You use swap, and intend that there will be an exchange of VERI for ETH. Without use of a distributed exchange like etherdelta or 0x there is no enforcement that both parties exchange funds.
 
You would have to use a contract to make the trade you imply. Simply agreeing to exchange VERI tokens or ether would have no obligation.

I suppose you could use an m-of-n multi-signature address to hold both. This certainly makes it a lot more complicated than you probably want.

The original transaction for VERI purchase was mediated by the ERC20 token contract that was written to manage the offering of the VERI tokens. I am sure that when these are trading in volume we will exceed the original price. I would hold if you can.

The tokens are a software object, exchangeable for services. Reggie and team have already released an eye opening valuation of the GNOSIS token. If you read that you should be able to make a decision on whether you wish to be long or short that token. This type of analysis is valuable and readily will give the purchaser a market edge.

The GNOSIS report was free. Future analysis will be exchanged for VERI tokens. I believe Augur (REP) is up next.

The institutions will come in to play in the future because their clients will want access to Reggie's expertise on Blockchain and Crypto products. These type of players will want large blocks of VERI to distribute to clients, or use themselves. Suppose a major bank wanted to offer this type of research to their clients? They would not be able to buy ONE report and distribute it because of copyright issues. They could offer token's to their clients and they would be able to purchase the reports they were interested in ala-cart.

Or maybe they would purchase an unlimited bundle, the going rate so far appears to be approximately $1,000 for a report, distributing this to 1,000 clients would take 130,763.775 VERI ($1,418,344.54 @ todays rate.)

A large institution would probably negotiate that down, say 75,000 VERI for unlimited reissues. This information is actionable, and is time sensitive.,So getting this in front of as many of your paying clients as possible is the best way to demonstrate value.

Oh ok, I somehow missed that etherdelta allowed arbitrary ERC20 tokens. Yes this should function, though since it isn't easily accessible in the UI, so it may take awhile to get some volume.

Also we only have one side of the order book with no takers...

VERI has not been added to the list of swappable tokens for etherdelta. You may wish to contact the admin to let him know you are interested in this Token. I see that BAT has been added just recently so he is updating the list frequently.

They are divisible to 18 decimal places. I think the metric you are looking for is the Gini coefficient: https://en.wikipedia.org/wiki/Gini_coefficient Bitcoin has tended to distribution of assets over time... At some point you can lead a horse to water and you can't make him drink.

Through divisibility the VERI will become more valuable over time. This will allow people to buy in a stake without having to spend a lot of money. I had a conversation last year when Bitcoin was $400 and told someone, to buy $25 to start. The incremental costs in acquiring fractional values of tokens or coins is nominal and a better long term plan due to Dollar Cost Averaging which smooths out the peaks.

I suppose I could go and create a report to determine how many of the 880 ether sent were from addresses that already purchased. My point was of the 1,852,839.76 VERI issued, only 26,400 VERI were requested after the contract closed.

My estimate on demand is that teaser for the beta is due shortly. I would recommend those that sat on the fence follow this closely as it will be a limited test of 200-300 dollar value for existing VERI holders.

If there is enough interest I might set up a swap facility for the ERC20 token to provide some liquidity. It is also possible that this can be done through 0x a distributed exchange introduced at Consensus.

Contract is ended. If you look at your transaction in etherscan for instance, you will see a Cancelled. which means the ether was returned to you. If you have tokens, was that from an earlier sale?

By my calculation, 880 Ether were sent to the contract after the epoch ending time. This is a small percentage of total raised. I believe we will see an immediate demand on the secondary market, and that those who needed or wanted VERI had already bought.

it is extremely dangerous to send ether to a commented ether address that may be modified. I understand this can be frustrating, and it is better to keep your ether and participate in the after market than lose your ether!

Please confirm all ether addresses based on veritaseum information on their website.
Do not send any ether to an address you have not confirmed!!!


ICO is over. https://www.epochconverter.com/

The contract is from 1493130600 to 1495809000! time is calulated in seconds from the unix epoch.
 
see http://solidity.readthedocs.io/en/develop/units-and-global-variables.html#time-units

Bunch of transactions rejected. I looked at some, the gas price seemed low. Instructions say 80,000 for gas. If you're sending 10 ether over bump that up! I suggest doubling to 160,000 on gas which equals 20 cents approximately. The ethereum network maybe getting overloaded. increasing your gas will give your transaction priority!!!

Update, i'm wondering if this is a timing issue and not GAS. the ether stats page looks ok.

Even more interesting is how many people are in the initial sale offering, 2,711 transactions. Probably a few of those are multiple buys so we have a pool of under three thousand that is interested in this token.

Once the product is producing that will drive the real price discovery!

Yes $0.30 + 2.9% of the transaction normally. This covers chargebacks and the cost of fraud that all card holders bear. With blockchain transactions there is no chargeback, and fraud well it's sort of the wild wild west still.

My question was not on the valuation of the VERI token long term, but on how fees would be collected which Reggie compared to a Hedge Fund's management fee structure.

Reggie said Veritaseum is Skynet for Wall Street!
I take this article to mean that mom and pop still have a ways to go before realizing that there are benefits we VERI insiders are just chomping at the bit for!

There will be advantages to early movers, the benefits of automation are just beginning to be realized!


"I do find it slightly odd,” said the chief operating officer of Europe’s largest bank, referring to its survey of more than 12,000 consumers in 11 countries published Wednesday. Just 7 percent of respondents would trust a robot with their savings, versus the 14 percent willing to submit to a machine for heart surgery."
https://www.bloomberg.com/news/articles/2017-05-23/hsbc-discovers-consumers-trust-robots-for-surgery-over-savings

---

I re-watched the presentation on Veritaseum vs a hedge fund.

Turning wallstreet on it's head:
https://youtu.be/7Ex61XG3QEo?t=360

Not charging a thing. Only at cost on transactions.

We will charge you 3% research and 2% engineering:
https://youtu.be/7Ex61XG3QEo?t=400

1 and 10 % fees in Hedge Fund vs Veritaseum of 3 and 2 % fees:
https://youtu.be/7Ex61XG3QEo?t=430

Only way to get this access is, the financial machine will digest research and buy tokens. Research is this machine. Actually buys tokens, it has confidence in.
https://youtu.be/7Ex61XG3QEo?t=816

Once the offering is done, reserve after offering is reserved for institutions:
https://youtu.be/7Ex61XG3QEo?t=876


I ran Reggie's scenario, and I come up with a 22% annual return difference on the

$100,000 AUM, with a 300% return:

1&10%......Hedge Fund.....................vs 3&2% for Veritaseum.

Year 1.......After Fees........$369,000.....vs.........$391,000
Year 5.......After Fees   $80,389,454......vs....$85,182,322

Can someone from Veritaseum comment on the 3&2, Reggie lumps them together as 5% vs 11% and I think it is important, are we charging 5% on Assets Under Management and including the annual return, or are we breaking them out separately? The difference in a down year would be important.

This article talks about the value proposition of a mutual fund with a low fee:
Dividing 2.1% in fees by the 5.3% expected market return before fees provided a true picture of investor cost. A 5.3% expected (before cost) return divided into 2.1% per year in total costs comes to 40% of expected return lost to expenses.
https://www.forbes.com/sites/rickferri/2013/05/27/the-heavy-toll-of-investment-fees/#18fbfff818fb

As a ERC20 [1] token, this will be very easily handled by distributed exchanges such as 0x [2] If you have an account on an exchange, open a support ticket and ask them to add it. I know we're all excited to see the market discover price. My analysis is that the tokens will be quite valuable.

1. https://theethereum.wiki/w/index.php/ERC20_Token_Standard
2. http://www.coindesk.com/blockchain-vcs-back-0x-protocol-lets-trade-ethereum-tokens-free/

Agreed, as a VERI token buyer, I appreciate the efforts of all who raised awareness of this initial token offering. We are coming into the final day of this offer and things are just beginning to get exciting!

per most recent post on the website, management is saying:
"It is strongly recommended that interested parties purchase Veritas from the intial token offering,
for after the offering close you will either have to purchase the tokens in the open market or pay a material premium to purchase it out of Veritaseum inventory."

http://veritas.veritaseum.com/index.php/16-the-gnosis-gno-forensic-analysis-and-valuation-report-our-inaugural-digital-asset-research-release

We've got two days left. My analysis is this is a bargain at this price.

Yes. You must make that decision for yourself. No one has a crystal ball. I believe that diversification is crucial. If there is another segwit fight, Bitcoin could take quite a hit.

The address to see tokens issued from ether is here https://etherscan.io/token/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374?a=0x82c48875c17ee5812f909a9d75c0f64f7a8719fe

There was a bonus in the first days of the token issuance, currently 866,021 veri have been distributed.

The remainder that are unsold are retained by veritaseum. It is understood that these will be offered to large investors at a future date - as the VERI are the only way to access the research and services.

While other tokens have been issued in the crypto currency space with burns at the end of an ICO. I believe that by retaining these after the initial sale this is a demonstration that the company will be able to raise cash to cover burnrate and service interested parties that wish to acquire the VERI after they are demonstrably useful.