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Question: Where would you prefer the VRC/VRM exchange pair be?
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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1349964 times)
FANCIER
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July 21, 2016, 09:07:02 AM
 #17661

Verium/Vericoin (VRC) IPO - Where We Stand After Phase 1

https://steemit.com/investments/@dogguy/verium-vericoin-vrc-ipo-where-we-stand-after-phase-1

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July 21, 2016, 09:29:55 AM
 #17662

For anyone who's interested here is my analysis of the post Phase 1 ICO: https://steemit.com/investments/@dogguy/verium-vericoin-vrc-ipo-where-we-stand-after-phase-1

I tried my best to provide an unbiased opinion Wink
I liked reading your analysis.  Cool

_@/'
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July 21, 2016, 12:13:40 PM
 #17663

I'm having some difficulty understanding the phase 2 distribution language "18 days with 10 VRC/VRM minimum price OR your share of total VRC raised is your fraction of 350,000 VRM." Does this mean the amount of VRC accepted in phase 2 will be unlimited? And if so, wouldn't that make the buy-in price potentially far worse than 10 VRC/VRM?

Also, will VRM be on exchanges later, or only by swap in the wallet?

Thank you.
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July 21, 2016, 01:46:45 PM
 #17664

I'm having some difficulty understanding the phase 2 distribution language "18 days with 10 VRC/VRM minimum price OR your share of total VRC raised is your fraction of 350,000 VRM." Does this mean the amount of VRC accepted in phase 2 will be unlimited? And if so, wouldn't that make the buy-in price potentially far worse than 10 VRC/VRM?

Also, will VRM be on exchanges later, or only by swap in the wallet?

Thank you.


Yes it can be higher then 10-1.  But that being said like @effectstocause said on the vericoin forum "Also I think 10:1 is already an implicit discount because the supply ratio between VRC and VRM at launch will actually be ~30:1 while mining brings it towards the final 10:1 supply ratio over time". Remember this is going to take YEARS!!

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Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
..Decentralized Crypto-Location Oracle Network.
.........GET WHITELISTED FOR TOKEN SALE ( Limited )..........

.WHITE PAPER.  ││  ANN Thread  Telegram   Medium   Twitter   Reddit
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July 21, 2016, 07:18:47 PM
 #17665

I'm having some difficulty understanding the phase 2 distribution language "18 days with 10 VRC/VRM minimum price OR your share of total VRC raised is your fraction of 350,000 VRM." Does this mean the amount of VRC accepted in phase 2 will be unlimited? And if so, wouldn't that make the buy-in price potentially far worse than 10 VRC/VRM?

Also, will VRM be on exchanges later, or only by swap in the wallet?

Thank you.


Yes it can be higher then 10-1.  But that being said like @effectstocause said on the vericoin forum "Also I think 10:1 is already an implicit discount because the supply ratio between VRC and VRM at launch will actually be ~30:1 while mining brings it towards the final 10:1 supply ratio over time". Remember this is going to take YEARS!!

I believe it will be a swap through wallet, but will be able to send to exchange as well
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July 21, 2016, 08:23:18 PM
 #17666

effectsToCause Admin 22:08

Approximate average ICO phase 1 investment amount is 10k VRC.

_@/'
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July 21, 2016, 09:01:25 PM
 #17667

effectsToCause Admin 22:08

Approximate average ICO phase 1 investment amount is 10k VRC.


Wow all the "whales" must of been starving!! 😒😒...lol

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Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
..Decentralized Crypto-Location Oracle Network.
.........GET WHITELISTED FOR TOKEN SALE ( Limited )..........

.WHITE PAPER.  ││  ANN Thread  Telegram   Medium   Twitter   Reddit
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July 22, 2016, 03:22:56 AM
 #17668

can anyone share with me what utility vericoin has,

thanks
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July 22, 2016, 03:43:20 AM
 #17669

Come on guys suck it up.....there will be future opportunities to invest......just remember Due Diligence is everyone's personal responsibility.

Cheers Jon  Wink     

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July 22, 2016, 07:48:59 AM
 #17670

can anyone share with me what utility vericoin has,

thanks
What did you find out yourself? Just curious.

_@/'
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July 22, 2016, 02:01:10 PM
 #17671

can anyone share with me what utility vericoin has,

thanks

This was to be part of the press release.

Vericoin is a PoST coin established on May 2014 by Douglas Pike, Patrick Nosker and David Bohem. With one second transactions, sixty second confirmations, a multitude of features such as VeriBit, VeriSend, a BIP32 Lite Android Wallet and a very user friendly Desktop Wallet, VeriCoin is a much quicker, more intuitive, more efficient Peer to Peer Digital Currency than any traditional banking system or even Crypto Currency in existence - including Bitcoin.

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▄█▀       ▀██▀          ▀▀█▄▄▄█▀▀


Network
BLOCKCHAIN JUST ENTERED THE REAL WORLD
..Decentralized Crypto-Location Oracle Network.
.........GET WHITELISTED FOR TOKEN SALE ( Limited )..........

.WHITE PAPER.  ││  ANN Thread  Telegram   Medium   Twitter   Reddit
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July 22, 2016, 03:30:57 PM
 #17672

https://www.vericoinforums.com/threads/first-use-of-marketing-funding-prior-to-phase-2-of-ico.1351/
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July 22, 2016, 04:13:45 PM
 #17673

effectsToCause Admin 22:08

Approximate average ICO phase 1 investment amount is 10k VRC.


Wow all the "whales" must of been starving!! 😒😒...lol

So what? What did you try to mean?
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July 22, 2016, 05:53:55 PM
 #17674

Bittrex has approached the Dev's to offer a VRC/VRM trading pair on their exchange Cool
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July 22, 2016, 05:56:36 PM
 #17675

effectsToCause Admin 22:08

Approximate average ICO phase 1 investment amount is 10k VRC.


Wow all the "whales" must of been starving!! 😒😒...lol

So what? What did you try to mean?

People where claiming that there where only whales buying large quantities of Verium during Phase 1, if the average buy was 10k VRC we can assume that it was larger quantity of people buying smaller amounts
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July 22, 2016, 06:52:43 PM
 #17676

Bittrex has approached the Dev's to offer a VRC/VRM trading pair on their exchange Cool
Where did you read this?

_@/'
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July 22, 2016, 07:15:45 PM
 #17677

How many Phases the ICO HAVE? Huh
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July 22, 2016, 08:03:47 PM
 #17678

Bittrex has approached the Dev's to offer a VRC/VRM trading pair on their exchange Cool
Where did you read this?

Sorry let me rephrase this, bittrex wanted to talk about VRM/VRC pairing. Can't find the twitter reply
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July 22, 2016, 08:17:21 PM
 #17679

How many Phases the ICO HAVE? Huh
2 Phases. Phase 1 is over, Phase 2 is coming. Countdown to Phase 2 here http://www.vericoin.info/ico.html

_@/'
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July 22, 2016, 09:43:28 PM
 #17680

How many Phases the ICO HAVE? Huh
2 Phases. Phase 1 is over, Phase 2 is coming. Countdown to Phase 2 here http://www.vericoin.info/ico.html
Thank you for the clarification!
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