Renowned crypto analyst CryptoReviewing (@CryptoReviewing) recently shared an insightful thread on Twitter about the potential changes in the tokenomics of $VRA (Verasity), which could have a significant impact on its value.
According to CryptoReviewing, the current circulating supply of $VRA is 10.3 billion, with a maximum supply of 110.3 billion. This has been a subject of debate and uncertainty (FUD – Fear, Uncertainty, Doubt) within the crypto community, mainly due to a misunderstanding about the allocation of the non-circulating tokens.
Out of the 100 billion $VRA tokens that are not in circulation, 90 billion are reserved as ‘POV Marker Tokens’ to facilitate Verasity’s ad technology. These tokens will never enter the circulating supply. The remaining 10 billion are ‘War Chest Tokens’, reserved for business acquisitions that could help Verasity develop further. These tokens could enter the supply at any time, but any acquisition would likely improve the revenue and progress of the team, and therefore, the value of the $VRA token.
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Show more +CryptoReviewing highlights that the Verasity team is considering changes to these tokenomics based on community feedback. The potential changes include converting the 90 billion POV Marker Tokens to a new contract and burning the remaining 10 billion War Chest tokens. This would effectively reduce the maximum supply of $VRA from 110.3 billion to 10.3 billion, eliminating any confusion about the supply.
Such changes could be extremely beneficial for $VRA holders. The reduced supply would make the token more scarce, potentially driving up its value. Additionally, the quarterly buyback and burn mechanism in place for $VRA would have an even greater effect on the deflationary supply if these changes are implemented.
However, CryptoReviewing emphasizes that these changes are not guaranteed and are simply suggestions from the $VRA community. The final decision will be made by the end of Q3 after the Verasity team has received all the suggested responses.
Immense credit must be given to the team at @verasitytech for their remarkable marketing prowess and expertise demonstrated over the past few years. They are currently showcasing their commitment to their community, actively listening to feedback, and showing genuine concern for $VRA holders. Given this level of progress, it’s reasonable to predict a highly promising and bullish future for $VRA holders.
Source: Coinstats
The coin is currently trading at $0.004683 with an almost 6% increase in the last 24 hours.
In addition to CryptoReviewing’s analysis, other Twitter analysts have also expressed bullish sentiments about $VRA. VRA Soldier (@ZGiantsios) suggests that $VRA is ready for a more aggressive run than XDC, potentially reaching $0.03. Fitzo Crypto (@FitzoCrypto) also notes that $VRA is starting to break out against Bitcoin, with a bullish divergence and an RSI crossover.
You can buy $VRA on various centralized exchanges such as KuCoin or ByBit.
In conclusion, the potential changes to $VRA’s tokenomics, coupled with positive sentiments from top-notch analysts, suggest a bullish future for $VRA holders. However, as always, it’s crucial to do your own research and consider all factors before making investment decisions.
