Quote from: effectsToCause on June 27, 2016, 10:42:20 AM

Quote from: Xosihc on June 27, 2016, 07:27:43 AM

Quote from: effectsToCause on June 23, 2016, 06:49:21 PM

Quote from: pnosker on June 23, 2016, 06:37:03 PM

We have created a stake-only endowment: VFEndownxxnHea9mv59kZx8c7TysGbndYx

All funds donated to this will be staked perpetually. Only staked interest will be used to fund any VeriFund project.

Feel free to send any donations in and get this baby going! The donated funds will never be sold/traded/given away/used for projects. Only interest from it will be.

All ICO funds usage will be voted on by the community, details of voting procedure to come later, but we would like to have 50% of the VeriCoin raised in the ICO to be sent to this endowment and staked perpetually. If you also like this idea be sure to vote for it.

I am all for the idea of having 50% of Verium ICO funds to go to this endowment. How does one go about voting for this? (perhaps this is my verbal vote for it).

Second, I would say I'm not as big of a fan of rewarding long time Vericoin holders or top 250 wallets with Verium. To me it just seems like it's a 'rich get richer' plot. I understand the idea is to rewards those who have stuck things out good & bad but in my opinion this only hurts those on the outside (who we want to get interested again).

Otherwise I'm very excited for everything going on here. I hope you can release more information (like ICO date) sooner than later and I would also highly suggest having a clear plan before the ICO on what the funds will go towards. It seems in what I've read there is this "we'll figure it out after we get the money" mindset and to me - I'd feel a lot more comfortable investing larger sums of money if I know what the game plan is prior to investing.

Just my 2 cents on everything going on - keep up the good work!

Definitely should get vote done before ICO so people can know what their investment is doing. We should start voting soon. I'll discuss with the team about setting up the voting.

Why don't we do some sort of lottery??

Promotional stuff with some of the VRM have fun with it!!