Why, because Reggie created a token to represent some metals that he holds? This was a demo of existing capability. It's not like there is a platform on which to trade these assets or tokens. At best, they can be included as part of the VEADIR portfolio. This will have ZERO effect on the price of VERI aside from any media or hype generated by people who don't realize it means little to the price or utility of VERI. This is not a development milestone, Reggie could have done this months ago.
Sorry, I love VERI as much as the next guy, but this is not something that will boost the price (and it hasn't yet).
Asset tokenization was the main reason why I joined the ICO last year.
If Reggie can do it well enough, that would be the only thing that can boost the price.
Contrary to what many (including Reggie) may think, the VeADIR is
NOT something that can boost the price as many others (i.e. competitors, Reggie was wrong to say there is no competitor, unless he meant to say there is no competitor that does the same thing the exact same way) are already doing the same thing as VeADIR, albeit in different ways, i.e. ICONOMI, Crypto20, Hedge, Crush Crypto Core DAA, etc.
They are all managed investment exposures into crypto assets.
If you think they are not competitors, then please don't tell me why because I am not interested to know why you think they are not competitors.
On the other hand, if you think tokenization of assets will not boost the price, then you can tell me what will.
Because in my opinion nothing will.
VERI is and never will be a tokenized asset trading platform like LAToken. Or at least I have yet to hear any such plans to build such a platform.
The only thing that will make VERI increase in price is use of the VEADIR (and any licensed derivatives, like for the african/jamaican exchanges) which will consume the VERI token. With the VEADIR fee at 5%, if someone wants a $1M exposure, they have to use 625 VERI (at $80/each). Our real hope is that big money starts using VEADIR and that the 5% fees start to really consume the token. Of course the big money is going to probably buy their VERI direct from Reggie.
The VEADIR is similar to the projects you mentioned but it has it's not exactly the same. They will compete on some levels. For one, and probably the biggest standout is the quantity and quality of research used to determine the composition of the VEADIR, and the fact that I'm pretty sure the VEADIR might venture beyond the crypto world to include other veritized assets whereas the others are crypto-only (could be wrong about this). It could be that some day someone publishes performance comparison of these companies, and we'll have to see if VEADIR outperforms them.
I think the other big advantage is that the VEADIR assets and transactions are all on the blockchain and verifiable; whereas with the competitors you own the tokens which represent a piece of a fund but you may have to trust someone that the assets are really there as they report.
