What is Veritaseum
Veritaseum is a smart contracts-based, peer-to-peer wallet interface (in beta) that currently interacts with Bitcoin blockchain (to be ported to Ethereum).
It allows non-technical individuals & entities to quickly create, enter and manage smart contracts directly with others without an authoritative 3rd party. It was the first of its kind written on a public or private blockchain.
Problem Being Solved
Financial institutions that control most global transactions have a structural deficiency in their business model - overcompensation. Up to 60% of gross revenues are paid out to employees. This "structural deficiency" in the financial entity business model is passed as higher
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A hedge fund recently made news by securitizing its LP units as digital tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that should truly challenge the extant VCs right? Well, yes and no. You see, the tokenized thingy is cool and all, but it really doesn't take full advantage of the technology at hand. After all, 2.5% & 25% is a pretty steep fee. Veritaseum, in anticipation of its upcoming ICO (online road show and executive summary and token purchase tutorial), is prepping to launch
For Immediate Release - NY
Reincarnation of the DAO, done correctly
Autonomous robot selects ICOs and startups without a fund manager or VC
Use of “Zero Margin” model drives prices and compensation through the floor - Excellent for consumers, death knell for fund managers/VCs.
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The future of finance, ICO slated for April 25th, 2107 at US market open
The man that called Bear Stearns, Lehman, the Real Estate and EU Sovereign Debt crashes, as well as mobile tech booms, is now mobilizing his firms blockchain technology to go head-to-head with the captains of global industry - Wall Street.
Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu of going through middlemen, intermediaries and authoritative 3rd parties. We are holding an ICO for our Veritas tokens: the sole means of accessing the vehicles for the P2P economic markets. Here is an overview of the ICO details. The online Veritas presentation deck is rich with descriptions and links to other documentation and instructions on participating should you want to dig in deeper.
The Veritas deal sheet is now available for download.