Everyone is talking about buying before the end of the crowdsale but what is really the disadvantage to waiting for the ICO?
Hi there
There are a total of 5 million Viral. 50% of the coins are sold in the crowdfunding and the remaining 50% will be sold in the ICO. The amount of BTC invested in the crowdfunding determines how much 2.5 million Viral are worth (price discovery). The ICO price will then be set at 30% higher than the discovered price of Viral, thus rewarding crowdfunding investors.
In addition, crowdfunding investors enjoy a range of other benefits, including:
- Private voice chat channel hosted by Adam Guerbuez and community managers
- First mover updates on new opportunities within the Viral ecosystem
- Reserved elite campaigns with dedicated revenue sharing for crowdfunders
- Accelerated path towards Verified status when the Verified component of the Viral network is rolled out.
Hope this helps -
ViralDev
So it won't be mineable? Also you mentioned verified. Does that mean releasing private identifying info? Hope not because that is not the nature of cryptos. Please explain what you mean. Also how are you going to buy coins with ad revenue when all of them will be sold to VIRAL funders? Looks like you will all be eating your own and trading within.
Hi
Thanks for your questions,
Viral will not be mineable. Investors earn dividends by participating in the network as nodes.
In addition, investors are rewarded by the process of sponsor revenues being used to buy up Viral off exchanges, thus reducing the supply of Viral. Here is is the simplest way to understand it:
When Viral contracts with a sponsor to place products within the Viral network, the majority of these proceeds are used to buy Viral on the open market, thus decreasing the total available coin supply and increasing the value of Viral, benefiting all holders (reduced coin supply = increased value) . The majority of these coins are in turn burnt, permanently reducing the supply of Viral. A portion of the coins will not be burnt, but returned to the most active nodes (participants) in the Viral network. The exact ratio of burnt coins to dividend coins will be determined in dialogue with the community.
Verified is not about KYC etc. Verified is a component of Viral due to be added into the platform after the initial Viral Network is in place and functioning smoothly. Verified will offer Viral network participants who have demonstrated consistent social reach in the network a way to monetize that reach. We'll be posting more details on Verified shortly.
I hope this answers your questions.
Viral Dev
I would be very interested in hearing more about this Verified component.
Hi Dev
Just bumping my question a bit since you have not gotten to it. I can see there was a lot of action last night, things were very busy with the crowd funding. If you get time I am still interested in hearing about Verified.
Hi there
Sorry about the delay, i missed your question.
We are still working on the wire framing of Verified, so I don't want to say exactly how the working iteration will actually function when it is in place. But think of it this way:
You are a high performing node in the Viral network. Not only is your initial reach quantifiably strong, but you have build up a visible, demonstrated track record in the Viral network. Others are beginning to find out about Viral through you. You may have the social reach and weight that your Viral activity is producing quantifiable waves within the network, that can be measured by our algorithms. You as a single node, and the set of nodes like you, are an attractive user set - both for sponsors, and for investors in the Viral network that might want to buy into your performance. Essentially, you and your fellow nodes are in an excellent position to become autonomous corporations within the Viral network, entities that others can invest in. Take this situation, build in metrics, base it on transparent block chain technology, and you have Verified.
This is just a very simplified description. But like all viral networks, the evolution of nodes in tandem with the evolution of the network as a whole is a very interesting area. We have seen this in the recent proliferation of 'masternode' concepts in different coins.
Hope this gives a little insight into that area of the Viral road map, and where we are going with Verified. Thanks for asking.
ViralDev