Tokenomics Q&A
Q: Why is the migration taking so long?
A: The migration process is complex, requiring meticulous planning and extensive testing. We're ensuring the transition is seamless and doesn't impact our ongoing operations. This timeline also reflects our focus on commercial adoption, publisher campaigns, and other key roadmap priorities. Please read our latest Migration Journey Updates on medium
Q: Will VRA remain bullish?
A: The dual token ecosystem is designed to enhance the utility and attractiveness of VRA. With improved deflation mechanisms and additional features, VRA is positioned to remain the dominant token in our ecosystem with POV acting as a secondary token.
Q: Won't a second token make VRA less attractive?
A: No, the second token, POV, complements VRA by adding new utilities and features which will be rolled out at a later stage. VRA remains the dominant token with enhanced deflation mechanisms, while POV introduces additional incentives, creating a more robust and balanced ecosystem.
Q: What can we expect as VRA holders?
A: VRA holders can expect continued deflationary practices, increased staking rewards, and additional features on our platforms. The dual token model ensures that VRA remains a key asset with growing utility and value within Verasity’s dual token ecosystem.
Q: Are there any incentives for holding POV?
A: Yes, POV holders will benefit from higher staking rewards, lower withdrawal fees on VeraWallet, and revenue share from quarterly earnings. These incentives are designed to reward long-term holding and active participation in our ecosystem.
Q: Can I participate in a POV presale?
A: Yes, there will be a presale of POV tokens available to VRA holders. Details and eligibility criteria will be shared with the community in due course.
Q: Will there be an airdrop for us?
A: Yes, a significant amount of POV tokens will be airdropped to active VRA stakers and holders on VeraWallet. Specific eligibility criteria and distribution terms will be announced at a later stage.
Q: Why does POV need to be tradeable?
A: For the blockchain to function properly, tokens need to be transactable. The tradability of POV ensures transactional transparency and meets the technological requirements of our Proof of View system, enabling data recording and storage. Furthermore, by adding value to our data carrier tokens, we enable a plethora of new utilities within our dual token ecosystem, offering the community and token holder an opportunity to interact with our platforms on a new level.
Q: What are the benefits of the dual token ecosystem?
A: The dual token ecosystem allows us to optimize the functionality of both VRA and POV. VRA will benefit from improved deflation mechanisms and increased utility, while POV will provide additional utility and incentives, creating a balanced and sustainable ecosystem.
Q: How will the dual token model affect the supply of VRA?
A: The total supply of VRA will remain fixed post-migration, and our ongoing token burn practices will continue to reduce the supply over time. Essentially, VRA will be restored to its original status prior to the minting of the war chest and POV market tokens on Ethereum.
Q: How will the migration impact existing services?
A: The migration is designed to be seamless, with no disruption or anything required for the token holders to do. Our careful approach ensures that all components of our ad-stack function as intended, maintaining the integrity of our operations while expanding our technological capabilities.
Q: Will the new POV token be listed on major exchanges?
A: Yes, the new POV token will be listed on decentralized exchanges (DEX) first, followed by centralized exchanges (CEX). Official announcements and disclosures will be made in due course.
Q: How will the new POV token enhance the ecosystem?
A: The POV token will introduce new utilities and features, complementing VRA and enhancing the overall ecosystem. It will provide additional incentives for holding and interacting with our platforms, driving further adoption and growth.
Q: How is Verasity ensuring the security of the migration?
A: We are conducting extensive testing and thorough planning to ensure a secure and seamless migration. Our approach includes multiple stages of development and monitoring to maintain the highest level of security and functionality.
Q: What should we expect in terms of communication during this transition?
A: We are committed to maintaining transparency and will provide regular updates as we progress through each stage of the migration. Our goal is to keep the community well-informed and confident in the benefits and stability of the dual token model.
Q: Where can I read more about the migration updates?
A: Please review our latest Contract Migration Updates that can be found on Medium.