You are mistaking utility tokens with stock shares. You imply that burning 98M tokens will or should equate to a 50x increase in price, and that's ridiculous. Burning the tokens will not change the current supply/demand dynamic on exchanges.
His actions have alleviated the scam accusations. He has a working beta and continues to work on business development and increasing the utility of the token and platform. He has done nothing to even hint at squandering ICO funds or liquidating any of the 98M tokens in inventory.
And the price of using the VEADIR has increased, last I saw 1 VERI bought about 6.5 ETH of exposure. I expect him to continue to adjust the price in the future.
EDIT: The price of VERI end of Dec - early January was just under $500, an ATH, but the token quantities have not changed in the past 2-3 months. What is the evidence to support your (il)logic that "The price of VERI is where it is now is because of Reggie's greed with his 98 mil reserve token."
Why does utility token has anything to do with the market cap?
**I am expecting some bullshit nonsense as justification for referencing the market cap to be coming my way.***
If you cannot compute the value of the utility token and just assume the price will skyrocket to infinite level, then what are you?
1.
The value of the token will not go beyond the utility value of the token.2.
And the utility value of the token is still determined by the 98 mil supply in reserve.If you cannot understand these 2 simple points, then you cannot understand anything else.