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Topic: [ANN][ICO]✅✅✅ WHITELISTING NOW! Verify - The Future of Reputation ✅✅✅ - page 6. (Read 31535 times)

hero member
Activity: 798
Merit: 503
Nice! Won't be able to catch the stream, but I'll catchup on that. Smiley I would like to post a few questions and hope to here the replies from your team. Grin

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- For how long have your team planned this project?

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- How do you intend to build up your reputation?

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- If you were to do another project, what would it be about?

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- How did your team come up with this project? What is your inspiration and aspiration to Verify?
full member
Activity: 238
Merit: 100
hi dev, what i will get if i invest at your coin ? do you have some bonus or reward ? thanks
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
Hey everyone, we've got a live stream with the Verify team on Tuesday at 8am UTC! We'll have the Verify CEO Yazin Alirhayim and Head of Business Development Ibrahim Mokdad. Drop your questions here, or on the Youtube chat. All questions welcome!

Link to live stream: https://www.youtube.com/watch?v=0_SBGVoanHs 👈

member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
I won't even pretend I understand the technicals of this project--but from what I'm reading, it sounds like it may actually have a use (unlike 99% of ICOs and such).  Hope it goes well for you guys, glad to be part of the sig campaign.

Thank you!

Man, bitcointalk is in dire need of a new trust system.  Again, I'm not a computer science geekarooni and don't know cryptography from the back of my elbow, but it seems like something of this nature could be implemented instead of the broken-ass system we have now.

Yeah any situation that requires trust (i.e. pay now, get "something/service" later) is broken if it requires confiding in any single person or entity. By democratizing reputation, we're confident not only that we'd provide a solution to those already facing this issue -- but grow the entire pie, and have more folks using crypto for payments.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
I won't even pretend I understand the technicals of this project--but from what I'm reading, it sounds like it may actually have a use (unlike 99% of ICOs and such).  Hope it goes well for you guys, glad to be part of the sig campaign.

Man, bitcointalk is in dire need of a new trust system.  Again, I'm not a computer science geekarooni and don't know cryptography from the back of my elbow, but it seems like something of this nature could be implemented instead of the broken-ass system we have now.  Ignorance is not bliss!  I wish I had the math background to understand all of this.
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
What a cool project! Man, the future of the economy system is looking so beautiful...

Good luck!

Thank you! Be sure to drop your email on our site so we can keep you posted on progress: https://verify.as/
member
Activity: 308
Merit: 13
What a cool project! Man, the future of the economy system is looking so beautiful...

Good luck!
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
Why not add a countdown to your site or the date on the main thread, to make it clearer?

Nov 29, 2pm UTC: that's right. We're actually releasing the tokensale page over the weekend, and adding the timer. Thanks for telling us though.

May I know more about the company Verify Pte Ltd, as stated in section 6.2 of the Whitepaper shown below? I can't seem to find any details about it online so I wish to know more about the company.

Absolutely. Singapore has a public company directory called Bizfile.gov.sg that you can use to look up the company registration details. Our company registration number is 201731477D. Screenshot below:



As for the site, are there more screenshots and preview to how the site works and looks like? I am very interested in how it goes and would like to see if there are any updates whatsoever. Signed up for the newsletter and hope to hear more soon! Cheesy

We were going to put it up as a surprise, but we're pushing this out over the weekend. You'll be hearing about it on the newsletter and on here. For now, we've got our draft API docs here.
hero member
Activity: 798
Merit: 503
Hey there, with the ICO sales coming pretty soon, (I assume 29 Nov as you mentioned):
Nov 29th, 2pm UTC.

Why not add a countdown to your site or the date on the main thread, to make it clearer? May I know more about the company Verify Pte Ltd, as stated in section 6.2 of the Whitepaper shown below? I can't seem to find any details about it online so I wish to know more about the company.


As for the site, are there more screenshots and preview to how the site works and looks like? I am very interested in how it goes and would like to see if there are any updates whatsoever. Signed up for the newsletter and hope to hear more soon! Cheesy
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
What makes Verify different to an escrow? For example, online escrow bots or trusted individuals? To be honest, an escrow would still be a safer option in a trade. Don't you think so?

Escrows are good for buyers, but they're terrible for sellers -- especially if these sellers have any serious transaction volume. The more orders you get, the more money you have locked up in the escrow -- and that really hurts cash-flow. Since any payment solution would have to integrate with sellers first before buyers can use it, it's obvious why no escrow service has been able to take the market by storm.

Reputation solves the problem that escrows cannot: it allows you to pay sellers instantly, while still providing buyers 100% protection.
sr. member
Activity: 385
Merit: 266
That said, we are doing a draw for "golden tickets" from our email subscribers -- where selected individuals would be given a guaranteed spot in the tokensale; this would still be at the same rate everyone else gets: $0.225/CRED
I see. Just another question. What makes Verify different to an escrow? For example, online escrow bots or trusted individuals? To be honest, an escrow would still be a safer option in a trade. Don't you think so?
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
Do you guys give any bonuses to investors? Say $20000AUD or higher? I have 2.3BTC and I am thinking about investing in some ICOs. Verify looks like a promising investment, but I just need to think about it again.

Thank you for your interest! Unlike many ICOs, we've never issued a discount on the CRED token (and we have no plan to do so). There's been quite a lot of interest -- especially since our announcement to reduce the hard cap to just $2.25 -- and we expect the tokensale to fully sell out, and quickly.

That said, we are doing a draw for "golden tickets" from our email subscribers -- where selected individuals would be given a guaranteed spot in the tokensale; this would still be at the same rate everyone else gets: $0.225/CRED
sr. member
Activity: 385
Merit: 266
Do you guys give any bonuses to investors? Say $20000AUD or higher? I have 2.3BTC and I am thinking about investing in some ICOs. Verify looks like a promising investment, but I just need to think about it again.
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
Excellent project, I took this afternoon to read your whitepaper and all the information there is more about the project, I loved everything I saw about it, I hope this project goes forward, the initial price per coin is excellent. Success.  Smiley

Thanks alot, appreciate you taking the time to go through it -- and to share this feedback with us!
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
What about cap for bounty? Doesn't it change? 4% from hard cap 2.25m it's only 90000$?

We reduced the token supply, but increased the bounty allocation (all the details are in Section 6.3 of our whitepaper):

member
Activity: 126
Merit: 10
Excellent project, I took this afternoon to read your whitepaper and all the information there is more about the project, I loved everything I saw about it, I hope this project goes forward, the initial price per coin is excellent. Success.  Smiley
full member
Activity: 434
Merit: 104
Thanks for the announcement. Your project sounds interesting, Have any signature bounty here? I have just become jr.mem so I really want to join.

Yup, we've listed our Bounty campaign here. It's filling up quickly, so definitely get involved while it's still open!
What about cap for bounty? Doesn't it change? 4% from hard cap 2.25m it's only 90000$?
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol
Thanks for the announcement. Your project sounds interesting, Have any signature bounty here? I have just become jr.mem so I really want to join.

Yup, we've listed our Bounty campaign here. It's filling up quickly, so definitely get involved while it's still open!
member
Activity: 112
Merit: 10
Verify is an Ethereum-powered Reputation protocol

I scrolled through your whitepaper and i like the idea a lot! But i still have a few questions which didn't get awnsered by looking at your whitepaper.

Thanks! Let's dive in...

1) The credit ceiling of a seller can be decreased. But how does it exactly get decreased? With a reputation of <3 stars? Or does it need several bad reputations?

The exact mechanism is not made public to prevent manipulation. I can tell you that it would depend on several factors, the primary one being the magnitude of the difference between the expectation that was set with the buyer and the actual result. It also, as you noted, is dependent on our confidence in this assessment (based on historical data).

2) How do you secure yourself (or the buyer) from an exit scam of a seller with a high credit ceiling? Are personal information gathered somehow?

We perform Know Your Customer (KYC) checks on all sellers. This is required by law in many jurisdictions, and also helps prevent some obvious attack vectors (like a Sybil attack). We describe this in detail in the Section 4.3.2 Advance Payment:

3) In theory a seller could "sell" products to his own accouts to gain a good reputation / high credit ceiling. Did i miss something in the whitepaper here?

Another great question Bob! You're thinking of many different attack vectors that this solution might be susceptible to, and we've got this one covered too. Section 4.3.2 comes to the rescue once more:

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The first facet of this solution is to prevent sellers from accumulating a high reputation in a short period of time through “fake” transactions. Here, we note various signature traits of a transaction (device fingerprint, IP address, source of funds and other patterns) to detect and reject repeated fraudulent transactions originating from a single buyer (or a network of illegitimate buyers). The mechanism used here is similar to the one described in the prior section on Buyer Protection abuse prevention. Further, the reputation calculation mechanism limits what proportion of one’s reputation can originate from a single party.


Thanks for taking the time to ask these great questions!
legendary
Activity: 1624
Merit: 2481
I scrolled through your whitepaper and i like the idea a lot!
But i still have a few questions which didn't get awnsered by looking at your whitepaper.

1) The credit ceiling of a seller can be decreased. But how does it exactly get decreased? With a reputation of <3 stars? Or does it need several bad reputations?

2) How do you secure yourself (or the buyer) from an exit scam of a seller with a high credit ceiling? Are personal information gathered somehow?

3) In theory a seller could "sell" products to his own accouts to gain a good reputation / high credit ceiling. Did i miss something in the whitepaper here?


If i overlooked the awnsers from the whitepaper, i am sorry. In this case i'd be happy with you telling me where in the whitepaper i can find awnsers to my questions.
Nevertheless, i think this is a good idea and could get really big if promoted right.
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