4,697,826 Veritium Sold!
$720,863 Raised during Pre-sale!We have hit our soft cap! Thank you Everyone!! General sale begins 24th Nov 2017, 08:00 UTC Join us @ https://www.veritasmining.coWith 25% Bonus Break Even within 8 Months! After which it's just profits all the way! When we expand, so does your payouts! no further funding required. Mines and ecosystem growth will be gradual and constant! Hi, congratulations on the excellent result of soft cap. You write that you plan to use the cheap energy of the sun and wind. Do you already have ready arrangements with a "green plant" or will you build solar-powered systems yourself? Thank you for your well wishes! We have arrangements and an agreement to purchase clean energy exclusively from a green energy company.  Do join us for our general sale this Friday! 24th Nov @ 08:00 UTC |
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Hi, I already did the German translation of the white paper + ANN before there was even a bounty campaign page (contact was Jeremy) https://bitcointalk.org/index.php?topic=2345646So if you want me to do the Telegram, new ANN translation (+Bounty), I could do that. How would my previous work be compensated? Please PM me (here or telegram @mthrim) if you're interested. Cheers Well, I didn't expect that you did that job but if saugwum didn't post the work we entrusted him to do for German translation for bounty and ANN thread we will consider your work. The compensation of your work will be 500 VRTM for translation of both ANN and bounty thread + the quality posts on the thread. Hope you understand now. Thank you! Hi Hexah, thanks for the reply. But what about the white paper and the ANN I already translated? If I do the ANN again, it's additional work. So basically I'd get the 500 VRTM for the new translation job, ok, but what about the old one. How would this be handled? Would be great if you could clear things up with Jeremy. Cheers You will be compensated for the old jobs as well. On top of this 500 VRTM. I have briefed our bounty manager |
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Hi, I already did the German translation of the white paper + ANN before there was even a bounty campaign page (contact was Jeremy) https://bitcointalk.org/index.php?topic=2345646So if you want me to do the Telegram, new ANN translation (+Bounty), I could do that. How would my previous work be compensated? Please PM me (here or telegram @mthrim) if you're interested. Cheers Hello Mithrim! It's me Jeremy. I'll update our new bounty manager about your work! Don't worry it won't go unnoticed. |
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4,697,826 Veritium Sold!
$720,863 Raised during Pre-sale!We have hit our soft cap! Thank you Everyone!! General sale begins 24th Nov 2017, 08:00 UTC Join us @ https://www.veritasmining.coWith 25% Bonus Break Even within 8 Months! After which it's just profits all the way! When we expand, so does your payouts! no further funding required. Mines and ecosystem growth will be gradual and constant!
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whats the date for the ICO ?
General Sale begins 24th Nov 2017, 08:00 UTC |
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I'm somewhat embarrassed.  First I read the post about the bounty campaign in the Medium and filled out the form there. Today I found this thread and checked the spreadsheet - but there is no my data in it. Then I filled out the forms for participating in Twitter and Facebook campaigns, placed in the this OP. Again I checked the spreadsheet - and again did not find myself there.  Also I saw differences in the rules and in the reporting order here and in the blog on the Medium. Please clarify these questions! Hello dear friend, we have changed our bounty manager. Due to the last one being not very responsive. However, rest assured that we would be well aware of your hard work and support. You really like answers don't you? haha! Thank you for your support! I'll get our new bounty manager to get your stuff up to speed. |
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Is there a minimum (soft cap) amount you need to gather in total investments in order for the project to start?
yes our soft cap is US$ 500,000. We have successfully hit that amount and now we are in the range of US$ 712,480. We welcome your support too! Our pre-sale is going through the last weekend! 4,667,269 VRTM sold out of 5,000,000 for pre-sale. 332,731 VRTM left for pre-sale. |
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Apart from trading this currency, how do u intend on achieving this target of providing cheap renewable energy?
Who are your partners in this project?
Thank you.
We have a energy company which we have an agreement with. Plus we are working with one of the top universities to develop our cooling systems and also cloud management. Which rights do your tokens provide its holders with?
Our token holders will have rights to quarterly payouts which is 60% of net revenues. And also in major decisions, token holders will have the right to vote. really good project I want to invest when it is launched.  We are about through with our last stage of our pre-sale. Our ICO general sale starts on the 24th of Nov @ 08:00 UTC |
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I have joined Airdrop veritium, what is the total supply of tokens that will be issued at the time of Pre-ICO and ICO take place? whether veritium team already have intention to enter big exchange like poloniex or bittrrex when ICO Ends?
Pre-Sale has 5,000,000 VRTM. So far we have sold 4,667,269 VRTM. ICO will take place on the 24th of Nov 2017 @ 08:00 UTC 3 major exchanges have agreed to list us within 4 to 12 weeks after our ico ends. Air Drop Thank you.
Do you need a Korean translation?
We support wonderful project.
Yes please visit our bounty page: https://bitcointalk.org/index.php?topic=2407235.0;allGreat project dev, I love what you are doing and I want to be a. Part of this great project and ready to make investments. I want to know of the prospects on investments.
Thank you! Our white paper is in the link on the initial post. You can join our telegram group to ask any questions too: https://t.me/joinchat/CvhCSRGJrlvYHnVN6LJDhQhello everyone, do you need french and arabic translator, it will be a pleasure to work with you good luck  Yes please visit our bounty page: https://bitcointalk.org/index.php?topic=2407235.0;allThis cryptocoin is a bit new to me. What is the duration of the ico?
8 weeks starting from 24th Nov 2017, 08:00 UTC hello any airdrop or bounty campaign for this coin ?
Yes please visit our bounty page: https://bitcointalk.org/index.php?topic=2407235.0;allcan i see spreadsheet and your dev. team ?
Do you think Bittrex? or which ?
thanks..good lucks
Spreadsheet for? Our dev team is on the homepage of our website: https://www.veritasmining.co |
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If you pay dividend in US you are going to be considered by SEC as security! I hope you guy are taking every legal step you should take before launching out! Goodluck
Yes. We do have a legal counsel that updates us every as and when. As of 18th nov 2017, we are still considered a security as all our token holders have rights to a share in the payouts and not as a form of a cmonpany issuing dividends. In terms of the law, we are more of a CO-OP mining operation. So where is the mining rig located? Thailand? Do you have the link of the one that you stated that you have collaboration with - one of the largest green energy producers in the country. And what country?
Hi! Yes it is all located in Thailand. Unfortunately, due to the energy company's request, We cannot disclose anything about it. But it is a public listed company. Hope you understand. (: are the team have any plan to located the rig in other country or only loacted in thailand? so all the team members from Thailand ? correct me if i am wrong. Only to be located in Thailand as that where we get the really cheap electricity. We have team members from Thailand, Russian, USA and Singapore. Interesting project but how do you deal with SEC and low globally concerning the dividend payout.
Will you exclude some countries?
As we are conisdered more of CO-OP mining. All countries are welcome. This project seems achievable, any French translation, I wish to reserve
https://bitcointalk.org/index.php?topic=2407235.0;allThis is our bounty page. We look forward to your support! On which exchanges will the token be sold?
So far we have 3 exchanges that have agreed to list us within 4 to 12 weeks after our ico ends. I like the name of this token and I am sure many people feel the same too. Apart from this wonderful name, What is the selling unique proposition of this token and what do you intend to achieve with this let say in six months?
In six months we intend to establish at least 2 parts of our ecosystem; Vidulum, our wallet and Ponos-Mining, Our mining GUI. We have our road map shown on the initial post. |
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Hi,
correct me if I'm wrong, that the whole project will be ready for work not earlier than mid-2018?
Actually no, we would be ordering our first batch of ASICs and Rigs after the pre-sale ends on 20th of Nov @ 00:00 UTC. We expect to have the first batch of RIGs delivered and running by the end of the Dec 2017, and ASICs would take abit longer around mid Jan 2018, which is when our ico will come to an end. We did state that we would be starting up around Q1 2018. So with current timeline, we are able to maybe move abit faster than planned. However, all will depend on our suppliers' delivery times. For GPU rigs equipment should take about 6 to 8 weeks. For ASICs about 8 to 10 weeks. We hope this answers your questions. Do feel free to ask us anything! |
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Are you planning to make a larger bounty pool?
As the bounty pool is 3% of total amount of tokens sold. The more tokens are sold, the more the bounty pool. Works on percentage. And no we will be just sticking to 3% as we think it is a good amount. |
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Hi dev. How will you attract investors to invest in this project? What are the advantages of your project to other that investor will have interest on this project?
Our electricity is cheaper than most other mining operations. US$0.035 per kWh. Besides that we are also using our mining operations as our core source of revenue to develop an ecosystem that will support one another and in turn garner more revenue. I have a little confused about mining software, this coin is't based on ETH? If its how to mine use software?
No we are not mine-able. Joined.will we have a promotion price because we hold some of theses token or because we were the first supporters of the project ?
The tokens will enable you to a right to a quarterly payout in ethereum. In the future it will also allow u usage of our marketplace platform for investments or retail discounts. where the mining are located ?
Thailand. Land of Smiles. How much would be the Ico price?
1 Veritium = 0.001 ETH (base price) Currently there is 30% Bonus. But will end in a few hours. 24th Nov we start our general sale and will have 25% Bonus. I have strong demand for Crypto-Mining, Veritium may solve my problem. two questions: how much need pay for your Ponos-Mining or other apps and how much hashrate will everyone have?
Thanks in advance.
Its not based on hashrates as we don't sell hashrates nor electricity nor contracts. We are like a co-op mining operation. turning renewable green energy into cryptocurrency by means of crypto mining？turning electricity into digital assets？Sorry, I did not understand your white paper, so can you explain it to me?
Bascially, mining is turning electricity into cryptocurrencies. So our source of cheap renewable energy is very suited and good for mining. |
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What is the total and circulating supply for Veritium? It looks promising!
Total supply is 135m Tokens Circulating supply will depend on how many are sold. What are the project plans?
Is there any Whitepaper released?
The project plans are on our website and also on the initial post. The link is also on the initial post. hey dev,,need bounties campaign?
The link is on the initial post. does anybody invest in these tokens?
what are the terms of leaving this project?
As of 16th Nov 2017, we have raised 705k USD from both online and offline private investors. sorry but we don't get your question on leaving this project. I just read that Thailand was the current location of the said project. What were the attributes that you have seen that Thailand has that is not present in some other areas that has minimal if not zero chance of natural disasters?
* Also submitted form for airdrop. Where do I post additional links in case I decided to spread this all over my facebook and twitter pages? Hopeful for the answer thank you.
Hello! Thank you for your questions, well, Thailand doesn't have earthquakes/tornadoes/harsh winters and we are sunny all year round. (: A quick Google search said it has 5 earth quakes in the last year alone. The amount of heating your mining farm will generate plus the sunny weather will cripple your ROI. You will spend to much energy on cooling. Why dont you give any information about what tokenholders get back as reward for investing in your mining farm. We have. it is all stated in our website and whitepaper. Basically, our token holders get payouts every quarter in ethereum, as long as they hold them, forever. 60% of total net revenue. When we grow so does your payouts as a token holder. From my experience for a period of time, the high pre-sale incentives are undesirable, will cause widespread decline in exchange prices, can not ensure the interests of investors, please be careful
50% pre-sale bonus which drops every 3 days in our opinion is not high. And we believe that our tokens will be kept more than it will be exchanged in the early stages after our ICO ends. Thank you for the heads up! |
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do you really state that crypto mining is still worth making?
I doubt so
project looks not well-grounded
Crypto mining is profitable on a large scale basis and with cheap electricity. So yes. It is worth mining. On means of how well grounded, we believe we are one of the more well grounded ICOs around at the moment. We are based on Mining profits and scaling up plus developing our ecosystem alongside our core source of revenue from mining. Many ICOs fail because they run out of funds before they can develop their projects. For ours, we want to build up a solid foundation of revenue with crypto mining before developing an additional profitable ecosystem. Hope this answers your doubts. Looks like you have a professional team behind it. Too bad you dont have a counter for investments on your website, hope you will implement it later. I see you bonus will drop daily and not with amount invested.
We will have one after pre-sale. Being backed by an already established mining company gives some guarantee for the long term performance on this investment. Receiving revenue dividends for being a token holder is a plus as well.
The only drawback could be the fact that these tokens could be considered securities by the US authorities because of the revenue sharing. This could become a handicap for some exchanges to list this token.
Last we checked on 13th Nov 2017, We are not considered nor recognized as a security. and we have 3 exchanges that have agreed to listing us. We will be making that announcement soon. Didn't really got the idea.. but wish you good luck. Will follow the development.
Do you guys have a website?
We have the link done up in the initial Post. Hello Devs. When will be published whitepaper?
We have the link done up in the initial Post. Good luck your project! When will the token will be listed on exchange?
4 to 10 weeks after ICO ends on the 19th of Jan 2018. Looking forward to see this go live. How high will the prospective payouts be in dollars per token?
We are paying out in Ethereum. You can check out our whitepaper via the link in the initial post. there will be a rough estimate. That means "Veritium" and "Veritas"? It's some kind of trademarks? isn't it?
Veritium is our token name and Veritas Mining name. Veritas was the Roman Goddess of Truth. Which is what we seek to be. Truthful and Honest. Is there a minimum (soft cap) amount you need to gather in total investments in order for the project to start?
Yes we do have one. It is US$ 500,000. Which thankfully we have hit via private offline investors and some pre-sale sold tokens. As of 16th Nov 2017, we have raised about 705k USD. Hope you can be part of our token holders soon! |
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how to buy token
You can proceed to our token sale page. https://www.veritasmining.co/token-saleClick participate and fill up the form. After you proceed, you will see an Ethereum address to send for the purchase of Veritium. You can use your ethereum wallet to send directly or if you are paying via Bitcoin or altcoins. You can use the in built Changelly App. Then once you have sent we will be sending you an email within 24 hours confirming your purchase. Tokens bought during pre-sale will be sent out after pre-sale. Tokens bought during General sale are sent instantly. What is the hard cap?
100,000 Ethers.
As long as the management and dev team will work together in following the plans or roadmaps, the future looks bright for Veritium Mining...since this is a project under a legally registered company in Thailand would it be possible that we also convert our tokens to the real shares of the company? Just wondering...
No you cannot convert them to real shares of the company, as that would make us a security in which by law, we are not one. If i understand correctly its similar to cloudmining, isnt it?
Nope. we are not cloud mining. It is more of Co-op mining. Thank you for your support! This is our new bounty thread. https://bitcointalk.org/index.php?topic=2407235.0 |
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Interesting project. I wonder in what country the mining facility is located with these cheap rates.
We are located in Thailand So no bonus if contribution is below 30 ether?
Bonuses are given from the minimum of 0.25 Ethers. Nice project and will follow this, but can you share some details about the climate of your location? I bet you spend a lot of kWH's on your cooling systems in a climate like Thailand.
Furthermore, is it possible to rent hashpower in your farm? What do tokenholders get back for investing in your mining farm?
Our mines' location are in the highland regions. it is much cooler there. and we are using the water from the rivers nearby to cool our mines with a tweaked heat pipe technology. No we are not cloud mining, so no renting of hash power. How token holders get back is payouts in Ethereum every quarter, for as long as you hold our tokens, forever. Basically, when we grow so does your payouts. Kind of like Co-Op Mining. I love the idea of using renewalable energy for mining.
Please provide more details about
1. Total coin supply
2. Percentage of Coins allocated to Founders
3. Percentage of Coins allocated to Airdrop
4. Percentage of Coins allocated to Bounty (I believe 3%, right ?)
5. Where is your solar and Wind energy going to be generated ?
5. At what cost is the energy going to be generated ?
Total token supply = 135m founders = for every 100 tokens issued 15 additional tokens will be issued for founders/team airdrop = 1m tokens Bounty = for every 100 tokens issued 3 additional tokens will be issued for Bounty. From our partner's energy farm. There are solar, wind and bio gas/waste. We are getting our energy supply at US$0.035 per kWh. |
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What is the bounty pool in the company?
The amount allocated to the bounty compaign is fixed or is it a percentage of the ICO?
If % - What percentage is allocated to the bounty compaign?
The bounty pool of the campaign is 3% of the total tokens that will be issued at the end of the ICO. For every 100 tokens issued, 18 additional tokens will be issued for team and Bounty. 15 for team and 3 for bounty. The more successful the ICO is the more the bounty hunters will get paid. hm, 3 from 118 is not 3%  For every 100 tokens issued. 18 additional tokens are issued for team and bounty. 15 for team which is 15% of total tokens issued during sale (which are SOLD). 3 for bounty which is 3% of total tokens issued during sale (which are SOLD). Therefore bounty is 3% of total number of tokens sold. Hope it answers your question. |
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The idea is nice and user friendly. The most comments are about how nice is idea.
The quantity of posts is not many...
Or it is so trustable project without questions, or nobody is interesting in it.
Hope the first one supposal.
Thank you for your vote of confidence! We hope the first is what's happening. But at the same time, we believe we do not have enough people aware of our project just yet. Maybe you could help us? |
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It is so nice that you are care about energy and planet. At Veritas Mining Company, we believe in turning renewable green energy into cryptocurrency by means of crypto mining. Crypto mining is highly profitable when done on a large scale basis and it is essentially turning electricity into digital assets. In today’s environment, Crypto mining is done globally. What we offer is an eco-friendly, sustainable and renewable energy powered form of mega crypto mining, in an environmentally stable country with no risks of natural disasters. But how will the cryptocurrency help the world even if it will be producing in the "green way"? Well, we believe Crypto currencies are the future and to adapt to it means lots of crypto mining. So we make the process eco-friendly. How it would help? Decentralization. That's what we all seek don't we? |
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