Turning the Heat Up with a Major Token Burn

In a move that’s hotter than your morning cup of joe, Verasity (ticker symbol VRA) has just burned a staggering 50% of its maximum supply. This monumental event occurred during what is touted as one of the largest community consultations in crypto history, involving over 500,000 community members and token holders. Talk about taking the phrase ‘community-driven’ to a whole new level!

The Community Consultation: A Game Changer

In a bid to enhance transparency and foster community involvement, Verasity held a consultation that allowed its vast network of supporters to voice their opinions on the future of the token. The consensus? To burn 10 billion of the VRA tokens, originally minted as part of a strategic reserve wallet. The burning has now effectively capped the circulating supply to around 10 billion tokens. It’s like Verasity just hit the crypto reset button!

A New Focus on Commercial Success

As if this wasn’t enough, Verasity has recently enjoyed significant success with its unique offering: an anti-bot advertising technology powered by its patented ‘Proof of View’ blockchain tech. Because who wants to deal with pesky bots invading their precious ad space? Not Verasity! Businesses are already utilizing this technology, and that’s given the company the green light to scale operations based on the revenue generated.

Utility and Future Plans: What’s Next for VRA?

With the supply now capped, the VRA tokens retain their utility in several exciting ways:

• As a payment option for clients in the VeraViews advertising ecosystem.
• For staking in the VeraWallet.
• As a deflationary currency that will continue to undergo quarterly burns.

In fact, earlier in 2023, over 155 million VRA tokens were already incinerated! Now, if that’s not commitment to driving value for token holders, I don’t know what is!

RJ Mark Weighs In

RJ Mark, the CEO and founder of Verasity, captures the sentiment perfectly:

“Our commercial rollout is bringing greater utility to VRA through its primary use as a payments option for VeraViews campaigns.”

He emphasizes that the recent community consultation and the burning of strategic reserve tokens demonstrate their responsiveness to community needs while solidifying plans for future growth.

A Strategic Bridge to the Future

But wait, there’s more! Verasity is also scouting for new blockchains to transfer another 90 billion tokens, which are markers for data transfer in their advertising stack but do not count towards the circulating supply. So, it’s not just about burning; it’s also about building bridges — digital bridges, of course!

Beyond the Burn: Verasity’s Roadmap

Through continuous engagement and innovation, Verasity has established itself as a standout contender in the crypto landscape. It’s worth noting that they’ve frequently topped social engagement rankings like LunarCrush’s AltRank. As for their roadmap, it’s all about future utility, with exciting products like the VeraCard set to launch alongside the VeraWallet, expanding offerings for VRA holders. Conclusively, it seems like Verasity is lit — and not just because of their token burn!