Quote from: crossing on November 10, 2017, 08:48:39 AM

Quote from: Ant1Tr0ll on November 09, 2017, 07:52:10 PM

Quote from: crossing on November 09, 2017, 02:46:41 PM

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.

Thank you for your reply Ant1Tr0ll
So if VERI sells them out again (to whom? customer or ?) in what form will this happen? Veri sells directly to customers? If yes then there will be no VERI tokens on any exchange anymore and you cannot buy it on etherdelta for example because there will be no more VERI tokens there. The result will be no more supply-demand price determination on an exchange? Those 5000 tokens go directly from VERI to customer through Veri. Not etherdelta. Then there is no need for any exchange market like bittrex, polinex etc...........

I am trying to understand the life of a token and where it exactly goes from point A to point B to point C etc........When VERI has the 5000 used tokens will these 5000 tokens find its way back to any exchange like etherdelta or others?
crossing

Veritaseum has entered into a Memorandum of Understanding with Jamaica Stock Exchange. My guess is they'll probably be available for repurchase there once that exchange is up & running. It shouldn't be too much longer now. Big things coming! Grin

Oh... & did you see the picture on Reggie's twitter page (just posted about 40mins ago) of him shaking Obama's hand at their meeting in DC a few weeks ago? Change is a comin' to capital markets - Veritaseum style !!! Grin