequent upgrades in the Crypto Sphere. Since inception, what major milestones have you reached? Tell us about new features that we should be expecting to see on Veritise in the nearest future. Convince us that Veritise wouldn’t be just a short hyped project but a project that stands the test of time and remain credibile for a long term In the DeFi space. What benefits does Veritise offer it’s users? In addition to this, to get started on Veritise, how much fund do I need?
Hi,
Can you give us a basic highlight of the new and distinctive features that we should expect to see on the platform? Are there any possibilities that your projects would integrate into other blockchains? How do you promote fairness betting if higher rental price is included in your platfrom?
It is interesting to know that veritise is offering a digital trust solution that protect s users from frauds. Can we trust that veritise would not be attacked by hackers who might disrupt the security of the system?Please could you give me a detailed explanation.
Good day the VTS team. I am going through your website and am amazed by the idea coming up. But I want to ask how do you plan to collect data and Information of workers of different enterprises and organisations in the world to be able to provide a system where your users can verify human identity. What systems have been put together to carry out such task because it’s really mind blowing. Secondly do the VTS team plan to charge their users for product authentication and branding. Creating a service to protect their user products would be a lot of work and technology so will there be a cost on the he users? Lastly is VTS a centralised network or decentralised?
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