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We have created this document to illustrate the Veritaseum architecture and value proposition. Veritaseum is a peer-to-peer software suite. It is not a security, and it is not an exchange. What it is is something, new... disruptive... and transformative.

Please persuse the downloadable PDF to learn more... What is Veritaseum?

 

We need it to be perfectly understood that the Veritaseum token rental facility is a vehicle for conducting peer-to-peer, over-the-counter token transactions. It is not an exchange, nor an offer to buy nor sell securities. Now that we have gotten that out of the way, we would like to prepare to introduce the rental app ahead of both the more institutional VeADIR and research offerings (reference Veritaseum Autonomous Distributed Interactive Research (VeADIR)). You may download a beta of the rental app here. Please forward all bugs and usability issues to us via the contract form above.

  1. General setup

  2. Open your Google Chrome browser and setup MetaMask. You can find tutorial here (https://www.cryptocompare.com/wallets/guides/how-to-use-metamask/)
  3. Once you have your account ready navigate to VeRent app and verify your active account in the right panel.
  4. VeRent consists of two areas, one for token renters “Get Veri Tokens” and one for token owners “Offer Veri Tokens”

How to offer VERI Tokens

If you would like to offer rental of your VERI tokens navigate to “Offer VERI Tokens” tab and set your VERI deposit by clicking on the “deposit” button in the header. The tokens won't be transferred to the contract just yet, the value is just an allowance for use in the rental app. You will be asked to sign a transaction in a Metamask dialog window.

After the transaction has been accepted, the new deposit value will appear in the sidebar.

Next, fill the form in the right panel which requires you to provide Amount, Price, Duration and Expiration. Expiration is not mandatory, by default your offer never expires but you can cancel it before it is accepted. On the top of the form you can also find the current ratio of VERI to ETH. After you fill the form, press Order to create new Offer

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MetaMask plugin will ask you to confirm your transaction in a popup window. Until the transactions is complete and added to the blockchain, you will see a pending transaction in My offers table. Processing on Blockchain takes considerable amount of time, so please arm yourself with patience, usually your transaction should be completed within around 20 seconds.


When processing is complete you will see your offer in “My offers” table.


On the right side of the row you can see available actions. To see the transaction in blockchain explorer click “open in new” icon. To cancel the offer click “trash” icon.


Once your offer is accepted it will be moved from “My offers” table to “Opened exposures”. At this point ether and VERI tokens are transferred to the contract. You can track the status of exposure in columns “Time Left” and “Projected ROI” calculated based on the average ROI.


After the exposure time has elapsed, the status changes to “closing”. It may take some time until the exposure is finalized and the funds locked in it available.

Once exposure is closed, it is moved to “Closed exposures” and updated with the actual ROI. You can withdraw your funds. In order to do that, click “coin” icon in the right side of the table row.


Alternatively to creating new offer, you can accept existing ones, You can find them in  “Get Veri Tokens” tab “Offers” table. To accept an offer click “shopping cart” icon.

 

How to get VERI Tokens

If you would like to rent VERI tokens, fill the form in the right panel with Amount, Price, Duration and Expiration. Expiration is not mandatory, by default your offer never expires and you can cancel it before it is accepted. On the top of the form you can also find the current ratio of VERI to ETH. After you fill the form, press Order to create new Offer.


MetaMask plugin will ask you to confirm your transaction in a popup window. Until  the transaction is completed and added to blockchain, you will see a pending transaction in My offers table. Processing on Blockchain takes considerable amount of time, so please arm yourself with patience, usually your transaction should be completed within 20 seconds.


When processing is completed you will see your offer in “My offers” table, and given that its not expired yet you can also see it in “Offers” within “Offer Veri Tokens” tab.


On the right side of the row you can see available actions. To see the transaction in blockchain explorer, click “open in new” icon. To cancel the offer click “trash” icon.

Once your offer is accepted it will be moved from “My offers” table to “Opened exposures”. At this point provided ether and VERI tokens are transferred to VeRentExposure. You can track the status of exposure in columns “Time Left” and “Projected ROI” calculated based on the average ROI.

After the exposure time has elapsed, the status changes to “closing”. It may take some time until the exposure is finalized and the funds locked in it available.



Once exposure is closed, it is move to “Closed exposures” and updated with the actual ROI. You can withdraw your funds. In order to do that, click “coin” icon in the right side of the table row.


Alternatively to creating new offer, you can accept existing ones, You can find them in “Offer Veri Tokens” tab “Offers” table. To accept an offer click “shopping cart” icon.



 

 

VeADIR Portfolio

Click on the “VeApps” link and select “VeADIR Beta”


The table contains a list of Ethereum tokens and tokenized assets (crypto and physical) currently in the VeADIR portfolio.



 

 

Ve Tokenized Assets Manager

Ve Tokenized Assets Manager consists of admin web app, asset configuration Google Docs spreadsheet and an Ethereum registry contract.

The admin app reads data from a spreadsheet via Google Docs public API and displays asset information in a table for the admin to accept by sending a transaction to the registry contract using their Metamask Ethereum account.

Creating a new asset starts with adding a row with asset information in the spreadsheet. The information includes the name and symbol of the token, type, supply, and a list of key-value pairs defining the source of the tokenized asset.

The spreadsheet periodically fetches information from Etherscan API. Asset properties are highlighted when not in sync with the blockchain.



Any modification made to the spreadsheet (including new token additions) shows in the admin web app. Changes are marked as “new” or “changed” depending on whether they apply to a new token or an existing one.


Selecting a row in the table opens the review dialog pane which allows verifying the details of the change before making it permanent on the blockchain.


After clicking on “Create” button, a standard Metamask transaction dialog shows up. By sending the transaction to the registry contract the admin creates a new Ethereum ERC2-compatible contract  representing the tokenized asset.


The “Blockchain” spreadsheet contains read-only data on actual state of tokens on-chain.


The following describes a material part of the solutions that we are offering institutions during the 4th quarter of 2017. Please be aware that this is an institutional, P2P and OTC product, akin to a real estate purchase between two institutions. It is not intended to be a security nor an exchange. The VeADIR is the product that was demonstrated to the Jamaica Stock Exchange management last week. 

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