A conservative number of supply is 100 mil simply because that's what's already in place, not pending mining nor issuance.
And looking from a positive perspective, that's $4 billion market cap.
That's not expensive if Bitcoin will go to over $80 bil and Ethereum to over $60 bil.
I can't agree to that estimation. The description in the crowdsale was quite clear; They were described repeatedly as the equivalent of Gift Cards. The tokens are for purchase of services from Veritaseum. The reserve of unsold tokens were stated to be for large institutional buyers. Those purchases of VERI would predominantly be for purchasing Veritaseum's services. So I don't see those making it to market. Ever.
Veritaseum's crowdsale is different enough you must examine the nature of the token carefully to understand the value. Saying there are 100 Million tokens on the market is NOT true. Based on Veritaseum's stated business model, I don't expect we will see these reserve tokens on the market.
I also cannot agree that Veritaseum's market cap represents $4 billion. I think it is conservative to say their valuation is $498,928,142, definitely some room to grow, especially when the additional services come online. This is easily doable for a startup disrupting a traditional industry. Look at Uber, or AirBNB for instance.
Until there is a new statement from Veritaseum on the reserve Tokens I will stand by this analysis. I also believe that VERI is not tied to the price of Ether for it's valuation. So projecting $60 billion for Ether doesn't matter.
