[ANN] Veritium - Token with Quarterly Dividend Payout

[Xphenosis]

Hi dev. How will you attract investors to invest in this project? What are the advantages of your project to other that investor will have interest on this project?

Our electricity is cheaper than most other mining operations. US$0.035 per kWh.

Besides that we are also using our mining operations as our core source of revenue to develop an ecosystem  that will support one another and in turn garner more revenue.

I have a little confused about mining software, this coin is't based on ETH? If its how to mine use software?

No we are not mine-able.

Joined.will we have a promotion price because we hold some of theses token or because we were the first supporters of the project ?

The tokens will enable you to a right to a quarterly payout in ethereum.

In the future it will also allow u usage of our marketplace platform for investments or retail discounts.

where the mining are located ?

Thailand.
Land of Smiles.

How much would be the Ico price?

1 Veritium = 0.001 ETH (base price)

Currently there is 30% Bonus. But will end in a few hours.

24th Nov we start our general sale and will have 25% Bonus.

I have strong demand for Crypto-Mining, Veritium may solve my problem. two questions: how much need pay for your Ponos-Mining or other apps and how much hashrate will everyone have?
Thanks in advance.

Its not based on hashrates as we don't sell hashrates nor electricity nor contracts.

We are like a co-op mining operation.

turning renewable green energy into cryptocurrency by means of crypto mining？turning electricity into digital assets？Sorry, I did not understand your white paper, so can you explain it to me?

Bascially, mining is turning electricity into cryptocurrencies.

So our source of cheap renewable energy is very suited and good for mining.

[erikalui]

Hindi ANN: https://bitcointalk.org/index.php?topic=2413945.0

[Crypto_Enthusiast]

Hi,
correct me if I'm wrong, that the whole project will be ready for work not earlier than mid-2018?

[Xphenosis]

Hi,
correct me if I'm wrong, that the whole project will be ready for work not earlier than mid-2018?

Actually no, we would be ordering our first batch of ASICs and Rigs after the pre-sale ends on 20th of Nov @ 00:00 UTC.

We expect to have the first batch of RIGs delivered and running by the end of the Dec 2017, and ASICs would take abit longer around mid Jan 2018, which is when our ico will come to an end.

We did state that we would be starting up around Q1 2018. So with current timeline, we are able to maybe move abit faster than planned.

However, all will depend on our suppliers' delivery times. For GPU rigs equipment should take about 6 to 8 weeks. For ASICs about 8 to 10 weeks.

We hope this answers your questions.

Do feel free to ask us anything!

[Xphenosis]

If you pay dividend in US you are going to be considered by SEC as security! I hope you guy are taking every legal step you should take before launching out! Goodluck

Yes. We do have a legal counsel that updates us every as and when. As of 18th nov 2017, we are still considered a security as all our token holders have rights to a share in the payouts and not as a form of a cmonpany issuing dividends. In terms of the law, we are more of a CO-OP mining operation.

So where is the mining rig located? Thailand? Do you have the link of the one that you stated that you have collaboration with - one of the largest green energy producers in the country. And what country?

Hi!

Yes it is all located in Thailand.

Unfortunately, due to the energy company's request,
We cannot disclose anything about it.

But it is a public listed company.
Hope you understand. (:

are the team have any plan to located the rig in other country or only loacted in thailand?

so all the team members from Thailand ? correct me if i am wrong.

Only to be located in Thailand as that where we get the really cheap electricity.
We have team members from Thailand, Russian, USA and Singapore.

Interesting project but how do you deal with SEC and low globally concerning the dividend payout.
Will you exclude some countries?

As we are conisdered more of CO-OP mining. All countries are welcome.

This project seems achievable, any French translation, I wish to reserve

https://bitcointalk.org/index.php?topic=2407235.0;all

This is our bounty page. We look forward to your support!

On which exchanges will the token be sold?

So far we have 3 exchanges that have agreed to list us within 4 to 12 weeks after our ico ends.

I like the name of this token and I am sure many people feel the same too. Apart from this wonderful name, What is the selling unique proposition of this token and what do you intend to achieve with this let say in six months?

In six months we intend to establish at least 2 parts of our ecosystem; Vidulum, our wallet and Ponos-Mining, Our mining GUI.

We have our road map shown on the initial post.

[Xphenosis]

I have joined Airdrop veritium, what is the total supply of tokens that will be issued at the time of Pre-ICO and ICO take place? whether veritium team already have intention to enter big exchange like poloniex or bittrrex when ICO Ends?

Pre-Sale has 5,000,000 VRTM. So far we have sold 4,667,269 VRTM.

ICO will take place on the 24th of Nov 2017 @ 08:00 UTC

3 major exchanges have agreed to list us within 4 to 12 weeks after our ico ends.

Air Drop Thank you.
Do you need a Korean translation?
We support wonderful project.

Yes please visit our bounty page: https://bitcointalk.org/index.php?topic=2407235.0;all

Great project dev, I love what you are doing and I want to be a. Part of this great project and ready to make investments. I want to know of the prospects on investments.

Thank you! Our white paper is in the link on the initial post.

You can join our telegram group to ask any questions too: https://t.me/joinchat/CvhCSRGJrlvYHnVN6LJDhQ

hello everyone,
do you need french and arabic translator, it will be a pleasure to work with you
good luck 

Yes please visit our bounty page: https://bitcointalk.org/index.php?topic=2407235.0;all

This cryptocoin is a bit new to me.  What is the duration of the ico?

8 weeks starting from 24th Nov 2017, 08:00 UTC

hello any airdrop or bounty campaign for this coin ?

Yes please visit our bounty page: https://bitcointalk.org/index.php?topic=2407235.0;all

can i see spreadsheet and your dev. team ?

Do you think Bittrex? or which ?

thanks..good lucks

Spreadsheet for?

Our dev team is on the homepage of our website: https://www.veritasmining.co

[Xphenosis]

Apart from trading this currency, how do u intend on achieving this target of providing cheap renewable energy?
Who are your partners in this project?
Thank you.

We have a energy company which we have an agreement with.

Plus we are working with one of the top universities to develop our cooling systems and also cloud management.

Which rights do your tokens provide its holders with?

Our token holders will have rights to quarterly payouts which is 60% of net revenues.

And also in major decisions, token holders will have the right to vote.

really good project
I want to invest when it is launched.

We are about through with our last stage of our pre-sale.

Our ICO general sale starts on the 24th of Nov @ 08:00 UTC

[Xphenosis]

Is there a minimum (soft cap) amount you need to gather in total investments in order for the project to start?

yes our soft cap is US$ 500,000. We have successfully hit that amount and now we are in the range of US$ 712,480.

We welcome your support too!

Our pre-sale is going through the last weekend!

4,667,269 VRTM sold out of 5,000,000 for pre-sale.

332,731 VRTM left for pre-sale.

[easyrimka]

whats the date for the ICO ?

[Xphenosis]

whats the date for the ICO ?

General Sale begins 24th Nov 2017, 08:00 UTC

[Xphenosis]

4,697,826 Veritium Sold!

$720,863 Raised during Pre-sale!

We have hit our soft cap!

Thank you Everyone!!

General sale begins 24th Nov 2017, 08:00 UTC

Join us @ https://www.veritasmining.co

With 25% Bonus Break Even within 8 Months!

After which it's just profits all the way!

When we expand, so does your payouts!

no further funding required.

Mines and ecosystem growth will be gradual and constant!

[wisnon]

4,697,826 Veritium Sold!

$720,863 Raised during Pre-sale!

We have hit our soft cap!

Thank you Everyone!!

General sale begins 24th Nov 2017, 08:00 UTC

Join us @ https://www.veritasmining.co

With 25% Bonus Break Even within 8 Months!

After which it's just profits all the way!

When we expand, so does your payouts!

no further funding required.

Mines and ecosystem growth will be gradual and constant!

Hi, congratulations on the excellent result of soft cap.
You write that you plan to use the cheap energy of the sun and wind. Do you already have ready arrangements with a "green plant" or will you build solar-powered systems yourself?

[Xphenosis]

4,697,826 Veritium Sold!

$720,863 Raised during Pre-sale!

We have hit our soft cap!

Thank you Everyone!!

General sale begins 24th Nov 2017, 08:00 UTC

Join us @ https://www.veritasmining.co

With 25% Bonus Break Even within 8 Months!

After which it's just profits all the way!

When we expand, so does your payouts!

no further funding required.

Mines and ecosystem growth will be gradual and constant!

Hi, congratulations on the excellent result of soft cap.
You write that you plan to use the cheap energy of the sun and wind. Do you already have ready arrangements with a "green plant" or will you build solar-powered systems yourself?

Thank you for your well wishes!

We have arrangements and an agreement to purchase clean energy exclusively from a green energy company.

Do join us for our general sale this Friday! 24th Nov @ 08:00 UTC

[elegant_joylin]

Filipino ANN Thread here: https://bitcointalk.org/index.php?topic=2435513

JOIN US!

[orionluckyse7en]

Glad to hear soft cap achieved, good news. This will be a positive impact and value to potential investors. Considering to join public sale few days ahead 

[Xphenosis]

Glad to hear soft cap achieved, good news. This will be a positive impact and value to potential investors. Considering to join public sale few days ahead 

Thank you very much for your support and vote of confidence!

We look forward to your support!

[Xphenosis]

We have finished checking our Smart contract.

Pre-sold tokens will be sent out by 10pm CET on wednesday, 22nd November.

Thank you everyone for your patience!

We believe in doing things right and doing it well!

[easyrimka]

We have finished checking our Smart contract.

Pre-sold tokens will be sent out by 10pm CET on wednesday, 22nd November.

Thank you everyone for your patience!

We believe in doing things right and doing it well!

nice news dev .. hope the best for the launch 

[AgatioX]

Joined Bounty campaign.

After thorough research I found sympathy about this project and wish devs to succeed in building this mining pool.

[idoycodet]

sustainable and clean mining is what we need now!
a cheap source of energy for mining cryptos guarantees profit. a good source of passive income for investors.
and whats more your coins keep appreciating in value.