Saturday, 15 December 2018

A Analysis

Thursday, 27 April 2017 15:19

Veritaseum Crowdsale Bounty Program

Veritaseum Crowdsale Bounty Program

Veritaseum was built by leveraging disruption, distributive network effects and the power of the crowd. In continuing with this mantra, we’re sponsoring a bounty program for any and all Veritaseum supporters to earn VERI, the token that drives Veritaseum’s products and services.

Reward Structure:

Up to fifty thousand (50,000) Veritas (VERI)  will be rewarded for participating in the following Bounty categories:

  • Bitcointalk Signatures and Avatar: 20%

  • Translation: 15%

  • Blog Posts: 20%

  • Twitter: 20%

  • Facebook: TBD

  • Reddit: TBD

  • Telegram: TBD

To earn VERI, simply accumulate points by the end of the VERI crowdsale (May 26, 2017). At the end of the crowdsale, points for each category will be added up and used to calculate the number of VERI you will receive. The number of VERI you will receive for a particular bounty category is proportional to the number of points you’ve earned in that category.

For example, if:

  • You have 1 point in the Bitcointalk signature/avatar program

  • There are a total of 200 people in the Bitcointalk signature/avatar program who have each earned 1 point

  • At the end of the crowdsale, there are 4,000 VERI allocated to Newsletter Subscription

Then you will earn 4,000 * 1 / 200 = 20 VERI, currently about $380 USD.

Bounty categories, tasks, and rewards

Note: Percentages below are based on a maximum of up to 50,000 initial VERI supply reserved from crowdsale

  1. Bitcointalk Signatures and Avatar

One of the largest pools of VERI rewards, this requires you to add our official signatures and avatar to your Bitcointalk profile to earn VERI.

Rewards and instructions:

a) Register here to participate

b) Add the avatar and the signature based on your rank to your profile.

ORG_DSC09060-1-picsay.JPG

Veritas token logo 200px.png

ve_logo4.png

Website: https://veritaseum.com

c) Participant needs to post more than 10 quality posts per week including at least 1 message on the Veritaseum crowdsale ANN Thread to qualify for the weekly points below. Spam or low quality posts that are removed by administrators will not count.

  • Jr. Member: 10 points / week

  • Member: 20 points / week

  • Full Member: 25 points / week

  • Sr. Member: 35 points / week

  • Hero/Legendary Member: 50 points / week

  • Avatar: 10 points / week

d) Spammers will be banned from the entire bounty program and will not receive any VERI

2. Translation

Help spread the word about Veritaseum to your community. Earn VERI by translating our Tear Sheet, Pathogenic Finance Report and Bitcointalk OP to another language and moderating the thread conversation.

Rewards and instructions:

a) Register here to reserve your translation

b) Bitcointalk Thread: 100 points

c) Moderation: 0.5 points per 5 posts in your thread

d) Pathogenic Finance report: 2000 points

e) Tear Sheet: 150 point

f) Genuine translation only

g) We count moderation posts for translated Bitcointalk Veritaseum Announcement Thread only

3. Blog posts

Write blog posts about Veritaseum to earn VERI. Topics can include, but not limited to, the crowdsale as well as current and future applications of Veritaseum. Research, analytical, and technical implementations and applications are of particular use. We will be releasing proprietary research that you can base your content off of.

Rewards and instructions:

a) Register here to participate

b) Blogs must be on the internet and publicly accessible

c) Each blog post must have at least 300 words

d) Each blog post must contain at least 2 links to https://Veritaseum.com

e) Blog posts must have unique content (translations do not count)

f) Blog posts can be in any language

g) Points will be awarded based on the quality of the blog post:

  • Low: 0 point

  • Average: 10 points

  • Good: 20 points

  • Great: 50 points

4. Twitter

We will frequently tweet updates and announcements from @VeritaseumInc and @reggiemiddleton. Make sure to follow us on Twitter and retweet to earn more VERI.

Rewards and instructions:

a) Register here to participate

b) Follow @VeritaseumInc: 5 points per week

c) In a week you need to make at least 1 tweets mentioning @VeritaseumInc and retweet at least 9 tweets from our Twitter account @VeritaseumInc to qualify for weekly points:

  • Under 300 followers: 10 points / week

  • 301–1000 followers: 20 points / week

  • 1,001 or more followers: 50 points / week

d) Twitter account followers will be based on an audit from twitteraudit.com

Facebook personal account and fan page holders must demonstrate via Facebook Graph Search their engagement with their posts and related comments

See also:

veritas logo3

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand theTerms & Conditions of the Veritaseum 2017 Veritas Sale..

_______________________________________________________________________________________________________________

  • Veritaseum Token Tutorial

Veritaseum is moving it's P2P Capital Markets platform to Ethereum. In order to use anything on the Ethereum network a person needs to have an Ethereum account.  The easiest way to do this, is with MyEtherWallet

  • Generate an Ethereum Account

  • Step 1

Click on Generate Wallet and enter a good password. You will always be able to regenerate the same account from the same password.

Click download and save the json file BUT keep this file safe and private. Any person who gets their hands on this file can now access your account, so store it safely.

Open the file and look at ciphertext. This value is your private key. This private key is the part that MUST be kept secret.

Copy this ciphertext/private key into memory and go to the View Wallet Info tab at the top of the page.

Select the Private Key radio button and paste your private key into the box. Click Unlock.

Now you can access your Ethereum account! It is here that you will find your Ethereum address, view the balance that this account has in it, view any tokens that it has, and other interesting things also.

  • Get Ether

As you can see, new accounts do not hold any Ether and you will have to get some.

Click on the Swap tab at the top of the page to exchange your bitcoins for Ether. Alternatively you may use ShapeShift. Be aware that this method is more expensive than sourcing Eth of exchanging it through an established token exchange, ie. Poloniex or Coinbase.

Exchange for VERI Tokens

Once you have some Ether, you are ready to exchange those Ether for Veritaseum Tokens!  One VERI Token costs 0.03333333333 Ether, so for one Ether you get 30 VERI Tokens!

The ICO crowdfunding stage is from 2017 April 25th 9:30 EST (14:30 UTC) and lasts for 31 days. There is even a 20% discount for tokens purchased on day one (after the start), a 10% discount for tokens purchased on day two (after the start), and every consecutive day the discounted rate will reduce by 1% per day until the normal price is reached (day 12)!

The VeritaseumToken smart contract is an Ethereum ERC20 compliant token, which means that you can exchange VERI tokens on any Ethereum based exchange.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the VeritaseumToken is at: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374

The source code of the VeritaseumToken can be found at: https://github.com/RFVenter/Veritaseum/blob/master/contracts/VeritaseumToken.sol

To purchase VERI tokens during the ICO phase you will have to use another smart contract which has been designed to sell tokens at the correct price during this time.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the TokenPurchase is at: 0x599a4b8188676224d4c9b393b947e332b60b15e3

The source code of the TokenPurchase can be found at:

https://github.com/RFVenter/Veritaseum/blob/master/contracts/TokenPurchase.sol

To purchase Veritas, go to the “Contracts” menu in MyEtherWallet as shown below.

Set the selections as shown below...

Click on the Interact with Contract tab at the top of the page. Enter Contract address 0x599a4b8188676224d4c9b393b947e332b60b15e3.

Copy and paste the TokenPurchase ABI code from the box below:

[{"constant":false,"inputs":[],"name":"purchaseTokens","outputs":[{"name":"","type":"uint256"}],"payable":true,"type":"function"},{"constant":true,"inputs":[],"name":"startTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"closeTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"price","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"}]

If the site asks you again, then enter your private key again and Unlock.

Click WRITE

To exchange Ether for VERI tokens you simply have to send the amount of Ether you wish to convert to VERI tokens, to the TokenPurchase smart contract. The smart contract will automatically allocate your tokens to your Ethereum address.

Increase the Gas Limit to about 80,000 and Click Generate Transaction

Congratulations, you now have VERI tokens!

Next you will want to go to your Ethereum account and see your VERI tokens. Click on the View Wallet Info tab and enter your private key again, if the site asks you for it.

Click Add Custom Token and enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Address box, VERI into the Token Symbol box, and 18 into the Decimals box and Save

You will now be able to see VERI tokens for any and each Ethereum account that you may have.

  • Use VeritaseumToken smart contract and Tokens

Once you have Veritaseum Tokens you can do several things with it. Since this is an ERC20 compliant token you can basically exchange VERI tokens on any Ethereum exchange, and there are several. You can exchange them for other tokens, or sell them back to Ether at a later stage.

To use them on MyEtherWallet, click on Send Ether & Tokens tab. Enter your private key and Unlock.

Now, enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Contract Address box.

Copy and paste the VeritaseumToken ABI code from the box below.

click Access

[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"owner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Approval","type":"event"}]

Now you can access all the public functions that this smart contract has. For more information about ERC20 compliant Tokens goto to ERC20

If you select price you can see that it has a lot of digits. Ethereum has high precision and uses 18 decimal standard precision.

The cost of this token is 0.033,333,333,333,333,333 Ether per one token. OR 1 Ether is 30 tokens.

The function shows you how many tokens your account has.

This function allows you to transfer your tokens to another Ethereum address, like your friends.

  • Conclusion

Using Veritaseum Tokens are fun and easy. If you need more information about Ethereum Tokens, just Google it.

My Twitter Updates

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