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important and here's the reason why there are 3.8 billion vra tokens a max token supply of 10 billion now that may seem like a lot but let's look at the market cap of this particular token we're only talking about a market cap currently of 416 million dollars and if you think about and even a very small volume 32 million tokens transferred or or changed hands in the last 24 hours it's right now it's trading at four cents now i always say on these videos that when i'm looking at tokens to possibly invest in they have to have utility i think they've got to always have a utility some reason uh for their existence merely than just a token to be bought and sold now you'll notice right here this is an erc20 token ethereum token if we look at theta which you all know is one of my favorite tokens theta right now has like a 12 billion dollar market cap and so if this market cap just on vra even went to half which would be 5 billion of what theta is we'll call it 5 billion divided by 156 million that we're in right now that means that this could multiply three times or 32 times 32x times what did i say it is 4 cents that's a buck 28 that this token could potentially go to even if it just goes to half of where theta is right now let's go ahead and scroll on down you can see what it has done i'm going to go to maybe the last three months you can see how this thing has moved it was down here at golly what is that six tenths of a penny no six one thousandths of a penny back in january and it's climbed up here all the way to you know what it is right now the high looks like was four and a half cents but let's talk a little bit about what veracity's mission it says right here is to significantly increase advertising revenues for video publishers on any video platform through its rewarded player and stack utilization and they've got a patent so that's the other cool thing about veracity i love patents they've got a paten and essentially what i've sort of grasped from this is they have a technology that will sort of run on top of these video players and i believe the sole purpose is to reward people for watching but also part of their patent has to do with detecting who are actual legitimate uh watchers of the video so somehow they figured out how to distinguish between robots and real people and that really to me is the the huge benefit when you think about as a content creator which i am this may or may not hurt me but if the system is running and able to detect whether or not a video play is an actual user or a robot well then the advertiser or the advertising system could choose not to play that that commercial or that ad for a robot or they could choose to play it and just not charge the advertiser for it so i think that this whole process is interesting it puts a lot of control back into the hands of content publishers and you can see the roadmap that they've already done we're talking let's see 1819 we're getting in here to 2021 so qu you can see here vera walletthey've added their wallet staking they've integrated esports fight club like they're swapping or have swapped from erc20 to erc 777 token proof of view patent was rewarded and that's their big thingis they've they've created a crew it's called proof of view so if you think of proof of work which is what bitcoin is proof of stake which is what theta is and then they've created something called proof of view that is built in and patented by them and then you got over here they're building in player statistics
this is the other thing that i find
quite interesting with
uh veracity is the ability
to buy vra
and immediately stake it with a 25
percent
return per year which is crazy so you
think about this
if you put five thousand dollars into
this
you would essentially earn twelve
hundred and fifty dollars
in return uh off of that investment
that is unheard of you know and you look
at investing
and trying to build wealth if you can
get
11 or 12 percent you're doing fairly
well
sometimes you can get up to 17 or 18
doing like real estate if you're
putting your minimum down and you're
financing a lot your cash on cash return
could be up there in 17 18
25 is insane
i mean i don't know if that's something
that will be short-lived or if that'll
be a long-term
thing but uh 25 it's almost worth it
just
just to earn those rewards all right now
