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Monday, 03 April 2017 13:25

This Is Ground Zero for the 2017 Veritas Offering. Purchase the Keys to the P2P Capital Markets Featured

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Getting Started Down the Road to Purchasing the Keys to the Peer-to-Peer Capital Markets

Veritas sale date: 9:30 am, EST - April 25th, 2017

This Veritas Offering Summary is available for download and sharing with live links. A step-by-step guide to purchasing Veritas can be downloaded here.

The Veritaseum token offering - Veritas - is now available for sale (as of today, 9:30 am, eastern standard time - 4/25/2017). If you are already familiar with Veritaseum and our tokens offering, you can proceed directly to our purchase instructions (by downloading purchasing our tokens, you assent to our Term and Conditions and Purchase Agreement). Click here to proceed to the Veritas 2017 Token Purchase: Step-by-Step Tutorial

For those who prefer a quick primer on Veritas, please proceed to the Veritas Informational Tear Sheet with live links to a plethora of information. 

A long form, interactive presentation can be found  here in the form of a virtual roadshow - Informational Presentation. To get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be.

A last minute Q&A and AMA (ask me anything) video on the Veritas sale can be found here

Veritas Deal Sheet

An Executive Summary

Informational PresentationTo get the most out of such a dense offering, be sure to make use of the interactive table of contents on the 2nd slide, and please click through all of the videos, links to download the various documents and take your time to read and understand what Veritas is and is not, and what Veritaseum is and plans to be.

Veritas Product Purchase Agreement

Terms & Conditions of the Veritaseum 2017 Veritas Sale

 

Veritas 2017 ICO Purchase: Step-by-Step Tutorial

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand theTerms & Conditions of the Veritaseum 2017 Veritas Sale..

_______________________________________________________________________________________________________________

  • Veritaseum Token Tutorial

In order to use anything on the Ethereum network a person needs to have an Ethereum account. The easiest way to do this, is with MyEtherWallet

  • Generate an Ethereum Account

  • Step 1

Click on Generate Wallet and enter a good password. You will always be able to regenerate the same account from the same password.

Click download and save the json file BUT keep this file safe and private. Any person who gets their hands on this file can now access your account, so store it safely.

Open the file and look at ciphertext. This value is your private key. This private key is the part that MUST be kept secret.

Copy this ciphertext/private key into memory and go to the View Wallet Info tab at the top of the page.

Select the Private Key radio button and paste your private key into the box. Click Unlock.

Now you can access your Ethereum account! It is here that you will find your Ethereum address, view the balance that this account has in it, view any tokens that it has, and other interesting things also.

  • Get Ether

As you can see, new accounts do not hold any Ether and you will have to get some.

Click on the Swap tab at the top of the page to exchange your bitcoins for Ether. Alternatively you may use ShapeShift. Be aware that this method is more expensive than sourcing Eth of exchanging it through an established token exchange, ie. Poloniex or Coinbase.

Exchange for VERI Tokens

Once you have some Ether, you are ready to exchange those Ether for Veritaseum Tokens!  One VERI Token costs 0.03333333333 Ether, so for one Ether you get 30 VERI Tokens!

The ICO crowdfunding stage is from 2017 April 25th 9:30 EST (14:30 UTC) and lasts for 31 days. There is even a 20% discount for tokens purchased on day one (after the start), a 10% discount for tokens purchased on day two (after the start), and every consecutive day the discounted rate will reduce by 1% per day until the normal price is reached (day 12)!

The VeritaseumToken smart contract is an Ethereum ERC20 compliant token, which means that you can exchange VERI tokens on any Ethereum based exchange.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the VeritaseumToken is at: 0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374

The source code of the VeritaseumToken can be found at: https://github.com/RFVenter/Veritaseum/blob/master/contracts/VeritaseumToken.sol

To purchase VERI tokens during the ICO phase you will have to use another smart contract which has been designed to sell tokens at the correct price during this time.

Very Important Note: By continuing past this point and purchasing Veritas tokens, you are hereby acknowledging that you have read, understood and accepted both the Veritas Product Purchase Agreementand the Terms & Conditions of the Veritaseum 2017 Veritas Sale..

The address of the TokenPurchase is at: 0x599a4b8188676224d4c9b393b947e332b60b15e3

The source code of the TokenPurchase can be found at:

https://github.com/RFVenter/Veritaseum/blob/master/contracts/TokenPurchase.sol

To purchase Veritas, go to the “Contracts” menu in MyEtherWallet as shown below.

Set the selections as shown below...

Click on the Interact with Contract tab at the top of the page. Enter Contract address 0x599a4b8188676224d4c9b393b947e332b60b15e3.

Copy and paste the TokenPurchase ABI code from the box below:

[{"constant":false,"inputs":[],"name":"purchaseTokens","outputs":[{"name":"","type":"uint256"}],"payable":true,"type":"function"},{"constant":true,"inputs":[],"name":"startTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"closeTime","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"price","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"}]

If the site asks you again, then enter your private key again and Unlock.

Click WRITE

To exchange Ether for VERI tokens you simply have to send the amount of Ether you wish to convert to VERI tokens, to the TokenPurchase smart contract. The smart contract will automatically allocate your tokens to your Ethereum address.

Increase the Gas Limit to about 80,000 and Click Generate Transaction

Congratulations, you now have VERI tokens!

Next you will want to go to your Ethereum account and see your VERI tokens. Click on the View Wallet Info tab and enter your private key again, if the site asks you for it.

Click Add Custom Token and enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Address box, VERI into the Token Symbol box, and 18 into the Decimals box and Save

You will now be able to see VERI tokens for any and each Ethereum account that you may have.

  • Use VeritaseumToken smart contract and Tokens

Once you have Veritaseum Tokens you can do several things with it. Since this is an ERC20 compliant token you can basically exchange VERI tokens on any Ethereum exchange, and there are several. You can exchange them for other tokens, or sell them back to Ether at a later stage.

To use them on MyEtherWallet, click on Send Ether & Tokens tab. Enter your private key and Unlock.

Now, enter the address (0x8f3470a7388c05ee4e7af3d01d8c722b0ff52374) of VeritaseumToken into the Contract Address box.

Copy and paste the VeritaseumToken ABI code from the box below.

click Access

[{"constant":true,"inputs":[],"name":"name","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_spender","type":"address"},{"name":"_value","type":"uint256"}],"name":"approve","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"totalSupply","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_from","type":"address"},{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transferFrom","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"decimals","outputs":[{"name":"","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"}],"name":"balanceOf","outputs":[{"name":"balance","type":"uint256"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"owner","outputs":[{"name":"","type":"address"}],"payable":false,"type":"function"},{"constant":true,"inputs":[],"name":"symbol","outputs":[{"name":"","type":"string"}],"payable":false,"type":"function"},{"constant":false,"inputs":[{"name":"_to","type":"address"},{"name":"_value","type":"uint256"}],"name":"transfer","outputs":[{"name":"success","type":"bool"}],"payable":false,"type":"function"},{"constant":true,"inputs":[{"name":"_owner","type":"address"},{"name":"_spender","type":"address"}],"name":"allowance","outputs":[{"name":"remaining","type":"uint256"}],"payable":false,"type":"function"},{"inputs":[],"payable":false,"type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"name":"from","type":"address"},{"indexed":true,"name":"to","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"name":"owner","type":"address"},{"indexed":true,"name":"spender","type":"address"},{"indexed":false,"name":"value","type":"uint256"}],"name":"Approval","type":"event"}]

Now you can access all the public functions that this smart contract has. For more information about ERC20 compliant Tokens goto to ERC20

If you select price you can see that it has a lot of digits. Ethereum has high precision and uses 18 decimal standard precision.

The cost of this token is 0.033,333,333,333,333,333 Ether per one token. OR 1 Ether is 30 tokens.

The function shows you how many tokens your account has.

This function allows you to transfer your tokens to another Ethereum address, like your friends.

  • Conclusion

Using Veritaseum Tokens are fun and easy. If you need more information about Ethereum Tokens, just Google it.

 Ve value flow chart small

Read 49533 times Last modified on Wednesday, 26 April 2017 06:16

87 comments

  • Comment Link Reggie Middleton Monday, 24 April 2017 18:44 posted by Reggie Middleton

    @Eric The purchase instructions as presented here: https://docs.google.com/document/d/1n94NIDg_QIxWW4LcDC46VMNqt-h_c4VPMcOCn9BCsUE/pub

    Get MyetherWallet (if you are not thoroughly experienced in Ethereum).

    Fund with Ether. If you do not have Ether, you can swap Bitcoin for Ether using the "Swap" facility of the wallet. This is relatively expensive as compared to trading BTC for ETH in an exchange such as Poloniex or Coinbase, through. The utility is there for convenience or if you don't have an exchange account.

    On 25th, at 9:30 AM, you can swap/purchase Veri tokens by sending in ETH to the Veritas Purchase Smart contract as described here https://docs.google.com/document/d/1n94NIDg_QIxWW4LcDC46VMNqt-h_c4VPMcOCn9BCsUE/pub . USing MyEtherWallet.com is easiest. DO NOT use Shapeshift.io for if you send ETH fom there the VERI tokens will be sent to Shapeshift.io, not to you. You must own, possess and control the wallet that you send your ETH from and interact with our smart contracts from.

    Veri tokens are Veritaseum's internal programmable tokens needed for it's smart contracts,, financial machines and advisory services.

    You cannot use VERI tokens to for buying/selling goods locally or internationally since it is not a fungible currency (or at least that is not what we are selling it as). We are selling it as keys to our Fintech solutions and advisory services. You can freely trade VERI tokens on any exchange that may list them and/or freely trade them with other individuals and entities - and you can trade them for whatever said party is willing to give you inreturn, but alas, that is not what we are selling them for or selling them as.
    Buy Ether or Bitcoin
    Swap for Veri
    Do trade contract
    Swap back to Ether or Bitcoin
    Convert to local currency

    Report
  • Comment Link Eric Monday, 24 April 2017 02:54 posted by Eric

    Am I following correctly?

    Get MyetherWallet
    Fund with Ether or Bitcoin
    On 25th can swap/purchase Veri tokens on MyEtherWallet.com or shapeshift.io

    Veri coins are Veritaseum's internal programmable coins needed for smart contracts.

    In order to get funds in/out system for say buying/selling goods internationally?
    Buy Ether or Bitcoin
    Swap for Veri
    Do trade contract
    Swap back to Ether or Bitcoin
    Convert to local currency

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:30 posted by Reggie Middleton,

    @David Emmanuel there are step by step instructions located here . They are currently in draft form but will have all relevant info included on the day of the sale
    https://drive.google.com/open?id=0By5WJsM3KjltWTNGbUp6d19lXzA

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:29 posted by Reggie Middleton,

    @David Emmanuel there are step by step instructions located here . They are currently in draft form but will have all relevant info included on the day of the sale
    https://drive.google.com/open?id=0By5WJsM3KjltWTNGbUp6d19lXzA

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:27 posted by Reggie Middleton,

    @KennethH The colored coin token holders will be given the option. To convert to the ERC20 tokens at a preferential rate. They can't be dilutive for this is software, not stock, but it will be subtracted from the total ERC20 tokens available, hence will not add to the total.

    Report
  • Comment Link Reggie Middleton, Friday, 21 April 2017 12:27 posted by Reggie Middleton,

    @KennethH The colored coin token holders will be given the option. To convert to the ERC20 tokens at a preferential rate. They can't be dilutive for this is software, not stock, but it will be subtracted from the total ERC20 tokens available, hence will not add to the total.

    Report
  • Comment Link Keith Metcalf Friday, 21 April 2017 04:26 posted by Keith Metcalf

    A what is the benefit of investing in simple terms please?it looks very clever but I am not so please keep it simple
    Thanks.

    Report
  • Comment Link David Emanuel Friday, 21 April 2017 00:18 posted by David Emanuel

    How can i particpate? Am based in Australia and want to chuck in $50

    Report
  • Comment Link KennethH Tuesday, 18 April 2017 12:08 posted by KennethH

    What happens to the previously issued VERITAS.1 tokens that were colored coins on the bitcoin blockchain? Is this dilutive of that ICO?
    I see https://www.coinprism.info/asset/ATWpAbfaRr3yvQDuGVGp5rA1NoXTwv9Siu/owners shows more than 43,514 have been issued.

    Can you explain how these tokens are different?

    Report
  • Comment Link Reggie Middleton Thursday, 13 April 2017 06:47 posted by Reggie Middleton

    @PeterKarwacki It is my job to supply the common vocabulary, thus if there is a concept or term that is not understood, please ask me to clarify. In a nutshell, we are trying to change the world from an economy where a very few , very powerful companies and individuals control the vast majority of value transfer, commerce and exchange to a world where every individual is capable of controlling their own value transfer, commerce and exchange.
    The Veritas tokens will be the keys used to enter that world, and will be the fuel used to power that world.

    Report

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