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Wednesday, 26 April 2017 06:16

Veritas 2017 Crowdsale Step-by-Step Instructions Featured

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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

Veritaseum is moving it's P2P Capital Markets platform to Ethereum. 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:


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:


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


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


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.

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  • Comment Link Pat Sunday, 06 August 2017 19:26 posted by Pat

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  • Comment Link woody Monday, 24 July 2017 16:33 posted by woody

    Where can I find the full Veritasium Token address so I can add it to myetheriumwallet?
    The screenshot above cuts out the beginning of it.

  • Comment Link Thomas S. Sunday, 23 July 2017 15:36 posted by Thomas S.

    You don't make it easy. Too many ways to screw it up. Are you familiar with Napoleon's idiot? Here's what Napoleon did in the mist of battle. He always had an idiot close by his side. When sending messages to his field marshalls via courrier he would have the idiot read the message. If the idiot didn't didn't understand the message he would re-write until he did understand it before sending out.

    My suggestion is to simplify the process if you want to make any headway getting more people involved. Simplify it so that a person with limited computer skills, like me, can work through it with confidence. Right now I have none with your process. Put a smart, trusted, and patient computer programmer guy with an idiot until the idiot can buy Veritas tokens by himself following a step-by-step procedure or checklist. Your above tutorial sucks the big one.

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