Re: VERITASEUM DISCUSSION THREAD

Sorry if this has been answered before but what is Reggie planning to do with the unsold remaining tokens? Im loving this project and all the progress that has been made.

As far as I can remember it will be used for testing and gradually sold off to large corporate entities, wealthy families, etc. that will actively use the software. A portion will also be used for marketing and to compensate VERI staff.

To be exact: "Research and Development 30%; Sales, Marketing, Business Development:30%; Operations: 13%; Legal: 10%; Reserves: 10%; DAO liquidity provisions: 7%" (https://drive.google.com/file/d/0By5WJsM3KjltOGJHYS1HT3Uyczg/view)

So basically any unsold token can be dumped into market as it isnt in escrow?

The tokens are our product, which we sell for profit. There is no "market" to dump them in from my perspective, for there is no common pool of earnings that will be diluted by the issuance of new tokens. As long as the tokens sold (or even given) are being put to active, productive use, the value of the tokens increase as per Metcalfe's law and the network effect. You seem to be confusing our prepaid fees with stocks.