✅ VALIDITY (VLDY) ✅ A go-to reference point for investors to verify the integrity of an investment decision Website | Telegram | Discord | Git-Hub | Twitter | Facebook | Linked-inTry out our MVP at https://vldy.org
Index
◈ Background
◈ Ambition
◈ Function
◈ Token
◈ Team
◈ FAQ
◈ Links
Background 
Cryptocurrencies have had a huge impact on society with the largest influx of attention and new investors coming in 2017. This was largely due to the prospect of turning over large profits in a very short time frame. Newcomers to the crypto-sphere can get blinded by this excitement and will jump at any promising looking opportunity in an attempt to make quick profits. Unfortunately, many are not aware of the dangers that accompany an unregulated market and do not perform much analysis before making their investment decisions.
Regulation is an important part of any financial system as it helps provide clear insight into what is legitimate and what is not. Due to blockchain technology functioning on the basis of decentralization, it is difficult to implement a traditional regulation mechanism usually because traditional regulation systems function via a centralized source. This is also why blockchain technology is so valuable since its method of verification is through what is known as distributed consensus; a form of communal validation, rather than from a central source.
We have all witnessed what can happen in an unregulated market. There has been a massive influx of unethical actions since the rise of the infamous ‘ICO’ (Initial Coin Offering). Scams like Confido (CFD) which were professionally orchestrated, successfully acquired $375,000 without leaving a trace. This is one of the most widely renowned scams ever conducted in the cryptocurrency space and is just one of the many fraudulent related activities that occur on a weekly basis. With the growing popularity of blockchain it is only going to occur more frequently, currently, there are very little portals to verify the integrity of an investment decision nor is there any form of validation methods used to approve a project safe for investing. Majority of information regarding a project's illegitimate movements are only announced from a select few victims via Reddit or Bitcointalk usually, the majority of these posts don't get enough exposure in order to make a widespread difference. A communities user experience provides an intrinsic insight into a project's motives, as a community is a huge part of any ecosystem. There is some existing platforms that exist, which do indeed aim to promote scam awareness through communal reviews and a rating system based on provided project details (Eg:https://isthiscoinascam.com) As you can imagine some of the information via these web portals provided can be flawed, let alone the fact that the proposed projects don't go through an extensive analysis to be deemed safe or unsafe. Another weak point is that the information compiled on these platforms are not utilizing decentralized hosting methods via the blockchain. This would certify the data to be immutable and viewable to anyone, a way to achieve such a result would be injecting the data into smart contracts. Unfortunately, the good motives that these platforms aim to promote, are not widely appreciated and incorporated as much as they should be.
Ambition
The Validity aims to have a thriving ecosystem, which depicts what future targets should be chosen for analysis. This will consist of an overall investigation into the project's integrity through an analysis conducted by our team and delegation through the community of regarding of positive and negative votes. The combination of these results shall conclude to an end result that elaborates how safe or unsafe an investment decision may be if one was to support a target project. So if a project is deemed safe it will be validated by the Validity and illustrated as being so via our platform if it isn't the target will be exposed as possibly being a perilous investment decision and issue a warning to the masses. The compiled data of these events shall be stored in solidity based smart contracts, one of which is for validated projects and another for unvalidated projects. Both will be displayed on our website for the public to view. The idea is to create a go-to reference point for investors to verify the integrity of an investment decision, which would help them create a more dynamic conclusion whether or not to financially support the chosen project. Providing the groundwork for such an infrastructure will demand skill and time to construct an appropriate and efficient mechanism. Its future will depend on the participation of the community to propose projects and to help contribute to a final outcome regarding the probity of cryptocurrency projects.
What we hope to achieve is a database that one day, may aid the decline of the large amounts of money gathered through unethical movements in this unregulated space we call crypto. The end goal would that be that official and legitimate tokens or coins would actually desire to be analyzed through our system, in order to illustrate their good motives and dedication to complete the task at hand. Which in turn would help projects bare a certified image through communal validation, this would create a trustworthy and ethical reputation regarding the project from the market's perspective.
Function 
The operational basis for the Validity consists of the smart contract language known as Solidity, which will help to integrate delegation methods through token holdings. But also to create the associating ledgers in order to store the gathered analytical data. The data relates to every target project that has been processed through the system and appointed in respect to the final validation result for each. Let's talk through the steps of how a validation test would be proposed and initiated:
◈ An election is held to determine the upcoming target project for validation, whatever project wins by the highest amount of votes is the project that will be investigated.
◈ The team conducts an analysis of the delegated proposal, which would consist of an inquiry into a project's authenticity based on the information provided and overall communal feedback.
◈ Each community member casts a positive or a negative vote in relation to the proposed project, using their VLDY token holdings within the official wallet through a Ðapp.
◈ The end result is a combination of both of these data sets, which would create an end value for a rating system, it would comply with any familiar education grading. A pass result would bare 40% and would be certified as low rated validated. If it was to fall under this it would be branded unvalidated and deemed unsafe for investing, anything higher than a pass would elaborate how well the project is maintained and operated.
◈ The data is injected into the associated ledgers, either the validation contract or the invalidation contract based on the final result.
At this point, the data would be officially decentralized and retrievable to anyone who applies some simple web3 commands to the live contract. It will also be integrated into our web platform for the public to view and use as a reference point for any future investments they are uncertain about. Hopefully to provide them to make a wiser and more informed decision before financially supporting a cryptocurrency project.
Let's provide a small insight into how token voting would occur, voters call a function from a custom delegation contract in order to register their address in the voter's registry. This function would require two inputs, your account address (msg.sender) and voting option selection (byte) of one of the following: Positive=0x01 and Negative=0x02. This data would be retrieved through a web3 and truffle js Ðapp, which will be planned to be integrated as a feature to our official future wallet. This would interact with the contract to store your details for voting, the voter’s current balance would be recorded using the balanceOf() public ERC20 command and converted to the associated token to vote ratio (1 Vote = 10,000 VLDY). All of this data would be then pushed to a structure array and to prevent double voting (aka someone voting from one account then sending their balance to another account), the delegation contract will have a vote verification system that would prevent this from occurring. As if a change in balance is detected, the voting count for the regarding account registered will be recalculated once the delegation period has concluded. It is required that the delegates should keep their tokens stationary until the vote has been concluded, to ensure that every initial vote is counted.
In order to cast an incentive to vote amongst the Validity, voters will be rewarded for delegation event participation based on their voting weight and recurrence. Through applying a mintable token contract for motivation, the delegation contract will bare an implemented token reward system that exponentially decreases with time. If a voting account is active and participates successfully in twenty-five consecutive delegation events they will receive a special bonus! As it may be the case if such a stake delegation reward system didn't exist, community members may not be as active or motivated to cast votes. The Validity hopes that the image of voting can be redefined via the blockchain, into one of such that is rewarding, transparent and decentralized. The end result of the communal feedback would provide a 50% or less insight regarding how an investment might be a risky or trustworthy based on the perceived integrity of the third parties motives.
MVP (live on Rinkeby) -> https://vldy.org As for the team's analysis which will help fulfil the remaining validation end result, it will consist of a rating system with a branch of separate project elements to be assessed. A number of skill sets will be applied to follow the metaphorical digital footprints of these amoral others, who go beyond the extents of ethnicity to take advantage of people when they are not expecting it. Below are some of the following target project aspects that will be investigated:
All subcategories will be marked out of 10 and will determine the overall score for that assessment aspect.
Team transparency, project details and communications.An investigation regarding how pellucidly a projects team is regarding their provided personal information and the honesty of their previous experience and claims. Certain elements of their communication activity and response rate will be monitored, but also how they treat investors in a professional and intellectual manner.
X1 - ANN content
X2 - Team information
X3 - Team interactions
X4 - Team response time
X5 - Social media activity
Internet and forum feedback.Another source of information regarding the negative or positive associations of a project's motives are within the world wild web, social media platforms like Reddit provide an epi-centre for communal responses on a specific token or coin. A selective amount of posts regarding the delegated project would be examined, each of would be interpreted as Positive or Negative. Two places of which to observe posts of which, would be Reddit at r/cryptocurrency and here at BCT in the scam accusations sub-forum (
https://bitcointalk.org/index.php?board=83.0).
X1 - Articles
X2 - BCT posts
X3 - Reddit posts
X4 - Twitter posts
X5 - Youtube videos
Informative verifiable analysis.A large of cryptocurrency projects claim to have multiple partnerships, for example, a majority of these accusations are never investigated nor questioned. Some fraudulent projects use other peoples pictures for a fake blockchain developer or team member alias.
X1 - Team identities
X2 - Team experiences
X3 - Project partnerships
X4 - Whitepaper references
X5 - Project announcements
All analyst data produced by the team will be executed through a method of peer production and if the masses disagree that the integrity of the results produced is not true. The communal perspectives will be gathered by our team and a retrial for that analysis category will occur until a pure result is obtained.
Tokeneconomics PLEASE VISIT OUR NEW WEBSITE FOR UPDATED TOKEN ALLOCATION
Airdrop Everyone is entitled to a single position in each round, regardless if they were present in the previous event or not.
Tier 1Rounds: 8
Supply allocation total: 30%
Supply allocation per round: 3.75%
Token allocation per round: 1,897,500,000 VLDY
Tier 2Rounds: 8
Supply allocation total: 20%
Supply allocation per round: 2.5%
Token allocation per round: 1,265,000,000 VLDY
Tier 3Rounds: 10
Supply allocation total: 10%
Supply allocation per round: 1%
Token allocation per round: 506,000,000 VLDY
YOU WILL NOT RECIEVE TOKENS IF A PARAMETER IS MISSING, PLEASE FILL OUT ALL INPUTS.
YOU WILL ONLY BE ABLE TO USE AND VIEW YOUR VLDY TOKENS THROUGH A ETHEREUM WALLET.
Airdrop Form: http://vldy.org/ Submit the following parameters required to avail of the initial distribution:
Email: Your personal email so we can contact you if any data is incorrect or missing and keep you up to date with the Validity's endeavours.
Telegram Username: The associated telegram account that you personally use and that is an active member of our official telegram group ->
https://t.me/ValidityCrypto Discord Username: The associated discord account that you personally use and that is an active member of our official discord group ->
https://discord.gg/YQZrzbW Twitter Username: Your associated twitter account you use and that is currently following our official twitter ->
https://twitter.com/ValidityCrypto Facebook Username: Your associated twitter account you use and that has liked our official facebook ->
https://www.facebook.com/ValidityCrypto/Ethereum Address: Your Ethereum wallet address that will receive the airdrop reward ->
https://myetherwallet.com/ Roadmap PLEASE VISIT OUR NEW WEBSITE FOR UPDATED ROADMAP Team PLEASE VISIT OUR NEW WEBSITE FOR UPDATED TEAM Name: Samuel JJ Gosling (Gozzy)
Role: FounderExperience: UX/VX Engineer and Solidity DeveloperLocation: Dublin, Ireland Linked-in: https://www.linkedin.com/in/samuel-jj-gosling/Twitter: https://twitter.com/xgozzyGit-Hub: https://github.com/samgos Name: Lukas Fischereder (LuFi)
Role: Analyst Experience: I.T. ConsultantLocation: Gmunden, Austria Linked-in: https://www.linkedin.com/in/lukas-fischereder-bb5758145/Twitter: https://twitter.com/LukiFischereder Name: Marcos B Rubianes Role: Strategist Experience: GazprombankLocation: Zurich, Switzerland Linked-in: https://www.linkedin.com/in/marcos-ben%C3%ADtez-rubianes-9b19b864/Twitter: https://twitter.com/Foxxrex F.A.Q Will there be an ICO for VLDY? No there will be no ICO or pre-sale for the Validity token and project, we are a community-based project and it's important to elaborate that we do not have a lust for money. Hence why we are not holding any sort of ICO but also due to the fact that communities aren't as vibrant or ecstatic in projects driven by such methods.
How do I increase my VLDY token holdings?Through participation in delegation events, voters will be rewarded in regards to their voting weight and reoccurrence to cast votes for each event.
I missed the airdrop, how do I avail or buy VLDY tokens?Unfortunately, you must wait until VLDY is enlisted to an exchange or signup for the current airdrop, sorry for any inconvenience caused.
Why should we trust the information established via Validity?All of the information gathered and illustrated through the Validity, is compiled from community votes and a set technical assessment conducted by our team members. Each of which report will be published for the community to review. We are not telling you to act on any of the information gathered from our studies and delegations. Just that it can be used to as a guideline for investing if ever needed or perhaps to verify an impression/opinion heard from another source.
Links Website: https://vldy.org Telegram: https://t.me/ValidityCryptoDiscord: https://discord.gg/YQZrzbW Twitter:https://twitter.com/ValidityCrypto Git-Hub: https://github.com/ValidityCrypto Reddit: https://www.reddit.com/r/ValidityCrypto Communal Validation Article: https://medium.com/@samuel.jj.gosling/what-is-communal-validation-and-why-does-it-matter-8634dcba2133 
