VERITASEUM DISCUSSION THREAD

[Reggie Middleton]

Wanna reserve ukraine translation

Make the reservation on the Google form, and as long as you're a high ranking bitcointalk member and you are the first to get the position, email us for confirmation and go ahead once we respond. Don't request confirmation here, it's too easy to get lost in the weeds.

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[younglee21]

are you need korean translate

[Reggie Middleton]

Why did you say '"and" ? are these two separate entities to invest in?

The strict topic of conversation will be investing in the crypto economy using Veritaseum and Veritas.

What is the total supply of this token or tokens?

Also your profile says:

UltraCoin: The Future of Money! A "Smart", Zero Trust, Peer to Peer, Decentralized derivative layer on top of Bitcoin!!!

What is UltraCoin?

Additionally the drop-down menus on your website https://blog.veritaseum.com/, don't appear to be working with Chrome

Thanks!

OK I just read the "Terms and Conditions of the Veritaseum 2017 Veritas Sale"

Veritas will be created through the cryptographic “tagging” of certain Ether (ETH) to identify them as Veritas for the Veritas Sale. The amount will be up to 51,000,000.00 tokens in a First Pool (VERI.1) for allocation to Purchasers (the “Veritas Sale Quantity of Veritas”). Veritaseum LLC will also have a reserve pool of Veritas (VERI.2) of 49,000,000.00 tokens for future use at Veritaseum LLC’s sole discretion.

What happens to unsold tokens?

Veritaseum or Veritaseum Platform (formerly marketed under the moniker “UltraCoin”)

Veritas or Ve: The prepaid software token redeemable to Veritaseum LLC for various products and services offered by Veritaseum LLC

Unsold tokens go to our reserve to sate future demand. Our project is ultimately aimed at the buy side of Wall Street. They are not yet ready to jump headfirst into this space. Configuring this sale as if the offering to the current crypto-friendly crowd is both shortsighted and unwise. We expect to sell tokens in large blocks to buyside institutions such as hedge funds, pension funds, family offices and high net worth individuals as well as advisory firms considerably after the close of this initial offering. We will need the supply to meet the demand.

I'm actually giving a symposium at a hedge fund hotel on Park Avenue in Manhattan on the 11th, to be followed up by many, many more.

[Reggie Middleton]

Just doing a little math here. So there are 100,000,000 tokens and the dev is keeping 49,000,000 tokens. Each token is selling for approximately  0.033 ETH or $2.574. Which puts the valuation of this platform at about $257 million? Seems like you are keeping a lot and it is over valued at this stage.

That math is not what you use to value the platform. It is too linear and much too simplistic. You value platforms based on comps and DCF. These are not equity shares. See http://boombustblog.com/blog/item/9306-using-veritas-to-construct-the-perfect-digital-investment-portfolio

Not too long after the end of our offering, we will go on a very aggressive valuation tour, valuing and evaluating most prominent concerns and the platforms they are written on top of, in this space.
For Veritas (VERI) holders only, of course.

[piratepants]

In the one youtube video you posted, you talk about using Veritaseum to allow one user to trade bitcoin "exposure" for facebook "exposure" does exposure mean stock? How does an individual prove ownership of facebook or any other asset? Thanks

[qiwoman2]

I just joined the twitter campaign and am very interested in covering the ICO with a blog review hopefully over the coming days. Seeing more Crypto projects going deep into the Financial sector is helping us merge more into mainstream business in a fresh and innovative way.

[Reggie Middleton]

are you need korean translate

I believe so. Check the bounty form. If the Korean space is empty, go for it.

[Reggie Middleton]

In the one youtube video you posted, you talk about using Veritaseum to allow one user to trade bitcoin "exposure" for facebook "exposure" does exposure mean stock? How does an individual prove ownership of facebook or any other asset? Thanks

The app gives derivative exposure to the underlying asset, thus you don't own the asset, but your bitcoin in-contract on the blockchain goes up (and down) lockstep with the underlying. Of course, you still have market exposure to bitcoin price fluctuations as well.

[Reggie Middleton]

I just joined the twitter campaign and am very interested in covering the ICO with a blog review hopefully over the coming days. Seeing more Crypto projects going deep into the Financial sector is helping us merge more into mainstream business in a fresh and innovative way.

I look forward to it. Ping me if you want educational, video or analytical/research material from our historical content.

[disconnectme]

I saw this project on the record with Tony vays, there seems to be alot of close information about the project, the amount of funds raised so far can't be found also the numbers of investors. I think more details about the project should be provided

[Reggie Middleton]

I saw this project on the record with Tony vays, there seems to be alot of close information about the project, the amount of funds raised so far can't be found also the numbers of investors. I think more details about the project should be provided

There's hundreds of pages of info available on the site and a ten year public track record of the team's accomplishments from Independent sources. Our investors are private,  the token offering is not an investment, it is a software sale of pre-paid fees for products and services. Think of it as a digital gift card, airline miles or loyalty points. I suggest you read the purchase terms on the site.

[Reggie Middleton]

http://veritaseum.com web site has been revamped. Give us your opinion. A word to the wise to those who pass judgment on a token offering based upon a website design and a whitepaper. You are likely not exercising prudent due diligence practices.
We actually had a very complex site on the back end for it has many GBs of content, code to an oracle, etc., and we simply paid someone a couple thousand dollars put it together in a few days. That is not what a business opportunity makes. When you approach an ICO, you should (at a minimum) vet:

• value of IP
• ownership of IP
• ability to defend IP (patents, patents pending)
• size of addressable market
• margin size and strategy to mitigate margin compression
• accomplishments of the team
• see and actually use a working product
• business plan
• financials, etc. (these last two may require NDA in certain circumstances but should at least be offered via charts and graphs

We have all of that and more, yet there have been some of you who complained because they didn't like the aesthetics of the website or wondered why we pushed actual product vs a theoretical whitepaper. Be warned, such vetting principles can separate one from one's capital.
We are about to value every major concern in the crypto economy. Holders of Veritas tokens can watch as we do it and benefit in real time. Click here to learn more about what we do and how to buy Veritas https://drive.google.com/file/d/0By5WJsM3KjltOGJHYS1HT3Uyczg/view

[Reggie Middleton]

Veritaseum is sponsoring a Symposium on risk-adjusted reward when investing in digital tokens and valuing blockchain-centric entities in NYC on May 11th on Park Avenue in Midtown NYC. Prolific investors of all stripes are welcomed, but you must RSVP. We are looking for institutions and buy side funds in particular. Download this PDF for more and to RSVP: https://drive.google.com/open?id=0By5WJsM3KjltX0dxb1QtLWR5UHM

[BitcoinForumator]

The old tokens from Coinprism are still valid for the conversion, right?

If so, what is the ratio of conversion?

[Reggie Middleton]

The old tokens from Coinprism are still valid for the conversion, right?

If so, what is the ratio of conversion?

Yes, they are valid for the conversion. The rate hasn't been set yet, but it will be quite favorable - better than than the 20% discount had on the first day of the ERC20 token. We will deal with that after the initial sale is complete and listing of the new tokens.

[Reggie Middleton]

We are holding a digital token and blockchain entity evaluation/valuation seminar in Midtown for hedge funds, PE funds and family offices to get them up to speed in this space through our token offering and platform. If any of you guys trade or invest high volumes of tokens, I would love for you and your colleagues to attend.

We will have cocktails afterward at the Baccarat Hotel. See flyer to RSVP https://t.co/QDqcmIfFTf

[Dorset]

Veritas tokens were slated to be $1 before the Eth pump. Now it's about $3. Would future big money be charged significantly less? Will I be losing money by participating in the ico?

[jfao09]

any other program like this ?pay attention to this

[piratepants]

You've been trying to sell these Veritas tokens for at least a couple of years now, right? Is your platform still in development? if it isn't why has it taken so long? What happened to the investors who bought two years ago?

[Dorset]

You've been trying to sell these Veritas tokens for at least a couple of years now, right? Is your platform still in development? if it isn't why has it taken so long? What happened to the investors who bought two years ago?

Read the thread. They pulled the platform to port to ethereum. Old token holders will be compensated