What is Veritaseum (VERI)?
Veritaseum provides its users and clients with several tools dedicated to trading and financial markets. The main component of Veritaseum is the VeADIR (Veritaseum Autonomous, Dynamic, Interactive Research) trading platform, which is an autonomous financial machine, or trading algorithm, that exposes VeADIR users to a number of trading opportunities, including strong buy positions and highlights of undervalued or under-reported assets. Buy Veritaseum (VERI) India – BuyBitcoin.
Veritaseum’s products are not dependent on a blockchain, as they can be moved to different blockchains. It is claimed that some engineering efforts will be required to switch between the block chains. We see that most new blockchains are designed to be backward compatible with Ethereum applications.
How does Veritaseum work?
On a fundamental level, Veritaseum offers its users the tools and software to engage in a peer-to-peer capital market. Using VERI, the platform’s utility token, users can purchase access rights to the smart contracts that manage the platform’s services.
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These products range from self-custody escrow services to financial analytics/research data and even asset tokenization. All of these services make up the collective Veritaseum platform, and each can be accessed independently from each other.
Veritaseum Team and Roadmap
Project founder Reggie Middleton is an entrepreneurial investor who has experience advising or managing hedge funds, traders, investors, and global banks. He’s also a self-proclaimed augur of “the fall of Bear Stearns, Lehman Brothers, GGP (2nd largest US retail REIT), and the European sovereign debt crisis amid nearly 100 successful macro and investment calls.”
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Patryk Dworznik, the project’s full stack developer, has 15+ year of software engineering experience and is responsible for creating the Veritaseum java client. Manish Kapoor, Reggie’s right-hand man, has management experience in such companies as Deloitte and S&P India.
Despite the major criticisms levelled against Veritaseum, there is potential future profit to be made, especially if VeADIR attracts more users and it is confirmed that the platform is as effective as it claims to be. However, there is huge risk associated with VERI, much greater than that of coins with similar market caps. The price of this coin can be manipulated heavily at the whim of the team. If they decide, at any point, to sell some portion of their coins, the price will tank. Additionally, low daily volume numbers (barely US$150,000) suggest there is not as much organic interest in the project as the market cap may imply. Potential investors should certainly be cognizant of the risks associated with this coin and do ample research before making any purchases.
Buy Veritaseum (VERI) in India
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