VETRI is a not-for-profit, peer-to-peer platform governed by the VETRI Foundation. VETRI allows users to earn money from their opinions and data. Companies on the other hand get access to valuable insights with the individual's explicit consent. A win-win situation. VETRI was launched in July 2019, so we are still at the very beginning of our journey. Bare with us as we improve the app and unlock new features for you. By the way, VETRI never takes any commission from your data transactions. All the rewards go directly to the user.
STEM/MARK is VETRI's pilot partner. Some STEM/MARK panelists receive access to the VETRI app to complete surveys and test the functionality of VETRI's new technology.
VLDs are the reward points within the VETRI app that you receive for completing surveys and sharing data. Think of them like loyalty points or airline miles. You will receive a cash reward if you pass a certain threshold of VLDs. You can look up the threshold inside your app in the "wallet" tab.
You have to input your Invite Code in your data vault inside the VETRI app. This will unlock additional features of the app and allow you to receive and answer surveys.
You see the VLD balance you earned by completing surveys in the wallet tab inside your VETRI app. The corresponding cash reward will be sent to you at the end of the pilot period, approximately at the end of September.
Your data is stored locally encrypted on your phone. Neither VETRI nor any third party ever have access to your data without you actively sharing it.
Control means responsibility. Neither VETRI nor anyone else has access to your PIN. Therefore, it is not possible to recover your PIN if you forget it.
This depends on your profile and the types of surveys that are being run. You can expect about 1-2 surveys per week on average.
When you delete the app, all the data in your data vault will be deleted with it. No one will be able to recover your data after you deleted your app or lost your phone. You will also lose access to the VLD you earned by completing surveys. You can only recover your VLD points if you have previously exported and saved your seed phrase. In this case, please write to [email protected] to learn how you can recover your VLD.
To secure the data inside the app, make a backup on another device, the same way you do it with all your other mobile device data such as pictures. To secure access to your VLD, be sure to export your seed phrase and store it in a safe place. You can find more info on how to deal with your seed phrase below.
Your seed phrase is a unique combination of 12 words that determine the private key of your Wallet. Write them down and keep them in a secure place. Should you for some reason lose access to your VETRI Wallet or delete it, the seed phrase/ private key is the only way you can recover the VLD tokens stored in your Wallet. Be aware that the seed phrase will only help you to recover your tokens and not the data you imported into your Wallet.
You can access your seed phrase in the settings section of the VETRI Wallet. If you lost access to your Wallet and have no backup of your seed phrase, the tokens which were stored in the Wallet will be lost.
Cryptocurrencies are a new form of digital assets. The best known examples are Bitcoin and Ethereum, which serve as a form of digital money. VLD is a cryptocurrency which serves as the native form of payment on the VETRI marketplace.
The VETRI application currently runs on test net. This means that the VLD you are seeing in your wallet are so called "test net tokens" which cannot be exchange against other cryptocurrency or fiat money. This will change as soon as the VETRI app is being switched over to run on the Ethereum main net.
The test net is a controlled environment where dApps (decentralized Applications) can be tested before going into live production on main net.
VETRI uses its own proof of authority Ethereum side chain.
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