Author

Topic: [ANN][VRM] Verium PoWT | CPU mining | scrypt² | Scaling | New Roadmap Released - page 117. (Read 250025 times)

hero member
Activity: 658
Merit: 500
Is there going to be a press release at the end of the ICO and to announce mining is open for business?
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
What happens if less than 3.5million VRC are raised in ICO Phase 2 and the minimum price of 10 VRC / VRM will not be reached?
The price will be 10 VRC / VRM. It does not need to be reached, it's already there.

Lets assume only 3million VRC are raised at end of ICO. Price will be 10 VRC / VRM. Totals 300.000VRM.
What happens with remaining 50.000VRM?
Read this post https://bitcointalksearch.org/topic/m.15838630
sr. member
Activity: 647
Merit: 260
What happens if less than 3.5million VRC are raised in ICO Phase 2 and the minimum price of 10 VRC / VRM will not be reached?
The price will be 10 VRC / VRM. It does not need to be reached, it's already there.

Lets assume only 3million VRC are raised at end of ICO. Price will be 10 VRC / VRM. Totals 300.000VRM.
What happens with remaining 50.000VRM?
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
What happens if less than 3.5million VRC are raised in ICO Phase 2 and the minimum price of 10 VRC / VRM will not be reached?
The price will be 10 VRC / VRM. It does not need to be reached, it's already there.
sr. member
Activity: 647
Merit: 260
What happens if less than 3.5million VRC are raised in ICO Phase 2 and the minimum price of 10 VRC / VRM will not be reached?
hero member
Activity: 658
Merit: 500
where to get the test wallet?

We are doing a couple days private testnet, then if all goes well we will release testnet wallet. We want to do some network tests first.

Looking forward to it ;-) Verium Vault looks great!
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
where to get the test wallet?

We are doing a couple days private testnet, then if all goes well we will release testnet wallet. We want to do some network tests first.
legendary
Activity: 2716
Merit: 1094
Black Belt Developer
where to get the test wallet?
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
Testnet up and running great!
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
Total VRC raised in phase 2 so far, which results in a 10 VRC/VRM price currently: 910443.20943705 VRC
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
Total VRC raised in phase 2 so far, which results in a 10 VRC/VRM price currently: 839969.14899591 VRC

ICO Ends in:
14   :   04   :   21   :   33
Day      Hr      Min      Sec

hero member
Activity: 658
Merit: 500
Coindesk press release just approved and paid for, should be published soon!

Coindesk press release live!

https://twitter.com/coindesk/status/760974943714705408
hero member
Activity: 761
Merit: 505
VeriCoin & Verium Creator/Developer
Coindesk press release just approved and paid for, should be published soon!
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
full member
Activity: 207
Merit: 101
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
815011.29061128 VRC collected in Phase 2 at the moment.
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
pnosker Admin 15:05

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

Could be virus filled wallets.
hero member
Activity: 658
Merit: 500
@Dev,so are you going to give up the development of VRC?

No VRC will work together with VRM. You get more security, faster transaction times and lower fees in VeriCoin (the currency) through Verium (the reserve commodity).

Ask yourself this question: Why would they raise VRC in the ICO if they were giving up on the development of VRC?

Duh!?! Lol

Vericon - Currency

Verium - Reserve Commodity

For some reason people are having a hard time understanding this concept even tho the American dollar was based on this very principal before the 1930's and around the world. The gold standard allowed you to exchange your dollars for gold or gold for dollars backing the "green back" and giving it value. When it was removed only people's confidence gave the dollar inherent value.

Verium will be swappable instantly to Vericon in wallet to spend and then swappable back to Verium to store like a gold vault. Vericon is the currency because it's fast to spend and transfer, Verium is hard to mine and hard to spend(slow). This solves Bitcoin issues without needing a third party to be the middle man, everything is done on the block chain and is decentralized.
legendary
Activity: 1092
Merit: 1000
Hyperspace snail
@Dev,so are you going to give up the development of VRC?

No VRC will work together with VRM. You get more security, faster transaction times and lower fees in VeriCoin (the currency) through Verium (the reserve commodity).

Ask yourself this question: Why would they raise VRC in the ICO if they were giving up on the development of VRC?
Jump to: