Hi Steemit!
I have to say congrats on being the first go-to -market solution for crypto technology! Social networks are huge today and they are missing real rewards and real payments, cheers to this great technology! We are releasing new technology for our crypto project and I wondered whether Steemit would be a good platform for a Press Release. So here it is, if you like the press release below upvote to show Steemit can be a press release vehicle also! Cheers!
Press Release
August 17, 2016
After a record shattering sellout of Phase I of the Verium ICO, the VeriCoin developers are proud to announce that the second phase of Verium ICO is once again available to purchase at http://www.vericoin.info/ico.html with only 1 day remaining. 350,000 Verium (12.5% of the supply) are available to purchase exclusively using VeriCoin. This is a novel way to get into one of the most anticipated crypto commodities of 2016. The parallel relationship between VeriCoin and Verium is the first of its kind and ushers in a new era of digital currency.
Verium
Verium is Vericoin PoWT (Proof of Work Time) commodity. The variable block time paradigm of Verium solves many problems faced by cryptocurrencies. It increases blockchain transaction performance with security. It at the protocol level, enforces that the chain with the most computational power has the fastest calculated blocktime so it will always have a greater block height. It automatically addresses the scalability issues inherent in Bitcoin. It softens the difficulty mechanism without loss of security, so that mining power can grow more efficiently as needed by security. Rewards in minutes per mining between blocks enables more profitability of mining that is dependent on power and time burning electric. A decreasing reward as the blockchain speeds, incentivizes a balance of efficiency and power, while maintaining security with a corresponding block time. ASIC and largely GPU resistance due to memory hardness.
VeriCoin
VeriCoin is the only PoST (Proof of Stake Time) crypto-currency established on May 2014 by Douglas Pike, Patrick Nosker and David Boehm. With one second transactions, sixty second confirmations, a multitude of features such as VeriBit, VeriSend, a BIP32 Lite Android Wallet and a very user friendly Desktop Wallet. VeriCoin is a much quicker, more intuitive, more efficient Peer to Peer Digital Currency than any traditional banking system or even Digital Currency in existence - including Bitcoin.
Verium will be the first reserve commodity enforced by the protocol PoWT and Vericoin via PoST will continue to be a near costless decentralized currency. This pairing of currency and commodity treats PoW differently in that it would be exclusively a tradable scarce resource. The currency and reserve roles are incentivized via higher minimum send fees of Verium and slower block-times, which enable stable, secure mining and dis-incentivizes spending. This way there are value added costs that are required to enhance the entire system, yet not necessary for a seamless, near costless, fully decentralized currency.
As Vericoin/Verium Co-developer Douglas Pike states "Verium brings more security, faster transaction times and lower fees in VeriCoin the currency through Verium the reserve commodity".
Verium - Phase Two (Proportional stage)
The ICO for Verium is running with 10 VRC/VRM minimum price or your share of the total VRC raised is your fraction of 350,000 VRM.
Instructions are be available at http://www.vericoin.info/ico.html.
For more Information:
https://www.vericoinforums.com
https://bitcointalk.org/index.php?topic=1540023.0
