Egor Boika

What Is Veritaseum (VERI)?

Veritaseum aims to level the economic playing field by creating software that will allow participation in P2P capital markets without the need for intermediates or banks. The idea is that if someone has access to the Internet, they should be able to take part in capital markets through the use of Veritaseum.

Veritaseum also offers the option to tokenize assets such as real estate, metals, or government bonds, buy and sell digital assets on the blockchain and get exposure to various trading opportunities.

Who Are the Founders of Veritaseum?

Reggie Middleton is the founder and the CEO of Veritaseum. He has graduated from Howard University with a BBA in business after which he became a managing member at Reggie Middleton LLC.

He has also started BoomBustBlog.com. Later on, Middleton created what is known today as Veritaseum’s UltraCoin, which is a corporation that aims to use modern cryptography in the fields of finance, economics and value transfer transactions.

What Makes Veritaseum Unique?

Veritaseum is a software company, and VERI is an ERC-20 crypto token that is used to pay for the products and services of Veritaseum. VERI is based on the Ethereum (ETH) blockchain, so the token holders are protected by the security of the Ethereum network.

The primary use case for VERI is to redeem it with Veritaseum software for advisory services. Veritaseum tokens are not an investment but a part of the software.

Veritaseum offers tools and software to participate in peer-to-peer capital markets, and it runs on servers that are controlled by the client organization. These services include a digital exchange that is made for prime brokerages and exchanges and a smart arbitrage system that provides cross-platform liquidity for trading digital assets. There is a total of seven services including VeAssets, VeRent, VeADIR, VEResearch, VeExposure, VeManagement and VeTokenization.

Most notably here, VeADIR or Veritaseum Autonomous Distributed Interactive Research is the platform’s research module that can pull data from exchanges for VERI and allows interested parties to pay for the research findings. All of the findings are presented in machine language so users will have to use smart contracts to translate them into readable data.

To Veritize an asset means to assign a new customized VERI token to an asset, which is a token with unique properties that are bound to it through smart contracts.

How Many Veritaseum (VERI) Coins Are There in Circulation?

Veritaseum (VERI) has a circulating supply of 2,149,646 VERI with no maximum supply data available as of February 2021.

How Is the Veritaseum Network Secured?

Veritaseum’s decentralized software allows individuals and organizations to trade digital assets without the fees of brokerages and intermediaries, and its smart contracts enforce the transactions on mutually agreed terms. The agreement cannot be broken and both of the parties involved are bound by software to deliver under any circumstances.