April 18 2022
What is Veritaseum (VERI): Where To Buy and Store VERI
Veritaseum gives investors access to smart contracts and instruments that facilitate management of investments. Besides, the investors can transfer values with other users.
This platform seeks to eliminate all intermediaries like middlemen and advisors in the capital markets ecosystem. Veritaseum itself does not claim to replace these services but rather act as a vendor of services thereby allowing giving users additional freedom and access.
Veritaseum deploys certain tools and software to give users access to the peer-to-peer capital markets. Users are able to purchase access to the smart contracts using VERI. These smart contracts are what manage Veritaseum services. There are a number of Veritaseum products:
VeADIR – through VeADIR, users can perform such functions as data requests, pulling of research findings and asking questions on pay-per-query basis. They are usually in exchange for a small fee in VERI.
VeRent – This tool performs a simple but important function; VeRENT is the channel for users to conduct peer-to-peer token transactions.
VeResearch – The platform’s research driven vehicle operated by man-controlled modules.
VeExposure – This tool gives users access to ‘exposures’ which is essentially what VeAdir
VeManagement – The management portfolio.
VeTokenization – This is a significant service as it allows users to tokenize assets subject to the approval of Veritaseum management.
This is one facet among a few of the company’s operation that raises eyebrows. Indeed, Veritaseum conducted a successful ICO in May 2017. However, Reggie Middleton, the founder claimed just a few weeks later that hackers had stolen $ 8 million worth of tokens at the time.
This sensational development coupled with the fact that the platform lacks a concise whitepaper continues to raise doubts. Additionally, the circulating amount of VERI is only two percent of the total supply. This is definitely low by any standard. It would therefore be proper to advise anyone investing in this coin to do their due diligence first.
Where To buy and Store VERI
The most active VERI market is ForkDelta. Accordingly, over 50 percent of the trade volume on this platform is from VERI/ETH pairs.
Veritaseum wallet options are many. This is because the token is an ERC-20 and works with any Ethereum compatible wallet. A few examples are MyEtherWallet for online storage and the likes of Ledger Nano S for secure long term storage.
In conclusion, Veritaseum is as promising as it is intriguing. The unique functions it plays and presence at about 50thposition per Market cap are positives. However, the development team has to be more pro-active and improve communication to ensure the questions that still linger are gone.