What Is Verifytoken? (VRFY) Complete Guide Review About Verifytoken.

What Is Verifytoken? (VRFY) Complete Guide Review About Verifytoken.

What Is Verifytoken?

Verifytoken Coin is a data led project that has one goal: To make crypto investing safer for all irrespective of experience or knowledge. For the novice investor, they will become a source of education that will expand their knowledge allowing for better decision making. For the experienced investor who may spend hours researching the next project to invest in, Verify will be a research tool that mitigates risk and frees up much needed time.

For developers of projects, Verify will become a barometer to be used to give their investors assurances that the project is legitimate and not a scam. Verify Lens is the utility that will underpin the mission and bring much needed transparency in a sector mired in controversy due to the sheer volume of scams taking place daily. Verify will become a thorn in the sides of all scammers and threat actors currently operating with impunity and making lives a misery for so many. 

Verifytoken Coin Storage Key Points

Coin BasicInformation
Coin NameVerifytoken Coin
Short NameVRFY
Circulating SupplyNo Circulating Supply
Total Supply50,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Verify Lens

Verifytoken Lens is the utility behind Verify Token. It serves as an all-in-one investor tracking dashboard and analytics that reflects a safety rating or ‘Verify’d’ score on a project or token. The goal of Verify Lens is to bring greater transparency to the high risk DeFi sector.

Lens will take into consideration key data metrics such as:

  • Token contract analysis (they will see if the contract itself has a large proportion of tokens within dev holdings and others)
  • Token wallet holder analysis (Provides evidence of suspicious activity such as large unbacked tokens are being moved, as is common case with rug-pulls and scams)
  • Liquidity Lock (Unlocked liquidity is a huge red flag for potential rug pulls)
  • Social media analytics (This will provide information from their active platforms)
  • And more

All Verifytoken Coin these key areas will be analysed by the unique Verify Lens algorithm which will in turn produce a Verify’d score to determine the objective view on the safety of the project.

Pros

  • It makes separately verified employment history, credentials, and other institution awarded documents accessible immediately.
  • Also, it provides users with direct access, management, and control. Access to such information is then easy.
  • Users can select records to share from their profile.
  • For employers or educational institutions, this platform provides precise and well-timed results, reducing costs and other inconveniences.
  • It assists employers and educational institutions in tracking and verifying employee or student records.
  • Finally, the platform facilitates for employers or educational institutions in their safekeeping of past records for years and years.

Cons

Verifytoken have not identified any obvious cons with the Verify Token.

community

Regarding newly listed projects, community engagement and feedback is critical for the cryptocurrency sector; especially considering BSC projects and the number of scam tokens that have been created and released. The Verify Team, when developing Lens will look for community input on newly listed or soon-to-be listed projects that requires vetting and contract analysis.

The Verifytoken Coin cryptocurrency space is very dynamic; changes are happening daily in terms of project goals, roadmap targets and even changes to contract coding.  Thus, Verify and Verify Lens will be just as dynamic to cover as much of the sector as possible.

Investing knowledge

By aggregating data across multiple sources and platforms, Verify Lens aims to spread greater cryptocurrency investing knowledge for informed decision-making. It also aims to provide clinical evidence of any warning signs or triggers in order to ensure the security of investors’ portfolios.

Technology

The Verifytoken platform receives a verified upload of certificates, credentials, and other significant documents. These document records are then arranged in the user’s repository system. Furthermore, the user controls how long the parts of their repository system can be made public or private.

In addition, if the user selects to share their verified credentials, the platform notifies the recipient right away. It also notifies the user once a third-party recipient views their credentials.

Security

By Verifytoken Coin using both off-chain and on-chain data metrics, Verify Lens will utilise a comprehensive analytics algorithm in order to provide a “Verify’d” rating: an objective rating to guide users on the Verify platform on the safety of investment for tracked crypto-tokens and projects.

Verify Lens is an all-in-one investor data analysis tool, where areas including contract security, transaction history, wallet tracking, and social media analytics are accumulated.