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CryptoPotato score

7.9/10

VeriBlock

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

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

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

Community

Telegram

Project Links

Website
Whitepaper
Github
Youtube
Reddit
Linkedin

More Resources

Wiki.VeriBlock
Discord

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

Bittrex logoTruePic Logo-min

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