Quote from: Masiah on July 07, 2017, 01:56:05 PM

Quote from: toknormal on July 07, 2017, 06:12:58 AM

Quote from: Masiah on July 07, 2017, 04:25:20 AM

OTC purchases are bought at a premium, currently 10% not a discount.

A premium of 10% over market price ? i.e. you're saying OTC sales are made at 0.75 x 1.1 ETH = 0.82 ETH/ $219 per VERI token ?

Yes

I see only upside in this.

If institutional buyers think of buying cheap at the exchanges to avoid paying the premium, their bulk purchase will move the market significantly, making the OTC price way much more expensive than any premium priced currently. Thus it is beneficial for them to do bulk purchase direct from Veritaseum even at premium. Considering the level of liquidity that we are seeing now with just 2 mil circulating supply, it will be quite a long time before liquidity is minimally sufficient enough for bulk selling. This ensures 2 things: 1) there is no risk of any sharp selloff, and 2) institutions that buy in bulk are assured to be direct consumers of the tokens (instead of traders/speculators).