I would like to make a suggestion to @verasitytech team. $VRA
▪️ If PoV migration is scheduled for January, maintain your current stance
▪️ If POV migration takes longer than expected, please burn the #PoV marker token held by Kucoin
✅The reasons are as follows
As mentioned in my previous post, excluding $VRA of all other transparent deposit/withdrawal wallet exchanges, #Kucoin exchange should only hold approximately 200m $VRA.
However, KuCoin accounted for 70~80% of $VRA's total trading volume on average.
Since I mentioned this, #Kucoin15 will transfer 2.4b PoV marker tokens to #Kucoin6.
For the first time since then, Kucoin is maintaining 40% of the total volume of $VRA on average.
That's why people have been suspicious of Kucoin all along.
✅Why it is okay to burn PoV(by held exchanges)
Since it's not being used, @verasitytech team said it's being stored in a cold wallet for security reasons, but we know how the new campaign goes.
The campaign begins when 10b wallets are transferred to 3 split wallets and 300m PoV marker tokens are sent from the split wallets.
These are wallets currently waiting to be used.
What I want to say is that there is no need to keep PoV marker tokens in a cold wallet that will not be used in the next turn.
If security is the goal for unused PoV marker tokens, burning is the safest way to secure them.
This is the easiest solution to end #Verasian' anxiety.
I'm not pressuring you. It's about providing the best solution you can.
Please retweet so that it can be passed on to the team. @block_writer@verasitytech
Just to follow up on $VRA buy back and burns and the entire deflationary ecosystem.
One important thing that most people don't know is that @verasitytech staking is also deflationary in a sense that staking rewards are funded via buybacks.
Staking is almost always full (2.5B tokens locked)
Also, these 2023 buybacks are just based on a few clients and from one revenue source (@Vera_Views).
• There are several additional revenue sources that are still not fully operational:
⬨ VeraAds
⬨ VeraPay
⬨ VeraCard
⬨ Licensing fees from their 'Rewarded Video' patent
⬨ @Vera_Views integration with @trycarbonio
(a new web3 browser that has more than 7 million downloads and 60k daily active users)
All of these revenue sources will contribute to the buybacks and burns from the CS. Think about that for a hot minute.
• Do not forget:
‣ How total supply is reflected will be changed in a few months when they migrate 90b POV marker tokens to a different contract/chain.
‣ When this is done total supply will be the same as circulating (sub 9B $VRA), 100% in circulation.
‣ 100% tokens in CS with 15% APY on deflationary staking and sick buy backs and burns that even top 50 projectsdont have.
‣ So far this year $2M dolalrs used from the revenue to buy back and burn $VRA.
Verasity has completed a burn of 50,774,689 $VRA tokens, as the first Q4 quarterly burn to kick off the festive season!🎄
This represents ~$400k at the time of burning, and brings our total burns to date to 293,089,056 $VRA, or ~$2m at each burn snapshot!🔥
👉New CS post-burn: 10,063,377,639 $VRA
Find the 🔥TX here: https://t.co/Vz8Xf5ygIw
If you spend a lot of time on CT you are likely to come across $VRA tweets often. I used to think it was shilling until I did research into @verasitytech and why it has such an active community.
I know shilling to be for projects with poor utility and fundamentals not projects with outstanding utility.
Well, after my research I can boldly say that any list of top 5 altcoins with the most growth potential under $100M Mcap without $VRA is null and void.
Verasity is revolutionizing digital advertising with its VeraAds and Veraviews technology. The platform uses blockchain technology to combat advertising fraud and give publishers a better ROI on Ads.
The project already has 500K members and 6 patents in different countries. $VRA is exhibit 3 for me for the bull market.
Seems like people often forget about $VRA's two patents because of the many other things @verasitytech has going for it.
The patents on POV and rewarded video, together with the growing demand for $VRA and increased buy back and burning will result in a supply shock that will push the price well beyond $0.3.
The entire crypto market will 10x in the next bull run, naturally $VRA will benefit from this as well but due to its deflationary tokenomics and the immense token utility the buying pressure will be so high.
I am expecting $VRA to outperform the market by at least the factor of 10, which means we should easily see another x100 from here.
The R/R for $VRA makes it easy for me to allocate more capital there, the company has strong fundamentals, revenue stream a few top 50 crypto projects have and an army for a community.
Buy, stake and wait.
The consolidation on $VRA is one of the longest I have seen on any altcoin. But when good altcoins consolidate for this long, there’s usually a big bang on the way.
@verasitytech has seen weeks of continuous consolidation around the $0.003 to the $0.013 price range. RSI is oversold, so it is most likely that the token has bottomed out.
Over the last week, the 50D EMA has flipped bullish and now it is a matter of when the breakout will happen.
I have my targets set and once the resistance is broken, we will likely see one of the biggest surge of any altcoin.
Veracity has seen a surge in real world usage as advertisers turn to platforms that can help them combat Adfraud. The FOMO on $VRA will hit differently.
The journey for @verasitytech in 2023 has not been a straight one. It peaked at a 450% gain at $0.0115, and the closest we've gotten to that peak was at the beginning of November when the $VRA price hit $0.0091, which is 336% from January's bottom 🫡
But beyond the chart, Verasity has been a loud voice in this bear market, making their platform more robust by partnering with other projects that are working to reduce ad fraud while also launching their own features to increase profitability on their Veraviews platform.
🔸 Honestly, I'd say the team's efforts have paid off hugely because no project could've pulled off the scale of token burns that Verasity has. They've burnt almost $2 million worth of $VRA tokens this year alone.
🔸 If there's one thing I've learnt from my time in this space, it's that you can buy most things, but you can't buy community. They are also among the few projects with a strong community backing them through the bear season. And it's evident by the way $VRA dominates most leaderboards.
🔸Plus, most projects thrive in creating a utility that people enjoy, but Verasity has taken it further. They've understood the business side of web3 advertising, and in addition to their innovation, they've created an ecosystem that pays for itself.
• Their recent launch of VeraAds is a brilliant step in helping web3 publishers monetize their video content which would also contribute to revenue generation for Verasity.
• There's also the VeraCard launch on the horizon, and the Q4 buyback and burn that's expected to put even more deflationary pressure on the $VRA token and boost its value beyond what we've seen in the past 3 quarters.
Based on these, there's no question about $VRA's potential. Capture the directional moves, legends and DCA during the dips. When the god candles come without warning, they'll be the ones laughing at their wallets.
1/11) A thread on #VeraAds & why it's needed... 🧵
VeraAds is a service from @verasitytech that supports & grows our current product verticals rather than another product, important for us to scale.
Learn how VeraAds is going to form part of our 2024 strategy in this thread 👇
Most important tweet you will read today!
It is time to zoom out & see the big picture for $VRA
Last Bull run with @verasitytech
🚫 Zero clients
🚫 No case studies
🚫 No buy backs and burns
🚫 Did not have W2E patent
🚫 Smaller community
🚫 Fewer holders
- What's next for $VRA? The game has changed
✅ Huge buybacks every quarter, more than $1.2 million worth of $VRA already bought back and burned.
✅ More clients will come
✅ VeraCard & VeraPay
✅ Becoming the industry standard for ad fraud solutions
✅ Separating the $VRA from POV marker tokens in next few months.
This is going to be $20b to $30b dollar project next bull run, easily.
The volume is increasing rapidly today
The volume of $VRA is already almost 60 million in 24 hours
Is it institutional money?
Or are companies funding ad campaigns?
Or maybe #Binance is buying $VRA tokens?
I don't really care what it is
I know $VRA is unstoppable and will lead the bull run 🔥🚀
Investors are buying #VRA in secret, and you do not want to be left out of this life-changing opportunity.
$VRA has a strong online community, yet it is greatly underrated
The project is certainly unique and all of the proof is in the
@verasitytech thread below 🧵👇
This is an important comparison in of market cap as the article stresses that major companies like DoubleVerify have $4.5B market cap and $VRA $60M and therefore huge room for growth.
Invalid Traffic Rates on the Mobile Web are skyrocketing!
🔹South Korea is leading the pack with an IVT rate of 24%, meaning that nearly 1 out of 4 clicks is invalid (i.e. fraud)
🔸This significantly decreases Return On Ad Spend (RoAS) of advertisers, leading value loss.
🔹@verasitytech aims to provide a solution for ad fraud through Proof-Of-View, a blockchain patented Web3 solution.
$VRA
Wave 3 ➡️ 17x
Wave 4 ➡️ 0.382 fibo
Wave 5 ➡️ 10x
Suppose we're about to make Wave 3, this would first take us to $.64. Then, pullback to $.087 (0.382 fibo) for Wave 4. Finally, Wave 5 (10x) would take us to an ATH of $.95.
(Speculation, not prediction. DYOR)
$VRA