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About Veritoken(VTG)

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What problem does Veritoken solve? (or: what human need does it satisfy?) and how exactly does it do so?

We are in an era where trust in monolithic data silos is at an all-time low. Every major data breach, in and out of blockchain, can be directly attributed to the centralization of data. The only security measure that hasn’t been tried in response has been to holistically decentralize personal data. The technologies to make this a reality are in common practice today, but their

usage is largely committed to non-commercial purposes, and the variations in this realm are a diaspora of variations. Veritoken’s mission is to bring order to this diaspora and help hand power over

one’s data back to the individual.

How is the idea monetized? How do the token holders profit

Through the process of creating a cryptocurrency wallet, a user can associate that address with their identity. Their wallet can then become the repository for all data and data licenses they acquire from Data Oracles (i.e. existing first-party data repositories). These child-smart-contracts will contain all the licensing data (including, but not limited to, license expiry data, data pointers, child and parent data, etc.).

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Tokenomics

Token Info

Available tokens: 3.81% Price: 1VTG = $0.12 Soft Cap: $250,000 Hard Cap: $14,400,000 Buy with: ETH Platform: Ethereum Location: USA Restricted: US-only

Other Info

MVP/Prototype: No Escrow: Yes Category: Identity & Reputation

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What problem does Veritoken solve? (or: what human need does it satisfy?) and how exactly does it do so?

We are in an era where trust in monolithic data silos is at an all-time low. Every major data breach, in and out of blockchain, can be directly attributed to the centralization of data. The only security measure that hasn’t been tried in response has been to holistically decentralize personal data. The technologies to make this a reality are in common practice today, but their

usage is largely committed to non-commercial purposes, and the variations in this realm are a diaspora of variations. Veritoken’s mission is to bring order to this diaspora and help hand power over

one’s data back to the individual.

How is the idea monetized? How do the token holders profit

Through the process of creating a cryptocurrency wallet, a user can associate that address with their identity. Their wallet can then become the repository for all data and data licenses they acquire from Data Oracles (i.e. existing first-party data repositories). These child-smart-contracts will contain all the licensing data (including, but not limited to, license expiry data, data pointers, child and parent data, etc.).

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