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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve on: July 20, 2016, 07:18:58 PM
A lot of people are disappointed that they did not get the chance to get involved in the swap last night. However, the purpose of the ICO was to create an optimum amount of initial supply of Verium, that would set the foundation for a strong crypto ecosystem.

It was not the plan to create a pump and dump party, with a huge amount of cheap Verium. That would have caused a lot of harm to the Vericoin / Verium project by diluting the value of the coins.

I have been investing in Vericoin since July 2014, and I too missed out on the ICO. I'm in Europe, and didn't feel like waking up at 3am to buy coins, since I had to work today. That was my choice, and I own it. The dates for the ICO were published a while ago, and there isn't much more that the community could have done to make people aware of the date and timings.

I must admit I was a little pissed off for about 2mins, since I did not manage to get involved in the ICO, however, there is phase 2 of the ICO starting in a few days, which will allow investors a second chance to get involved.

Also the fact that the ICO sold out so quickly is a real positive, since it shows that the excitement is building around the Vericoin project.

It is important to note all of the various benefits Verium will bring to the complete ecosystem. Even if I didn't manage to get any Verium from phase 2, then I will continue to invest in Vericoin. In fact, I will ramp up my investment because I am excited about the project.

This will be a cohesive two blockchain ecosystem.  Once Verium is pared with Vericoin, this will bring more security, faster transaction times and lower fees in Vericoin the currency. Verium will automatically address the scalability issues seen with Bitcoin regarding latency but not data size. However, data size isn't an issue because PoWT block times will vary and Verium (the commodity) will bring value into Vericoin (the currency).

What I think we all need to do now is spread the word about how much this VRC/VRM has to offer, since I do not think that is completely clear to everyone.

If you missed the ICO, like I did, the best thing to do is staking your coins, and then you will get some free Verium after the ICO period.  Then try to get involved in phase 2 of the ICO.  

This is just the beginning of the Vericoin journey, so not time to sell of give up just yet.

I hope you stick around to enjoy the journey!
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