Verity Reaches 1000th Event Milestone: our story so far


Last Saturday (23th Feb 2019) we celebrated the 1000th event on the Verity platform! We’d like to say a huge thank you to everyone in our community who has taken part in an event, and helped us get to where we are today.

Since Verity was founded in late 2017, we’ve come a long way. Here are some of the highlights or the story so far:

  • Built a community of hundreds of participants, testers and fans
  • Successfully rebranded (from ‘Eventum’ to ‘Verity’) and redesigned our site
  • Recruited a 20-strong team of developers, marketeers, researchers and business experts
  • Tested numerous use cases for Verity including: insurance claim assessments, fake news identification, sports data reporting, car accident analysis, CCTV footage analysis
  • Collected 36K consensus votes
  • Distributed 210 ETH (more than $100K!) and 16M VTY in rewards to our community
  • Survived the ‘crypto winter of 2018’
  • Grown from zero to hundreds of monthly users

What’s next?

We are continuing to work towards building out the functionality of Verity and our mainnet release, which is planned for the end of Q1 2019. This will complete a major step in Verity’s evolution as we will then offer the essential functionality described in our Whitepaper, which includes token staking, reputation and dispute mechanism, to name a few.

After this incredible milestone is reached, we will focus on the more intricate mechanisms such as governance rights, behavioural algorithms and other features.

Being on mainnet also carries the benefit that you – our community – can receive instant payout for your efforts. As soon as an event or task ends, the rewards will become automatically claimable.

Again – a very big thank you for being part of our exciting story so far and we look forward to growing even further over the coming months.

Check out our celebratory video below: