Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve
by
FANCIER
on 23/06/2016, 20:56:33 UTC


What does everyone think of this idea? We have not made any decisions yet, but this will definitely play into it.

In addition to this, as effectsToCause mentioned earlier, we have proposed taking 50% of the ICO funds and donating it to our VeriFund endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx. This address is only going to be used to stake perpetually. No donated coins will be used for funding anything. Only interest made off staking will ever be used to fund and support VeriCoin. Consider it a staking burn address where you know your donation will never help reduce the price of VRC.

A good idea.

Question:
Who will manage VeriFund.? ( one person? multisignature?)