Verasity (VRA) is a cryptocurrency that powers the Verasity ecosystem, an open-ledger platform focused on bringing trust and transparency to digital advertising and payments. The token is used for funding ad campaigns, within the VeraWallet, and as the basis for VeraPay. It operates on the Ethereum blockchain and is not mineable, but users can earn VRA through staking and participating in the platform's activities.
Verasity (VRA) is a cryptocurrency that powers the Verasity ecosystem, which includes various products and services focused on the online video space, esports, gaming, and NFTs. Here's how VRA is used:
Rewards for Viewers: Viewers can earn VRA tokens by watching videos, sharing content, referring others, and engaging in other activities on the platform. These tokens can be traded for other cryptocurrencies or used to purchase goods and services within the ecosystem.
Advertising and Monetization: Publishers can use VRA to fund ad campaigns and reward viewers for engaging with their content. This incentivizes viewers to watch videos, generating traffic and increasing engagement on the platform.
Staking and Trading: VRA can be staked as part of Verasity's staking program, allowing users to earn additional tokens. It can also be traded on various exchanges, providing a means for users to buy and sell the token.
Payment and Wallet: The VeraWallet is a custodial wallet that stores VRA tokens and provides both crypto and non-crypto payment options. This allows users to manage their VRA holdings and use them for transactions within the ecosystem.
NFT Marketplace and Esports: VRA is also used in Verasity's NFT marketplace, VeraVerse, and in the esports platform, VeraEsports, where it facilitates transactions and rewards for users.
Overall, VRA is the central token that enables the functioning and growth of the Verasity ecosystem, fostering engagement, monetization, and a fairer online economy.
To store Verasity (VRA) tokens, you have several options:
VeraWallet: This is a proprietary wallet designed specifically for VRA tokens. It offers a simple and secure way to earn, buy, store, and stake VRA. VeraWallet is known for its industry-leading security and cold storage, ensuring your funds are safe. Additionally, it provides a 15% staking reward per year.
Ledger: Ledger is a popular hardware wallet that supports VRA tokens. You can store your VRA on Ledger and manage it through Ledger Live. This option is considered secure as it keeps your private keys offline.
MetaMask: MetaMask is a web-based wallet that supports VRA tokens. You can add VRA to MetaMask like any other ERC-20 token, allowing you to manage your funds directly within your web browser.
- Other Wallets: Other wallets that support VRA include Trust Wallet, imToken, Torus, Coinbase Wallet, TokenPocket, and iToken Wallet. These wallets offer varying levels of security and convenience.
When choosing a wallet, consider factors such as security, convenience, features, and fees. It is essential to keep your private keys secure to prevent hacking and ensure the safety of your VRA tokens.
To buy Verasity (VRA) tokens, follow these steps:
Choose an Exchange:
- Centralized Exchanges (CEX): Select a reliable CEX like Binance, KuCoin, Gate.io, or HTX Global. Ensure the exchange supports VRA and is available in your region.
- Decentralized Exchanges (DEX): Use a DEX like 1inch, which supports the blockchain where your wallet is located.
Set Up a Wallet:
- Trust Wallet: Download and set up a Trust Wallet, which is compatible with the Ethereum network. You can download the wallet via Google Play or the iOS App Store.
- Other Wallets: Alternatively, use a wallet like Maiar, which is supported by Transak.
Buy ETH (Base Currency):
- Binance: If using Binance, buy ETH as your base currency. You can refer to the "How to Buy ETH" guide on Binance.
- Other Exchanges: If using another exchange, follow their process for buying ETH.
Send ETH to Your Wallet:
- Binance: Withdraw the purchased ETH to your Trust Wallet by setting the network to Ethereum and providing your wallet address.
Connect to a DEX:
- 1inch: Connect your Trust Wallet to 1inch by using your wallet address. This will allow you to trade your ETH for VRA.
Trade ETH for VRA:
- 1inch: Select ETH as the payment and VRA as the coin you want to acquire. If VRA doesn’t appear, find its smart contract address on Etherscan and paste it into 1inch.
- Swap and Complete:
- 1inch: Click the Swap button to complete the transaction. Ensure you have the official contract address to avoid scams.
Alternatively, you can use Transak to buy VRA directly with fiat currency (credit card) in five effortless steps:
- Select Fiat Currency: Choose your fiat currency and enter the amount you want to spend.
- Choose Payment Method: Select a payment method and see the equivalent VRA amount.
- Input Wallet Address: Enter your Verasity-supported wallet address.
- Verify Information: Login with your email and verify your information.
- Complete Payment: Complete the payment using leading payment methods like credit cards, Apple Pay, or Google Pay to instantly receive VRA in your wallet.
For a more detailed guide, you can refer to the specific exchange or service you are using.