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Author Topic: ✅ [ANN][VLDY][Validity] A self-governing cryptocurrency evaluation platform ✅  (Read 3083 times)
Gozzy
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August 15, 2018, 03:11:12 PM
Last edit: August 14, 2019, 05:53:46 PM by Gozzy
 #1

VALIDITY (VLDY)

A go-to reference point for investors to verify the integrity of an investment decision
 
Website | Telegram | Discord | Git-Hub | Twitter | Facebook | Linked-in

Try out our MVP at https://vldy.org



 
Index
 
◈ Background
 
◈ Ambition
 
◈ Function
 
◈ Token
 
◈ Team
 
◈ FAQ

◈ Links


 
Background
 

 
Cryptocurrencies have had a huge impact on society with the largest influx of attention and new investors coming in 2017. This was largely due to the prospect of turning over large profits in a very short time frame. Newcomers to the crypto-sphere can get blinded by this excitement and will jump at any promising looking opportunity in an attempt to make quick profits. Unfortunately, many are not aware of the dangers that accompany an unregulated market and do not perform much analysis before making their investment decisions.
 
Regulation is an important part of any financial system as it helps provide clear insight into what is legitimate and what is not. Due to blockchain technology functioning on the basis of decentralization, it is difficult to implement a traditional regulation mechanism usually because traditional regulation systems function via a centralized source. This is also why blockchain technology is so valuable since its method of verification is through what is known as distributed consensus; a form of communal validation, rather than from a central source.
 
We have all witnessed what can happen in an unregulated market. There has been a massive influx of unethical actions since the rise of the infamous ‘ICO’ (Initial Coin Offering). Scams like Confido (CFD) which were professionally orchestrated, successfully acquired $375,000 without leaving a trace. This is one of the most widely renowned scams ever conducted in the cryptocurrency space and is just one of the many fraudulent related activities that occur on a weekly basis. With the growing popularity of blockchain it is only going to occur more frequently, currently, there are very little portals to verify the integrity of an investment decision nor is there any form of validation methods used to approve a project safe for investing. Majority of information regarding a project's illegitimate movements are only announced from a select few victims via Reddit or Bitcointalk usually, the majority of these posts don't get enough exposure in order to make a widespread difference. A communities user experience provides an intrinsic insight into a project's motives, as a community is a huge part of any ecosystem. There is some existing platforms that exist, which do indeed aim to promote scam awareness through communal reviews and a rating system based on provided project details (Eg:https://isthiscoinascam.com) As you can imagine some of the information via these web portals provided can be flawed, let alone the fact that the proposed projects don't go through an extensive analysis to be deemed safe or unsafe. Another weak point is that the information compiled on these platforms are not utilizing decentralized hosting methods via the blockchain. This would certify the data to be immutable and viewable to anyone, a way to achieve such a result would be injecting the data into smart contracts. Unfortunately, the good motives that these platforms aim to promote, are not widely appreciated and incorporated as much as they should be.
 
Ambition


 
The  Validity aims to have a thriving ecosystem, which depicts what future targets should be chosen for analysis. This will consist of an overall investigation into the project's integrity through an analysis conducted by our team and delegation through the community of regarding of positive and negative votes. The combination of these results shall conclude to an end result that elaborates how safe or unsafe an investment decision may be if one was to support a target project. So if a project is deemed safe it will be validated by the  Validity and illustrated as being so via our platform if it isn't the target will be exposed as possibly being a perilous investment decision and issue a warning to the masses. The compiled data of these events shall be stored in solidity based smart contracts, one of which is for validated projects and another for unvalidated projects. Both will be displayed on our website for the public to view. The idea is to create a go-to reference point for investors to verify the integrity of an investment decision, which would help them create a more dynamic conclusion whether or not to financially support the chosen project. Providing the groundwork for such an infrastructure will demand skill and time to construct an appropriate and efficient mechanism. Its future will depend on the participation of the community to propose projects and to help contribute to a final outcome regarding the probity of cryptocurrency projects.
 
What we hope to achieve is a database that one day, may aid the decline of the large amounts of money gathered through unethical movements in this unregulated space we call crypto. The end goal would that be that official and legitimate tokens or coins would actually desire to be analyzed through our system, in order to illustrate their good motives and dedication to complete the task at hand. Which in turn would help projects bare a certified image through communal validation, this would create a trustworthy and ethical reputation regarding the project from the market's perspective.
 
Function
 

 
The operational basis for the  Validity consists of the smart contract language known as Solidity, which will help to integrate delegation methods through token holdings. But also to create the associating ledgers in order to store the gathered analytical data. The data relates to every target project that has been processed through the system and appointed in respect to the final validation result for each. Let's talk through the steps of how a validation test would be proposed and initiated:
 
◈ An election is held to determine the upcoming target project for validation, whatever project wins by the highest amount of votes is the project that will be investigated.
 
◈ The team conducts an analysis of the delegated proposal, which would consist of an inquiry into a project's authenticity based on the information provided and overall communal feedback.
 
◈ Each community member casts a positive or a negative vote in relation to the proposed project, using their VLDY token holdings within the official wallet through a Ðapp.
 
◈ The end result is a combination of both of these data sets, which would create an end value for a rating system, it would comply with any familiar education grading. A pass result would bare 40% and would be certified as low rated validated. If it was to fall under this it would be branded unvalidated and deemed unsafe for investing, anything higher than a pass would elaborate how well the project is maintained and operated.
 
◈ The data is injected into the associated ledgers, either the validation contract or the invalidation contract based on the final result.
 
At this point, the data would be officially decentralized and retrievable to anyone who applies some simple web3 commands to the live contract. It will also be integrated into our web platform for the public to view and use as a reference point for any future investments they are uncertain about. Hopefully to provide them to make a wiser and more informed decision before financially supporting a cryptocurrency project.
  
Let's provide a small insight into how token voting would occur, voters call a function from a custom delegation contract in order to register their address in the voter's registry. This function would require two inputs, your account address (msg.sender) and voting option selection (byte) of one of the following: Positive=0x01 and Negative=0x02. This data would be retrieved through a web3 and truffle js Ðapp, which will be planned to be integrated as a feature to our official future wallet. This would interact with the contract to store your details for voting, the voter’s current balance would be recorded using the balanceOf() public ERC20 command and converted to the associated token to vote ratio (1 Vote = 10,000 VLDY). All of this data would be then pushed to a structure array and to prevent double voting (aka someone voting from one account then sending their balance to another account), the delegation contract will have a vote verification system that would prevent this from occurring. As if a change in balance is detected, the voting count for the regarding account registered will be recalculated once the delegation period has concluded. It is required that the delegates should keep their tokens stationary until the vote has been concluded, to ensure that every initial vote is counted.
 
In order to cast an incentive to vote amongst the  Validity, voters will be rewarded for delegation event participation based on their voting weight and recurrence. Through applying a mintable token contract for motivation, the delegation contract will bare an implemented token reward system that exponentially decreases with time. If a voting account is active and participates successfully in twenty-five consecutive delegation events they will receive a special bonus! As it may be the case if such a stake delegation reward system didn't exist, community members may not be as active or motivated to cast votes. The  Validity hopes that the image of voting can be redefined via the blockchain, into one of such that is rewarding, transparent and decentralized. The end result of the communal feedback would provide a 50% or less insight regarding how an investment might be a risky or trustworthy based on the perceived integrity of the third parties motives.
 
MVP (live on Rinkeby) -> https://vldy.org
 
As for the team's analysis which will help fulfil the remaining validation end result, it will consist of a rating system with a branch of separate project elements to be assessed. A number of skill sets will be applied to follow the metaphorical digital footprints of these amoral others, who go beyond the extents of ethnicity to take advantage of people when they are not expecting it. Below are some of the following target project aspects that will be investigated:
 
All subcategories will be marked out of 10 and will determine the overall score for that assessment aspect.
 
Team transparency, project details and communications.
An investigation regarding how pellucidly a projects team is regarding their provided personal information and the honesty of their previous experience and claims. Certain elements of their communication activity and response rate will be monitored, but also how they treat investors in a professional and intellectual manner.
 
    X1 - ANN content
    X2 - Team information
    X3 - Team interactions
    X4 - Team response time
    X5 - Social media activity
 
Internet and forum feedback.
Another source of information regarding the negative or positive associations of a project's motives are within the world wild web, social media platforms like Reddit provide an epi-centre for communal responses on a specific token or coin. A selective amount of posts regarding the delegated project would be examined, each of would be interpreted as Positive or Negative. Two places of which to observe posts of which, would be Reddit at r/cryptocurrency and here at BCT in the scam accusations sub-forum (https://bitcointalk.org/index.php?board=83.0).
 
    X1 - Articles
    X2 - BCT posts
    X3 - Reddit posts
    X4 - Twitter posts
    X5 - Youtube videos
 
Informative verifiable analysis.
A large of cryptocurrency projects claim to have multiple partnerships, for example, a majority of these accusations are never investigated nor questioned. Some fraudulent projects use other peoples pictures for a fake blockchain developer or team member alias.
 
    X1 - Team identities
    X2 - Team experiences
    X3 - Project partnerships
    X4 - Whitepaper references
    X5 - Project announcements
 
All analyst data produced by the team will be executed through a method of peer production and if the masses disagree that the integrity of the results produced is not true. The communal perspectives will be gathered by our team and a retrial for that analysis category will occur until a pure result is obtained.
 
Tokeneconomics
  
PLEASE VISIT OUR NEW WEBSITE FOR UPDATED TOKEN ALLOCATION


Airdrop
  
Everyone is entitled to a single position in each round, regardless if they were present in the previous event or not.
 
Tier 1
Rounds: 8
Supply allocation total: 30%
Supply allocation per round: 3.75%
Token allocation per round: 1,897,500,000 VLDY

Tier 2
Rounds: 8
Supply allocation total: 20%
Supply allocation per round: 2.5%
Token allocation per round: 1,265,000,000 VLDY

Tier 3
Rounds: 10
Supply allocation total: 10%
Supply allocation per round: 1%
Token allocation per round: 506,000,000 VLDY


YOU WILL NOT RECIEVE TOKENS IF A PARAMETER IS MISSING, PLEASE FILL OUT ALL INPUTS.
 
YOU WILL ONLY BE ABLE TO USE AND VIEW YOUR VLDY TOKENS THROUGH A ETHEREUM WALLET.

 
Airdrop Form: http://vldy.org/
 
Submit the following parameters required to avail of the initial distribution:
 
Email: Your personal email so we can contact you if any data is incorrect or missing and keep you up to date with the  Validity's endeavours.
 
Telegram Username: The associated telegram account that you personally use and that is an active member of our official telegram group -> https://t.me/ValidityCrypto
 
Discord Username: The associated discord account that you personally use and that is an active member of our official discord group -> https://discord.gg/YQZrzbW
 
Twitter Username: Your associated twitter account you use and that is currently following our official twitter -> https://twitter.com/ValidityCrypto
  
Facebook Username: Your associated twitter account you use and that has liked our official facebook -> https://www.facebook.com/ValidityCrypto/

Ethereum Address: Your Ethereum wallet address that will receive the airdrop reward -> https://myetherwallet.com/
 
Roadmap
 
PLEASE VISIT OUR NEW WEBSITE FOR UPDATED ROADMAP
  
Team
  
PLEASE VISIT OUR NEW WEBSITE FOR UPDATED TEAM

Name: Samuel JJ Gosling (Gozzy)
Role: Founder
Experience:  UX/VX Engineer and Solidity Developer
Location: Dublin, Ireland
Linked-in: https://www.linkedin.com/in/samuel-jj-gosling/
Twitter: https://twitter.com/xgozzy
Git-Hub: https://github.com/samgos
 
Name: Lukas Fischereder (LuFi)
Role: Analyst
Experience:  I.T. Consultant
Location:  Gmunden, Austria  
Linked-in: https://www.linkedin.com/in/lukas-fischereder-bb5758145/
Twitter: https://twitter.com/LukiFischereder

Name: Marcos B Rubianes
Role: Strategist
Experience:  Gazprombank
Location:  Zurich, Switzerland  
Linked-in: https://www.linkedin.com/in/marcos-ben%C3%ADtez-rubianes-9b19b864/
Twitter: https://twitter.com/Foxxrex
 
F.A.Q
 
Will there be an ICO for VLDY?
No there will be no ICO or pre-sale for the Validity token and project, we are a community-based project and it's important to elaborate that we do not have a lust for money. Hence why we are not holding any sort of ICO but also due to the fact that communities aren't as vibrant or ecstatic in projects driven by such methods.
 
How do I increase my VLDY token holdings?
Through participation in delegation events, voters will be rewarded in regards to their voting weight and reoccurrence to cast votes for each event.
 
I missed the airdrop, how do I avail or buy VLDY tokens?
Unfortunately, you must wait until VLDY is enlisted to an exchange or signup for the current airdrop, sorry for any inconvenience caused.  

Why should we trust the information established via Validity?
All of the information gathered and illustrated through the  Validity, is compiled from community votes and a set technical assessment conducted by our team members. Each of which report will be published for the community to review. We are not telling you to act on any of the information gathered from our studies and delegations. Just that it can be used to as a guideline for investing if ever needed or perhaps to verify an impression/opinion heard from another source.
 
Links
 
Website: https://vldy.org
 
Telegram: https://t.me/ValidityCrypto

Discord: https://discord.gg/YQZrzbW
 
Twitter:https://twitter.com/ValidityCrypto
 
Git-Hub: https://github.com/ValidityCrypto
 
Reddit: https://www.reddit.com/r/ValidityCrypto
 
Communal Validation Article: https://medium.com/@samuel.jj.gosling/what-is-communal-validation-and-why-does-it-matter-8634dcba2133





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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
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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?
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August 17, 2018, 11:11:42 AM
 #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!
Gozzy
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August 18, 2018, 08:36:40 AM
 #13

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
 #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?
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August 19, 2018, 09:09:45 AM
 #15

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
 #16

http://airdrop.validity.ae/ is wrong, could you confirm this site isnt live yet or has some typo in the address?
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August 21, 2018, 11:23:18 PM
 #17

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
 #18

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
 #19

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
 #20

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!
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