[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 66.

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: pnosker on June 24, 2016, 08:50:00 PM

Quote from: MAD945 on June 24, 2016, 03:39:22 PM

Pat, Doug, Steve and David. As many have seen from recent ICO's/IPO's some of them are coming out as total scams Waves currently, 40%(12,000+/- BTC) of the ICO funds where withdrawn with no explanation from the Devs or anyone from the Waves team.

Can we get a complete breakdown with what will happen to and what the ICO funds will be used for? How will you guarantee what the funds will be used for and how they will be used, protected and secured? Transparency? Will the Vericoin/Verium community vote for how the funds will be used?

I just want a complete layout of how my investment will be used with as much detail as possible. I trust you guys whole hearted ly but for others who don't know Vericoin or the Dev's please lay it out for them.

Thanks

Yea of course. We haven't yet figured out exactly what we want yet, besides us devs thinking that a staking endowment would be really neat with 50% of the funds.

Roughly, for the other 50%, I think we're considering:

20% for current and future development work (perhaps half of which would be split by the 4 VRC devs for current work, the rest for if we take on any more developers, etc.)
15% for future projects
15% for current and future marketing efforts/server costs/block explorer costs/etc. (would reimburse the past couple years of hosting costs that I paid out of pocket, media creation (such as Bruno's images that are used in the wallet, help pay for the VRC Forums, etc.)

But this is pretty much made up by me on the spot, but I think it's realistic.

Are you saying some of the funds could be used to reimburse you for previous years expenses Huh

. With all due respect that doesn't sound like a good idea.

Wilhelmer

sr. member

Activity: 266

Merit: 250

Is there a updated roadmap for VRC?

effectsToCause

hero member

Activity: 761

Merit: 505

VeriCoin & Verium Creator/Developer

Quote from: aa417444103 on August 17, 2016, 09:25:53 PM

Will open the exchange of VRC/BTC?

VRC/BTC is already open in multiple exchanges, if you mean VRM/BTC that will be up to the exchanges to add.

effectsToCause

hero member

Activity: 761

Merit: 505

VeriCoin & Verium Creator/Developer

Quote from: RJF19 on August 17, 2016, 09:20:14 PM

Question: Downloaded and installed 32 bit Win Wallet but still shows 1.6.5.0 not 1.6.5.1 as shown on the OP. Normal?

if bottom left corner of wallet window says 1.6.5.0, then no something isn't installed correctly. Make sure downloaded installer is 1.6.5.1 and try uninstalling wallet in add remove programs first, then install again.

aa417444103

member

Activity: 107

Merit: 10

Will open the exchange of VRC/BTC?

RJF19

sr. member

Activity: 420

Merit: 250

AKA RJF - Since '14 - On line since '84

Question: Downloaded and installed 32 bit Win Wallet but still shows 1.6.5.0 not 1.6.5.1 as shown on the OP. Normal?

warr1979

hero member

Activity: 564

Merit: 500

Quote from: monsanto on August 17, 2016, 03:37:16 PM

Quote from: FANCIER on August 17, 2016, 03:26:19 PM

Both would be nice.

I agree, which brings up the question: why would anyone not want to be listed on as many exchanges as possible? Huh

Why only one?? Two reason 1) I rather be in a stand up trusted exchange then just any exchange that when it hits the fan your SOL. 2) Volume get spread out. This coin doesn't have much volume so I want to get as much volume and if your on different exchanges it gets spread out which leads to different prices across exchanges and more of and opportunity to manipulate the price

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: FANCIER on August 17, 2016, 03:26:19 PM

Both would be nice.

I agree, which brings up the question: why would anyone not want to be listed on as many exchanges as possible? Huh

FANCIER

full member

Activity: 207

Merit: 101

Both would be nice.

effectsToCause

hero member

Activity: 761

Merit: 505

VeriCoin & Verium Creator/Developer

Quote from: pi933 on August 17, 2016, 02:48:49 PM

I can't seem to vote (just lurk here...). Both would be nice.

I think bitcointalk requires you to be beyond noobie to vote. Preference noted.. Wink

pi933

newbie

Activity: 34

Merit: 0

I can't seem to vote (just lurk here...). Both would be nice.

effectsToCause

hero member

Activity: 761

Merit: 505

VeriCoin & Verium Creator/Developer

Hey guys posted new poll about VRC/VRM pair above ^

Arvydas77

hero member

Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

The price of VRC is moving up while we are approaching the end of Verium ICO. Nice moves Grin

monsanto

legendary

Activity: 1241

Merit: 1005

..like bright metal on a sullen ground.

Quote from: souljah1h on August 17, 2016, 10:22:11 AM

Total VRC raised in phase 2 so far, 1217244.96020050 VRC

ICO ending tomorrow http://www.vericoin.info/ico.html

My bold prediction: phase 2 will still raise over 3.5 million VRC Shocked

souljah1h

legendary

Activity: 1092

Merit: 1000

Hyperspace snail

Total VRC raised in phase 2 so far, 1282213.10307702 VRC

ICO ending tomorrow http://www.vericoin.info/ico.html

souljah1h

legendary

Activity: 1092

Merit: 1000

Hyperspace snail

NOTICE

If you are a Top 250 VRC holder, you need to stake between July 20 and August 19 to recieve your reward. Reward will be 1 VRM for every 500 VRC you hold in your wallet.

souljah1h

legendary

Activity: 1092

Merit: 1000

Hyperspace snail

Quote from: Arvydas77 on August 17, 2016, 08:35:28 AM

Take my part in Verium ICO Wink

Thanks for participating!

Arvydas77

hero member

Activity: 1092

Merit: 504

★Bitvest.io★ Play Plinko or Invest!

Take my part in Verium ICO Wink

Cryptonitex

full member

Activity: 210

Merit: 100

Quote from: MAD945 on August 16, 2016, 10:44:11 AM

Quote from: souljah1h on August 16, 2016, 09:57:12 AM

Quote from: effectsToCause on August 16, 2016, 08:51:12 AM

Quote from: cryptospreader on August 16, 2016, 01:00:58 AM

What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?

A brief overview of current development plans:

-Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO.
-Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses
-After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme.
-Then mining will begin
-We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair. The VRM/BTC pairs will be up to the exchanges to add at their own discretion.
-Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet.
-After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability.

Wow! That's a lot of work, no wonder they didn't have anytime to do any marketing!

We definitely have the hardest working devs Cool

Some good shit is about to come

MAD945

hero member

Activity: 658

Merit: 500

Quote from: souljah1h on August 16, 2016, 09:57:12 AM

Quote from: effectsToCause on August 16, 2016, 08:51:12 AM

Quote from: cryptospreader on August 16, 2016, 01:00:58 AM

What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?

A brief overview of current development plans:

-Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO.
-Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses
-After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme.
-Then mining will begin
-We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair. The VRM/BTC pairs will be up to the exchanges to add at their own discretion.
-Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet.
-After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability.

Wow! That's a lot of work, no wonder they didn't have anytime to do any marketing!

We definitely have the hardest working devs Cool

Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 66. (Read 1356140 times)