someguy7
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June 15, 2017, 12:04:40 PM |
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VERI now listed on coinmarketcap.com at $59.10
As I said, they can't seem to find the number of circulating supply (I couldn't find it as well) which is required to calculate the market cap and insert Veritaseum into the list of coins, sorted by market cap. It's strange that this number of circulating supply is basically unknown or not reported anywhere. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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namley
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June 15, 2017, 01:04:41 PM |
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OPKatan
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June 15, 2017, 01:20:14 PM |
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Swap yours for some Eth then, that bubble seems to be bursting. |
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heymann
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June 15, 2017, 01:20:59 PM |
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Can you explain what you mean by VERI looking "scammy"? I see nothing of the sort. What makes you come to that conclusion? |
"People don't understand what they have with these Veritaseum tokens"
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BTCBusinessConsult
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June 15, 2017, 01:26:17 PM |
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EPIC5k Trading on https://spectre.ai/?ref=PassiveIncome. Paying WEEKLY rewards in ETH since 2017. 100% FRAUD FREE Binary Trading Platform. $SXDT. Ask me about the ONLY smart options trading platform with 400% payouts, and their unique EPIC5000 trading system. |
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heymann
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June 15, 2017, 01:35:21 PM |
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Yes. And both addresses together add up to exactly almost double the outstanding tokens, which has the above accusations making absolutely no sense. So someone explain why you believe there are 200 mln o/s tokens vs. 100 mln o/s. If this is true how exactly did the outstanding tokens double to 200 mln? |
"People don't understand what they have with these Veritaseum tokens"
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dave3
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June 15, 2017, 01:56:47 PM |
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This is my take on the Ethplorer listing. I could be wrong; I'm not an etherium expert.
I don't think the Ethplorer holders listing is intuitive.
The first token holder listed, as holding 100,000,000 VERI tokens is the Token Creator itself (compare the address to the Contract Information/Creator; they're the same).
The second token holder listed (the one that holds 98,046,561 VERI) appears to me to be a sort of "change" address, or the address that Veritaseum would be in control of to hold the balance of VERI that has not been issued out of the 100,000,000 total (for future use).
From #3 on down, those would be the private VERI holders.
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heymann
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June 15, 2017, 02:07:08 PM |
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And that's what's called a comprehensive analysis and conclusion. well done. |
"People don't understand what they have with these Veritaseum tokens"
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someguy7
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June 15, 2017, 02:10:17 PM |
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Outstanding tokens are: 1,953,438.05539709 there are not two hundred million in circulation, nor are there 100 million circulating.
It's still unclear where this number is coming from or where it's being published. |
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AltCity
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June 15, 2017, 02:14:19 PM |
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Outstanding tokens are: 1,953,438.05539709 there are not two hundred million in circulation, nor are there 100 million circulating.
It's still unclear where this number is coming from or where it's being published. It's recorded on the blockchain: Veritas Issued: 100,000,000 Reserve in Cold Wallet: 98,046,561.94 Equals the ONLY VERI you can buy from the market: 1,953,438.05539709 |
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kalisto
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June 15, 2017, 02:26:25 PM |
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Price: $ 55.60 Total Supply: 100,000,000.00 VERI Market Cap: $ 5,560,000,000.00 Sounds like a legit Air Castle  |
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AltCity
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June 15, 2017, 02:43:57 PM |
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Sounds like a legit Air Castle Veritas or VERI are the Gift Card to access services of Veritaseum, a company run by Reggie Middleton. Reggie is quite out spoken and has made quite a few amazing and prescient calls. I think that being able to access those services would be valuable. At this point, in my estimate more valuable than the market price of VERI. Those who misunderstood this value should liquidate or take Reggie up on his offer to refund your original purchase in ether. |
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someguy7
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June 15, 2017, 02:49:18 PM |
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Price: $ 55.60 Total Supply: 100,000,000.00 VERI Market Cap: $ 5,560,000,000.00 Sounds like a legit Air Castle Correction: Price: $ 45.94 Circulating Supply: 1,953,438.05539709 VERI Market Cap = Price * circulating supply = $ 89.7 mio As I estimated before, VERI is already in the top 40 coins by market cap. |
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heymann
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June 15, 2017, 02:55:34 PM |
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Sounds like a legit Air Castle Veritas or VERI are the Gift Card to access services of Veritaseum, a company run by Reggie Middleton. Reggie is quite out spoken and has made quite a few amazing and prescient calls. I think that being able to access those services would be valuable. At this point, in my estimate more valuable than the market price of VERI. Those who misunderstood this value should liquidate or take Reggie up on his offer to refund your original purchase in ether. Troll banger you are. Excellent. AltCity has my vote for intellect of the day. |
"People don't understand what they have with these Veritaseum tokens"
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kalisto
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June 15, 2017, 03:06:14 PM |
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Those who misunderstood this value should liquidate or take Reggie up on his offer to refund your original purchase in ether.
I just wonder what the added value of these non compliant non regulated non real ETF's can be and i can't find one. If he want to start hedging on ETF's real liquidity is also needed, not a token. Reminds me a little of Lykke, but that one i actually like and they already got a working product, are expending fast and are also fully licensed. |
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Dorky
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June 15, 2017, 03:29:55 PM
Last edit: June 15, 2017, 03:59:49 PM by Dorky |
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The Veritaseum website needs to have a FAQ in place to answer these kind of question about potential scam so that in the future when another person question the validity of the project, he/she can be conveniently pointed to that FAQ page and save everyone's time explaining the same damn thing over and over again.
Edit:
The price is always changing. There is no fucking point to quote the current price for the sake of some extremely short-term sentiment.
I wouldn't give a hoot if the price is $20 or $60 now.
Edit #2:
Just my opinion:
The market cap should very conservatively be based on the total supply that is 100 million, never mind if most of them are in circulation or reserved. If the circulating supply is used, then people will question that the market cap is fake because the company has over 90 million in store that they can anytime be released and overwhelm the market and manipulate the market cap higher. Though this is not true, but it still gives rise to such doubt and suspicion, no matter true or false, and lead to issue of questionable trust. And it is not wise to allow such thing to potentially arise. Quoting the market cap on 100 million supply should not be a fucking problem. Additionally, having a large market cap conveys a positive impression that the project is worth as much as its market cap. Don't fucking worry that the large market cap will scare people away into thinking its already too expensive, let's not buy. The best veri holder is the holder that is savvy and understanding, not the stupid and clueless. If the stupid and clueless feel the $4 bil+ market cap is expensive and refuse to buy, let them. Sell only to those that appreciates the project and what it can bring. Make sure you are clear of which customer base you are trying to attract. Are you trying to attract the average Joe? Then make sure to make the market cap figure as low as possible to make it appear cheapass. If you are trying to attract the central bankers, investment funds, multinational corporations, exchange operators, UHNW individuals, etc, then make the market cap as high as possible. Either way, the most truthful and most positive way is to base the market cap on 100 million total supply, NOT on the tiny circulating supply. Don't make the foolish mistake of trying to impress the wrong audience.
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heymann
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June 15, 2017, 03:56:36 PM |
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The Veritaseum website needs to have a FAQ in place to answer these kind of question about potential scam so that in the future when another person question the validity of the project, he/she can be conveniently pointed to that FAQ page and save everyone's time explaining the same damn thing over and over again.
Edit:
The price is always changing. There is no fucking point to quote the current price for the sake of some extremely short-term sentiment.
I wouldn't give a hoot if the price is $20 or $60 now.
Edit #2:
Just my opinion:
The market cap should very conservatively be based on the total supply that is 100 million, never mind if most of them are in circulation or reserved. If the circulating supply is used, then people will question that the market cap is fake because the company has over 90 million in store that they can anytime be released and overwhelm the market and manipulate the market cap higher. Though this is not true, but it still gives rise to such doubt and suspicion, no matter true or false, and lead to issue of questionable trust. And it is not wise to allow such thing to potentially arise. Quoting the market cap on 100 million supply should not be a fucking problem. Additionally, having a large market cap conveys a positive impression that the project is worth as much as its market cap. Don't fucking worry that the large market cap will scare people away into thinking its already too expensive, let's not buy. The best veri holder is the holder that are savvy and understanding, not the stupid and clueless. If the stupid and clueless feel the $4 bil+ market cap is expensive and refuse to buy, let them. Sell only to those that appreciates the project and what it can bring. Make sure you are clear of which customer base you are trying to attract. Are you trying to attract the average Joe? Then make sure to make the market cap figure as low as possible to make it appear cheapass. If you are trying to attract the central bankers, investment funds, multinational corporations, exchange operators, UHNW individuals, etc, then make the market cap as high as possible. Either way, the most truthful and most positive way is to base the market cap on 100 million total supply, NOT on the tiny circulating supply.
Now there's a thought process we can get behind! nice job! |
"People don't understand what they have with these Veritaseum tokens"
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Dorky
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June 15, 2017, 04:09:16 PM |
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Now there's a thought process we can get behind! nice job!
Thanks. I did some additional edits. |
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someguy7
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June 15, 2017, 04:59:47 PM |
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Either way, the most truthful and most positive way is to base the market cap on 100 million total supply, NOT on the tiny circulating supply. Don't make the foolish mistake of trying to impress the wrong audience.
As with all the other coins at coinmarketcap.com, the market cap is always calculated with the circulating supply, not the total (or in some instances pre-mined) supply. Citing from the FAQ:' What is "Market Capitalization" and how is it calculated?Market Capitalization is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the Price by the Circulating Supply. Market Cap = Price X Circulating Supply. What is the difference between "Circulating Supply", "Total Supply", and "Max Supply"?Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands. Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned). Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?We've found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing.' Source: http://coinmarketcap.com/faq/ |
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