Verify price is $0.00291407
As of the time of writing, the current price of Verify (CRED) is $ 0.00291407.
Verify is a cryptocurrency with a unique purpose. It is not just another digital franchise; it is a reputation protocol that tracks the transaction history of its participants, which can be either buyers or sellers. Using its unique algorithm, it records every transaction that is conducted in its system and rates them by both parties. The reputation of each party on the platform is then updated based on the feedback received from the counterparty. This progressive approach creates a self-regulating platform that rewards good reputation and promotes trust and reliability among its users.
Detail about who created Verify (CRED) is not provided, but it's worth noting that the individuals or team behind this innovative project would have to possess a deep understanding of blockchain technology, transaction security, and consumer behavior. More information may be found on their website which is token.verify.as.
Verify operates on the premise that reputation is essential in every transaction. Therefore, every transaction that occurs on its platform is meticulously tracked and rated by the participating parties. Post-transaction, both parties rate each other and the reputations are subsequently updated in the system.
This method ensures that parties with a good reputation enjoy certain benefits, thereby encouraging every participant to uphold decent transaction conduct. It is an innovative way of incentivizing good behavior and deterring dishonesty or poor transactional practices.
The core advantage of Verify lies in its diligent reputation tracking mechanism. Its system creates an atmosphere of transparency, trust and incentivizes good behavior. For buyers, this could mean greater assurance in the reliability of a seller, reducing the risk of getting short-changed.
On the other hand, sellers with a good reputation stand a better chance of attracting buyers. In an era where reputation can make or break a business, Verify offers an innovative method of rewarding those who prioritize good conduct over quick gains.
As of the time of writing, the circulating supply of Verify (CRED) is 15.5M while the total supply is 30.0M.
To purchase Verify (CRED), you will need to check out YoBit as these are the only platforms where the cryptocurrency is currently available. Before buying, ensure to consider the market rank, market cap, and 24-hour trading volume, all of which can be found on our cryptocurrency tracking website.
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