Dev's are releasing this soon before Phase 2 of ICO, they want to be transparent and honest with all investors and future investors.
Trust is a hard thing to come by in the alt coin scene, Vericoin/Verium devs have proven time and time again they are the real deal
phase 1 is too generous compared to phase 2 - lots of bad blood in communities where perception is the 'insiders' get most of the good deals
"Insiders" as in people active in the community, the devs wanted to make sure that people who have been active in the community get first dibs. Most of the Vericoin community isn't on BTCTalk but at www.vericoinforums.com. The average buy in was 10,000 VRC for Phase 1
looks like we agree on what an 'insider' is, but my point remains - bad blood always flows when insiders get a better deal than other investors, and it's proportional to how much better the insider deal was. In this case phase 2 offer is very inferior, so those who missed out on phase 1 will be pissed off
how many hours was phase 1 active for?
Minimum price of 10 VRC puts market cap out of top 100. Veri Unlikely for new PoW(T) algo.
Countdown timer for Phase 2 here. http://www.vericoin.info/ico.html