The launch date of both is Monday, August 20, 7pm EST. Current UI connects to the Ropsten testnet version.
Website | Whitepaper | Chat
https://i.imgur.com/0Hlhe08.png
A major factor in the value of a cryptocurrency is the breadth of its adoption. Too many coins in too few hands create a sense of uncertainty and risk, as the major holders may choose to exit at any time. The true potential value of the token is constrained by a catch-22; value depends on users, but users want to see value before accepting risk.
Attempts at creating a store-of-value, transaction friendly Ethereum token have seen some success in the form of proof-of-work systems like 0xBTC. But cryptocurrency mining only increases decentralization so much, since access to mining hardware and cheap electricity is still relatively centralized. 0xVRF takes decentralization one step farther with the power of the Eth Verify system, allowing all new tokens to be issued to individual people, at no cost and no risk to them. Revenue from Eth Verify signups is also redirected to an automated exchange for 0xVRF, increasing its value directly.
https://i.imgur.com/ZHhepa0.png
Eth Verify is essentially a one-time signup CAPTCHA system for smart contracts, with the main expected use case being crypto-gaming. Users sign up off-chain, the system determines if they are legitimate individual users (as opposed to bot operators attempting to create many accounts), and the results are represented on-chain, where any other contract can access them. Being able to filter out bots is highly desirable and something crypto-gaming developers have wanted for a long time. This allows fully on-chain promotional giveaways and freemium business models that have so far been largely impractical, due to the ever present reality that any free resources with real value will be an immediate target of mass account abuse.
Eth Verify solves this problem at no cost to developers, and no cost to users (users may pay a fee for immediate verification, but this is optional). The size of the network and therefore the desirability of the platform is additionally increased by pre-verifying thousands of Ethereum addresses that have participated in popular DApps; many users will never even have to register, for an uninterrupted user experience with contracts using the service.
In addition to being the recipient of Eth Verify revenue, the 0xVRF token also is used to directly calibrate the registration cost to prevent abuse.
The combination of these systems, 0xVRF and Eth Verify, results in a cryptocurrency with a highly decentralized distribution, and therefore a clear path to network growth and increasing value.
Distribution Info:
- Target daily token issuance (spread evenly between claimants): 10,000,000
- Tokens initially purchasable: 70,000,000