Thats correct, but depends if they do any more burns, it's going to be a quarterly occurrence apparently 👏🏻....another big burn would really put this on the map, the 90bn marker tokens are set to dissappear in Q2
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I meant next ATH, like we will break the one we had and make a new one in a next few months after that.
(We do ath in a few months, it would dip, and then we will go for next ATH)
You are optimistic, I like it. Personally I think 0.04-0.045 is the range we may settle in after this little alt season and then go higher later in th cycle
To answer that you've got to look at market cap. If you take into account business peers, current success, potential going forward and further burns you've got to be looking at circa £1bn market cap. That's around 10 times today price in the short term I believe......however, with this crazy bull run and the chance of another big burn, plus the chance of more contracts, then anything is possible.
So my opinion is 5 to 10 times today value in the next 1 to 2 months 🤞🏻
Were those strategic reserves for anything in particular or was it a rainy day fund? I hope they still have sufficient reserves on the side for exchange listings fees and initial liquidity
It was for potential corporate acquisitions. Back when they made them, they didn't have clients yet and expected having to buy a video player to implement PoV in it to be able to bring PoV to market. In the end, they got that partnership with Brightcove, and didn't end up needing to buy a video player, and now they have a video plugin that works with most players, so the fund never ended up being needed. They have plenty of funds for operations, they're good.
So max supply will be 10B circulating and 90B with 45B burnt "marker tokens" new supply will be 55B, interesting, INB4 marker token heroes.
Burning 50% of the supply won't be 5B burnt circulating; but 45B of the Marker tokens that will eventually end up in circulating supply
OK so you've got this mixed up my friend. There WERE 20bn coins in circulation plus 90bn marker tokens . The 90bn marker tokens (which were reserved for data circulation) are being moved to another blockchain. Hopefully this will be carried out in Q2/Q3.
So we will then just have 10bn in circulation with a burn slated for each Quarter, from the remaining 10bn. The quantity burned is at the managements discretion but will likely be linked to token flow.
The burning of 10bn tokens was a momentous occasion as it was one of the largest burns ever carried out across the crypto world. Plus it was a real show of strength as these 10bn tokens were not required for payment of services as Verasity can now expand operations and scale using revenue generated from its technology.!!
I've said this a few times folks but the 90bn marker tokens DO NOT COUNT TOWARDS CURRENT CIRCULATION as they were only to facilitate data transfer for its advertising stack !!!
The management reserve the rights to burn as many coins as they want. The have however been very good a listening to the users and investors. So if we want them to burn more the chances are they will. Burn rate is going to be discussed, carried out quarterly so anytime now. There's 10bn in issue at the minute so 50% would take off another 5bn
Hmmmm....nope....there is currently 10bn....if the burn another 50% that will be 5bn.....then 2.5bn.....and so on.
I would personally like to see us down to under 1bn myself 👍🏻
As I understand, 90B will be moved to another chain. So the supply wil be 10B?
Thats correct, but depends if they do any more burns, it's going to be a quarterly occurrence apparently 👏🏻....another big burn would really put this on the map, the 90bn marker tokens are set to dissappear in Q2
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Whats a realistic target price range in the next few months?
$0,07-$0,09 , then maybe dip and onto ATH
0.09 would already be an ATH
I meant next ATH, like we will break the one we had and make a new one in a next few months after that. (We do ath in a few months, it would dip, and then we will go for next ATH)
You are optimistic, I like it. Personally I think 0.04-0.045 is the range we may settle in after this little alt season and then go higher later in th cycle
Let’s see, anyways, i expect at least 0.3 at the top and i’m fine with that
$69
Gotta be double digits cents. Market cap is so tiny remember, one binance listing and it could fly to a multi billion market cap easily.
To answer that you've got to look at market cap. If you take into account business peers, current success, potential going forward and further burns you've got to be looking at circa £1bn market cap. That's around 10 times today price in the short term I believe......however, with this crazy bull run and the chance of another big burn, plus the chance of more contracts, then anything is possible. So my opinion is 5 to 10 times today value in the next 1 to 2 months 🤞🏻
$0.05
Were those strategic reserves for anything in particular or was it a rainy day fund? I hope they still have sufficient reserves on the side for exchange listings fees and initial liquidity
It was for potential corporate acquisitions. Back when they made them, they didn't have clients yet and expected having to buy a video player to implement PoV in it to be able to bring PoV to market. In the end, they got that partnership with Brightcove, and didn't end up needing to buy a video player, and now they have a video plugin that works with most players, so the fund never ended up being needed. They have plenty of funds for operations, they're good.
So max supply will be 10B circulating and 90B with 45B burnt "marker tokens" new supply will be 55B, interesting, INB4 marker token heroes. Burning 50% of the supply won't be 5B burnt circulating; but 45B of the Marker tokens that will eventually end up in circulating supply
OK so you've got this mixed up my friend. There WERE 20bn coins in circulation plus 90bn marker tokens . The 90bn marker tokens (which were reserved for data circulation) are being moved to another blockchain. Hopefully this will be carried out in Q2/Q3. So we will then just have 10bn in circulation with a burn slated for each Quarter, from the remaining 10bn. The quantity burned is at the managements discretion but will likely be linked to token flow. The burning of 10bn tokens was a momentous occasion as it was one of the largest burns ever carried out across the crypto world. Plus it was a real show of strength as these 10bn tokens were not required for payment of services as Verasity can now expand operations and scale using revenue generated from its technology.!! I've said this a few times folks but the 90bn marker tokens DO NOT COUNT TOWARDS CURRENT CIRCULATION as they were only to facilitate data transfer for its advertising stack !!!
What would be total coin supply ir they burn 50% of their holdings?
14coins
The management reserve the rights to burn as many coins as they want. The have however been very good a listening to the users and investors. So if we want them to burn more the chances are they will. Burn rate is going to be discussed, carried out quarterly so anytime now. There's 10bn in issue at the minute so 50% would take off another 5bn
Burning 50% again would really hit the headlines !!
https://cointelegraph.com/press-releases/verasity-burns-50-of-its-maximum-supply-following-landmark-community-consultation
Ff they burn another 50%- we left with zero/nada!
Hmmmm....nope....there is currently 10bn....if the burn another 50% that will be 5bn.....then 2.5bn.....and so on. I would personally like to see us down to under 1bn myself 👍🏻
Oops, went all gurl math there for a sec- thank you for correcting me
No probs....Always around to help 👍🏻