What is Verify Token?
Verify Token is the native currency of Verify, a decentralized finance security and analytics platform with the goal to "make cryptocurrency safe and accessible to all by collating data for greater transparency." The Verify project revolves around the vision to "be the pioneer of digital identity and provide innovative value-added solutions in data storage and financial security." The aim of the Verify platform is to prevent the incidence and prevalence of investment scams and frauds. Verify Lens is an all-in-one investor data analysis tool for accumulating data such as contract security metrics, transaction history, wallet tracking, and social media analytics. 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 to ensure the security of investors’ portfolios. By using both off-chain and on-chain data metrics, Verify Lens will utilize a comprehensive analytics algorithm in order to provide a “Verify’d” rating: an objective rating to inform users on the Verify platform of the safety of investment for tracked crypto-tokens and projects. Given ongoing concerns related to security, transparency and integrity within the blockchain space, Verify (VRFY) combines investment security, blockchain education and philanthropy into a single project.