|
AltCity
|
 |
May 31, 2017, 07:47:48 PM |
|
I didn't mean to imply any sort of impropriety regarding the supply of tokens. I'm just trying to understand what the ecosystem and liquidity environment will look like for the individual early adopter, who likely won't actually be using the tokens in the same way as institutions.
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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
No Gods or Kings. Only Bitcoin
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Gen6:6
Member
 Offline
Activity: 112
Merit: 10
|
|
May 31, 2017, 10:22:26 PM |
|
How do you swap VERI back to ETH via myetherwallet (or any other ether wallet out there) once these token start trading, please? (Instead of using an exchange, I'm presuming you can do a straight swap within the wallet as VERI are ERC20 compatible.... but I'm horribly new to this so may be totally wrong. Please help!)
Has anybody got a basic step-by-step instruction or link on how to do this?
I'm guessing the procedure is similar to how you had to purchase them during the ICO?
Many thanks!
|
|
|
|
|
|
azmojo
|
|
May 31, 2017, 10:40:41 PM |
|
I will pay you ETH for your VERI at the ICO ratio of 30:1.
|
|
|
|
|
AltCity
|
|
May 31, 2017, 10:56:33 PM |
|
How do you swap VERI back to ETH via myetherwallet (or any other ether wallet out there) once these token start trading, please? (Instead of using an exchange, I'm presuming you can do a straight swap within the wallet as VERI are ERC20 compatible.... but I'm horribly new to this so may be totally wrong. Please help!)
Has anybody got a basic step-by-step instruction or link on how to do this?
I'm guessing the procedure is similar to how you had to purchase them during the ICO?
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. |
|
|
|
|
|
CocoLibre
|
|
May 31, 2017, 10:58:44 PM |
|
Any clues on when we see exchange listings? BAT did their ICO and listed in the same day on Liqui.io as did many other ETH ICOs the past few weeks.
|
|
|
|
|
Gen6:6
Member
Offline
Activity: 112
Merit: 10
|
|
May 31, 2017, 11:00:56 PM |
|
Ok I'm gonna have to take some time to digest all that!! Thanks for the reply!
|
|
|
|
|
jbl888
Member
Offline
Activity: 97
Merit: 10
|
 |
May 31, 2017, 11:33:04 PM |
|
|
|
|
|
|
|
Fern
|
|
June 01, 2017, 01:30:31 AM |
|
Reggie, I see that Vinny Lingham is offering his Civic (CVC) tokens initially via ERC20 Ethereum tokens but will switch to Rootstock/Bitcoin at a later date. Rootstock because they believe bitcoin is the safer option.
Is this your plan also or are you fully committed to Ethereum?
|
|
|
|
|
Masiah
Newbie
Offline
Activity: 37
Merit: 0
|
|
June 01, 2017, 03:26:44 AM |
|
Reggie,
Do you have an estimate of when VERI will be available on exchanges?
Thanks
The tokens are expected to be on exchanges within 4 weeks. |
|
|
|
|
Masiah
Newbie
Offline
Activity: 37
Merit: 0
|
|
June 01, 2017, 03:57:12 AM |
|
Reggie, I see that Vinny Lingham is offering his Civic (CVC) tokens initially via ERC20 Ethereum tokens but will switch to Rootstock/Bitcoin at a later date. Rootstock because they believe bitcoin is the safer option.
Is this your plan also or are you fully committed to Ethereum?
We are still waiting to see how Rootstock develops. |
|
|
|
|
|
CryptoMensch
|
|
June 01, 2017, 04:03:45 AM |
|
The website looks kind of old (2010), scammy. But I like the idea
|
BANCOR
|
|
|
|
housebtc
|
|
June 01, 2017, 05:09:33 AM |
|
I want to ask when the bounty spreadsheet in going to be made public, I think it is better for the participants to know where we stand current, since the start of the campaign I don't think the team have mentioned making this public just to prevent all those claims that come during the distribution. I will also like to ask when the signature campaign is going to be over.
I think for fairness shake the bounty spreadsheet need to be made public no matter when the tokens will be distributed.
|
|
|
|
|
whoareyou4
Newbie
Offline
Activity: 42
Merit: 0
|
|
June 01, 2017, 05:36:03 AM |
|
Yea, Joe's my boy. I sent it to him. |
|
|
|
|
Gen6:6
Member
Offline
Activity: 112
Merit: 10
|
|
June 01, 2017, 08:09:14 AM |
|
Having looked around a bit more, and following on from my last post, I guess I need to ask - when the time comes to trade some of these VERI tokens for something else, presuming that a person wants to, then what is the simplest way? I thought a straight swap back into ETH would be the easiest but on second thoughts maybe not. Will it just be a case of wait until the major exchanges offer it then, when you fancy it, sell them for fiat or swap there on the exchange? I kinda thought it could be done simply (as in, very simply) in myetherwallet. Sidenote: on this link https://blog.veritaseum.com/buy-veritas-tokens he talks about "using the tokens" (near the bottom of the page) which shows instructions to use them in myetherwallet - I'm guessing this is how you actually move them out of your myetherwallet to transfer them to, say, an exchange when the time comes? Sorry for the (probably) obvious questions here but I am a noob on a steeeeeeep learning curve. Putting in research every day here to try to get my head round all this! So in a nutshell: how do you sell/swap back the VERI when the time comes? Thanking you!  |
|
|
|
|
btsfreak
Newbie
Offline
Activity: 52
Merit: 0
|
|
June 01, 2017, 09:19:24 AM |
|
Basically you can use myetherwallet to send your VERIs anywhere you want (your privat wallet, an exchange, ...). However you cannot change VERIs to be ETH. So in order to trade them in any way, an exchange will have to include them in their traded currencies. For that to happen, there needs to be a certain interest from traders, otherwise, the exchange will not bother to invest the work if they cannot earn from the transaction costs. So if nothing noteworthy is happening from the developer side which causes demand for those tokens, do not expect to see them on an exchange very soon.
|
|
|
|
|
Masiah
Newbie
Offline
Activity: 37
Merit: 0
|
|
June 01, 2017, 12:26:51 PM |
|
Slack is still invitation only but members of the slack channel can now also invite others.
|
|
|
|
|
heymann
Member
Offline
Activity: 82
Merit: 10
|
|
June 01, 2017, 01:15:10 PM |
|
People who accuse the original site of looking "scammy", wouldn't the application of common sense, knowing where Veritas is in the business cycle (i.e. early) give you an idea of why the lack of polish? As an investor I'd rather see effort on developing the products and readying the products for public release. The fact that the original website lacked the pretty final touches tells me mgt. has their priorities straight. If people can't see or understand that perhaps they should just walk away and look for something else that may be pretty (because of course anything pretty will never be a scam  ). I say, think a little deeper. Consider the success and public profile of the CEO and the approach so far. Does Reggie strike you as scammy? You may be alone with that thought. |
"People don't understand what they have with these Veritaseum tokens"
|
|
|
|
AltCity
|
|
June 01, 2017, 01:29:35 PM
Last edit: June 01, 2017, 01:42:53 PM by AltCity |
|
Link to functional exchange. The Etherdelta exchange works. (in the past 24 hours, 471.598 VERI swapped for 31.906 ether notional value: $7,320) I have looked at it and the source code is open source. It appears to be a single developer, and he is updating it frequently. The rates may not be the best for some tokens vs other more busy exchanges, and at this point this is the first location I have found that allows converting your VERI to ether, or purchasing VERI for ether. The previous link was to the Ether market in Veritaseum. I am linking the Veritaseum market here: https://etherdelta.github.io/#0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374-ETH this is simply the same orders but the flipped around. You can use your public key / private key from your myether wallet to transfer funds into the exchange contract. There are a few training videos at the top if you need to see a walk through. If you have an opinion on what the fair market value of VERI is put some skin in the game and offer to sell or make an offer to buy. When the Augur (REP) report drops there will be a demand for VERI... |
|
|
|
|
Opossum Minister
Newbie
Offline
Activity: 36
Merit: 0
|
|
June 01, 2017, 01:39:25 PM |
|
When the Augur (REP) report drops there will be a demand for VERI...
What is the timing on that report? |
|
|
|
|
|
|
|
