I do not understand what this coin is for. Web site looks like a blog with ugly template. Is this coin fundamentally strong and provide some useful service, why it grows so much? Or is it a speculative growth and it will drop to hell one day?
He he he he. Sorry couldn't help it. Lets disseminate this:
1. Web site looks like a blog with ugly template
Some of us have sent this sentiment to Reggie directly. Although I couldn't care how the website looks like I agree with the sentiment that first impression counts. There was even one offer at Veri Slack from one user to do their web page for free. And Reggie asked back if he can code in Joomla as well. Do not know what happened though.
2. why it grows so much?
Unlike many other assets/coins VERI growth is mostly organic. This does not mean that there are not some speculations though. The latest growth was due to announcement from the 30th (
https://twitter.com/ReggieMiddleton/status/880804430655782912) about using VERI at Jamaican Stock Exchange (JSE). Read more here
http://www.cryptocoinupdates.com/update-from-reggie-middleton-veritaseum-is-taking-jamaica-to-the-next-level/To summarise: Any digital assets on JSE will be traded using VERI as the underlining engine
3. Is this coin fundamentally strong and provide some useful service,
Veri is not a currency or classical token. What it gives you is a "gas" to use software services which Veritaseum is building and will be building in the future. Reggie (CEO of Veritaseum) is known as the man of integrity. He mentioned JSE trip sometime at the beginning of June. His result was published on his twitter and elsewhere in the form of signed contract with JSE. Couple of days ago he also mentioned, that he is making a deal with another top 10 stock exchange. Knowing his previous work it is almost guaranteed that he will strike another deal. Veri has some unique and novel features like renting their token to others to use Veri services (decentralised exchange, peer2peer exchanges, investing in other assets/digital currencies using advanced analytical analyses are just some examples that will be build or are already in alpha/beta stage). On the top of that they also have at least one (that I am aware of) patent which provide them some edge against the other tokens/digital currencies. One of the patents is listed here:
https://patents.google.com/patent/WO2015171580A1/en?assignee=Veritaseum.
You have many more examples and explanations about what VERI exactly is here on this discussion thread (I know that it has almost 70 pages but it is worth reading), at Veritaseum "ugly" website, their white paper and many good youtube videos created by Reggie and others. This token is one of rare gems out there. Most of the tokens will be dead in couple of months or withing two years. What you need to realise is that Tokens = startup company. And how many of them succeed and survive? Good code means nothing if there is not good leadership knowing about internals of finances and being at home in financial world. Reggie's has good financial background and good character. On the top of that: He is the man of word. If he says something then he means it.
If anyone wants to add something please do so. Only educated holders are good for the community, VERI and Veritaseum.
I am glad someone mentioned that... now the question I have is this: How are the Veri tokens used as "gas" to enable access to the autonomous computers, yet not consumed and thus enabling the tokens to merely be rented while the owners still retain possession?