37 thoughts on “VEVE MTL HAS A MASSIVE GEM PROBLEM! BUT THE SOLUTION CAN CAUSE OMI TO PUMP IN 2022”

  1. Yeah but since every time they sell something on drops + the 2.5% from secondary sales those gems disappear from circulation so let's say 1mil gems are bought. $700k goes to veve. 500k of those gems people use on drops, which means they all disappear forever and the rest are spent on secondary market which eventually will reduce those 500k gems left to 200k or less after a year. And not all 200k gems will be taken out since atleast I won't cash out all my gems, let's say half. So then we're left with veve having their $700k and 100k gems MAX is cashed out. Profit=600k per mil. My numbers are obviously not exact but you get the idea

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  2. So what you’re saying is that potentially someone could deposit $100 on to the app to try get a drop, miss it, go to get their money back after missing it and are only be able to get $70 back? No. That’s the stupidest shxt I’ve seen on YouTube today and makes absolutely no sense from a business perspective. Quite frankly it would be borderline theft

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  3. When VeVe opens the doors to interoperability, NFTs that were bought in the app will be sold outside of the app, meaning VeVe won't be the one paying out the collector at all. Yet VeVe will still get to collect the transaction fee on the external sale as well as the licensor fee. We've heard that while the first several licensors won't be ready for public exchanges right away, new licensors are requesting/requiring it. IF the MTL delay is intentional (not clear that it is – this is all conspiracy speculation), it may be to make interoperability and MTL happen simultaneously, and thereby offset any bank-runs. By the way- there is no way VeVe is actually in jeopardy here. If you think Disney would get involved with their major IP with a company that didn't have a proper bankroll for this, you don't know Disney. Guarantees will be in place, and audits will have been done to death. Your money is safe in VeVe, and David Yu has said any exit charges will be minimal – like 1-3%, as the MTL provider requires, with nothing on top from VeVe.

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  4. One thing I don't understand with your point: veve get 70% of $100 YES but then when a user pays $100 for gems, the user gets 70 gems, not a 100 so veve is not paying the 30% in the first place, the user is

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  5. The second biggest problem I see is the buying and selling of gems off app… this is creating a false ceiling on the floor as ppl are buying the collectibles at discounted rate. This creates two problems.. VeVe is not making money or is not collecting the Fiat it suppose to.. the second one is that all collectibles floor have been inflated with false sense that 1 gem is equal to $1 but as ppl are buying the gems at 46% below its actual value this is not sustainable level for VeVe to provide a fiat cash out
    The only solution I see is the OMI to be the way to cash out

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  6. You obviously never bought gems bro, when buying gems the fee is added on top of the gem price, so thats fiat for the gems PLUS fees YOU have to pay. Dont spread fud everywhere with this nonsense just to have attention. You should also state that thats just your opinion, it seems like its a fact when it is clearly not

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  7. I think it will be a gem to crypto type of cash out coming soon. Your right the fees and hit they take makes cashing out a issue which in some way has to reflect back on the customer. A crypto cash in/out function avoids that issue but than you still have to generate income to set up that fee for the app stores. Would of been better if they set up this function through decentralization and made it function through a wallet or their wallet.

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  8. They said they want the omi token to be like the eth for buying nfts. I don’t think people will mind getting omi because they are so far ahead, have such a polished product w/ strong brand relationships, a fun community and strong customer retention rate. The status bar will help community w/ “dates” lol and is meme worthy when it doesn’t move. Okay bye. 🔥🔥🔥🔥🔥

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  9. A 30% hit on the consumers will be huge and that doesn't even include the taxes they gotta pay on their profits. 30% + taxes is not a good look im hoping we dont have to take that 30% hit.

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  10. I think that’s where the listing fees come in to help offset the 30% App Store obligation. According to their schedule fee, Secondary Market Fees:

    – Marvel Licensed Assets 8.5% on the sale value (split between Marvel & VeVe)
    – All other Licensed Assets 2.5% on the sale value

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  11. Why are we figuring their costs without understanding the cost/profit of the items they’re selling? They didn’t plan to fail so perhaps the product cost them pennies per NFT and they’ve factored in the external fees.

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  12. Hi Daniel, are you sure they "pay the App store for every dollar they receive"? I've assumed that it was only on sales of licensed nfts–which they can account for in their sales price. Further, I pay a healthy fee to the app to get money in my gem account (7.8%). You're saying the app takes another 30% of that?

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  13. This must be the dumbest omi channel out there! Now and again every fews months, I will watch this channel and its dumber your getting? You met with omi representative today trying to gaslight community to expect 30% fee. You must gave got omi sponsorship! You make all kinds of assumptions here. I have not received a drop since 1st marvel comic drop. That's over 8 months ago. Not everybody is making money on yhis app. Professional collectors may be making money. If you live outside major urban center, you may as well as forget about drops. How much is Ecomi paying you to come out with yhis BS?
    If I get charged 30% of a fee for withdrawal when MTL eventually arrives, ecomi will be hearing from my lawyer. There should no fee charged since ecomi should be making 20% interest on everybody's money!
    This must be the dumbest podcast I've ever heard on you tube.

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  14. Isn't there also an issue with turning on NFT to OMI as those who are waiting to cash out will look to sell for OMI and then billions will be sold on exchanges putting initial massive sell pressure on the token until the equilibrium is established. Most already have a decent sized OMI bag so the token buy pressure will not be as great

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  15. Yeah the desktop is the only answer and one that would be preferred personally. The charges to buy gems then sell them when taking a risks buying nfts for gains would make it really not worth while. 🧐

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