So hey guys, welcome back to my channel Nitron. In today's article, let's talk about the Verus Foundation, which is also known as Verus Mining because there's a huge news coming on their platform. There's a huge update and the biggest change you can see in the platform. So what is this? Number one, is that they have changed their platform. I mean, they have done some, what do you say, modifications which new users are finding confusing. I'll be making your confusion very far. I'll be making sure that your confusion goes away after watching this video. And the second update is that their white paper has been launched. Okay, the white paper is the second update. So what is in the white paper? When is the listing? What is the tokenomics? Every single thing will be discussed. And also, I'll be giving my price prediction as well in the video. And also, my prediction on which exchange it will be listed. So make sure you subscribe to our channel and hit the like button. And now, we will get started with today's video.
So first of all, we will understand their announcement. You can see it is made on the announcement channel that it's a special occasion for them. They have released their road map, tokenomics, and everything. So we will go straight away into that bot. Okay, I mean into that document. So you can see, welcome to Ver app. And as mentioned, a lot of people are not understanding what is the use case. Without understanding the use case of the project, people are participating, all right, and people are just spamming. So understand the project, what is this project about? This project is nothing, but it's a Next Generation decentralized application on Telegram. And also what it is going to do is that it is aiming to ensure that cryptocurrency is accessible for everyone. They are making crypto as accessible for anyone and it is making it as secure for everyone and user-friendly for everyone, all right? So now let's talk about more about what is there in their white paper. So I'll just tap on this three-lined and we will cover the important parts.
So first of all, if you just go into the tokenomics and understand the token, the V token. So V token is nothing but their token, which will be launched in the future. And understand that what is the... what do you say... what is the feature of this project they are having. What do you say? They'll be making withdrawal capabilities in the future as well. And talking about the use case, how can it be used? So first thing is that it can be used for the paying of fees in any aspect. The second thing is that if you have the token, you'll be having the power of voting in their community. And most importantly, we will talk about their token distribution. OK, you can see here in the tokenomics, it's clear written, mining is given 80% of tokens. 80% of tokens is available for the public to mine. And you can see 10%, which is very low. A lot of projects give 35%, 25% for the team. But this project is giving only 10% for the team and liquidity, which is also much more important. It is 5% in the tokenomics and marketing, which is 5%. So most importantly, they are... what do you say? They are giving importance to the community. They are giving importance to people like me and you so that we can mine and we can take the maximum profits more than what the... what the team can take.
Now we will talk about the other thing, which is known as staking. So they will be introducing the staking as well in a very... what do you say... in a quick way. So maybe that's a future thing. Now we will talk about the roadmap. Because the roadmap is also very interesting. So if you just check over here in the roadmap section, okay, in over here in quarter 4 2023, they were doing some internal research and they were doing some testing over here. And in quarter 1, as we are already... we are in quarter 1, actually. Actually, if you... to be precise, we are in quarter 2. So in quarter 1, they have launched their app and they have done the contract prototype, etc. So in quarter 2, this is the most important thing in quarter 2, which we are right now. They will be doing a listing in the decentralized exchange. What are they going to list? They are going to list their token, which is known as Vort. So this will be listed in the decentralized exchange. So decentralized exchange doesn't mean Binance or Bybit. Binance, Bybit are centralized exchange. Decentralized exchanges are the exchanges such as PancakeSwap, such as Uniswap, such as 1Inch Network. So these are the decentralized exchanges. So they will be listing in the decentralization. So which are we expecting? So I'm expecting they might be listed in Uniswap exchange, which is a decentralized exchange. All right. Now you can see over here after that, before that, there will be a mainnet launch as well. And then after that, okay, in quarter 3, they will be going towards the more exchanges. That means they will be going towards the centralized exchange. So this is confirmed. The roadmap and everything is confirmed in quarter 2, which means that within 1 month or within 1 and a half month, the listing will be confirmed over here. So this is the major update we are having from this entire. What do you say? You can say this as a white paper. And let me just tell you, the white paper can change. The white paper, they might be updating and bringing new features as well, but the dates are being fixed over here. If you just go into the next phase over here, we are in the phase 1, which is much more important, such as mining phase. So the mining, whichever you're doing over here, it is going to be the limited phase. Don't think that you're going to mine forever like how you're mining Binance and Pine Network. Don't think like that. Mining is a limited stage. Once the mining, what do you say, the tokenomics gets over, once the token allocated for mining gets over, then they will introduce the phase 2, which is known as staking. And then after that, they will expand to the DeFi integration, etc. So this is how the entire project is going to work. And understand the principle of the project, then you have to understand on how you can be able to make profit in the project.
Now we will come back into the Telegram bot. Okay, I'll just go into the Telegram VS bot over here. And if I just open the bot over here, a lot of people are not able to open the bot. Okay, a lot of people are facing the issue of bot not opening. So what you can do is that simply just tap this button, okay, slash start button. And once you just tap on that, you'll be given a new link over here. Just tap on open app, and I'm pretty sure that 99% it will work, and your app will be open. So currently, you can see I'm mining over here. And if I tell you, what is the difference, you might ask me. So if you just go into the storage part, and if you just come into any of the section over here, for an example, I'll come into the mission's section. They have updated all the missions over here. They have what they have separated all the things over here, and everything has been looking new over here. And also, if you come into the upgrade section, everything will look as a fresh new over here. And as I told you, I have purchased all the things over here. I have maximized the mining speed over here, and you can see per day, I'm able to earn up to, I think, somewhere around 8 to nine tokens, I'll be able to mine over here per day. And also, if you just ask me regarding to this particular section, if I just come back and come into to this total balance, a lot of people have the doubt over here. Why is my balance showing zero? Because this is the common question which people ask me. Okay, why is your balance showing zero? Because the custodial wallet is yet to be launched. And whatever the token, whatever the, let's say that you want to bring ton coin over here, they will be enabling that, they will be giving you the feature to deposit the ton coin. And only after that, your balances will be able to show over here, regarding to the conversion of Vort to any other token that is not, not yet. La, as I mentioned, that thing will be done in quarter 2, which is the current quarter itself. Within one month to one and a half month, we will be getting that feature. So currently, if I just tap on that, it says that converter, converter, uh, uh, uh, is not available yet. So that's what I'm trying to tell you guys. So don't be in a hurry, mine regularly over here. Okay, this is one of the promising projects, which I can see in the cryptocurrency happening in the future. All right. So I think that is it for today's video, guys. Like and share this video as much as possible. And I'll meet you in the next video. Until then.
Q: What are the updates in the Verus Foundation?
A: The Verus Foundation has undergone some modifications and launched their white paper, aiming to make cryptocurrency accessible and secure for everyone.
Q: What is the use case of the Ver App?
A: The Ver App is a Next Generation decentralized application on Telegram, making crypto accessible, secure, and user-friendly for everyone.
Q: What are the tokenomics and features of the V token?
A: The V token will be launched in the future, enabling fee payments, voting rights, and boasting a distribution with 80% for mining, 10% for the team, and 5% each for liquidity and marketing.
Q: What is the future roadmap and exchange listings for the Verus project?
A: The project plans to introduce staking, continues with decentralized exchange listings, followed by centralized exchange listings in the upcoming quarters as per the roadmap.
Q: How to navigate the Ver App interface and resolve issues like balance showing zero?
A: To navigate the Ver App interface, start the bot, tap on different sections like missions and upgrades. The balance showing zero is due to the custodial wallet yet to be launched, expected to be enabled in the current quarter.
