Follow-Up Insights | Dual Token Ecosystem

Topic 1: Tradability of PoV tokens


Transactability is crucial for the blockchain to be able to record data. A token does not have to be tradable for data to be recorded. The native token of the chain will serve as a gas fee for the execution of transactions. We would like to clarify that a tradable PoV will exist for the development of our ecosystem as it provides us with the versatility to improve our current services and pave the way for future expansion, allowing token holders to interact with said services and products in a dual token ecosystem.

WITHOUT a tradable token: Transaction capability without a PoV token traded on the open market would result in VRA remaining as a singular token in our ecosystem with its current utility and limited opportunities for expansion and further development.

WITH a tradable PoV token: Tradability naturally results in on-chain transactions, with PoV tokens circulating on the blockchain and acting as a data carrier to record transparency data for our campaigns. At the same time, VRA becomes the primary token in a dual token ecosystem with the same current utility and benefits. Only now, a dual token ecosystem allows for the expansion of VRA token utility as PoV and VRA complement each other, enabling Verasity to offer newly developed services and benefits for our token holders.

The tradability of PoV is an extension and the catalyst for Verasity 2.0, not a mandatory requirement for the technology to operate.

In this context, we wish to point out that the following excerpt from our Contract Migration Journey article has been taken out of context due to its wording.


  • OUTLINED GREEN: we state that transactions are necessary for data to be recorded on a blockchain.
  • OUTLINED BLUE: we explain that a tradable PoV token allows Verasity to develop new services and benefits for its token holders.

The confusion stems from our mention OUTLINED RED that tokens must be tradable elsewhere. We’d like to correct this by clarifying that a tradable token naturally leads to on-chain transactions, but transactions can still occur without tradability. Tradability allows Verasity to offer enhanced services and incentives for token holders within our dual token ecosystem.

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Topic 2: PoV Airdrop


Our team is working on the development of an airdrop campaign for VeraWallet users. Both holders or stakers (or both together) may be eligible. VeraWallet users who qualify for the airdrop must adhere to our Terms & Conditions for VeraWallet.

Services, including potential airdrops, are exclusively for users eligible to create and own a VeraWallet account as per our Terms & Conditions. These services and airdrops are not available to users in excluded jurisdictions specified in our Terms & Conditions.

We will provide details of the ratio and eligibility closer to the airdrop campaign.

Please review the VeraWallet Terms & Conditions here.

Topic 3: Revenue Share Model


The revenue share model is intended for PoV stakers only. These are benefits that will be presented in more detail at a later date. Additional company revenue will be allocated for PoV stakers without reducing the amount allocated to VRA burns. Simply put, the quarterly burn from revenue is not affected — we will allocate additional revenue to incentivize and reward PoV token holders for their participation in our dual token ecosystem.

Topic 4: Supply Control


In answer number 8 of our Contract Migration Journey update, we provide sufficient insight into how Verasity plans to control the supply of the new PoV token to ensure that VRA remains the dominant token. By eliminating token volatility on PoV and introducing stablecoin-like behavior, PoV will function as a secondary token for interacting with our future services and benefits within our dual token ecosystem.


Topic 5: Burn


Verasity will gradually burn the supply of PoV tokens from the existing VRA contract as the company sees fit, in the interest of our technology and our business. This process will involve progressively eliminating PoV tokens from the legacy contract. This incremental burn function represents the final stage of our migration process. We expect the burn to be completed sometime in 2025. A detailed timeline for the burn may be announced at a later date.

We would like to take this opportunity to remind our token holders that they are not required to participate in the future dual token ecosystem. As we’ve stated in our articles and on social media, Verasity is not a DAO. While we value and consider feedback from our community, Verasity remains a private company, making internal decisions that best serve our technology, business, customers, and token holders.

For more details on our migration journey, please refer to our recently published, comprehensive update on the matter.


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