Post
Topic
Board Announcements (Altcoins)
Re: VERITASEUM DISCUSSION THREAD
by
Ant1Tr0ll
on 09/11/2017, 19:52:10 UTC
When, for example, a company uses 5000 tokens for Veri purposes.  They insert (so to speak) these very-coins into the Veri machine (so to speak).  Then what happens to these used 5000 tokens?  I think they then belong to Reggie/Veritaseum?  The big question = how do these 5000 used-coins come back into the market or exchange or wherever?  Will Reggie sell them through a Veri-dashboard (like Salt)?  
I have no idea how the veri coins get sold again and again and again and again and who/what determines the new sales price for the used coins.  Where does new demand buy the used tokens?

crossing

As I understand it, they go back to Veritaseum for redistribution. VERI then sells them out again. It's in the company's best interest for all of the utility tokens to be put to use, thereby increasing network effect & benefitting from metcalf's law. Just like it benefits world of warcraft company to have more users of their game/platform. Value goes up exponentially as more people use the platform & there are more players. Just like there's more value to Facebook as there are more users of its platform.

VERI wil be in high demand once the platform gets up & running & people start to see the utility value/valuable use cases.