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Author Topic: [ANN][AIRDROP][VLDY] Validity: A self-governing rating system for crypto assets  (Read 6458 times)
Gozzy
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August 15, 2018, 03:11:12 PM
Last edit: June 15, 2020, 12:12:19 AM by Gozzy
 #1





Validity (VLDY)

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A self-governing rating system for crypto assets
Cryptocurrencies and blockchain can be a hard prospect to understand. The general investor has little explicit knowledge about this new branch of enabling technology, which revolves around distributed networking and cryptography. Nevertheless, they continue to show interest either through investing or leveraging it for utilities not accessible in the digital and financial systems of today. Digital currencies have undergone many evolutions and adaptations since the creation of Bitcoin (BTC), which was developed by the pseudo-anonymous Satoshi Nakamoto. With the parabolic growth of this e-cash, adaptations flourished for reasons both foul and pure. Introducing new approaches to innovation and monetisation that further complicated the narrative of crypto assets. Today there are over 5,000 cryptocurrencies, 20,000 exchanges, countless companies and decentralised applications now attempting to capture a position within the market share of distributed technology. In 2017, ICO's (Initial Coin Offerings) an experimental form of crowdfunding that erased all commonly known investor rights present in legacy markets was brought to creation. It was then soon after, Statis Group reported that over 80\% of ICO's held in the calendar year were justified to be scams. What's more, the adequacy of cryptocurrencies themselves are subject to questioning due to the essence of open-source software (OSS). The ability to "fork" is a common practice to promote either; the rapid development or bootstrapping of an OSS technology but with the power of any freedom follows the flaws. The majority of cryptocurrencies bear impeccable similarities to their predecessors, it is common that, unethical projects clone the source code of successful projects and present new and appealing branding to divert the focus from their lack of originality. The general investor usually constitutes investments based on social and financial traction, so it's often overlooked. Whitepapers, a technical document into the originality of a product are also subject to frequent forgery, even in the origin of some of the industry-leading cryptocurrencies in the market today. It was reported that over 6% out of a selection of 3,300 cryptocurrency projects that the Wall Street Journal examined had clear evidence of plagiarism from past projects.

Among other concerns, Bitwise published a report in 2018 that conceptualised an argument that 95.5\% of cryptocurrency exchange volumes were fake. Yet, investors and traders continue to trust their funds in the faith of questionable entities. It was recently determined from the years since 2011, an estimated amount of $11,000,000,000 worth of assets have been lost in hacks within the hands of exchanges. Even with the recent years of evolution for decentralised markets, the average user still reverts to centralised exchanges due to liquidity and the diversity of assets on display. What is more worrying, is that investors today still participate in causes of obvious profiteering, ponzi and pyramid schemes especially dominate in obtaining billions of dollars in the consecutive years leading up to 2020. Frauds like Bitconnect, PlusToken, and OneCoin tainted the industry's image in the general public and managed to steal an estimated amount of $25,000,000,000 over the years of their operations. Given the reoccurring malpractices present, there is a clear need for crowdsourced evaluations to help investors validate the legitimacy of cryptocurrency investments and solutions. Previous attempts such as ICOBench, a rating platform for cryptocurrency crowd sales lost all credibility once it was discovered of its pay-to-rate model. Where any rating could be inflated through featured purchases, which led to investors being deceived and some becoming victims to fraud. Problems like these originate from opaque and centralised operations and the only way to reduce or inhibit them is creating structures that depend on collective intelligence and transparency. So that, bad actors and management can be identified and dealt with to nurture the common set of goals shared amongst benefactors and the users of the system. Allowing investors to leverage it as a reliable reference point to verify the integrity of an investment.
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doducanh2
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August 15, 2018, 03:14:06 PM
 #2

   this project has many features for its users. besides the team and the developer really helps the project to get better.                     
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August 15, 2018, 03:17:20 PM
 #3

   this project has many features for its users. besides the team and the developer really helps the project to get better.                     

What features does it have?
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August 15, 2018, 03:35:40 PM
 #4

   this project has many features for its users. besides the team and the developer really helps the project to get better.                     

What features does it have?

vote to get reward instead of pow/pos, very nice.
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August 15, 2018, 04:07:10 PM
 #5

Good and needed project. Hope it becomes a standard way to validate crypto.
Gozzy
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August 15, 2018, 04:10:25 PM
 #6

Airdrop form and website are currently down for those wondering, token deployment and website launch to be pushed within the upcoming week  Smiley
heru ardhianta
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August 15, 2018, 04:13:00 PM
 #7

viewed from the concept of Validity is very nice and interesting, I guess they could make it all be useful in the future
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August 16, 2018, 08:26:33 AM
 #8

Fast and efficient action, Gozzy and the Team. Thank you and all the best!
Interesting times ahead.
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August 16, 2018, 08:54:39 AM
 #9

good project I think that in the future everything will be used by the team does everything to develop its project to see good projects with the prospect of a large
nigelsblockchainbytes
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August 17, 2018, 01:49:02 AM
 #10

Cool project. Just wondering, since scammers use so many methodologies how do you define scams? Poor definition may lead investment fleeing good projects and scammers to evolve their tactics.
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August 17, 2018, 03:59:26 AM
 #11

Hello please help, I am receiving this error every time I click your website link. I already tried to refresh many times.

"This site can’t be reached
airdrop.validity.ae’s server IP address could not be found.
Search Google for airdrop validity ae
ERR_NAME_NOT_RESOLVED"

Or are you just having a maintenance at the moment?

Gozzy
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August 17, 2018, 11:11:42 AM
Last edit: October 29, 2019, 03:59:17 AM by mprep
 #12

Cool project. Just wondering, since scammers use so many methodologies how do you define scams? Poor definition may lead investment fleeing good projects and scammers to evolve their tactics.

Through analysis and delegation my friend, a split 50/50 result will allow a factual and a communal perspective to dictate the end result. Re-validations can occur if demand is high, it's also important to note that the analysis is composed via a form of peer review to ensure it's purity.

Hello please help, I am receiving this error every time I click your website link. I already tried to refresh many times.

"This site can’t be reached
airdrop.validity.ae’s server IP address could not be found.
Search Google for airdrop validity ae
ERR_NAME_NOT_RESOLVED"

Or are you just having a maintenance at the moment?

Currently our alpha website is in the works and will be with us by the end of the week at the latest, sorry for the delay. Join us on telegram or discord to stay in-tune with Validity endeavours!



Sneak peak at the new website, as I showed Osoese stay tuned. Release to follow containing the round two airdrop form!
 
https://twitter.com/os03se/status/1030477384884072449
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August 18, 2018, 11:28:49 AM
 #13

This is a good intentional project, wish you success.
But how can you control the deliberate manipulation of a fraudulent group to cast a good vote on their fraudulent project?

 
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Gozzy
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August 19, 2018, 09:09:45 AM
 #14

This is a good intentional project, wish you success.
But how can you control the deliberate manipulation of a fraudulent group to cast a good vote on their fraudulent project?

We have a solution to exactly what you are mentioning, unfortunately I can't mention it directly yet as it isn't solidified but once implemented in the delegation contract an explanation will be released.
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August 21, 2018, 01:36:51 PM
 #15

http://airdrop.validity.ae/ is wrong, could you confirm this site isnt live yet or has some typo in the address?
Gozzy
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August 21, 2018, 11:23:18 PM
 #16

http://airdrop.validity.ae/ is wrong, could you confirm this site isnt live yet or has some typo in the address?

Yes sir you are correct the website will be live from tomorrow once announced and http://airdrop.validity.ae/ is a typo thanks for pointing it out !
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August 22, 2018, 12:30:11 PM
 #17

I have joined your telegram, but I haven't seen the specific airdrop information.
I want to know how your reward mission is going. Is it too late for me to join now?
Gozzy
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August 22, 2018, 01:54:22 PM
 #18

Attention community, our new website and registration for the VLDY airdrop round two is now live at http://validity.ae/

It's partially mobile optimised for the majority of devices, which shall be improved as we go along.

The form will not submit unless you enter all parameters and have inputted a wallet address equal to 42 characters. Please wait for a second or two after clicking the submission button, if no response then it's an invalid submission if correct the form window will close and alert of the successful submission.

 If you applied for the first airdrop round, you still have to apply again to avail of round two  

Thank you for your patience and spread the word !

I have joined your telegram, but I haven't seen the specific airdrop information.
I want to know how your reward mission is going. Is it too late for me to join now?


Check the above my friend, no you are just on time!
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August 22, 2018, 02:44:08 PM
 #19

Very Impressive project!

Project with a Good, clean purpose, and good CEO which is most of the time reachable and glad to answer any question.

Big support!
Gozzy
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August 22, 2018, 03:11:47 PM
Last edit: October 29, 2019, 04:03:05 AM by mprep
 #20

https://twitter.com/ValidityCrypto/status/1032271719547977731 RT RT RT please spread the news Smiley


Very Impressive project!

Project with a Good, clean purpose, and good CEO which is most of the time reachable and glad to answer any question.

Big support!


+1 UP , thank you your support is highly appreciated and keeps the project running !





https://twitter.com/ValidityCrypto/status/1032605006158028800

Airdrop graphic created in order to extend our exposure !

RT is highly appreciated.
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