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?
Strictly speaking yes, but they will not just dump tokens as that will crash the price if not backed by increased usage of the software and/or an increased demand for VERI tokens. Any additional tokens released into the market will most likely come with users who will use the software - the more users who use the software, the better, especially large families and corporates. It will increase the value of all tokens. It is called the network effect.
You will see from the circulating supply here that Veritaseum is not releasing tokens onto the market in a reckless manner:
https://coinmarketcap.com/currencies/veritaseum/ You must remember that VERI tokens make it possible to use the software (and to buy research reports). It can be compared to the licenses Microsoft issues to users who intend to use their software. It is not something that should be frown upon when the company that develops the software has control over the bulk of the supply.