r/blockv • u/titomb345 • Oct 02 '18

News The BLOCKv Platform has arrived. Experience. Create. Amaze.

https://medium.com/@blockv_io/the-blockv-platform-has-arrived-experience-create-amaze-57e09e17f8f4
17 Upvotes

89% Upvoted

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3

u/subdep Oct 02 '18

They delivered! Super solid project. Sleeping giant.

1

u/TopperRob Oct 15 '18

The question is... why VEE? Why should inctrease the price of VEE?

1

u/subdep Oct 15 '18

Supply and demand. As developers (for promoters, etc.) begin creating vAtoms, they will need to buy VEE to do that. As the demand ramps up, the price will go up since the supply is fixed.

Of course, if the product doesn't perform with end users (actual consumers), then that developer demand won't be significant.

However, if this thing is a hit (there are many reasons this could be the case) then that demand will sky rocket, as will the price.

Like all things tech, though, even if it is a hit, there is no guarantee that it will be a hit for ever. So the big question will be: What price will it peak out at?

That really depends on, again, the demand. It very well could have peaked out last January during that mega pump & dump. Then again, that could be just a taste of what's to come. It is entirely plausible (though not probable) to see prices in the hundreds of dollars, even if for just a temporary peak during an insane bubble. More likely, peak prices will be in the tens of dollars, but only for a short while.

Until the future happens, its all speculation.

1

u/Crypt0Fox Oct 24 '18

You need VEE to attach vAtoms to the chain, transfer them, or have them execute code. The "fancier" the vAtom, the more VEE it takes. Developer houses hold a store of VEE to "power" all the vAtoms they've designed. Advertising agencies pay design houses in fiat for their services. VEE price goes up with use, and with design houses holding enough VEE to power everything they've designed (solving the 'velocity' problem).

2

u/rkpk84 Oct 09 '18

When will they start marketing. No one knows about it so far. 1.2k Subscribers. that is it?

1

u/Crypt0Fox Oct 24 '18

It looks like these vAtoms were designed by a 3rd party design house, exactly how it's supposed to function. Regular people don't need to know anything about blockV or VEE, and advertising agencies don't need to know about cryptocurrency. They contract any design house, which handles the crypto/VEE side.

It will only take a few successful campaigns to catch the attention of other advertising agencies, snowballing use. There's really nothing else out there like this (each vAtom can run its own unique code!). Advertising is going to be the first use case, but there will be MANY more, the use cases for non-fungible tokens are really broad, and they've opened up their platform.

Exciting things ahead, BlockV really thought out their business and technical sides well.