1. What percentage of the VRM supply will be available for ICO?
2. What will the ICO funds be used for?
3. And what is the incentive for people taking part in the ICO?
Can somebody from the dev team please answer these 3 questions? I am sure a lot of people want to know the answers. Thanks you very much.
1. What percentage of the VRM supply will be available for ICO?
Still determining this based on mining requirements etc.
2. What will the ICO funds be used for?
The funds will largely be saved for long term usage on likely infrastructure, development, projects and collaborations. All usage of funds will be publicly and transparently voted for by the core community at vericoinforums.com, which anyone can be a member of. There are some post requirements and such for voting though.
3. And what is the incentive for people taking part in the ICO?
The ICO will likely be a first come, first serve tiered discount (probably starting at 40% discount) on what we estimate the value of Verium to be based on the 10x lower total supply ratio with VeriCoin and it's price at the time of the ICO.