AMA RECAP : CRYPTO MALLU CLUB x VERA

Venue : @CryptoMalluClub

Date : 3rd December 2021

Time : 3 PM UTC

GUEST : Jeralyn | VERA

SEGMENT 1 : INTRODUCTION SEGMENT

Christina | CRYPTO MALLU CLUB

Q1. Could you Guys please provide a quick self-introduction for the community?

Jeralyn | VERA

I’m Jeralyn, mainly managing the operations part of Vera. My background would surprise some as it’s a little different from what most will expect! My experience comes mainly from business operations and account management. Consumer goods, somewhat different from what we are doing right now.

I joined Vera towards the end of July and it had been an amazing and exciting journey ever since. To be honest, I am super new into the crypto world, getting exposed to the world of crypto is an eye-opening adventure with all the new stuffs you get to learn each day.

Christina | CRYPTO MALLU CLUB

I’m Jeralyn, mainly managing the operations part of Vera. My background would surprise some as it’s a little different from what most will expect! My experience comes mainly from business operations and account management. Consumer goods, somewhat different from what we are doing right now.

I joined Vera towards the end of July and it had been an amazing and exciting journey ever since. To be honest, I am super new into the crypto world, getting exposed to the world of crypto is an eye-opening adventure with all the new stuffs you get to learn each day.

Jeralyn | VERA

Vera is an open financial platform for non-fungible token (NFT) assets that offer decentralized financing, leasing, lending, seller protection, and other essential financial services for any NFT application.

Vera’s platform is open-sourced and supports NFTs minted on any blockchain such as Ethereum, Polkadot, Solana, Polygon, or Binance Smart Chain.

Using Vera, applications such as NFT marketplaces, games, or metaverses can generate new revenue streams, reimagine user experiences, and empower their communities.

Token Utilities
• Pay the NFT seller VERA tokens equivalent to the price of the purchased NFT when the buyer chooses Vera Network Financing as the payment option.
• Pay NFT stakers VERA tokens as a reward for contributing assets to Vera Network.
• Use VERA tokens as to pay for network and financial service transaction fees.
• Hold/stake tokens to earn dividends from a portion of our network’s revenues and transaction fees.
• Hold/stake tokens to gain access to the network’s financial services and rewards.
• Spend VERA to purchase ecosystem products and services or pay back outstanding debt or interests.
• Receive product/service discounts or more favorable interest rates when paying in VERA.
• Potential % of network fees will be used to buyback and burn VERA, decreasing circulating supply
• Monetize locked VERA tokens.
• Vera Network Governance: VERA token holders can vote for changes and improvements to our network.

Our main competitive advantages to any potential competitors are:
1 First-mover advantage
2 High product market fit with major games, metaverses, and NFT projects
3 Compatibility with NFTs minted on any blockchain
4 Support from communities for several major blockchain ecosystems.

Christina | CRYPTO MALLU CLUB

Q3. Can you share the achievements the team has made so far ? what are the major achievement target VERA NETWORK is yet to achieve? If possible also share your roadmap.

Jeralyn | VERA

We’re currently working on further development of our rental NFT marketplace. We’re already onboarding some of our Ecosystem partners to test its capabilities and to start offering new ways for their own communities and ecosystems to transform their NFTs into a revenue generating asset.

We’re also developing our cross-chain liquidity pools and hub so that we can implement mortgaging NFTs and better support major blockchains such as Polygon, Solana, BSC and Polkadot.

For this month, we have
• NFT Killer Application Initial Release
• Add support for Solana and BSC NFT minting
• Develop NFT Rentals Killer Application
• Begin inviting Vera Ecosystem Partners to integrate their NFTs and NFT apps
• Begin design of Vera NFT Cross-Chain Liquidity Hub architecture.
• Begin design of Vera NFT Liquidity Pools architecture (enables NFT Network Financing, Subscription Pools, and Lend)
• More information can be found here: https://docs.vera.financial/roadmap

Christina | CRYPTO MALLU CLUB

Q4. Could you share a bit about security and also what benefits you provide to incentives user’s choosing your platform?

Jeralyn | VERA

To prevent cyber risk, our smart contracts will be fully audited and undergo extensive testing. Our original code related to leasing smart contracts is audited and approved by Web3 Foundation. When we are ready to launch, we plan to do a 3 step auditing process. 1. Internal audit 2. Independent audit 3. Community audit

We now have a staking program that we partnered with Solv Protocol to launch. We have prepared a series of holiday contest for the community to participate in together with the staking program. From there attractive rewards could be won such as unique NFTs from our partners!

More information could be found here
https://blog.vera.financial/vera-launches-nft-holiday-games-to-give-out-1-000-000-in-rewards-to-liquidity-miners-staking-3704f4f31d8d

OR

We have a staking program that we partnered with Ascendex, just happened over the last few days! ^ To reward our early supporters — we have APY 50% when you stake for a year 🙂

Christina | CRYPTO MALLU CLUB

Q5.What’s the total supply of the token ? Could you share a detailed tokenomics of mainnet token’s supply distribution?

Jeralyn | VERA

We have 1Billion tokens for total supply. 15% for team.
Our product development is based largely on community/customer/partnership feedback.

This includes prioritising support for blockchains that have the most NFT projects

SEGMENT 2: LIVE Q & A

Q1) From @fokir888

Southeast Asia is a very vibrant market and there are many new platforms under development. So what do you think about Southeast Asia and do you have plans to grow there?

Jeralyn | VERA

Vera has a HUGE SEA community on social media and on Discord.

Customers/partners Vera is focused on is Games and Metaverses, especially those that want to continue creating new Play to Earn models.

We know that EVERYONE LOVES Play to Earn models… the earnings can change many people lives.

Vera’s products will add superpowers to these customer’s products by allowing more ways for you to Play to Earn. We are even introducing Play to Own concept where if you do certain things in a game, you can end up owning a great NFT because someone else such as a game, advertiser or sponsor is paying for your NFT!

Our marketing plan definitely, is to reach out to more SEA communities and have more campaigns dedicated to the community. When travel is open, we could do more events as well in real life! KOL outreach, local exchanges are also part of the plan, let’s keep our options open

Q2) From @Raisa0058

Do you have any plans to attract non-crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in NON-CRYPTO SPACE?

Jeralyn | VERA

Definitely. What is a project if we do not have plans to attract non crypto? NFT is the big thing right now, with metaverses coming up. The world is evolving and we are one step closing of bringing digital — physical. Thus comes Phygital. One of our main focus is sharing knowledge about crypto/blockchain and make it easy for a beginner to enter into our world!

Q3) From @gella1990

What is the most ambitious goal of your project? Could share with us any Upcoming Updates?

Jeralyn | VERA

If I were not from Vera, I would say — the most ambitous goal would be our seller protection. I mean, everyone that knows the technology behind it would know this this is no easy feat. However, this is something that we are doing! In the next 13hours or so, we will be having our mainnet launch party and officially launch our RENT product.

Just FYI — if anyone’s in Miami, please do join us at Sagamore Hotel for some exciting fun.

Q4) From @Jack09768

Do you have AUDIT certificate or are you working to AUDIT your project, so that the security of the project becomes more secure and reliable?

Jeralyn | VERA

We are building Vera with security as our top priority.

To prevent cyber risk, our smart contracts will be fully audited and undergo extensive testing. Our original code related to leasing smart contracts is audited and approved by Web3 Foundation. When we are ready to launch, we plan to do a 3 step auditing process. 1. Internal audit 2. Independent audit 3. Community audit.

Q5) From @Malluboy91

I think the biggest NFT boom has been in the gaming world, you are in partnership with Animoca Brands which is currently a key investor in many blockchain games, can you tell us if Vera has any direct participation in the development of these games?

Jeralyn | VERA

NFT can be in many different ways, but gaming world does contribute alot. Vera is a defi — we support platforms not games. if you meant the game dev part — no. we do not have any participation in that, what we do is provide the support for payment.

Follow VERA here for latest updates;

Website: https://vera.financial
Twitter: https://twitter.com/veradefi
Telegram : https://t.me/veranetwork

Follow CRYPTO MALLU CLUB:

Group : https://t.me/CryptoMalluclub
Channel : https://t.me/@CryptoMallu_Club
Twitter : https://twitter.com/CryptomalluC