I'm new to this forum and am hoping to clarify a few items.  (Note - I don't own any VERI at this time).

1. How many folks here own VERI with the expectation that the price will increase in value vs own VERI for actual use on the Veritaseum platform?
     - Isn't it likely that if most are purchasing with the expectation of an increase in price then the SEC will eventually consider VERI a security?

2. If VERI is used on the platform, what happens to the VERI tokens when redeemed? (If there are approx 2MM tokens in circulation and I redeem 10 for product/service do the 10 tokens redeemed stay in circulation?)

3. If the total supply of VERI is 100MM, at current approx price of $150 the value of the Veritaseum platform is approx $1.5 billion.  That seems like a high value but I may be missing something.

Thanks

Yeah *wink* none of us in the USA *winkwink* checked the "I'm not an American citizen" box and bought the AdEx tokens during its ICO this morning ... I've heard AdEx is already selling for 25x and tokens haven't even been released yet of course ... they hit the 40k ETH hard cap in 8 hours and ICO is done ... you guys who don't follow @Clif_High on Twitter are really missing out ... AdEx was a freebie 24 hours before the ICO started since we are not getting the next Wealth Report until 7/5 ... got in this morning with 30% first day bonus so 1,100+ AdEx for 1 ETH

And Clif doesn't buy the tokens he recommends so that he stays objective ... but he's sure going to raise the price of his Wealth Reports as he should

 

An email I just got from Poloniex...

Dear Reggie Middleton,
We don't have a comprehensive set of criteria as each project is unique. We watch the community and select projects that we believe are unique, innovative, and that our customers would be interested in trading. The best advice I can give is to build a product that has strong (organic) market demand.

As you can see, there is merit to drivimg more volume and traffic to the decentralized Etherdelta.  I first petitioned Poloniex at the cloaenof the ICO and again just recently.

Volume on Etherdelta is about 3 to 4 thousand ETH daily, $750k to $1M in VERI