Re: VERITASEUM DISCUSSION THREAD

1 ETH = 30 VERI

What would happen to the rest of VERI not sold?

Right now they sold 23,938 = 718,140 VERI

Is there a minimum cap required?

The address to see tokens issued from ether is here https://etherscan.io/token/0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374?a=0x82c48875c17ee5812f909a9d75c0f64f7a8719fe

There was a bonus in the first days of the token issuance, currently 866,021 veri have been distributed.

The remainder that are unsold are retained by veritaseum. It is understood that these will be offered to large investors at a future date - as the VERI are the only way to access the research and services.

While other tokens have been issued in the crypto currency space with burns at the end of an ICO. I believe that by retaining these after the initial sale this is a demonstration that the company will be able to raise cash to cover burnrate and service interested parties that wish to acquire the VERI after they are demonstrably useful.

Thanks for the answers, but for future offerings they have the remaining 49M, no?

In the Tear Sheet document you can find informations about use of digital assets. 51 million is only a maximum amount. There will be quite heavy part dedicated to institutions. There surely won't be so great amount in actual use. Also redeeming process will be a mechanism for Veritaseum to manipulate price in favour of better development of the platform.

How many ppl actually translated these documents: Tear Sheet and Pathogenic Finance?

Here is Polish versions of Tear Sheet and Pathogenic Finance if anybody would have opportunity to spead it.