FaQ
Who is the founder of VRality?
The main founder is called Alex Motogna and he lives in Austria.
Is the team doxxed?
Yes. The team is doxxed by KYC. In case of abusing or scamming people, our documents will be published by KYC.
What distinguishes VRality from another NFT Projects?
VRality stands out for its unique integration into the Solana ecosystem, offering innovative digital experiences that go beyond traditional NFT projects. Our team's passion, combined with a holistic approach to NFTs and gaming, ensures a community-centric development with a focus on sustainability. VRality is not just a project; it's a dedicated journey toward reshaping digital engagement.
When will be the launch of the project?
We haven´t picked a date yet. We don’t want to rush any things that could have a bad influence on the project.
What are the benefits of using the blockchain technology?
Blockchain increases trust, security, transparency, and the traceability of data shared across a business network. It delivers cost savings with new efficiencies and the most important, to make the VRality experience possible.
Are there other Telegram Groups with different languages?
No. As English is the most spoken language and understandable for everyone, we want to interact with the community in English.
Why did I get banned from the official VRality Telegram Group?
You will be not banned for no reason. As every serious community we have rules which have to be followed. If you don’t follow these rules, you risk being banned.
What is the max Supply?
100 000 000 MKT Tokens
How can I buy MKT Tokens?
At the moment, MKT tokens are not available for purchase. We are diligently working on the development of our project, and soon, we will announce details about the first sale of MKT. Stay tuned to our updates and official channels for information on availability and the token acquisition process. We appreciate your interest and patience as we progress through this exciting phase of our project. We will soon share more details on how you can become part of the VRality experience!
What is ICO?
An initial coin offering (ICO) is a type of capital-raising activity in the cryptocurrency and blockchain environment. The ICO can be viewed as an initial public offering that uses cryptocurrencies.
Are blockchain and cryptocurrencies the same?
No. Blockchain is the technology that allows for cryptocurrencies to work. It is a decentralized and digital ledger of transactions used for cryptocurrencies and other assets/functions. It is important to separate the technology behind cryptocurrencies from the actual cryptocurrencies.
What is an NFT?
A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded
Why are we building on Solana?
We chose to build on Solana for its sustainable and efficient blockchain, emphasis on security through formal verification, community support, decentralized governance, and the growing ecosystem that aligns with our long-term vision.
Why would I want to own an NFT? Can I make money on it?
Owning an NFT in VRality means having exclusive skins for characters and weapons in our game, Vanguard. These skins are acquired using our native token, MKT, and can be freely traded on the NFT secondary market after purchase. While there is the potential to make money through resale, the value depends on market demand and the perceived worth of the NFT.
What else are cryptocurrencies?
Completely Decentralized:
Represented by pioneers like Bitcoin and Ethereum, these cryptocurrencies operate on decentralized networks. No single entity controls or governs them, emphasizing the principles of decentralization and community consensus.
Digital Assets with Singular Ownership:
Some cryptocurrencies represent unique digital assets owned by specific individuals or entities. These tokens may signify ownership of exclusive items, intellectual property, or digital collectibles, providing a singular and distinct ownership experience.
Dubious Currencies Controlled by a Single Entity:
In contrast, there are cryptocurrencies controlled and issued by a single company or entity. While they exist within the broader cryptocurrency landscape, their governance and issuance are centralized, sometimes prompting scrutiny within the community.
What is the main difference between tokens and cryptocurrencies?
Cryptocurrencies:
Cryptocurrencies, like Bitcoin and Ethereum, are native digital currencies operating on their own independent blockchains.
They are often created through mining or a predetermined issuance mechanism within the blockchain protocol.
Cryptocurrencies function as a medium of exchange, facilitating the transfer of value within a community that accepts and recognizes them as a form of digital currency.
Tokens:
Tokens, on the other hand, are created on existing blockchain platforms, often by developers or community members.
These tokens can be purchased or acquired and, once traded, may take on the characteristics of a cryptocurrency within a specific community.
Tokens can have utility beyond just serving as a medium of exchange; they can be used within the operations of smart contracts on the blockchain that recognizes and accepts them.
What is a crypto wallet?
A cryptocurrency wallet is a digital form of wallet which accounts for two forms of keys public and private. These keys have the distinct function of providing security by encrypting the information.
Whats the difference between private and public keys?
Private Key is used to both encrypt and decrypt the data and is shared between the sender and receiver of encrypted data. The public key is only used to encrypt data and to decrypt the data, the private key is used and is shared.
How do you know your NFT is authentic?
NFT ownership is recorded on the blockchain, and that entry acts as a digital pink slip.
Last updated