Verasity - The blockchain powered video sharing economy and next-gen video sharing platform.

vital-bd (47)in #ico • 6 years ago (edited)

Hello, all. On this occasion I will discuss about an ICO project called Verasity. I loved this project, there team is very solid, hope you all also like this project. I am very hopeful about Verasity and I believe it's become huge success. Verasity already achieved a very big community.

About 10 years ago, YouTube and Facebook were not popular, but there were more people who did not know it at all. Recently, however, various SNS and video sharing platforms such as Facebook, Twitter, SNS, personal broadcasting, and YouTube have been released and their users are over several hundred million.

Whether you're on the road or on public transit, there are countless people watching your cell phone, and many of them are watching a video. You can see that the video sharing platform like YouTube is a very big market.

So what is the profit structure of these video sharing platforms?

There are several profit structures that various companies pay for advertising and some users use the platform's paid service features.

Only a very small percentage of these will go to the Creator, the creator of the video.

The rest are all structured by the platform company.

Verasity is trying to reform this structure to compensate viewers through decentralization, a characteristic of the block chain.

About Verasity

If you look at the above image, you will understand the structure that I have spoken to you in the picture though.

As a picture, the sponsor gives the creator a VERA token, and the creator increases the awareness of the sponsor.
Creators can get rewards from Veracity by making videos and receive donations from viewers.
Viewers can get tokens by watching the video, and can get additional tokens by watching the ads they see.