[ANN][ICO]✅✅✅ WHITELISTING NOW! Verify - The Future of Reputation ✅✅✅

[verifyas]

BLUECash Escrow Technology Changing Smart Contracts as Whole
ohh, there is a similar project these days. your competitors is here, what do you think? what is your project competition?

Bluecash appear to be very early stage -- do they even have a website / white paper? We've had this question many times, and are publishing a comparison soon with more well known options like credit cards, Paypal and a few others. Will ping you when it's up.

[verifyas]

I think it would be best to list maybe a table of differences between competition for easier grasp

Already on it. We'll post a link to the comparison when it's ready and PM you with the post. Thanks for the suggestion!

[verifyas]

I think it would be best to list maybe a table of differences between competition for easier grasp

Already on it. We'll post a link to the comparison when it's ready and PM you with the post. Thanks for the suggestion!

Comparison post is up: https://medium.com/@verify.as/so-hows-verify-different-than-a4c09a40909b
Here's a chart summary

[ibininja]

I think it would be best to list maybe a table of differences between competition for easier grasp

Already on it. We'll post a link to the comparison when it's ready and PM you with the post. Thanks for the suggestion!

Comparison post is up: https://medium.com/@verify.as/so-hows-verify-different-than-a4c09a40909b
Here's a chart summary

What is execution ability?

[verifyas]

What is execution ability?

Basically, team and their *demonstrated* ability to execute on the idea

[pikkie]

what is the minimum softcap on your ico?

[verifyas]

what is the minimum softcap on your ico?

From the whitepaper, Section 6.2:

The soft cap is set at 30,000 ETH and once surpassed will result in the end of the sale within 96 hours. If the hard cap of 50,000 ETH is reached, the sale will halt immediately, and no further con- tributions will be accepted. Any tokens that are not sold will be burnt.

[RandyMagnum]

What companies are your competitors in this field? I don't see comparisons in white paper? Thank you.

The most known ones are Monetha and UTRUST. The major difference is on how the solution is catered; we have considered both buyers and sellers throughout the whole process. We have an escrow solution unlike Monetha and a clear implementation decisions related to hold periods, recourse and risk management (e.g. for various forms of established reputation system vulnerabilities like Sybil attacks, ballot stuffing, etc.) unlike UTRUST. To also add Verify has a crucial differentiator, it is a reputation protocol that governs participation in the network, applications can be built on top of it. One application is the Verify Payments which is described in the whitepaper.

We have posted a brief explanation on how we are different form Monetha and UTRUST here: https://medium.com/@verify.as/verify-the-solution-to-the-trust-problem-in-crypto-commerce-2cbaefed15e0
 
We are also working on the initial version of our API here https://docs.verify.as

thank you for detailed response. Most of benefits you offer is for sellers because escrow services for buyers is enough, isn't it? I think i need to learn your white paper more carefully.

[verifyas]

thank you for detailed response. Most of benefits you offer is for sellers because escrow services for buyers is enough, isn't it? I think i need to learn your white paper more carefully.

providing an escrow makes buyers happy, but most sellers wouldn't agree to it (as you pointed out). The question becomes: how do you provide buyers with the protection they need, but also pay sellers immediately. Reputation, that's how.

[laiwendersky]

BLUECash Escrow Technology Changing Smart Contracts as Whole
ohh, there is a similar project these days. your competitors is here, what do you think? what is your project competition?

Bluecash appear to be very early stage -- do they even have a website / white paper? We've had this question many times, and are publishing a comparison soon with more well known options like credit cards, Paypal and a few others. Will ping you when it's up.

thank you for your response.
the project aside, it's cool to see that your team are really active and respond to all questions, it's a good start, When we embark on any task, it is important that we start well. so I support it and I think I'd investe a bit here

[verifyas]

thank you for your response.
the project aside, it's cool to see that your team are really active and respond to all questions, it's a good start, When we embark on any task, it is important that we start well. so I support it and I think I'd investe a bit here

Thanks! We really appreciate the vote of confidence. If you're interested in diving into a detailed comparison with Monetha, Utrust and a few others, our Medium post does just that: https://medium.com/@verify.as/so-hows-verify-different-than-a4c09a40909b

[Tsar Bomba]

My honest opinion about this project is this is a useful project in real world. Especially on lending companies or the upcoming decentralize lending network ETHlend. Of course before lending money or asset to a person you must make sure that he is a credible payer that has the capacity to pay and not run away without a trace. Awesome project!

[verifyas]

My honest opinion about this project is this is a useful project in real world. Especially on lending companies or the upcoming decentralize lending network ETHlend. Of course before lending money or asset to a person you must make sure that he is a credible payer that has the capacity to pay and not run away without a trace. Awesome project!

That's exactly the sort of use-case the Verify reputation protocol would enable. Thank you for leaving your feedback!

[cryqtovn83]

Vietnamese ANN thread:
https://bitcoingarden.org/forum/index.php?topic=22082.0

[verifyas]

Vietnamese ANN thread:
https://bitcoingarden.org/forum/index.php?topic=22082.0

Thanks -- why bitcoingarden though?

[eth86]

Does this mean applications would be built on top of Verify? How will you share users' data with other applications on top? what will you share? what is considered private?

[verifyas]

Does this mean applications would be built on top of Verify? How will you share users' data with other applications on top? what will you share? what is considered private?

Great questions! Yes, we allow approved applications built on the Verify protocol to access and affect the reputation data for participants. We define reputation data in our whitepaper, at an abstract level, as consisting of two things: a computed rating, and a confidence score. An example of someone's "reputation" is [★★★★☆, 11]. This is the basic data shared with applications, along with an ID that uniquely identifies the participant. We plan on sharing more details about this as we develop the Verify OAuth interface and publish our Partner API documentation.

[SeveralQ]

(PS: Team welcome to add sale details)

Thanks, we tried adding some details but all pending verification.

Looks like you have made some good contributions! Is there anything you submitted that is not up yet?

[verifyas]

I won't be investing because it is too much of a risk. There are too many similar projects, what makes this project different?

We actually made a post about this. There are many similar projects, but what they primarily lack is industry experience (which demonstrates itself in secondary points like lack of a coherent, practical solution for both parties of the transaction, lack of a feasible go-to-market strategy, etc.). We've summarized the differences between Verify and various other players in the Medium post here.

You guys don't even have any prototype concepts that we can look at, sorry I will not be investing.

It's crucial to check that the team actually has an execution record, and I'm glad you asked about this! We've got 5 folks on our team working on an MVP that we're planning to release prior to the token sale date of Nov 29. We'll be deploying that to our website, as well as adding it to our official Github page. Added a reminder to PM you as well when it's up.

[rockfloater]

Did you think about Utrust and how it's scam (see utrust ANN)? How this is better