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:
- Uniswap (V2)
A #VERI Big Deal - What are #Veritaseum Tokens Worth? Can $VERI = $BTC , or Higher? Find Out Here!
January 3, 2022
A device, system, or method that facilitates value transfer between unreliable parties.
January 13, 2021
Crown Jewels For Free: Veritaseum Goes ICO
May 19, 2017
Devices, systems, and methods for facilitating low trust and zero trust value transfers
Patent No.: US 11196566 B2
December 7, 2021
Reggie Middleton DeFi Patent #US11196566 JP6813477
March 9, 2022