[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[MAD945]

ICO Phase 2 current total = 791,021.25 VRC

Well Phase 1 used up about 2.1 mil vrc @ 6 vrc/vrm.  I think max total vrc for sale is around 6.93 mil so before phase 2 started there was 4.83 mil cap left.  It will be interesting to see if that gets reached, which would mean max vrm phase 2 price is reached at 13.8 vrc/vrm.  My guess is unless phase 2 sales approach 4.83 mil vrc cap, then sales will be slow over the next couple of weeks with a large spike on last day or two of sale.

Not sure where your numbers came from. We are selling no more than 700,000 VRM. 350,000 is already spoken for. Phase 2 is for selling the other 350,000. There is no cap on VRC taken in. But we will not sell more than 350,000 VRM in the second round.

I thought there was a cap on the amount of VRC that would be accepted during VRM ico.  This was never discussed publicly?  I could have sworn I read it was set at 25% of total VRC.

Sorry I've never read that anywhere as well? There was never a cap on the amount to be accepted in the ICO!

The amount of Verium being released during the ICO will be 700,000 which is 25% of the total supply of 2.7 million which will leave 2 million Verium left to mine over the next 10-50 years

[1713942027]

1713942027

[1713942027]

1713942027

[monsanto]

ICO Phase 2 current total = 791,021.25 VRC

Well Phase 1 used up about 2.1 mil vrc @ 6 vrc/vrm.  I think max total vrc for sale is around 6.93 mil so before phase 2 started there was 4.83 mil cap left.  It will be interesting to see if that gets reached, which would mean max vrm phase 2 price is reached at 13.8 vrc/vrm.  My guess is unless phase 2 sales approach 4.83 mil vrc cap, then sales will be slow over the next couple of weeks with a large spike on last day or two of sale.

Not sure where your numbers came from. We are selling no more than 700,000 VRM. 350,000 is already spoken for. Phase 2 is for selling the other 350,000. There is no cap on VRC taken in. But we will not sell more than 350,000 VRM in the second round.

I thought there was a cap on the amount of VRC that would be accepted during VRM ico.  This was never discussed publicly?  I could have sworn I read it was set at 25% of total VRC.

Sorry I've never read that anywhere as well? There was never a cap on the amount to be accepted in the ICO!

The amount of Verium being released during the ICO will be 700,000 which is 25% of the total supply of 2.7 million which will leave 2 million Verium left to mine over the next 10-50 years

I did a search and found the source of my confusion: in the trollbox pnosker had said to someone that they might not raise all 25% of all VRC... maybe he meant VRM That's why I thought they were capping the total amount of VRC.  So yeah, 25% of VRM changes all my previous calculations  .  VRM could potentially be more expensive in phase 2 than I thought.  Still seems like many will wait until the last moment to see what kind of share they will get.

[WhoCaresCoins]

Oh wait.... new low 8891 sat. Why still dump!!!??

[MAD945]

Oh wait.... new low 8891 sat. Why still dump!!!??

No advertisement, press release is being held up by Coindesk. Not a lot of people know about Vericoin and Verium, marketing funds should change that

[Sums_Phoenix]

I am just hoping we do not cross the whole 2nd phase without a Press Release ...
It would not do any good to any one.

[dranster]

We will pump hard to over 15k sats once Coin desk and other PR comes out..
Mark my words

[souljah1h]

https://twitter.com/VeriumReserve/status/760242525525401600

[gnargnar]

Hi,

We can now see that Verium ICO Phase 2 have 800k VRC right now.

Can you guys tell me what is happening with the VRC coins that get swapped for Verium ?
Are these coins removed/burned forever?  Is the total coinage of VRC get reduced forever?
sorry to ask, I'm not sure of that part and it's crucial to know.

thanks

[WhoCaresCoins]

We will pump hard to over 15k sats once Coin desk and other PR comes out..
Mark my words

I think your mark is possible because Nav Coin price pump more than 30% after press release about Nav coin mobile wallet on Coindesk. But I think dumper gonna dump again. I can't see Vericoin can stand in high price for while. Let's see and hope Coindesk approve press release soooooooon.

[souljah1h]

Hi,

We can now see that Verium ICO Phase 2 have 800k VRC right now.

Can you guys tell me what is happening with the VRC coins that get swapped for Verium ?
Are these coins removed/burned forever?  Is the total coinage of VRC get reduced forever?
sorry to ask, I'm not sure of that part and it's crucial to know.

thanks

On that same page http://www.vericoin.info/ico.html read Verium ICO Phase 1 funds:

Phase 1 sold out in 4 hours, all funds were transferred to VRM Swap Address https://chainz.cryptoid.info/vrc/address.dws?433550.htm

50% of phase 1 ICO funds have been transferred to the stake endowment fund, never to be spent just interest earned spent on VeriCoin/Verium funding.

VRC Stake Endowment https://chainz.cryptoid.info/vrc/address.dws?423762.htm

The other 50% is split up in 20% Development, 20% Marketing and Design, 10% Third party partnerships.

[souljah1h]

pnosker Admin 15:05

FYI: -http://VeriCoin.network- isn't us

Could be virus filled wallets.

[dolores12]

WHATS GOING ON VERICOIN TEAM ?? WHERE IS THE PR ETC?? YOU F*** YOUR EARLY VRM SUPPORTERS ...lol

[gnargnar]

Hi,

We can now see that Verium ICO Phase 2 have 800k VRC right now.

Can you guys tell me what is happening with the VRC coins that get swapped for Verium ?
Are these coins removed/burned forever?  Is the total coinage of VRC get reduced forever?
sorry to ask, I'm not sure of that part and it's crucial to know.

thanks

On that same page http://www.vericoin.info/ico.html read Verium ICO Phase 1 funds:

Phase 1 sold out in 4 hours, all funds were transferred to VRM Swap Address https://chainz.cryptoid.info/vrc/address.dws?433550.htm

50% of phase 1 ICO funds have been transferred to the stake endowment fund, never to be spent just interest earned spent on VeriCoin/Verium funding.

VRC Stake Endowment https://chainz.cryptoid.info/vrc/address.dws?423762.htm

The other 50% is split up in 20% Development, 20% Marketing and Design, 10% Third party partnerships.

thanks for the explanation...


so, there is less VRC coins in motion but still the price is declining? lol.. This is truly a beautiful p&d coin that never cease to amaze

[monsanto]

Hi,

We can now see that Verium ICO Phase 2 have 800k VRC right now.

Can you guys tell me what is happening with the VRC coins that get swapped for Verium ?
Are these coins removed/burned forever?  Is the total coinage of VRC get reduced forever?
sorry to ask, I'm not sure of that part and it's crucial to know.

thanks

On that same page http://www.vericoin.info/ico.html read Verium ICO Phase 1 funds:

Phase 1 sold out in 4 hours, all funds were transferred to VRM Swap Address https://chainz.cryptoid.info/vrc/address.dws?433550.htm

50% of phase 1 ICO funds have been transferred to the stake endowment fund, never to be spent just interest earned spent on VeriCoin/Verium funding.

VRC Stake Endowment https://chainz.cryptoid.info/vrc/address.dws?423762.htm

The other 50% is split up in 20% Development, 20% Marketing and Design, 10% Third party partnerships.

thanks for the explanation...


so, there is less VRC coins in motion but still the price is declining? lol.. This is truly a beautiful p&d coin that never cease to amaze

Might have been better to have a higher percentage in the stake endowment fund.  Would have tied up more ICO  VRC and maybe raised VRC price.

[warr1979]

WHATS GOING ON VERICOIN TEAM ?? WHERE IS THE PR ETC?? YOU F*** YOUR EARLY VRM SUPPORTERS ...lol

I don't know if coin desk approved it but it should be posted on the vericoin websites here and vericoin forum

[pnosker]

WHATS GOING ON VERICOIN TEAM ?? WHERE IS THE PR ETC?? YOU F*** YOUR EARLY VRM SUPPORTERS ...lol

The PR has been submitted, we're not sure why it isn't live yet.

[dolores12]

WHATS GOING ON VERICOIN TEAM ?? WHERE IS THE PR ETC?? YOU F*** YOUR EARLY VRM SUPPORTERS ...lol

The PR has been submitted, we're not sure why it isn't live yet.

even PR can't help so much , the investors  at 16 range will never see a profit...project is busted !!! ico structure is bad, marketing is.... lol ...move on ppl 

[vtec2liter]

Hold up Omg guys! Everything is taking a dive. There is an Etherium run right now and bitcoin is taking a dive. This is a long term investment (years) Ive been here over 2 years and I for one have made thousands of USD in that time. Rome wasn't conquered in a day.

[Wilhelmer]

WHATS GOING ON VERICOIN TEAM ?? WHERE IS THE PR ETC?? YOU F*** YOUR EARLY VRM SUPPORTERS ...lol

The PR has been submitted, we're not sure why it isn't live yet.

even PR can't help so much , the investors  at 16 range will never see a profit...project is busted !!! ico structure is bad, marketing is.... lol ...move on ppl 

Why hello there, the resident FUDder of Bitcointalk.
Good to see that you are still doing your job 

Now be a good FUDDER and bring the price down for us

[rakesh1_90]

Okay i bought in. 

Time for Vrc now.