Verify

The Future of Reputation


Verify is a reputation protocol that tracks the transaction history of participants (buyers, sellers) and unlocks benefits for those with good reputation. Reputation is a history of all previous transactions. Every transaction is rated by both parties, and the reputation of each party is updated based on the feedback from the counterparty.

Banking Platform

3.5


3.3
ICO PROFILE
4.0
TEAM
4.0
VISION
4.0
PRODUCT
TBD
Token CRED
Platform Ethereum
Price 1 CRED = 0.138 — 0.166 USD
Country Singapore

About Verify

WHAT IS VERIFY?

Verify is a reputation protocol that tracks the transaction history of participants (buyers, sellers) and unlocks benefits for those with good reputation.
Reputation is a history of all previous transactions. Every transaction is rated by both parties, and the reputation of each party is updated based on the feedback from the counterparty.

FUELED BY CRED TOKENS

CRED tokens represent the “trust” in a transaction, and no transaction can take place on the platform without an “insurance policy” in the form of CRED tokens.

VERIFY PAYMENTS

Verify Payments is the first application built on the Verify protocol.
It will bootstrap reputation data on the Verify network, enabling it to grow at a much faster rate.

Verify Payments offers 100% buyer protection against all forms of seller fraud, including:

  • Non-delivery
  • Delivery to an incorrect address
  • Lost shipments
  • Delivery of the incorrect item
  • Delivery of an item that does not meet the description provided by the seller

IMPROVED CHECKOUT

Buyer protection actually begins before the transaction takes place. Establishing clear expectations before a transaction is often all that is need to avoid many disputes down the road.

BUILT-IN ESCROW

Verify protects the entire transaction, from the moment the buyer pays to the moment they confirm that they are satisfied with their purchase.
Unless both parties are satisfied, the entire transaction is “undone” (Buyer gets back their money, and the seller gets back their product).

DECENTRALIZED DISPUTE RESOLUTION

Buyers and sellers are given the opportunity to resolve a dispute via chat on the Verify Payments dashboard. If a resolution is not reached, the Verify Payments team will step in to solve the dispute. Common issues are reviewed and codified into smart contracts, so they automatically resolve future occurrences of identical issues thereby decentralizing the dispute resolution process.

Team

Moussa Beidas member of Verify ICO
Moussa Beidas
Omar Kassim member of Verify ICO
Omar Kassim
Yazin Alirhayim member of Verify ICO
Yazin Alirhayim
CEO
Pavel Gabriel member of Verify ICO
Pavel Gabriel
CTO
Roman Bugaev member of Verify ICO
Roman Bugaev
Technical Lead
Ibrahim Mokdad member of Verify ICO
Ibrahim Mokdad
Head of Business Development
Mikhail Davidovich member of Verify ICO
Mikhail Davidovich
Senior Developer
Denis Gulin member of Verify ICO
Denis Gulin
Sr. Front-end Developer

Milestones

  • 1

    June 2017

    Developed the idea and brainstormed potential solutions. Continued working on it throughout July and August.

  • 2

    September 2017

    Formed a team of payments experts, several from world-class firms like Amazon and GE. Self-funded a minimum viable product as a proof of concept.

  • 3

    September 2017

    Raised funding from a group of private investors. Hired technical team of payments and blockchain developers to build out the Reputation and Verify Payments API.

  • 4

    November 2017

    Raise the funds needed to pursue our grand vision to grow commerce on the blockchain. This involves partnerships with established blockchain entities and enlisting beta sellers from across the globe.

  • 5

    Early 2018

    Without sellers offering Verify Payments, buyers will not be able to use it. Focus here is on infrastructure tasks and items on the critical path to allowing sellers to integrate and use Verify Payments in their stores.

  • 6

    Late 2018

    Having validated the seller-side of the business, focus now shifts from sellers to buyers. The goal is to improve the checkout experience with a focus on establishing expectations, highlighting buyer protection features and usability.

  • 7

    Late 2019

    By this point, we have already captured a significant share of the cryptocurrency market in terms of both buyers and sellers. The goal becomes to convert users that have never used cryptocurrencies to Verify Payments users.

Financial

Token Info
Token CRED
Token Type ERC20
Platform Ethereum
Price in ICO 1 CRED = 0.138 — 0.166 USD
Investment info
Accepting BTC, ETH
Hard cap 14500000 USD

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