Research

Galleon Quest intends to form strategic partnerships or joint ventures with companies in the shipwreck exploration industry that have already devoted their time and resources to finding treasure. The Company plans to invest the capital necessary for the final recovery and take a share of the treasure recovered. The Company’s share of the treasure will be held as assets or sold for reinvestment in the crypto market, thus creating the first treasure-backed cryptocurrency in the form of Galleon Quest SEA coin.

To use the Õpet platform, a user can download the application and create a log-in. The app initially asks the user to take a psychometric test that will help in the personalization of the application. The user can read, take tests, and summarize notes for their revision over the app. The payment for accessing Õpet services can be made either by ÕPET token or by fiat using iTunes or Android Pay.

The Nexo platform plans to provide cryptocurrency holders instant loan overdraft facilities against their cryptocurrency holdings. Initially, the user needs to transfer his crypto assets to his/her Nexo wallet account, where the detailed valuation of his/her crypto assets is done. A loan limit is determined using the Nexo Oracle and the loan limits are correlated with the market value of the crypto assets in the Nexo wallet. Once the loan limit is set, the crypto assets are locked as collateral using smart contracts, and the loan is immediately available to the user by bank transfer or Nexo credit card. Users have multiple ways to repay the loan including bank transfer, fiat, and cryptocurrency. The user is expected to get a discount if the repayment is made in NEXO tokens. Once the repayment is complete, the user can withdraw his/her digital assets from the Nexo wallet. Also, tokens can be withdrawn if the crypto assets in the wallet meet the required limits of the outstanding loan balance. The Company will generate its revenue through interest on the loans. However, the Company has not stated the amount of interest they will charge. As an alternative, the Company is expected to issue a Nexo Credit Card that will be free for Nexo wallet users. No minimum monthly payment will be required as long as the outstanding balance is within the credit limit.

The following is the first of a series of contributions form Paul Shea, PhD; a macro economist who will be writing independent thought pieces for Veritaseum’s VeADIR customers and clients. This piece targets VeGold customers. Since this is such a potentially controversial and thought-provoking topic, I had the manager of our resident forensic analysts, Manish Kapoor, respond to Mr. Shea’s piece. Finally, I have added my twenty-two cents (my two cents levered 10x) at the end, with the usual chart porn.

Reggie Middleton

Veritaseum Disruptor-in-Chief

Nigerian is the leading oil exporter in Africa

In terms of population base and size of the economy, Nigerian is one of theIn terms of population base and size of the economy, Nigerian is one of thelargest countries within the African region. Nigeria heavily depends on the oilsector for foreign exchange earnings as it is one of the leading oil exporters andthe largest crude oil producer in Africa and also accounts for the largest naturalgas reserves within the continent‒ However, the Oil & Gas sector comprises only 8.5% of the Nigerian GDP