Tuesday, 25 April 2017
Monday, 03 April 2017 13:25

This Is Ground Zero for the 2017 Veritas Offering. Purchase the Keys to the P2P Capital Markets Featured

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Getting Started Down the Road to Purchasing the Keys to the Peer-to-Peer Capital Markets

Veritas sale date: 9:30 am, April 25th, 2017

This Veritas Offering Summary is available for download and sharing with live links. A step-by-step guide to purchasing Veritas can be downloaded here.

The Veritaseum token offering - Veritas - is now available for sale (as of today, 9:30 am, eastern standard time - 4/25/2017). If you are already familiar with Veritaseum and our tokens offering, you can proceed directly to our purchase instructions (by downloading purchasing our tokens, you assent to our Term and Conditions and Purchase Agreement). Click here to proceed to the Veritas 2017 Token Purchase: Step-by-Step Tutorial

For those who prefer a quick primer on Veritas, please proceed to the Veritas Informational Tear Sheet with live links to a plethora of information. 

A long form, interactive presentation can be found  here in the form of a virtual roadshow - Informational Presentation. To get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be.

A last minute Q&A and AMA (ask me anything) video on the Veritas sale can be found here

Veritas Deal Sheet

An Executive Summary

Informational PresentationTo get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be.

Veritas Product Purchase Agreement

Terms & Conditions of the Veritaseum 2017 Veritas Sale

Veritas 2017 ICO Purchase: Step-by-Step Tutorial: How to get started on April 25th, 2017

This is the Veritas Crowdsale landing page where you will find instructions for buying the Veritas ICO, to be launched at the US markets open - April 25. 2017, 9:30 am, EST. Below, please find a cornucopia of informational videos and presentations to bring you up to speed on Veritas, Veritaseum and our future prospects and plans. This is a very.... unique offering.

Come back here on the 25th of April for more information and the links necessary to access  our crowdsale and initial coin offering smart contracts, be ready to get started! In the meantime, come and find out why we're so excited about this... transformation of capital markets...

 

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Read 2151 times Last modified on Tuesday, 25 April 2017 11:25

19 comments

  • Comment Link Reggie Middleton Tuesday, 25 April 2017 06:47 posted by Reggie Middleton

    @François-Guillaume RIDEAU

    I feel the need to dispel multiple misconceptions in your comment. See below…

    What is the ICO pricing ?
    Veritas is priced at 0.033 eth, with a sliding discount scale.

    51Million VER issued out of 100Million? is it an auction ?
    Yes, that is the amount, and it is not an auction. It is a software sale.

    https://drive.google.com/file/d/0By5WJsM3KjltWTNGbUp6d19lXzA/view
    in the Veritaseum token tutorial it says that "One VERI Token costs 0.0333 Ether. so for one Ether you get 30 VERI Tokens!". i see nowhere else mention on this price. How do we know for sure this is going to be the exchange rate ? when submitting the sale through ETH wallet
    The tutorial gives you the price, and it als gives you the smart contract address, which gives you the exchange rate pricing. There is also a link to the github where the contract code s stored, so you can actually review the code yourself if you desire.

    BTW, based on a ETH token price of 50 USD, that means the valuation of VER is 100 * 50 / 30 = 166M USD. and that you are trying to sell 51% of it, around 85M USD.
    You cannot value the software in such a linear and simplistic fashion. This is not a stock or securities sale and you cannot take the pricing of Veritas available for sale and extrapolate it to the total in existence to come with what looks like to some would be an enterprise value. Again, we are selling software, not securities. Think of attempting to “value” Microsoft Excel by using this simplistic formula. In 2010, Microsoft alleged that a billion copies of Office installed across the globe. With an average price of $150, that would value just the installed base at $150 billion, but what you are doing distorts this number further. You are applying that sales multiple to unsold copies of the software. Thus if MSFT planned on selling another billion copies of Office, you are literally extrapolating that number to say that MSFT is worth $300 billion on just its office software - ignoring its arguably larger Windows, licensing, cloud and other franchises. Adding just some of those in, you get an even larger number for Windows, say $400 billion, servers and software, $300 billion, cloud services and other, $250 billion. Add this up, and you get $1.25 trillion for a company (derived solely from guessing what software may be sold in the future and attempting to place an equity-like value on it) with a market cap of about $529 billion today. I go through this exercise in an attempt to illustrate the futility of trying to extrapolate software sales into some type of equity valuation. To be clear and to reiterate once again, we are selling software, not securities!

    Excuse me, but thats a very bubbly valuation for a "token", not even shares, so with very vague rights, for a software product which doesn't exist anywhere else than a beta version, so effectively 0 paying customers. How many lines of codes ? is it on GitHub ?
    Once again, it is not a valuation, it’s a price for software. There are no rights other than the right to access software that has yet to be completed or ported, and to redeem for our analytical services. These rights are definitively not that of those who would buy and hold securities, and Veritas is not being sold nor marketed as such.
    Lines of code have nothing to do with the value of the project, but we have many, many thousands - 5 people have been working on this for 3.5 years. Our GitHub is available by search for Veritaseum, but the repositories are private.

    Some tokens for "decentralized prediction markets" have a higher valuation of that, but thats because of market speculation. They weren't able to sell that much in the ICO... Actually GNOSIS ICO is going on (at a crazy valuation) but they're selling only 10-20M at a time....
    Those figures are irrelevant. The amount of software that we are making available is to sate demand for years, not for a short term pop. You are, again, attempting to look at this as an IPO-like transaction, and not a software sale. If you were to actually attempt to value these projects, you should be factoring in IP ownership, IP protection and patents/patents pending, existing codebase, the team, addressable market, etc. Instead, it appears as if you are trying to extrapolate token prices. There is a distinct difference between price and value, alas I’m drifting off topic since the premise of this entire communication is that we are selling software.
    Because we are allowing the buyers of our software to resell the software at will (just as you can a Microsoft Excel product), there will be fluctuations in price that are outside of our control. What has happened in many historical instances was the purposeful restriction of supply to squeeze the perception of demand, causing 3rd party transactions to see a strong pop in price (not necessarily value). This is a trick that has been used in many tech company IPOs, to reward early speculators - resulting in very volatile trading and unstable prices until additional supply has been added to the market reference Risk in Low-Float Stocks - Global Economic Intersection
    and Asset Float and Speculative Bubbles - Princeton University. This also goes very far in confusing and blurring the line regarding what is being offered (in regards to the ICO sales).
    Since we are planning for the long term and are not dealing with securities (or investments), we are not taking this path.

    btw, i see no buzz at all in reddit/ethtrader which gives some temperature of ICOs, i see also that as worrying.
    While we will happily take, and will pursue, the interest of those on Reddit and Ethtrader, we are aiming our resources at developing the interest of buyside Wall Street institutions - hence the need for ample supply to sate the need of the world’s largest consumers of capital services should that need be successfully stimulated.

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  • Comment Link François-Guillaume RIDEAU Monday, 24 April 2017 20:26 posted by François-Guillaume RIDEAU

    what is the ICO pricing ?
    51Million VER issued out of 100Million ?
    is it an auction ?
    https://drive.google.com/file/d/0By5WJsM3KjltWTNGbUp6d19lXzA/view
    in the Veritaseum token tutorial it says that
    "One VERI Token costs 0.0333 Ether. so for one Ether you get 30 VERI Tokens!"
    i see nowhere else mention on this price. How do we know for sure this is going to be the exchange rate ? when submitting the sale through ETH wallet

    btw, based on a ETH token price of 50 USD, that means the valuation of VER is
    100 * 50 / 30 = 166M USD. and that you are trying to sell 51% of it, around 85M USD.

    Excuse me, but thats a very bubbly valuation for a "token", not even shares, so with very vague rights, for a software product which doesn't exist anywhere else than a beta version, so effectively 0 paying customers. How many lines of codes ? is it on GitHub ?

    Some tokens for "decentralized prediction markets" have a higher valuation of that, but thats because of market speculation. They weren't able to sell that much in the ICO... Actually GNOSIS ICO is going on (at a crazy valuation) but they're selling only 10-20M at a time....

    btw, i see no buzz at all in reddit/ethtrader which gives some temperature of ICOs, i see also that as worrying.

    Despite all my respect for your work and your personality I won't touch it. I've been following the crypto market for a while now, and there were much better deals, and there still are. I think you're being too greedy here. Good luck though to you. and especially to the investors, they need even more luck than you.

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  • Comment Link Reggie Middleton Monday, 24 April 2017 18:44 posted by Reggie Middleton

    @Eric The purchase instructions as presented here: https://docs.google.com/document/d/1n94NIDg_QIxWW4LcDC46VMNqt-h_c4VPMcOCn9BCsUE/pub

    Get MyetherWallet (if you are not thoroughly experienced in Ethereum).

    Fund with Ether. If you do not have Ether, you can swap Bitcoin for Ether using the "Swap" facility of the wallet. This is relatively expensive as compared to trading BTC for ETH in an exchange such as Poloniex or Coinbase, through. The utility is there for convenience or if you don't have an exchange account.

    On 25th, at 9:30 AM, you can swap/purchase Veri tokens by sending in ETH to the Veritas Purchase Smart contract as described here https://docs.google.com/document/d/1n94NIDg_QIxWW4LcDC46VMNqt-h_c4VPMcOCn9BCsUE/pub . USing MyEtherWallet.com is easiest. DO NOT use Shapeshift.io for if you send ETH fom there the VERI tokens will be sent to Shapeshift.io, not to you. You must own, possess and control the wallet that you send your ETH from and interact with our smart contracts from.

    Veri tokens are Veritaseum's internal programmable tokens needed for it's smart contracts,, financial machines and advisory services.

    You cannot use VERI tokens to for buying/selling goods locally or internationally since it is not a fungible currency (or at least that is not what we are selling it as). We are selling it as keys to our Fintech solutions and advisory services. You can freely trade VERI tokens on any exchange that may list them and/or freely trade them with other individuals and entities - and you can trade them for whatever said party is willing to give you inreturn, but alas, that is not what we are selling them for or selling them as.
    Buy Ether or Bitcoin
    Swap for Veri
    Do trade contract
    Swap back to Ether or Bitcoin
    Convert to local currency

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  • Comment Link Eric Monday, 24 April 2017 02:54 posted by Eric

    Am I following correctly?

    Get MyetherWallet
    Fund with Ether or Bitcoin
    On 25th can swap/purchase Veri tokens on MyEtherWallet.com or shapeshift.io

    Veri coins are Veritaseum's internal programmable coins needed for smart contracts.

    In order to get funds in/out system for say buying/selling goods internationally?
    Buy Ether or Bitcoin
    Swap for Veri
    Do trade contract
    Swap back to Ether or Bitcoin
    Convert to local currency

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:30 posted by Reggie Middleton,

    @David Emmanuel there are step by step instructions located here . They are currently in draft form but will have all relevant info included on the day of the sale
    https://drive.google.com/open?id=0By5WJsM3KjltWTNGbUp6d19lXzA

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  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:29 posted by Reggie Middleton,

    @David Emmanuel there are step by step instructions located here . They are currently in draft form but will have all relevant info included on the day of the sale
    https://drive.google.com/open?id=0By5WJsM3KjltWTNGbUp6d19lXzA

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:27 posted by Reggie Middleton,

    @KennethH The colored coin token holders will be given the option. To convert to the ERC20 tokens at a preferential rate. They can't be dilutive for this is software, not stock, but it will be subtracted from the total ERC20 tokens available, hence will not add to the total.

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:27 posted by Reggie Middleton,

    @KennethH The colored coin token holders will be given the option. To convert to the ERC20 tokens at a preferential rate. They can't be dilutive for this is software, not stock, but it will be subtracted from the total ERC20 tokens available, hence will not add to the total.

    Report
  • Comment Link Keith Metcalf Friday, 21 April 2017 04:26 posted by Keith Metcalf

    A what is the benefit of investing in simple terms please?it looks very clever but I am not so please keep it simple
    Thanks.

    Report
  • Comment Link David Emanuel Friday, 21 April 2017 00:18 posted by David Emanuel

    How can i particpate? Am based in Australia and want to chuck in $50

    Report

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