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  • VeriBlock (Bittrex IEO)
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    CryptoPotato score

    7.9/10

    VeriBlock (Bittrex IEO)

    The VeriBlock Blockchain is a concrete implementation of the Proof of Proof (PoP), which extends Bitcoin's security to other blockchains in the most secure, economical, and easy-to-implement manner possible, further developing upon the Decentralized, Trustless, Transparent, and Permissionless (DTTP) ethos of PoP. It acts as a fully DTTP security adapter/aggregation layer between other blockchains and Bitcoin.
    VeriBlock addresses two major problems: alternate blockchain (or altchain) security, and Bitcoin scalability. By securing a diverse ecosystem of blockchains which each specialize in solving particular problems, VeriBlock encourages widespread adoption of these blockchains, causing an exodus of transactions from Bitcoin to these more specialized blockchains while still driving value from the success of these blockchains back to Bitcoin.
    The VeriBlock blockchain provides an aggregation layer of proof, and its coin provides a means for paying the decentralized VeriBlock PoW and PoP miners in a way controlled completely by the VeriBlock blockchain protocol. As such, the VeriBlock coin serves as a price discovery mechanism that allows the efficient allocation of the scare resource of proof, allowing all blockchains to inherit Bitcoin's PoW security.

    VeriBlock Review and Rating

    7.9

    Team

    8.2/10

    Stage of The Project

    8.0/10

    Project Potential

    8.1/10

    Token-Use

    7.7/10

    Token Sale Terms

    6.8/10

    White Paper

    7.5/10

    Technology

    8.0/10

    Community

    8.5/10

    Pros

    • This is the first Initial Exchange Offering (IEO) via Bittrex, after the first planned IEO was canceled, as such it should get a lot of exposre, the list of advisors/investors is impressive.
    • The concept behind the token is very broad and could have many use-cases. This is not a token with a purpose of being used in a specific Dapp, but a solution that could apply to multiple blockchains

    Cons

    • The existing circulating supply (roughly 28 M USD) is much higher the the supply offered in the token sale (roughly 7 M USD) giving it a very high initial market cap

    Public Sale Ended

    02 Apr 2019

    Total raised
    $7,000,000 / $7,000,000

    100%

    raised

    Token: VBK

    Token type: Mainnet Blockchain Coin

    ICO price: 1 VBK = $0.10 USD

    Finite token number: 2,100,000,000 VBK

    Token Allocation: Proof-of-Proof (“PoP”) Mining 66% | Team and Advisors 10% | IEO Sale 3.3% | OTC Sale 1.9% | Reserves 7.9% | Community 5.4% | Future Initiatives 4.2% | Security Deposit 1.3%

    Status: Testnet is Available

    Accepted Currencies: BTC

    Initial Circulating Supply : 283,000,000 VBK

    Min/Max Personal Cap: $10 USD / $20,000 USD

    Crowd Sale (Bittrex IEO)

    Cap: 70,000,000 VBK (~$7,000,000 USD)
    Start: April 2, 2019 at 4pm UTC
    End: April 5, 2019 at 4pm UTC
    Token Distribution: Apr 5, 2019

    Team Members

    VeriBlock Team Member

    Maxwell Sanchez

    Chief Technology Officer

    VeriBlock Team Member

    Justin Fisher

    Chief Executive Officer

    VeriBlock Team Member

    Flip Flipowski

    Chairman

    VeriBlock Team Member

    Jeff Roschman

    Financial Advisor

    VeriBlock Team Member

    Tim Stall

    Chief Development Officer

    Advisory Board

    VeriBlock Team Member
    Co-Founder/CEO, Bittrex

    Bill Shihara

    Advisor

    VeriBlock Team Member
    CEO & Founder of Decentral & Jaxx

    Anthony Di Lorio

    Advisor

    Bo Shen
    Founding Partner of Fenbushi Capital

    Bo Shen

    Advisor

    Partners

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