We have released a feature complete version of our VeADIR product (look here if you don't know what the VeADIR is, click here if you need to know what Veritaseum is) for private beta to those who own 1000 or more VERI tokens or strategic partners. It is literally a technological and financial marvel and is definitely the first of its kind. This email address is being protected from spambots. You need JavaScript enabled to view it. if you want to learn more. 

Here are the directions to get started for those who have the access link.

  1. Get Started in the VeADIR

    Opening Digital Asset Exposures using Ether and Veri

    VeADIR:  Veritaseum Autonomous Distributed Interactive Research

    The VeADIR research, exposure, and token rental software platform is a vehicle for conducting peer-to-peer, over-the-counter token transactions. It is not an exchange, nor an offer to buy or sell securities.  The VeADIR is currently in private beta test. Access is restricted to Veritaseum employees and contractors only.

    Table of Contents

    1. 1. VeADIR Setup 3
    2. 2. VeExposure 4
    3. 3. VeRent 5

    3.1 VeRent:  Get VERI Tokens 5

    Accept Existing Offer (Get VERI) 6

    Submit New Offer (Get VERI) 7

    3.2 VeRent:  Offer VERI Tokens 9

    Accept Existing Offer (Offer VERI) 9

    Submit New Offer (Offer VERI) 10

    1. 4. MetaMask Setup 11

    Beta Terms & Conditions:  Please note that this is a beta version of VeADIR.  At this time, you will not be allowed to use any of your own ETH or VERI tokens during the beta period. As a contract beta tester, Veritaseum will load a nominal amount of ETH and VERI into the application for your use. After you have completed at least three months of testing, you will be allowed to keep any tokens loaded into the app for your use as compensation for your participation.  Should in the future, you be able to use your own tokens to test or use the VeADIR, the following conditions will apply: Although we strive to prevent any loss of tokens during the beta period, there is a material chance of loss of tokens placed into this app. By participating in this beta, you acknowledge there is a material chance of loss of any tokens placed in the app. By sending ETH and/or Veri tokens to this app, you acknowledge that your funds will be locked in the contract until the end of the orders/exposures you submit or until the exposure closure and P/L distribution procedure is executed by Veritaseum.  You also acknowledge that there is a material risk of loss of said tokens. The size of orders and exposure duration are limited, current limits can be found next to corresponding form fields. The underlying VeADIR contract executes simplified trades that in many cases may result in losses. You will find a list of the assets VeADIR has traded on the “VeADIR Beta” portfolio page.

    To get started in the VeADIR, you will need to perform a one-time setup.  Once that is complete, you can open an exposure directly, using the ETH and VERI we provide.  Alternatively, you can make or accept an offer to rent another users VERI to open an exposure.

    After completing the setup, you can open an exposure by any of these methods:

    1. Open an exposure the VERI and ETH we provide (easiest and fastest)
    2. Get VERI Tokens to open an exposure with the ETH, and rent another user’s VERI
    3. Offer VERI Tokens to open an exposure by renting your provided VERI to another user, who uses their  ETH

    1. VeADIR Setup

    Go to the VeADIR Portfolio page.

    Before you can use the VeADIR, you will need to do the following one-time setup:

    1. Install Metamask and setup account
    2. We will then fund your account with ETH and/or VERI
      • Note: a small amount of ETH, which we will provide during this beta,  is required (as gas) for all transactions
    3. [Optional] Click My Currency drop-down to select your preferred currency (USD, ETH, BTC, EUR, GBP, CNY, JPY)
    4. Enable Tokens
      • Click menu icon in upper left corner (3 horizontal bars)
      • Click Enable tokens at the bottom of the slide-out

      • On the pop-up, ensure the slider is set to Enabled,then click Update

      • Submit the Metamask transaction(s)

    2. VeExposure

    Opening a new exposure directly is the easiest and quickest way to gain exposure to the VeADIR’s digital assets.  This option is appropriate for any user skill level (beginner to advanced).

    1. Click menu icon in upper left corner (3 horizontal bars)
    2. Click VeExposure
    3. Click the orange  “+” icon in the upper right corner; the “Open Exposure” panel will open from the right side
    4. Enter the Exposure Value denominated in VERI; the Exposure ETH value will automatically calculate and display in your selected currency
    5. Enter the Duration
      1. How long the exposure will remain open (if not closed early) in the selected duration type
      2. Select Hours, Days, Weeks, Months (30 days) or Years (365 days) from the drop-down
    6. Click “Submit”
    7. Submit the Metamask transaction
    8. Upon successful completion, the Exposure will be displayed in “Opened Exposures”.  

    3. VeRent

    Both ETH and VERI are required to use the VeADIR.  If you have ETH but do not have VERI (i.e. “Renter”), you are still able to open an exposure by renting another user’s VERI (i.e. “Rentee”). In this case you would “Get VERI” to use with your ETH.

    To rent VERI tokens from another user, use the rental facility.  The VERI rentee will receive the agreed-to percentage of profits upon closing of the Exposure.  The ~5% fee is paid in VERI by the VERI rentee, and is retained by the VeADIR to cover the research and platform fees.  

    If the Exposure closes with a profit, the rentee and renter each receive a percentage of the profits paid according to the agreed-to ROI percentage split.  In the event of an Exposure loss, the renter absorbs the full loss (in ETH) and the rentee receives nothing (5% VERI fee is retained by VeADIR). The VERI renter (user with ETH) has the option to close the Exposure early.  In this case the same rules apply as a closure at the duration expiration, except that the renter must settle in ETH and cannot take delivery of the assets. This ensures the rentee will receive an ROI payout (assuming positive ROI) for renting out their VERI tokens.

    3.1 VeRent:  Get VERI Tokens

    1. Click menu icon in upper left corner (3 horizontal bars)
    2. Click VeRent  
    3. Click Get VERI Tokens (tab will highlight with orange bar under text)

    “Offers” displays a list of open rental offers from VERI holders.  Accepting an existing offer is the fastest way to open an exposure.  

    Value: Exposed value in displayed currency

    Amount: Price in VERI (fee) to access the VeADIR research and platform

    Price: Percentage of exposure profit paid (in ETH) to VERI rentee from renter’s ROI profit

    Duration: Calendar period during which exposure is open (can be closed early by renter)

    Expiration: [optional] Period of time remaining before offer expires

    [Cart Icon]: Shopping cart icon - click to accept offer

    Select an existing offer by clicking the shopping cart icon.  Submit the Metamask transaction, accepting the default values.  Upon successful completion, the offer will be closed out from “Offers” and added to “Opened exposures”.

    Accept Existing Offer (Get VERI)

    1. Ensure you are on the Get VERI Tokens tab on the VeRent page
    2. Browse the available offers in the upper left pane named “Offers”
    3. Fields are sortable by clicking on any of the column headers
    4. Click the Shopping Cart icon to select an Offer
    5. Read the informational pop-up message and click Continue
    6. Metamask will pop-up and a greyed-out row will be added to “My offers”, pending successful transaction confirmation
    7. Click Submit on Metamask pop-up
    8. Offer will be moved to “Opened exposures” once the transaction has been confirmed

    If none of the listed offers meet your requirements, you can open your own offer.

    Submit New Offer (Get VERI)

    1. Click the orange  “+” icon and the “Get Veri” panel will display.
    2. Enter the Exposure Value denominated in ETH
    3. Enter the Price as a % of the exposure ROI you (“Renter”) are willing to pay to the owner of the VERI (“Rentee”) as rent
    4. Enter the Duration
      1. Select Hours, Days, Weeks, Months (30 days) or Years (365 days)
      2. Enter how long the exposure will remain open (if not closed early)
    5. [optional] Enter the Expiration
      1. Select Hours, Days, Weeks, Months (30 days) or Years (365 days)
      2. Enter how long the offer will remain open (if not manually cancelled)
    6. Click “Submit”
    7. Submit the Metamask transaction
    8. Upon successful completion, the offer will be displayed in “My offers”.  

    Note:  Your open offers to rent VERI from others will not be displayed in your  “Get VERI:  Offers”, but your offers will be viewable by all other users.  To cancel an open offer, click on the trash can icon.

    3.2 VeRent:  Offer VERI Tokens

    If you have VERI but do not have ETH, you can open an exposure by renting your VERI to another user. In this case, you would “Offer VERI” to let another user rent your VERI and use it with their ETH to open an exposure.

    1. Click menu icon in upper left corner (3 horizontal bars)
    2. Click VeRent  
    3. Offer VERI Tokens is the default

      The tab should be highlightedorange under text;  if not already selected, click Offer VERI Tokens

    “Offers” displays a list of open offers to rent.  Accepting an existing offer is the fastest way to open an exposure.  Select an existing offer by clicking the shopping cart icon next to it.  Submit the Metamask transaction, accepting the default values. Upon successful completion, the offer will be closed out from “Offers” and added to “Opened exposures”.

    Accept Existing Offer (Offer VERI)

    1. Ensure you are on the Get VERI Tokens tab on the VeRent page
    2. Browse the available offers in the upper left pane named “Offers”
    3. Fields are sortable by clicking on the column header
    4. Click the Shopping Cart icon to select an Offer
    5. Read the informational pop-up message and click Continue
    6. MetaMask will pop-up and a greyed-out row will be added to “My offers”, pending successful transaction confirmation
    7. Click Submit on the MetaMask pop-up
    8. The offer will be moved to “Opened exposures” once the transaction has been confirmed

    If none of the listed offers meet your requirements, you can open your own offer.


    Submit New Offer (Offer VERI)

    1. Press the orange “+” sign in upper right

    2. “Get Veri” pane will open

    3. Fill in fields with desired values:


      • Amount – quantity of VERI to rent; will require 100x this amount in ETH which will be used to fund the Exposure
      • Price – numeral representing the rental rate as a % of the profit to be paid to the Rentee by the Renter once the Exposure is closed
      • Duration – number of hours|days the Exposure will remain open
      • Expiration [Optional] – number of hours|days the Offer will remain open, if it is not accepted by another user; leave blank to never expire or cancel manually)
    4. Read the informational pop-up message and click Continue
    5. MetaMask will pop-up and a greyed-out row will be added to “My offers”
    6. Click Submit on MetaMask pop-up
    7. The offer will be moved to “Offers” (on the “Offer VERI Tokens” tab) once the transaction has been confirmed
    8. The offer will be listed in the “My offers” pane and remain open until Accepted (by Rentee) or Cancelled (by Renter)
    9. Upon successful completion, the offer will be displayed in “My offers”.  

    Note:  Your open offers to offer VERI for rent will not be displayed in your “Offer VERI:  Offers”, but your offers will be viewable by all other users.  To cancel an offer, click on the trash can icon.

    4. MetaMask Setup

    1. From your computer browser, go to https://metamask.io
    2. Get Extension | Addon (choose appropriate one for your browser)
    3. Accept pop-up window(s)
    4. Create password (or Import Existing Den to import account via seed words)
    5. Edit account name to personalize it (you can have multiple accounts)
    6. Click the 3 dots … then Export Private Key (save in a safe place offline!)
    7. Click the 3 horizontal menu bars (upper right)
    8. Click Settings
    9. Click orange “Reveal Seed Words” then enter password and click orange OK button
    10. Copy seed words to a safe place and/or save seed words as a File
    11. Veritaseum will then send ETH (and optionally VERI) to the account
      1. Click the 3 dots … Copy Address to clipboard
      2. Use this address to send ETH from Coinbase, Gemini, hardware wallet, etc.
    12. Alternatively, click the orange Buy button to buy ETH from Coinbase or ShapeShift
  1. Ve Tokenized Assets Manager

 

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


The admin app reads data and formulaic representations 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.

The back end portfolio manager automatically spins out tokens based on any physical, digital or logical asset and places it on the blockchain where it can be verified through a blockchain explorer. These tokens can be highly customized both in their construction and in their pricing - all through the Veritaseum back end.

 

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IMPORTANT!

You must be holding more than 3,333 VERI, be an identifiable accredited investor, or be a member of a family office or qualified purchaser ($5M in assets or higher) to gain access to VeADIR beta.