About Veritaseum (VERI)
Veritaseum (VERI) is a highly disruptive revolution in finance, investment and value. It uses blockchain technology, smart contracts and distributed computing to aid industries and entities suffering from high economic rents, undue friction and gross inefficiencies. Describing is actually very simple, but that description is often frustrated by: Lingering concepts of the legacy institutional business models that seeks to disintermediate; Ingrained prejudices towards leaps in technological capabilities, particularly in the first industry that we’re moving to disrupt – finance.
Veritaseum (VERI) At it’s simplest, is the gateway to peer-to-peer capital markets. It allows any two or more individuals to deal directly with each other in transactions of value without reliance on centralized or authoritative third parties. They can do this without concern for typical legacy credit or counter-party risk. Phenomenal, right? Of course, this begs the question… How is this done? Let’s start with how it’s not done. is not a broker, a fund, a bank or an exchange. It is distributed, server less (stateless) software and a collection of smart contracts ran through the blockchain! To explain what we are, let’s take a quick history lesson.
Veritaseum (VERI) In 1887, twenty-two-year-old Julius Blumberg opened a small two room store at 115 Division Street in New York City’s Lower East Side. This was the birth of Blumberg forms over 125 years ago. Blumberg was the pre-eminent publisher of legal forms, enabling the quick templating and execution of agreements (think power of attorney, leasehold, money purchase agreements, etc.) between two or more parties. Julius determined that legal transactions could be greatly simplified through the use of a form on which common “boilerplate” elements were already printed, consequently the Blumberg Law Form was born. The cutting edge technology of the era, the typewriter, allowed a massive savings in time through efficiency.
Veritaseum (VERI) products are the 21st century incarnation of the Blumberg form. Instead of the typewriter being the enabling technology to bring templated agreements to the masses, we now have smart contracts, blockchain technology and distributed escrowing of self-custodied capital ushering in new capabilities to the forefront.
Veritaseum (VERI) By thinking of as a vendor of new age (smart) contracts that enable the conditional transfer of value, you can fully grasp both the simplicity and the creatively destructive disintermediation that is . Access to our smart contracts are gained through the purchase of Veritas (VERI), the software token that represents prepaid fees for products and services. Through the possession of VERI, one can access and use financial machines. Financial machines are multiple, chain-linked smart contracts designed to replicate the functions of entire business divisions of industry, but at near zero margin and without balance sheet exposure, credit risk or counter-party risk.
Veritaseum (VERI) Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Veritaseum |
| Short Name | VERI |
| Circulating Supply | 2,149,646.44 VERI |
| Total Supply | 100,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | whitepaper.pdf (newscrypto.io) |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Website |
Veritaseum bespoke and custom distributed solutions
Veritaseum (VERI) distributed solutions utilize a very unique approach that is research and analysis-based. The use financial forensics, fundamental and macro analysis and consulting to design various Veritas sub-tokens that may serve very specific purposes.
The Veritas sub-token creation process consists of the following:
- Goals are communicated to the Veritaseum team by the Veritaseum client/customer.
- Veritaseum financial analysts, macro strategists and financial engineers create a financial product and analytical framework that supports the product.
- The financial product is passed to our software developers/engineers to create Veritas sub-tokens (software licenses) that unlock custom smart contracts. These contracts support the business processes and logic of the newly created product.
- The software token is issued directly to the Veritaseum customer for direct P2P transfer or to hold – and/or through the appropriate financial machine, i.e. the VeADIR.
Introducing VeADIR
Veritaseum (VERI) is an interactive, digital research vehicle that offers exposures to its vetted research subjects. The research takes advantage of distributed ledger (blockchain) and smart contract technology in that it can be both dynamic and applied. This means the research can and will be actionable by this independent construct in near real time. VeADIR is ibeing built to be independent from Veritaseum in manner and action. As such, it is being designed to makes decisions separate and apart from Veritaseum or other entities and it must be considered autonomous and sovereign in its actions and existence.
Communication is performed in machine language to and from the VeADIR summarizing the token purchases, distributions, valuation forensics and market liquidity. The VeADIR will pay operating fees to (tokens, either USD-locked or other) for real world research. then feeds research results to VeADIR.
Either other smart contracts/constructs (likely preferable, wherein VERI holders can purchase access) or specialized wallets can be used to convert said machine language into lay person readable human language.
Users pay VERI to the VeADIR in order to receive the contract-processed research that the VeADIR purchases from Veritaseum in machine language. This is likely in the form of what is the most promising blockchain based assets. This research will look like this in the case of an entity-based token offering (VeADIR will purchase a wide plethora of assets, ie. distressed credits to digital platform tokens):
- Weighting
- Token
- Value: Overpriced (float)
- Cashflows: Sparse (float)
- Market: float
- Management team:
Why is Veritaseum’s market cap so underreported? And is this valid?
Veritaseum (VERI) Coinmarketcap determines market cap using “circulating supply” as supposed to total supply. Whether this number is under reported is up to your preferred method of reporting. In addition, we don’t feel it matters nearly as much as many assume. Market cap, in this sense, is not the same as valuation. Valuation takes a much more focused and rigorous approach than multiplying two numbers.
How dependent is Veritaseum to the Ethereum blockchain for its P2P platform?
Veritaseum’s products are not dependent on any blockchain because it can be moved to different blockchains. This being said, it will take some engineering effort to port from, and between blockchains. We feel that most new blockchains will be written in such a fashion as to be backwards-compatible with Ethereum applications.
What does “Veritize” mean?
Veritize – meaning that an asset is assigned a customized VERI token (think of a wrapper that surrounds the asset and gives it special programmable attributes that can live on, and travel through, the blockchain). For example, you can take the lease on a building, “Veratize” it, and now that lease can trade on our digital asset exchanges. This is the process that we are introducing to our exchange partners.
VeTokenization
The admin app reads data and formulaic representations and displays asset information in a table for the admin to accept by sending a transaction to the registry contract using their Metamask Ethereum account. Creating a new asset starts with adding a row with asset information. The information includes the name and symbol of the token, type, supply, and a list of key-value pairs defining the source of the tokenized asset.
The spreadsheet periodically fetches information from Etherscan API. Asset properties are highlighted when not in sync with the blockchain.