About the name "VeriCoin" (I really don't know if the name VeriCoin came from the "Very" word or if they had this concept of "Veri"... but as a curiosity here it is)
veri & ver: These ROOT-WORDS are VER & VERI which come from the Latin verus which means TRUE & GENUINE. To complete the meaning of VERism (No. 14), the VERist (No. 15) who believes in VERism calls it realism & impressionism. Ugliness does exist in life and so do vulgarity and other evils. Therefore they belong in the picture, the true picture of life. In one of Frank Stockton’s stories he has a character who is called the Very Imp (See No. 19). Not once in the story is he called Imp. Always Very Imp.
Verify: VER ify (ver i fie) v. To prove to be true; confirm
Verificate: VERI ficate (ver’ i fi kate) v. To confirm; to verify
Verifiable: VERI fiable (ver i fie’ a b’l) adj. Can be verified
Verily: VERI ly (ver’ i lee) adv. It is truly the truth; certainly
Verification: VERI fication (ver i fi kay’ shun) n. Proof; the act of proving to be true
Verisimilar: VERI similar (ver i sim’ i lar) adj. Having the appearance of truth
Verisimilitude: VERI similitude (ver i si mil’ i tude) n. The likeness of truth; probability
Veridical: VERI dical (ve rid’ i k’l) adj. Truthful; veracious; as, a veridical statement
Veridity: VERI dity (ve rid’ i ti) n. Genuineness; truth
Veridicality: VERI dicality (ve rid i kal’ i ti) n. Quality of being veridical
Verism: VERI sm (ver’ iz um) n. The doctrine that the ordinary is preferable to the heroic in artistic terms
Verist: VERI st (ver’ ist) n. One who believes in verism
Veritable: VERI table (ver’ it a b’l) adj. True
Veritability: VERI tability (ver i ta bil’ i ti) n. The quality of truthfulness
Veritas: VERI tas (ver’ i tas) n. Latin word for truth
Very: VER y (ver’ ee) adj. Exact and absolute; as, real and very justice
Verifier: VERI fier (ver’ i fie er) n. One who verifies the truth
Of the dev's can say something it would be nice. If it came from twist with the phonetic from Very to Veri I've got to say that they got lucky because the meaning is VERI nice