tl;dr it's just BTC+tor
Verge aggressively markets themselves as a privacy coin but the closest they come is tor integration, which most coins already support as a 3rd party app anyway. They have no ledger privacy. There is no advantage over using bitcoin+Tor. I think this is extremely irresponsible as it may lead to someone using their coin for something that needs to be private.
Here is their stance on privacy: youtu.be
The cliff notes are that they have no ledger privacy because they believe:
>Network privacy (ip address) is sufficient to hide your identity
>The market will never adopt a coin with ledger privacy because
>Support staff are unable to confirm transactions on a private ledger
This shows both a fundamental misunderstanding of privacy in general and existing ledger privacy technologies. Only hiding your IP but exposing your financial activity will absolutely betray your identity. When your employer pays you or you pay your electric bill, that's a link between your ID and addresses right there. Limiting your view of privacy to IP addresses is like using facebook through a VPN and thinking you're private.
Their statement that Newegg support couldn't confirm that they received money is not true of cryptonote (monero, bytecoin), zerocoin (ZCoin, PIVX soon), zerocash (zcash), or privatesend (Dash and currently PIVX).
They have recently announced "Wraith protocol" claiming it will bring Monero level privacy, but refuse to release any details other than stealth addressing (a technology that provides no privacy without a ledger privacy mechanism). They announced it a few weeks ago saying they would release it this month, but they don't seem to know what it is.