We are pleased to announce our next AMA on August 19th 2021 at 03:00 PM UTC Time: Satoshi Club x Vera
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Vera Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Vera Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Vera
For more details:
Vera Website – vera.financial
Vera Telegram – @veranetwork
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
As Vera is Launched during the COVID-19 pandemic, and has no trendy physical office nor nostalgic garage workbench as one may expect from a Silicon Valley startup. How it aligns with the company’s mission? What is your mission and purpose for starting this project and what milestones are planned in coming future ? Most importantly Can you explain about your unique core values, or fundamental beliefs of your organization which make it different from other projects ?
As Vera offers decentralized financing, leasing, lending, and other essential financial services for any NFT marketplace, game or application. How Vera solve the problems of gamers who not being able to afford in-game assets such as Epic and Legendary tier weapons, nor have the time to complete several hours of quests to achieve the ingredients to synthesize this item is frustrating ? Is there any plan in future to work with innovative gaming companies to create next-generation gaming experiences for users ?
On Vera’s (Our Vision), you did said the vision is to build open, secure, and powerful NFT financial products that are equally available to everyone around the world, could you please tell us, are there measures put in place to check any future probable shilling and dumping, and as well as burn in it’s ecosystem? Thanks
On the Decentralized NFT Lending/Renting/Financing/Verification/ Network , of yours, could you please tell us as Vera the most powerful open financial platform for non – fugible token (NFT) assets would guarantee investors and the community at large a safe involatile equity and yield returns?
Vera is for everyone – you sure did said, it’s a financial services for NFT assets that should own , be safe, reliable, and accessible, could you please tell us how exactly Vera equity could be accessed? Could you please tell us how Vera allows any NFT market place to generate new revenue streams, reimagine user experiences, and empower communities?
With over $2 billion in sales for just this first quarter of 2021, non-fungible tokens (NFTs) have skyrocketed the value of digital items and Vera attacks NFT DeFi head-on and make essential financial products equally accessible by anyone, anywhere in the decentralized Web 3.0 world .How Vera ensures that NFTs are returned to the correct custodian if financial contract terms are violated such as the case of a borrower who stops making payments for their loan ? how Real-world asset ownership are verified in Vera ?
It is rightly said that Vera is the most powerful open financial platform for non-fungible token (NFT) assets. Vera offers decentralized financing, leasing, lending, and other essential financial services for any NFT marketplace. Can you list some of your NFT financial use cases that you are actively exploring with clients and How can we as a community help your platform to build the most powerful open financial platform for NFT assets ? Can you please share your social media handles ? THANK YOU
Success of any project also depends on the team members because they are the ones which make user friendly features and keep the data secret from cyber attacks ? Can you give information about your team members which are making Vera a powerful open financial platform for NFT assets and what are their qualification and experience ? What is your Recruiting and Onboarding process to hire a candidate ?
I saw in one of your blogs that one of Vera Labs investors is Animoca Brands, a global leader in branded mobile blockchain gaming who recently raised $88 million at a $1 billion valuation to capitalize on game NFTs. Vera is venturing with Animoca Brands to provide DeFi engines that allows in-game items for lending and leasing between players. May I know, what blockchain games will Vera implement its product and protocols with and would Vera consider integrating directly within the game itself so players won’t have to use third-party apps while playing?
I see that Vera is planning to imporve the almost $4 billion stock photo industry by promoting and utilizing its Vera Leasing smart contracts and allowing users to lease and rent the photo liscense and not forcing them to buy it entirely. My question is, aside from stock photos and images, would Vera venture and expand its capabilities for NFT lending and renting for other areas like stock videos, music and sound recordings?
I see that Vera Labs is offering jobs and recruiting the public for blockchain enthusiasts to offer a spot in your team. I am very interested in applying for the Social Media Intern spot in your team, can you give us some tiny details on what to expect when boarding into your company/family?
I did read that Vera offers a wonderful opportunity when users decide to take a break from the game. Vera will allow us to rent out our game account or specific in-game items to another player so we can generate income from all the hard work we have put into the game while we take a break from playing. Can we decide for how long we rent our account? What happens if the person to whom we rent our account does not respect the agreed time? How do we protect the security of our account while it is rented? Will that user have access to our private information?
You aim to build open, secure, and powerful NFT financial products that are equally available to everyone around the world. Vera is the most powerful open financial platform for non-fungible token (NFT) assets.
Even more than that, I noticed from your website that Vera allows any NFT marketplace to generate new revenue streams, reimagine user experiences, and empower communities.
For example, NFT assets owners can either rent their assets or take a loan. May I ask how this takes place on your platform? For instance if I own an NFT asset and I want to take a loan or rent my asset, what is the process I need to pass through? Is there anything like KYC I need to pass before I qualify for the loan? Or rent out my asset? Also, Vera makes sure assets on their platform are more authentic and affordable. May I ask how is possible that assets which are more authentic with high quality can also be affordable? I’m curious about this one
I saw the differences between ETHEREUM & POLKADOT that is mentioned on VERA website,
Will this Change after the Update eth2.0?
Bcz we know the popularity of Ethereum
Why did you said no one had freedom to add decoration, rent or sell in the digital world until the Advent of NFTs & VERA, there are other NFT projects as well
How is VERA doing it differently?
What specific digital items ( art/ graphic/music/videos) do you see in the market that have been among the first catogories to Adopt NFT’s?
& Why do you think People wants to spend real money on Virtual Items?
I was going through Vera labs Website & saw the Job opportunity of Social Media Intern, Can You please elaborate about this Work?
What are the things i have to look for in that?
As It is Predicted that NFT industry can be next Trillion dollar industry,
& Also lot of NFT project are launching with Artist, Musician, Artists,
Don’t you think with launch of so many NFT projects, there will be no rarity & it will loose its value?
As Vera has no Physical office, I can absolutly agree to this that In this Advance world, Its so normal,
But Don’t you think sometimes that It can get casual & you don’t feel like having a team?
How do You guys communicate so well remotly?
Generally the income generation methods of the NFT markets focus on games, art or music and auctions, but Vera says that it can offer new sources of income for any NFT market and a possible reinvention, What other income methods can Vera offer for the NFT market as opposed to the methods mentioned above? What does Vera call “Reinvention of user experience”? What could be a new source of income in the NFT market together with Vera?
On your website you mention a lot the importance of the integration of people and the use of rentals or asset loans, according to the experience I have had in terms of loan applications, there are 2 types of loans: with guarantee and without guarantee. What type of guarantees does Vera offer for loan systems? Are your loans guaranteed or unsecured? Do you have any policy that regulates loan negotiations or processes?
I have been very interested in the dApp market and as developers try to add new financial services that can innovate in the market but doing this sometimes generates many risks and problems generated by the complexities of the ecosystem, it is possible to quickly add essential financial services to any dApp without risks or complexities using Vera? What design does your ecosystem have that facilitates the adaptation of dApp developers?
I have seen that part of Vera’s mission is not simply to offer an environment for dApps or to promote the creation of dApps, but that part of your objective is to generate the empowerment of developers and collaborate with the training of these workers, what tools or resources have you acquired to train competent and empowered dApp developers? Once these dApps developers are trained, what can Vera offer to create loyalty between the dApps developers and the ecosystem that trained them?
One of the slogans advertised on the Vera Network website is “Ensuring our right to own and sell properties”, I do not know what examples are presented regarding prohibitions of owning and selling properties in crypto, in case you refer to the daily life is consistent that laws and regulations have their hands in the rights and sales of properties because this is not present there will be a disorder in the market, what area of life does Vera Network refer to when it communicates this advertised in its website? Is your vision focused on everyday life, the digital world or a hybrid between both sectors?
I like to learn a bit about coding and your platform offers an empowerment for developers, I went to your road map looking for a date related to an important event for dApps developers and I observed that you had a goal planned called “Code Sandboxing” What do you mean by “code sandboxing” and why fulfillment of this objective is vital for the development of Vera Network? What facilities does this update offer for the growth of dApps developers in Vera Network?
I have not participated much about the crypto lease and loan markets but one of the main weaknesses of these markets in the real world is Defaulting on rent and Breach of lease, you will build a Polkadot Loan Application and Polkadot leasing application, what compliance policies have you thought to establish in these future applications? What solutions will these applications offer as opposed to current leasing systems? How can this be an innovation for the updating of the leasing and loan markets in crypto?
Crosschains are beginning to dominate the blockchain landscape, with projects increasingly seeking interoperable solutions. Kira and Cosmos are some of the influential projects in this area, I have seen that VERA NETWORK has thought about the cross-chain implementation of Vera, what interoperability solutions will the launch of this chain offer for the VERA network? How important is for VERA the development of this cross chain on a scale of 1-10? Do you plan to partner with Cosmos or Kira for an informational benefit?
A testnet network is an essential tool in the development of cryptocurrencies such as Bitcoin. Thanks to this type of network, development teams can test without affecting the operation of the original network. VERA NETWORK will launch its own Tesnet in an indeterminate future, in case this objective is very close, what areas of the VERA network would you like to evaluate for error detection and why is this objective not essential for the development of VERA NETWORK?
I was reading recently about the PoC Demo Launch from Vera Network, and in my opinion, I like PoCs because it allows us to make an implementation, often summarized or incomplete, of a method or an idea, in order to verify that the concept or theory in question is capable of being exploited in a useful way. What ideas or concepts does Vera Network want to explore through the launch of its PoC and what benefits can this result offer if it is successful? When will this be done? can this improve Vera’s future loan systems?
In the rush to generate and qualify leads, brands can overlook a primary strategy for customer acquisition marketing: optimizing the offer. Discounts are good but some fictitious companies or people sabotage this system. Vera Network said that it wants to start the global campaign of acquiring partners and clients, how will Vera Network manage the generation and qualification of leads? What vision does Vera have regarding brands and any commercial strategy? do you know how to optimize offers?
Market research helps you know the purchasing intentions of consumers, or gives you feedback on the growth of the market to which you belong. It would be very useful for Vera Network if, through research, it can also discover valuable information that can be used to estimate the prices of your product or service. Can the services and products of Vera Network be adapted to the purchasing intentions of consumers? Do your products contribute to the enrichment of the market to which you belong?
While going through your website i couldn’t find $VERA token’s utility or its Tokenomics,Does that mean you are yet to finalize it?Can you tell us what how your token will be distributed?Since you enable lending,leasing, exchange of NFT asset,how will users know the percentage fee for all transactions in terms of lending, leasing and exchange of NFT without having details of your Tokenomics.Can you please share it with us
Vera allows any NFT Marketplace to generate new revenue streams,reimagine user experiences,and empower communities.My question is,What are the revenue earned from those NFT Marketplace and the lion’s share in the total income?Can you briefly explain to us how your platform reimagine user experiences and empower communities?
It has caught my attention that one of the missions Vera Network has set to itself is to “Reinvent the Global Economy”, can you tell us more about this? What plans do you have to reach this goal of yours? How will Vera Network be able as a NFT platform to do that change on the global economy? Also, on what ways do you plan to reinvent the global economy? What problems do you see on it that you feel the need of doing so?
I read that Vera Network allow users to issue NFTs from assets they already own. Can you tell us more about this? How will be the process for users if they want to issue NFTs? How much will it cost to issue NFTs of our assets? Will it always be a standard cost or will it change depending on the asset we are issuing? Also, how secure will this NFTs be when it comes to their copyright protection? Will this NFTs be tradedable or available for sell if thats what the owner wants on other platforms or just on Vera Network?
Vera Network claims to be a “Fully decentralized ecosystem resistant to censorship or manipulation”. Can you tell us a bit more in depth about this aspect of your ecosystem? What makes Vera Network able to be resistant to censorship and manipulation? What kind of system does the platform have to provide this security? How secure and resistant to this kind of threats is really Vera? Has the platform been audit yet to prove that this statements are, indeed, true?
One of Vera Finance goals is to have a platform that will limit the dependency on intermediaries in NFT and real-world financial assets transaction thereby achieving faster and cheaper transactions. Can you explain the financial instruments that your automated system will use to create a safe, frictionless and censorship-resistant transaction which will not require middlemen intervention? How is your innovative-seller and custodian-protection technology designed? How is it used to create financial contract and how will it be able to monitor this contract so as to identify when financial contract terms are violated such as in a case of absconding in loan repayment? How will this create a transaction satisfaction between NFT collectors, lenders, borrowers and marketplaces?
In a bid to build an interconnected but decentralized family, Vera has opened application and is currently seeking ambitious and experienced talent that is passionate about its Mission, Vision, and Core Values. What are the job specifications area that Vera is seeking applications from? Are there vacancies for NFT artists and designers, developers, blockchain experts, social ambassadors and project evangelists? How is the application format and what does an applicant need to have in order to get to the interview stage or become employed by you?
According to your roadmap, MVP testnet is scheduled to start in Q3/2021 and it appears like the testnet has already started based on the conversations in your Telegram group. What has been the result so far and how many beta testers are currently onboarded? What are the pre-requisite to join beta testing and How can users deploy and test your Proof of Concept? Which of your project features are currently released for testing and how can we obtain necessary test tokens required to try them out?
A great combination Ethereum and Polkadot, is among their plans to add new blockchain chains and become a great multi crosschain, Vera has been developing since 2020 if at this time I ask you to please self-evaluate with respect to your performance during this year, what could you tell us Do you consider that the expectations raised so far have been met, will you give stable coins a share?
The commercialization of NFT is currently in the Boom, most of the projects have them as their main attraction, but in addition to the purchase / sale that other options we have to be able to monetize the NFTs in another way we can generate passive income through them, Do you know the real reason why it is so difficult to determine the real value of NFTs and what really makes them so attractive?
Apart from the NFTs that other non-fungible assets are present in cryptography, the non-fungible assets are illiquid, what is the nature and essence of these assets, what is the reason why the NFTs and I assume that the other assets of this type are they not considered as collateral in financial processes such as loans?
Hello Vera
Since Vera thinks that buying, selling, lending, borrowing or leasing assets as NFTs between strangers should be easy and accessible, how can those who live in areas where internet connection is not functional benefit from this platform? And how are interest accrued after transaction calculated?
While going through your website i couldn’t find $VERA token’s utility or its Tokenomics,Does that mean you are yet to finalize it?Can you tell us how your token will be distributed?Since you enable lending,leasing, exchange of NFT asset,how will users know the percentage fee for all transactions in terms of lending, leasing and exchange of NFT without having details of your Tokenomics.Can you please share it with us?
Vera was initially built on Ethereum but later build on Polkadot blockchain which is faster, cheaper, interoperable and upgradable because ETH transaction fees are only affordable for the wealthy. Vera is also build on solana and Polygon chain, but details of integrating was not stated. Can you give us details of integrating polygon and solana? How do you want to address the overall visibility of the supply chains? Which of the blockchains has the potential of streaming transactions without waiting for global consensus? Will these chains helps in terms of forwarding unconfirmed transactions to upcoming validators?
Vera enables decentralized applications before any NFT financial transaction may be performed and once verified, these may be used as collateral to acquire loans via NFTs or rented out to others, how are loan collaterized on your platform and will it be backed by stablecoins?
(Eunice)
You will have your own wallet, which will be its uses and functionalities. Can this wallet receive token and external or will it only be for the exclusive use of vera, what are the benefits of having it?
NFTs are becoming very popular in technology games, do you plan to enter that industry or will you only focus exclusively on the financial sector?
By when you plan to launch it, which platforms could be incorporated into your project, what are your short-term goals and what impact do they have on your long-term projections?
Recently, there is scam Vera token going viral in the market where thousands of vera token is given out to the community. And you stated it on twitter that you just finalized your official website and have not generated token to anyone. By the time your token will be released, alot of fake tokens will still be released, how can you protect the community from fake Vera tokens? How can we identify the real token of yours? Concerning the NFT you sold for $130,000,000, is there any plan to supply more NFT to be bought?
Financial services for NFT assets held by users must be secure, reliable and accessible to everyone, everywhere. Vera enables any NFT marketplace to generate new revenue streams, reinvent user experiences and empower communities? How have you made your platform compatible with any existing marketplace? Regarding the integration of Vera to these marketplaces, how simple is it and how is the integration process so that through Vera such models are boosted and can provide accessible NFTs for all?
Vera is an incredible platform built on multiple chains among which stand out: ETHEREUM, POLKADOT, SOLANA AND POLYGON. We know the inherent risks related to interoperability between chains such as the risk of slippage, slowed down operations, among others. My question is, what are the solutions that Vera has developed to avoid being affected by these situations and to be able to offer a perfect interoperability between chains with the best protocols? How has this multi-chain model helped to create a one-of-a-kind NFT market? What benefits has this model brought you?
You planned to reinvent how content Creators make money in your project by disrupting $4 billion stock photo industry. Though there will be allowance of renting stock photos for their next marketing campaign instead of buying full licenses but will they have a scalable content model with a focused strategy and measurable returns? How will this project serve as marketer with documented strategy?
Every project in the cryptospace have token Utilities and Real Life Usescase,going through your project i couldn’t fine your tokenomics/the use cases of your token.My question is,Can you tell us the features or roles of your token?What are there usecas and utilities?And is there any rewards for user who purchase Vera’s token?
Before now Vera’s aim was to build a decentralized oracle platform to give usecases to some Defi and Decentralized Commerce (DeComm).Is Oracles Technology still part of your building plans,since you have rebranded from Vera Protocol to Vera Network?If its still part of your it,what will be the function of it on your platform? Thanks
While browsing your website I could see you’re currently hiring. So I’d like to know about the requirements to become a part of your team, and also about the professional background of your team. Do you work together and know each other? Where are you based? I think knowing this will help with the credibility and overall trust users have in your project, since many crypto projects nowadays end up being scams. Also, I see you are looking for a “Social Media Intern” but there was no salary listed. Can anyone, like me, apply for this job? Since marketing is a pillar of success, will we need a professional background to apply?
Global real estate is the largest asset class that could be “tokenized” using NFTs on blockchain ledgers.Art isn’t the only use case in NFT,so apart from NFT arts has Vera added more use cases like real estate,IPS and in games play to earn on its platform?If yes,can you tell us the the value of NFTs for real estate assets in your platform?And how will you transform the real estate finance system just like the broader traditional financial system? Thanks
Vera is built on Polkadot, and on your website, you offered a graphic that showed why it was advantageous to work on this network, instead of others like Ethereum. However, I’d like to raise the question, why not BSC? Lately, we’ve seen a huge influx of successful projects being based there, and most crypto newbies, like me, are only familiar with this network. So what are the advantages you saw in building this project in Polkadot, instead of a more accessible and known blockchain, like BSC?
One thing that caught my eye, was that on your website it said Vera is a decentralized NFT ‘renting’ network. Would you elaborate more on this statement? Ownership can become a complicated issue with NFTs, but renting them is something I’ve never heard of before. So, please tell us what would be the use of renting an NFT on your platform? What are the uses of the NFTs Vera offers? And what would users gain or benefit from, when renting them?
Your mission is to empower developers to create powerful and scalable NFT DeFi applications by revolutionize the way of playing games, How will this help in leasing virtual items to others? is there assurance of having ability to add and store detailed information about the asset to claim ownership in a more comprehensive way? In Q2 2022, you plan to Integrate with other DeFi chains, why have you so believe in multi-chain in your project? Which chains do you plan to integrate again?
The world is witnessing a radical growth in tokenization of digital art and music. Therefore, NFT applications are quite appealing, and anyone could find a way to learn about leveraging them for financial benefits. I want to know how you will build secure and powerful NFT financial products that are equally available to everyone around the world? what will be the cost of minting NFT in your plaform? What will be the state of security of users’ right to own and sell property? With Vera, will there be dependant of middleman or intermediaries?
One thing NFTs, DeFi and dApps faces is hacks and fraud and security has become a great concern for investors in the cryptospace,we see project been hacked by scammers or rug pull,making it difficult for investors to know which platform is safe and secure.Since your audit is not in your website or document,Can you tell us what security measures have you put in place for the safety of investors?Have your platform carried out any smart contract security audit with trusted firms like CERTIk and others,is it error-free?Can you share with us the results?
What are those novel features of Burnace that will allow its holders to make and earn more money than Safemoon generated for its investors, has the support of reliable partners and a team truly prepared to achieve goals?
Do you have a very attractive referral program, what other mechanism or marketing strategies to attract more participants to your project, how long do you estimate to distribute all of the tokens in circulation, and what do you expect to be the maximum price that $ ACE will reach?
I like your logo it seems to similar to the Libra Symbol (♎), so can you tell us the story behind the name? Why did you picked it?
I was reading that you said in the past that vera protocol likes the polygon chain, so is this a real option to you? Tell us what the blockchains supported by you
❤️ Vera Protocol have the difference that is not a marketplace, is a Liquidity provider to marketplaces, so can you tell us what are the requirements to be chose to be “fed” by you?
❤️ Vera Protocol gives developers the opportunity to create NFT DeFi applications using Vera Protocol’s smart contract templates and decentralized on-chain oracles. But is services is completely free or user must pay a commission or fee to have access to such good advantage?
You mentioned that At Vera, you believe property ownership is a universal human right and everyone should be empowered and fairly rewarded for their creativity. No one should have their creativity and livelihoods limited by fear of censorship, deplatforming, theft of their intellectual property, or unreasonably high transaction fees. You are absolutely right. How does Vera innovate in these aspects? How does Vera empower and reward artists for their creativity? How does Vera avoid the theft of their intellectual property?
In the growing Blockchain ecosystem there are very good projects that have created several novel products around NFTs. Can you tell us then what is Vera’s Vision with these? What new use cases do you plan to integrate? Is it really possible to Lend, lease or exchange this type of asset as easily as “sending a text message”?
The Vera Protocol allows users to buy and sell products without difficulty, but how can the provenance of the commodity be guaranteed? How do you know it’s not deceptive advertising
By this point in 2021 no one is surprised at all the things that can be tokenized in the form of an NFT, however I would like to know what types of assets/products/artwork Vera is thinking for. Do they have the tools to tokenize literally anything? No scalability issues in that matter?
Can you explain us what are the more relevant advantages that Vera have over centralized and decentralized oracles? Why are you better that them?
Within your objectives you have established to offer developers various templates and tools that facilitate the rapid creation of NFT applications. Could you tell us about the benefits that a developer would obtain by using Vera for this purpose?
What are your P2P model’s COMPETITIVE ADVANTAGES over other types of P2P? What are your new ideas in these areas?
As Vera Network is an infrastructure for creating NFT DeFi applications the security issue must be crucial and one of the most important. Can you tell us about it? Is it safe to create on Vera? What anti-hacking mechanism do you have? What plans do you have with audits?
Do you have clear legal terms, given that vera is related with the real world and traditional finance? Do you have any patents or licenses?
Although Vera Network will serve as a universal infrastructure for NFT DeFi applications, I could see that you are planning to create your own applications, such as the NFT wallet and the lending and leasing application. Can you tell us a little bit about each of them? What other products besides those are you planning to develop?
It’s mentioned on your website that VERA allows to any NFT marketplace to generate new revenue streams and empower communities. So my question is for one of the most desired sectors of NFTs utilities, how do plan to improve the users’ experience in blockchain gaming platforms that use NFTs as items, landing and tools? How is Vera compatible with projects like that? And have you got any partnership related?
I saw on your roadmap that before your pre-sale you’ll release the Proof Of Concept demo within your ecosystem. So can you tell us the advances so far about your consensus model and how is it suitable for the activities that Vera is aimed?
Could you explain to us how the verification process of the assets that you want to convert into a token will be like? We will have to present documents of any asset that we have in our property to later tokenize it?
Many projects try to take advantage of the full potential of non-fungible tokens, but in the end you never succeed, is it possible that with Vera Protocol users can enjoy the full potential of NFTs? or do they still have to explore these tokens?
I read that one of the facilities that Vera provides is to Issue NFT of the assets it owns. But could you really tell us about that process? What are really the guidelines to do it and how much will it really cost us?
If really the largest number of NFT art producers are the ETH and BSC chains, then why develop your project aimed at improving NFT markets in a chain other than these like Polkadot?
I could see that Vera implemented different products that would provide greater benefits to NFT carriers, but will it really connect these products with other platforms? or will it only be available on your platform?
Vera Protocol seeks to make the NFT financial market open and accessible to everyone, but are today’s NFT markets really not open to everyone? being so, how does it expand to all users?
Can you read that you want to reinvent the global economy, could this investment really only be successful through NFT tokens? could not be achieved only with fungible crypto markets?
Will the universal infrastructure offered by the Vera Protocol for NFT DeFi applications really only be focused on benefiting artists and designers of NFT collectibles? Or will it also provide great benefits to the purchasers of these collectibles?
I understand that Vera Protocol has smart contract templates that allow you to quickly create NFT applications, but could you really tell us a little more about those applications? and how easy will it be to develop them?
Thanks to Vera you can bet tokens as a Verifier or Delegate. What is the difference between a verifier and a delegator?
Large number of existing decentralized Oracle projects have many problems. What solutions does Vera provide to the problem of decentralized oracles?
You think that educating many communities about your project around the world is a good thing. So, are you planning to incorporate an educational system or a strategy for new users? In what aspects would you like to inform the community?
You mentioned that NFT collectors and marketplaces will have peace of mind thanks to Vera’s innovative seller- and custodian-protection technology. Can you explain what this innovative technology consists of? How does this technology ensure that the NFTs are returned to the correct custodian in the hypothetical case that the financial contract terms are violated?
While browsing your page I didn’t see Vera’s tokenomics.So, can you then share and explain your Tokenomics distribution? What are the number of tokens? How many token will the team lock up? Is this inflationary or deflationary?
I noted a very interesting article on your medium about how Vera is building its culture during the COVID-19 pandemic and how you’ve settled the project in squads from around the world working remotely, but this can be a very hard work to do from distance, so can you tell us what has been the hardest part of launching a project during the pandemic and what expectations do you have to increase your staff in the future? Maybe set up a physical location? What do you say about that?
The foundations of Vera’s technological and financial edge as it concerns DeFi services of an NFT asset class as well as real world assets, streams from it’s extensive experience in blockchain banking and IoT products for previous global clientels. With Vera Labs positively disrupting this financial service class, how would it use it’s wealth of experience to steer a global adoption and implementation of real world to digital asset services and trade, how would Vera help allay the fears of a trado-economic & centralised global financial market to embracing the potentials of a robust DeFi market, and how would your NFT asset class come with real world assurances on safety and transparency?
Another cutting edge feature of Vera is it’s decentralized photo stock and digital content leasing service, which is made accessible by the “Vera Leasing Smart Contract”. Vera hopes that this service would help users rent licenses for digital contents (photo, gifs, videos, etc) for a week as against buying them. Even as this exponentially saves financial and legal costs that might be borne by such users, how does Vera handle the legalities around it’s stock of available digital contents, how does Vera source for these rented contents, how does the smart contract store and categorize user data as it relates to preferences and transactions, and finally, how does your service provide a steady stream of income to content creators?
I saw in one of your blogs that one of Vera Labs investors is Animoca Brands, a global leader in branded mobile blockchain gaming who recently raised $88 million at a $1 billion valuation to capitalize on game NFTs. Vera is venturing with Animoca Brands to provide DeFi engines that allows in-game items for lending and leasing between players. May I know, what blockchain games will Vera implement its product and protocols with and would Vera consider integrating directly within the game itself so players won’t have to use third-party apps while playing ?Thanks
I saw..You aim to build open, secure, and powerful NFT financial products that are equally available to everyone around the world. Vera is the most powerful open financial platform for non-fungible token (NFT) assets.
Even more than that, I noticed from your website that Vera allows any NFT marketplace to generate new revenue streams, reimagine user experiences, and empower communities.
For example, NFT assets owners can either rent their assets or take a loan. May I ask how this takes place on your platform? For instance if I own an NFT asset and I want to take a loan or rent my asset, what is the process I need to pass through? Is there anything like KYC I need to pass before I qualify for the loan? Or rent out my asset? Also, Vera makes sure assets on their platform are more authentic and affordable. May I ask how is possible that assets which are more authentic with high quality can also be affordable? I’m curious about this one
I read that Vera Network allow users to issue NFTs from assets they already own. Can you tell us more about this? How will be the process for users if they want to issue NFTs? How much will it cost to issue NFTs of our assets? Will it always be a standard cost or will it change depending on the asset we are issuing? Also, how secure will this NFTs be when it comes to their copyright protection? Will this NFTs be tradedable or available for sell if thats what the owner wants on other platforms or just on Vera Network?
A great combination Ethereum and Polkadot, is among their plans to add new blockchain chains and become a great multi crosschain, Vera has been developing since 2020 if at this time I ask you to please self-evaluate with respect to your performance during this year, what could you tell us Do you consider that the expectations raised so far have been met, will you give stable coins a share please ?
I did read that Vera’s platform can solve a problem that continues to plague the art community, which is the sale of fake works of art. How do we know if the painting is real? How will we know if a work of art is original and not a copy? How does Vera prove the authenticity of a work of art? How can we have access to that information?
Vera Protocol will launch its Lending App and Leasing App through Polkadot this coming 4th quarter of 2021. So why do you choose to launch your Lending and Leasing App in Polkadot but not in your own platform? Why you need collaboration? How would Lending and Leasing App be implemented in Polkadot? What will be the role of your platform with this Lending and Leasing App in Polkadot? Since it is in Polkadot,how can anyone access this app? What are the advantages and better impacts that it brings by launching you Lending and Leasing App in Polkadot? Thank you
One of the feature of Vera Protocol is we can rent out or take a loan from our assets. So,can you tell us how will this process be done? What kind of assets can be rent out or loan? What will be the mechanics and condition in renting or loan our own assets in your platform? Is there still an interest even if we loan our own assets? Does it also need a collateral especially in terms of loan? What if we have no assets,can we still take a loan or rent in your platform’s asset? Thank you
You have incorporated a lending & Renting protocal. Most of NFT platforms use collateralized NFT loans nowadays. Does your lending & Renting protocal play a role like NFTs Collateralization? Actually how is the process of this lending & renting system? Before we enter to this feature, should we pass a KYC? what about the interest per annum? What is the minimum amount that user can deploy for renting & lending?
You hope to integrate cross chain interoperability with Ethereum, Polkadot, Solana & Polygon networks. So when are you going to build VERA on multi blockchain system? Why didn’t you mention BSC network in cross chain implementation? What will be the extraordinary benefits of this cross chain interoperability?
According to what I researched, From Jan-2021 to March-2021, market cap of major NFT projects has increased by 1,785%. Due to this reason You migh be strictly focused on NFTs sector by providing true digital property rights to avoid unnecessary copyright issues. But how will you assure that NFT sector is a unbreakable branch in crypto space? Do you have plans to face for a circumstances such as sudden dips in market since NFTs are rely on cryptocurrencies? How will you leads Vera platform to the highest profitable economy through the NFT sector?
You have instructed users to make sure that their assets are authentic. Do you have a mechanism to check the authenticity? Currently, there are NFT assets related to Music, Gaming and Movies. How do you react if you find any copywrite issue related to this kind of asset? Further, for making the assets affordable to everyone, have you implemented a maximum price for an asset? Currently, NFT has become a trend. Did you design your project just to follow that trend or do you have specific reasons to choose this field?
Hi Vera!
Vera will have multiple use cases for NFT holders: Verification to make sure the assets are authentic; Finance part for making assets more affordable for everyone; Transact function to rent out or take a loan on the assets; Earn functionality to stake assets and earn rewards. And one enigmatic point that I wanted to ask about: Superpowers! That should allow to quickly add essential financial services to any dApp without the risks and complexities. Please tell us more about this functionality, how exactly does it work and how do you make sure it is compatible with any dApp without causing integration issues?
Thank you!
Hi Vera!
Please tell us more details about the plans for 2022. Vera’s roadmap has some very exciting points: Integrations with other DeFi platforms, Vera testnet launch, Integrations with layer-1 blockchains, Vera mainnet launch, Vera cross-chain implementation. Are you going to apply for a parachain auction on Polka or Kusama? What layer-1 blockchains are you planning to integrate with in the future and what DeFi platforms are you talking to for collaboration? Are you limiting potential partnerships to the Polkadot ecosystem?
Thank you!
Hi Vera!
Vera’s roadmap mentions that Vera should’ve already released Proof of Concept contracts, correct? But also I see that it says testnet is planned to launch only in Q1 2022. Could you please explain how you launched Proof of Concept contracts without a live testnet? Are you going to build Vera’s testnet on the Kusama canary network? And finally would you please share your plans for the future, how are you going to expand cross-chain, will you use existing bridges or do you plan to build your own? What chains do you want to expand to?
Thank you!
I am interested in your NFT lending feature. You have mentioned that NFT owners can borrow stable coins or other tokens against their NFT assets. Does it mean that you consider NFTs as collateral assets? When a user applies for a loan, how do you calculate the maximum loan amount? Please explain whether it is the total value of the asset or a particular percentage of the NFT value. Further, how do you calculate the interest and decide the repayment period? If a user has borrowed an unstable crypto currency, do you calculate repayment amount from the current value? Do rates become high for longer time periods? If a user is unable to repay the loan ammount, can he solve the case just by transfering the ownership of the NFT asset?
Hello,
Q) One of the feature that caught my attention is “LEASING”Can you tell me about LEASING process in-depth? How will VERA make the process of LEASING easy and simple for each and every investor of your platform? Can you differentiate between LEASING and LENDING process in your ecosystem? And, what’s the purpose of bringing LEASING system into your ecosystem? While already there is LENDING system. And, all the investors are eligible to rent NFT’s from your marketplace?
A big congratulations on your winning a grant from a big foundation representing the Polkadot ecosystem after they reviewed your code on Github. Now, what does this very acceptance mean for you and the entire team?. What products do you plan to build in the DeFi and NFT space? And with your popular say of “Reinventing the global economy”, how will you work to keep VERA friendly, open sourced and decentralized to attract also non crypto users and developers?
NFTs represent real world assets which unfortunately its digital and physical assets with their value have not been properly harnessed over a period of time.
What are your thoughts on NFTs and what solutions & contributions will VERA bring to properly link these physical assets with its digital value? What new NFT standards and protocol will Vera build aside Nft marketplaces or app which others are building? How do you become the gateway for the NFT world?
By nature, smart contract are extremely difficult to censor which creates a big problem as most projects tends to exist just for a short while and not achieving its purpose. So how robust and strong is VERA network protected against cyber risks and manipulations? Have you gone under testing and bug bounty programs?
Since Vera is an infrastructure for creating NFT,DeFi applications the security issue must be crucial because in the cryptospace we see project been hacked by scammers. My question is? what anti hacking mechanism have you put in place? Is it safe to create on Vera? What plans do you have with audits?
Greetings Vera. Knowing some financial platforms for non-fungible tokens (NFT), what differentiates Vera from other projects, what are the characteristics that make Vera a more powerful open financial platform for non-fungible token assets (NFT)? as Vera allows any NFT market to generate new revenue streams. tell us about these points, which are important.
Is the Vera platform a fully decentralized NFT project? Since in recent months there has been a lot of manipulation, what would be the protection that Vera will use against censorship and manipulation? Explain us to the Satoshi community, to learn more about the project. Thanks
What is Vera’s vision, when would the platform configuration be available? In some future they plan to launch the Vera testnet or the Vera mainnet and the Vera cross-chain implementation, visit their website and there is little information, but I would like it, in general the whole community I think you would like to read more about the project?
Vera will work with the potentiality of having smart contracts library that enables DeFi services for NFTs in new or existing applications and benefits all stakeholders in your global NFT ecosystem. Concerning the App developers, will it be possible for you to add DeFi services to their NFT apps without technical and financial complexities? In what way are you going to secure all their user’s digital assets and NFTs are safe, secure, and error-free?
How secure will smart contracts be? Will the code be audited by an outsider before the public launch?
Can you list 1-2 killer features, of this project, that makes it ahead of its competitors????#Caribmars
How can this project attract the interest of many people. Are you going to do a campaign or do a lot of giveaways/airdrops? So that people are interested in the Digital assets of this project.
What about tokens? Is there any preparation for its launch? can only be owned by partners or publicly?
I am interested in the vision and mission of this Vera project. Where is its mission to connect the world so that anyone can contribute and share the benefits of economic growth, has this mission been audited for the future progress of the ecosystem? Will this vision be transparent in various ways and accept various demands and inputs?