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Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 72. (Read 1356140 times)

hero member
Activity: 564
Merit: 500
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
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
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 Smiley

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.
legendary
Activity: 1111
Merit: 1000
crypto-enthusiast since 2012
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 Smiley
sr. member
Activity: 420
Merit: 250
WHATS GOING ON VERICOIN TEAM ?? WHERE IS THE PR ETC?? YOU F*** YOUR EARLY VRM SUPPORTERS ...lol
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
pnosker Admin 15:05

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

Could be virus filled wallets.
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
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.
hero member
Activity: 596
Merit: 500
F*CK WHALES!
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.
legendary
Activity: 1111
Merit: 1000
crypto-enthusiast since 2012
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
hero member
Activity: 546
Merit: 500
We will pump hard to over 15k sats once Coin desk and other PR comes out..
Mark my words
newbie
Activity: 11
Merit: 0
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.
hero member
Activity: 658
Merit: 500
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
hero member
Activity: 596
Merit: 500
F*CK WHALES!
Oh wait.... new low 8891 sat. Why still dump!!!??
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
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 Huh That's why I thought they were capping the total amount of VRC.  So yeah, 25% of VRM changes all my previous calculations  Tongue.  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.
hero member
Activity: 658
Merit: 500
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
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
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.
sr. member
Activity: 504
Merit: 250
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.
full member
Activity: 210
Merit: 100
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.
That's what I was thinking, people will wait til the end to see how it scales.
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
counter is up on bottom of page, count is now more accurate and slightly less than we estimated previously
http://www.vericoin.info/ico.html

Nice work. This will be interesting to watch.

Will be fun to see how the ICO goes the next two weeks Cool
Exciting times ahead  Cool
hero member
Activity: 658
Merit: 500
counter is up on bottom of page, count is now more accurate and slightly less than we estimated previously
http://www.vericoin.info/ico.html

Nice work. This will be interesting to watch.

Will be fun to see how the ICO goes the next two weeks Cool
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