Veritaseum (VERI), although not in the spotlight by a common case, represents an interesting solution for the global capital market, offering blockchain-based solutions for acquiring operational capital for companies that are just starting out and are in need for a monetary push.
Moreover, Veritaseum is said to have the main objective of disrupting the global capital market by reimagining the traditional banking and financial systems.
VERI is currently ranked aiming the top 100 currencies, taking the spot of the 81st best crypto with the market capitalization of around 75.2 million dollars.
What is Veritaseum?
Veritaseum is a blockchain-based ecosystem with a peer-to-peer model of the capital markets in form of software, launched back in July o 2017 with a pre-sale that took place in April.
Currently ranked as the 81st currency while being traded at the price of nearly 37$ per one VERI unit on August 20th, Veritaseum is an US-based asset that aims at changing the global capital market.
Veritaseum is said to use proprietary smart contract integrations in combination with blockchain technology, which enables this project to participate in changing the face of global capital.
One of the most notable solutions that this blockchain project has to offer is Veritaseum Rental Facility that enables users to offer and or get VERI tokens per request.
Veritaseum is hosted on Ethereum chain, thus requiring access to MetaMask for gaining access to Veritaseum Rental Facility.
The users can adjust the price, duration, amount and expiration, that way enabling token rentals through accurate on-chain executions, enabled to use the VERI tokens under the agreed terms and without the presence of third-parties, which is one of the main goals for this blockchain startup – removing unnecessary middlemen.
Veritaseum also offers other solutions like Autonomous Dynamic Interactive research, VeManagement, VeExposure, VeReasearch, and VeTokenization.
While VeExposure allows users to increase performance and lower expenses with full control over custody and private keys for full exposure and transparency for VERI tokens and Ether (ETH), VeResearch enables access to fundamentally extensive analysis that should aid investors and VERI users to predict the market outcomes, including returns and losses.
Another handy solution the platform is offering is asset tokenization, moreover announcing the issuance of a Veritaseum token called VeGold, stating that VeGold has acquired stability in the market against the fiat alongside with going up against Ether as well.
All in all, Veritaseum is set to provide an ultimate support for capital markets participants with the idea of completely removing the need for third-party intermediaries.
Among the above-mentioned solutions, VERI is
Veritaseum VERI up by Over 28% in a Single Day
It seems that after a year-long involvement in promoting blockchain-powered reimagining of the global capital markets, VERI is starting to gain momentum from investors as visible in the last rise of its value.
In a single day, despite the bearish market trend going on and off, VERI managed to spike up by over 28% against the fiat also surpassing Bitcoin and Ethereum with rises of 27.66% and 33.36% against BTC and ETH.
During the past 60 days, VERI did fall by -50%, declining due to the bearish market trend that took 50% of value across more than 90% of trading cryptocurrencies. However, VERI is showing some amazing progress against the fiat rising by 36% in the past week while the majority of toppers are showing negative results over the course of the last seven days, also going up by 14% in the period of 14 days.
Veritaseum’s VeAIDR Supported by Trezor Hardware Wallets
Veritaseum’s solution VeAIDR, otherwise known as Autonomous Dynamic Interactive research, as announced by the VERI team representatives is now supported with VeAssets by Trezor hardware wallets.
The solutions are supported by Trezor through MetaMask, creating a secure ecosystem backed up by strong encryption.
Moreover, the team announced an extensive analysis of Turkish banks, in an attempt to showcase the real-life usage of VERI. Within the analysis, the team will create a report explaining how Turkish banks using lira could improve performance by going for VeGold, the token that was most recently issued by Veritaseum team.
The team also added that they will be creating reports for the ruble, peso, and rand, in form of proposing utilization of VeGold token, which, as stated by the team, represents the cheapest solution with the addition of multiple blockchain-based services.