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RE: Verium/Vericoin (VRC) IPO - Where We Stand After Phase 1
Interesting analysis. One thing that's great is that we now have around $100,000 worth we can use towards development, marketing, and third party collaborations. That, and the fact that we will be able to have $2500 a year in stake endowment profits for miscellaneous costs, is pretty great too.
Hey @pnosker thanks for taking the time to read & reply. Congrats on what I would call a very successful Phase 1 ICO and I'm excited to watch/participate in Phase 2. Also, thank you for pointing out the development fund is 1/2 of the money raised, which I did not state correctly - so I will go back and make the appropriate updates. Cheers!
No it's not 1/2, but the endowment fund is 50% and the development portion is 20%, 20% marketing, and 10% 3rd party.
Oh right... not sure why I am forgetting the setup of this. Once again appreciate the clarification on this. Thanks!!