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Veritaseum

Veritaseum

Veritaseum is a platform enables software-driven Peer-to-peer capital markets that is free from 3rd party handlers such as banks, brokerages and exchanges.

Veritaseum is a platform based on an architecture that enables software-driven Peer-to-peer capital markets that is free from 3rd party handlers such as banks, brokerages and exchanges. The Veritaseum Offering provides centralized solutions and distributed solutions for the digital market.

What Is Veritaseum (VERI)?

Veritaseum was founded in 2013 by entrepreneur and inventor Reggie Middleton. Veritaseum is a blockchain-based, fintech software that offers access to the peer-to-peer (P2P) capital market on a global scale through the use of its decentralized platform, digital asset research and overall transfers.

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.

On August 13, 2019 The Securities and Exchange Commission has filed charges against Reginald “Reggie” Middleton, Veritaseum, Inc. and Veritaseum, LLC for fraudulent scheme to sell digital securities to investors and manipulate markets for those securities.

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.

On May 5, 2015 the company filed an application for a patent "Devices, Systems, and Methods for Facilitating Low Trust and Zero Trust Value Transfers", which was granted on the 7th of December 2021 (JP6813477B2, US11196566). It describes a method by which users can engage in trust-less value transfer without the need for expensive third party intermediaries or exposure to counter-party risk. The patent is currently active with an adjusted expiration date of November 5, 2036.

On August 12, 2019 The court entered an emergency freeze of digital assets raised during Initial Coin Offering in 2017, Securities and Exchange Commission (SEC) confiscated 97,93% of the token Supply ( 97,932,452.92 VERI)

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 on 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.

Contracts are secured by the Ethereum network and software is secured by intellectual property rights.

Where Can You Buy Veritaseum (VERI)?

If you are interested in buying, trading, or selling Veritaseum (VERI), you can do so on:

  • Mercatox
  • Uniswap (V2)

Timeline

June 12, 2022
Crypto fraud victim vows to fly 3000 miles to see Scot stand trial over £7m scam
December 7, 2021
The United States Joins Japan in Granting Reggie Middleton the Most Significant Asset in the Blockchain Industry - the Aboriginal DeFi Patent | ZeroHedge
July 23, 2020
Veritaseum Accuses T-Mobile of Gross Negligence Over $8.6M SIM-Swap Hack
November 1, 2019
Reggie Middleton Reaches $9.5 Million SEC Settlement Over Alleged ICO Fraud
August 13, 2019
SEC.gov | SEC Obtains Freeze of $8 Million in Assets in Alleged Fraudulent Token Offering and Manipulation Scheme
July 25, 2017
Veritaseum cryptocurrency loses $8.4 million in ICO hack
June 29, 2017
Veritaseum - Veritaseum Signs MOU with Jamaica Stock Exchange for JV on Digital Asset Exchange
April 2017
Veritaseum raises a $14,800,000 series A round.
May 9, 2014
US11196566B2 - Devices, systems, and methods for facilitating low trust and zero trust value transfers - Google Patents
May 9, 2014
JP6813477B2 - A device, system, or method that facilitates value transfer between unreliable or unreliable parties. - Google Patents

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

A #VERI Big Deal - What are #Veritaseum Tokens Worth? Can $VERI = $BTC , or Higher? Find Out Here!

Web

January 3, 2022

A device, system, or method that facilitates value transfer between unreliable parties.

Reggie Middleton

Patent No.:JP

6813477 B2

January 13, 2021

Crown Jewels For Free: Veritaseum Goes ICO

Anna Ylönen

Web

May 19, 2017

Devices, systems, and methods for facilitating low trust and zero trust value transfers

Reggie Middleton

Patent No.: US 11196566 B2

December 7, 2021

Patent citations

Reggie Middleton DeFi Patent #US11196566 JP6813477

Web

March 9, 2022

References

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