Verasity, ticker symbol VRA, has burned 50% of its maximum supply today following one of the largest community consultations in crypto history — with further plans to move 90 billion tokens, currently reserved for data circulation, to a new blockchain
Open to over 500,000 community members and token holders, Verasity’s community consultation marks an inflection point for the project, which has transformed its position in the market through a strong focus on commercial adoption and transparent communications.
Today’s burn effectively caps VRA’s circulating supply at just ~10 billion. Verasity no longer required the 10 billion strategic reserve tokens following the commercial success of its anti-bot advertising technology offering, powered by its patented blockchain technology, ‘Proof of View’. Circulating VRA, which now numbers just ~10 billion, will retain its utility within the VeraViews advertising ecosystem as a payment option for clients, for use within the VeraWallet staking ecosystem, and as a deflationary token subject to quarterly burns. Over 155 million VRA was burned in H1 2023 alone.
The Verasity team has also stated that it is actively looking for alternative blockchains to move 90 billion ‘Proof of View’ marker tokens, which facilitate data transfer for its advertising stack and do not contribute to circulating supply.“Our commercial rollout is bringing greater utility to VRA through its primary use as a payments option for VeraViews campaigns.
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