Veritaseum is a blockchain-based financial technology platform that delivers worldwide access to the peer-to-peer software capital market. It is an architecture-based platform that enables software-driven one-on-one capital markets free of third-party handlers such as banks, brokerages, and exchanges. The idea is that anyone with Internet access should be able to participate in capital markets via Veritaseum.
Veritaseum is a software platform that puts a diverse set of assets and exposures on the blockchain as autonomous software that connects to parties without the need for a third or authoritarian party. This software consists of distributed, serverless (stateless) software and smart contracts that operate on the blockchain.
According to the platform’s website, Veritaseum is a new-age smart contract vendor that allows for the conditional transfer of value. The software’s distributed solutions take a highly distinctive approach based on research and analysis.
It offers both centralized and decentralized solutions.
The centralized system solutions are intended for institutions that are not yet prepared to participate in decentralized capital market systems. So, it runs on servers managed by the client organization. The centralized services include the following:
- A digital exchange designed specifically for prime brokerages and exchanges.
- Intelligent arbitrage system that provides cross-platform liquidity for digital asset trading.
The Ethereum blockchain serves as the foundation for Veritaseum’s decentralized software solution. It enables individuals and businesses to trade digital assets without the need for costly intermediaries.
The software’s native token is “Veritas.” The native token’s symbol is “VERI.” The native software token VERI is an ERC-20 token that represents prepaid payments for Veritaseum products and services. It is used to gain access to their smart contracts. Users with VERI can access and use their financial machines. Financial machines are a collection of chained smart contracts that are supposed to mimic the tasks of entire industry divisions at near-zero margins and with no balance sheet exposure, credit risk, or counterparty risk. Veritas sub-tokens are created using financial forensics, fundamental research, and consultation to meet very specific needs.
Who are the founders of Veritaseum (VERI)?
Veritaseum was founded in 2014 by Reggie Middleton. Middleton is a Howard University graduate with a BBA in business after which he became a managing member at Reggie Middleton LLC.
He is well known for accurately forecasting the market and major financial institution crashes.
What is Veritaseum (VERI) used for?
Veritaseum uses blockchain technology, smart contracts, and distributed computing to assist industries and organizations suffering from high economic rents, excessive friction, and severe inefficiencies.
The principal use case or application of VERI is to redeem it for advisory services using Veritaseum software. Veritaseum tokens are not an investment, but rather an integrated component of the software.
How is Veritaseum (VERI) unique?
Veritaseum provides tools and software for participating in peer-to-peer capital markets, and it runs on client-controlled servers. Among these services are a digital exchange designed for prime brokerages and exchanges, as well as a smart arbitrage system that provides cross-platform liquidity for trading digital assets. VeRent, VeADIR, VEResearch, VeExposure, VeManagement, and VeTokenization are the six unique services Veritaseum provides
VeADIR is an acronym that stands for Veritaseum Autonomous Distributed Interactive Research. It is the platform’s central component. It exposes investors to vetted research subjects and provides opportunities for asset growth through positive risk-adjusted returns.
VeADIR also allows purchases based on prior research. Everyone can buy built-up model portfolios based on research findings.
Users can order complete research reports or pay per query. When you ask for information about a specific organization, VeADIR contacts it and compensates you with VERI for the answers. This information exchange also works in reverse: any organization can request VeADIR analysis and receive compensation in VERI.
VeResearch is VeADIR’s human-made research platform counterpart. Since the team has studied the economics and valuation of distributed systems and has a proven track record of fundamental, forensic, and macro analysis. VeResearch provides users with the ability to obtain investment models for any cryptocurrency asset analyzed by the platform. These models are intended to supplement VeADIR’s models, but interested parties can also purchase the valuations separately.
VeExposure “offers direct access to VeADIR for users who can provide both VERI and Ether for an exposure,” according to the company’s website – meaning, it is a one-of-a-kind facility designed to connect people with available VeADIR access opportunities.
The platform’s creators emphasize that VeRent is not an exchange or a marketplace for buying and selling securities.
VeRent is the platform’s rent component for the peer-to-peer, over-the-counter exchange of VERI tokens. If they want to use the VeADIR software suite services, exposure buyers and seekers can rent or purchase Veritas tokens here.
With VeManagement, Platform users can preview and manage their VeResearch model portfolios by signing them with their private keys. It is Veritaseum’s portfolio management app and its back-end administration tool for the VeADIR portfolio.
VeTokenization: At VeADIR, an automated system is designed to generate custom Veritas tokens with new assets, opportunities, or exposures. It is made up of an administration web app, an asset configuration sheet, and an Ethereum registry contract.
How many Veritaseum (VERI) coins are in circulation?
Veritaseum has a current circulating supply is 2,149,646.44 VERI.
How is Veritaseum (VERI) network secured?
Smart contracts from Veritaseum enforce transactions on mutually agreed-upon terms. As a result, the agreements are unbreakable, and both parties are obligated to deliver under any and all circumstances. This application of blockchain technology allows Veritaseum users to transact at significantly lower costs than traditional financial services.
How do I buy Veritaseum (VERI)?
The Veritaseum (VERI) token can be used for a wide range of purposes, like staking and payments.
Veritaseum (VERI) tokens can be easily purchased with the following steps.
* Open an account with the crypto trading platform of your choice.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy Veritaseum (VERI) through your trading account.
Which Cryptocurrency Wallet Supports Veritaseum (VERI)?
The PTPWallet platform supports many cryptocurrencies, with VERI soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.