As we are launching the second release of VETRI’s market survey functionalities and the integration of the Lucid platform, the topic of tokenecomics, particularly context of the partnership with Lucid, is now taking centre stage.
After the soft launch of VETRI, we will focus on scaling our initial markets (DACH & UK) and begin expanding into new ones.
Ever since VETRI announced its ICO in December 2018, the topic of market making became a recurring and growing concern for our community of followers.
As we are approaching the main net release of VETRI, it is high time we address the topic of token economics, or, put more simply, the various economic factors and levers involved in the value creation, and, ultimately, the price appreciation of our native VLD’s.
Gemalto found that 75% of surveyed consumers believe that companies do not take the protection and security of their data very seriously [1].
The days of paper banknotes and metal coins may be numbered. People in an increasing number of countries are adopting cashless payments. In Sweden, for example, in 2017 only 1% of the value of all payments was done using cash.
In the first five years of the ICO phenomenon, the amount of money raised grew at a dizzying pace. What was behind the hype and where are we headed from here?
One of the top commodities nowadays is none other than data. The rapidly increasing extraction and wide-ranging use of data in various industries are even drawing the attention of governments, leading to a somewhat quixotic attempt to regulate the flow of data. Despite that, however, we generally treat our own data as if it was worthless.
"Acxiom, Equifax, or CoreLogic - to most people these names don’t sound familiar at all. However, these companies know a lot about consumers. Without exaggeration, compared to friends and family, these companies at times know more about the person they have data for."
"The idea behind the Personal Data Economy is simple: Individuals should have the possibility to take control over their personal data, to share it as they see fit and to profit from sharing it."
