## 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](https://coinmarketcap.com/alexandria/glossary/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.


#### What Makes Veritaseum Unique?

Veritaseum is a software company, and VERI is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) crypto token that is used to pay for the products and services of Veritaseum. VERI is based on the Ethereum ([ETH](https://coinmarketcap.com/currencies/ethereum/)) 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. 


#### Related Pages:

Learn more about [Wanchain](https://coinmarketcap.com/currencies/wanchain/).

Learn more about [Utrust](https://coinmarketcap.com/currencies/utrust/).

Check out the top 10 celebrities who own Bitcoin on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/top-10-celebrities-who-own-bitcoin).

Improve your crypto knowledge with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### 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 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.


### Where Can You Buy Veritaseum (VERI)?

If you are interested in buying, trading, or selling Veritaseum (VERI), you can do so on:



*   [Mercatox](https://coinmarketcap.com/exchanges/mercatox/)
*   [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/)

If you don’t know how buying cryptocurrency works, you can view our [full-fledged guide](https://coinmarketcap.com/how-to-buy-bitcoin/) that will teach you everything you need to purchase Bitcoin ([BTC](https://coinmarketcap.com/currencies/bitcoin/)).


Veritaseum

Trust Wallet

MetaMask

Welcome to Veritaseum's Community channel aggregated by CoinMarketCap.

Ethereum

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Uniswap

UNUS SED LEO

Immutable

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FLOKI

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Holograph

TENET

Metahorse Unity

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

Populous is a network designed to offer small and medium-sized enterprises (SMEs) invoice liquidity for up to 90 days. Launched in 2017, Populous is designed to enable peer-to-peer (P2P) interaction between enterprises, boost liquidity and solve problems with working capital for SMEs.

By relying on blockchain technology and smart contracts, the Populous network facilitates decentralized communication between businesses and allows them to share liquidity pools. According to the network’s official whitepaper, there is a need for liquidity in the sector, and Populous is trying to bring the solution. By providing short-term liquidity to enterprises through P2P lending, the network gives enterprises quick access to capital, which cannot be achieved by waiting for customers to settle invoices.

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Bifrost

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On the flip side, borrowers can take a secured loan from any Strike pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 80%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

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The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.

ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.

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ABBC Coin

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Mainframe Token (MFT) is the native utility token that is used for:

Governance votes

Staking to ensure the safety of the protocol

Rewarding contributors to the ecosystem

What can you do with the Hifi Lending Protocol:

Borrow:  Lock collateral in a vault to mint fixed-rate, fixed-term debt tokens.  These debt tokens can be swapped for instant liquidity allowing users to leverage long, yield farm, or pursue other strategic trades without selling their collateral tokens.

Lend:  Buy fixed-rate, fixed-term debt tokens for a discount.  When the term expires they can be redeemed for face value, earning lenders a predictable return on their investment.

Provide Liquidity:  Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).

Mainframe

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MediBloc

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SALT Lending has a native token, called SALT, that can be spent to reduce the interest rate on a loan and can be used as a secondary form of loan collateral. Currently, SALT is redeemable at a $7.50 value for interest reductions on loans, a policy and valuation which are subject to change.

The company was launched in 2016 and is operated by Salt Blockchain Inc., a for profit entity, Salt Lending LLC: Salt Master Fund II, LLC – NMLS 1711910.

SALT

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NXM can only be traded among Nexus Mutual members, while wNXM is fully tradable but can't be used at all within the Nexus Mutual protocol.