Veritaseum is among the best performing digital assets this year – at some point, it made an ROI of 100x, but recently heavy accusations surfaced of it being a scam. We did extensive research on more than 40+ indicators to try to find out the truth about it and see if it is a good idea to invest.
Veritaseum is a software platform, backed by tokens (Veritas) built on the Ethereum platform. It utilizes smart contracts and the blockchain to wrap itself around digitalized (veritized) contracts and financial securities, in order to cut out the middle man in financial markets.
Conclusion:
- Very dangerous investment with many red flags. However, it has the potential to disrupt the financial industry.
- People calling it a scam. Max supply 100 000 000 coins, each worth $117 – how much more can it go up? 98 million tokens retained by founder, but he claims those are reserved to be sold in bulk to large clients on Wall street.
- Ugly website preoccupied with explaining how to buy the token, and no information about what the token does.
- Bearish market trend. Most of this can add up to making the coin extremely undervalued (because people are scared), however, I am not very confident in the operation behind it.
- What they promise to deliver is huge and ambitious, and I am still trying to wrap my head around it since there’s the potential to tap a multi-trillion dollar market. The eventual downfall from $100 is too risky with that many red flags, in spite of the several bullish indicators. I will be happy to miss the opportunity to make some gains even though I hope this project succeeds.
- It has already made 100x for ICO-buyers, so we might’ve missed the meat of the opportunity. At a price varying between $100-200 per token, in a market where aside from Bitcoin, people aren’t used to paying hundreds of dollars for a crypto, maybe there is little further to go (and by little I mean 2x-3x?). It is worth mentioning, though, that the Jamaica Stock Exchange is very interested in a joint-venture with Veritaseum.
This is just a summary, you can read the whole analysis in excruciating detail here: https://cryptohydra.com/crypto-reports/veritaseum-veri/
Disclaimer: This is not investment advice, it is merely an opinion for informational purposes. Investing is a risky matter, people should do their own research and we are not liable for potential losses.
