Re: [ANN][VRC] VeriCoin PoST Currency | [PRE-ANN][VRM] Verium PoWT Reserve

When is the Verium wallet downloadable? And do you need to update the vericoin wallet the 20th to do the swap?

The Verium wallet will be released after the ICO, the exact date is not yet determined but not long after after ICO ends. To partake in ICO you need the current VeriCoin wallet available now at http://www.vericoin.info/ to generate a Verium public and private key pair for import into the released Verium wallet. There will be a walk through on those steps as we get closer to ICO but you can export and generate this key pair very easily in the current wallet 1.6.5 via the file menu export private key option. Verium and VeriCoin keys are the same format.

Thanks for info.

Can you explain how the ICO will work ? How will VRC in an address be subscribed for Verium ?

There will be a web interface that will present you with a VRC address for which you can perform one send to for the ICO. Then you will submit a VRC public key address into the site and that will be the address that you receive the Verium at when the wallet is released. You can either use a currently existing VeriCoin address or generate a new one, but you must do it in the wallet so you can export the private key via the file menu for import into the Verium wallet. VeriCoin and Verium addresses are the same format. The same public key and private key pair can be used on either blockchain.

Thanks. Just to be sure , does the VRC to be sent to the ICO address have to be in the current VRC 1.6.5 wallet ? (ie not possible from an exchange, or a javascript client in a browser etc )