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Veritaseum

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Description

What does Veritaseum do?

Veritaseum is a cryptocurrency that utilizes smart contracts for peer-to-peer trading of cryptocurrency assets.

The founder of Veritaseum is Reggie Middleton, who claims that VERI were not designed with appreciation in mind. According to Reggie, the goal of the project is to eliminate unnecessary middlemen from financial transactions. Middleton hopes the SEC will classify VERI as a security.

What is VERI used for?

Veritaseum tokens are used to execute financial transactions and complete trades without the need for a third party. VERI tokens are classified as ERC20 because they use the Ethereum platform and provide exposure to a variety of other crypto assets.

If Veritaseum is successful and widely adopted, VERI tokens may also be used to buy non-crypto assets, like stocks.

How can VERI appreciate?

One major challenge for Veritaseum to overcome is its questionable reputation in the cryptocurrency community. Many people see Veritaseum as a “scam.” If the project can prove itself as legitimate and improve its reputation, its token value may appreciate considerably.

Veritaseum offers its users different features with the VeDAIR suite. One such feature is the VeRent app that gives token holders the opportunity to rent their VERI tokens and generate dividends by doing so. This mechanism is similar to staking mechanisms used by other cryptocurrencies, and may encourage individuals to acquire more VERI, driving up its price.

What is the difference between Veritaseum and its competitors?

In an official Veritaseum video, Reggie Middleton explains that the project is different from its competitors because it uses blockchain technology for the benefit “of bank clients and customers, not the bank themselves.”

VeADIR is a platform built with VERI tokens in mind that can be used for research of trends in crypto. It is a product offered to institutions that is separate from the Veritaseum project but is tied to it through use of the VERI token. Proponents of Veritaseum hope VeADIR will lend legitimacy to the project.

  • Mainnet Launch: April 2017
  • Open Source: No
  • Consensus Type: PoW
  • Technology: Ethereum
  • Total Coin Supply: 100,000,000
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Description

What does Veritaseum do?

Veritaseum is a cryptocurrency that utilizes smart contracts for peer-to-peer trading of cryptocurrency assets.

The founder of Veritaseum is Reggie Middleton, who claims that VERI were not designed with appreciation in mind. According to Reggie, the goal of the project is to eliminate unnecessary middlemen from financial transactions. Middleton hopes the SEC will classify VERI as a security.

What is VERI used for?

Veritaseum tokens are used to execute financial transactions and complete trades without the need for a third party. VERI tokens are classified as ERC20 because they use the Ethereum platform and provide exposure to a variety of other crypto assets.

If Veritaseum is successful and widely adopted, VERI tokens may also be used to buy non-crypto assets, like stocks.

How can VERI appreciate?

One major challenge for Veritaseum to overcome is its questionable reputation in the cryptocurrency community. Many people see Veritaseum as a “scam.” If the project can prove itself as legitimate and improve its reputation, its token value may appreciate considerably.

Veritaseum offers its users different features with the VeDAIR suite. One such feature is the VeRent app that gives token holders the opportunity to rent their VERI tokens and generate dividends by doing so. This mechanism is similar to staking mechanisms used by other cryptocurrencies, and may encourage individuals to acquire more VERI, driving up its price.

What is the difference between Veritaseum and its competitors?

In an official Veritaseum video, Reggie Middleton explains that the project is different from its competitors because it uses blockchain technology for the benefit “of bank clients and customers, not the bank themselves.”

VeADIR is a platform built with VERI tokens in mind that can be used for research of trends in crypto. It is a product offered to institutions that is separate from the Veritaseum project but is tied to it through use of the VERI token. Proponents of Veritaseum hope VeADIR will lend legitimacy to the project.

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