No items found.

Veritise

price
change

Discover Veritise's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Veritise?

Veritise (VTS) is a cryptocurrency token powering a next-generation identity verification platform. It leverages the NEM Symbol architecture to provide secure, rapid, and fully auditable payment and transaction processing. The platform offers services for product, identity, and digital content authenticity, as well as task management software with event tracking and tracing. Veritise aims to mitigate fraud and identity theft by providing a digital trust solution, ensuring the highest level of security for individuals and organizations.

How is Veritise used?

Veritise (VTS) is a cryptocurrency used on the Veritise blockchain, a next-generation identity verification platform. The platform offers various services for product, identity, and digital content authenticity, as well as task management software with event tracking and tracing.

Key Features and Use Cases
  1. Identity Verification: Veritise mitigates the threat of identity theft by providing a digital trust solution that securely verifies human identities. This helps prevent the annual loss of over $5 trillion due to fraud.

  2. Product Protection: The platform helps brands protect their products from counterfeiting and intellectual property theft, ensuring the authenticity of goods and maintaining brand reputation.

  3. Low-Cost Transactions: Veritise has a dynamic fee mechanism, ensuring that transactions remain less than $0.01, regardless of the value of the VTS token.

  1. Eco-Friendly: The blockchain uses a Delegated Stake with Proof of Importance algorithm, which keeps energy usage to a minimum, ensuring a low-carbon footprint.

  2. Fast Transactions: The network can handle over 400 transactions per second with an average confirmation time of approximately 7 seconds, making it scalable and efficient.

Trading and Availability

Veritise tokens (VTS) are available for trading on several top-tier exchanges, including Gate.io, LBANK.com, P2B, MEXC.com, BitMart, and Coinsbit.io.

How do I store Veritise?

To store Veritise (VTS) tokens, you will need a crypto wallet. Here are the steps to follow:

  1. Create or Import a Wallet:

    • Create a new crypto wallet address or import an existing one. This wallet will be used to store, send, and receive VTS tokens and other cryptocurrencies.
  2. Choose a Wallet Type:

    • You can use a variety of wallet types, such as software wallets, hardware wallets, or even exchange wallets. Each type has its own security features and convenience levels.
  3. Set Up the Wallet:

  • Ensure you have enough blockchain native tokens to cover any transaction fees. This is necessary for sending and receiving VTS tokens.
  1. Transfer VTS Tokens:

    • Once you have set up your wallet, you can transfer your VTS tokens to it. This can be done by sending the tokens from an exchange or another wallet to your newly created wallet address.
  2. Secure Your Wallet:

    • Make sure to keep your wallet secure by using strong passwords, enabling two-factor authentication, and storing your recovery phrases safely. This will protect your VTS tokens from unauthorized access.

By following these steps, you can safely store your Veritise (VTS) tokens in a crypto wallet.

How to buy Veritise?

To buy Veritise (VTS) tokens, follow these steps:

  1. Choose a Reputable Exchange:

    • Select a reliable and trustworthy cryptocurrency exchange that supports Veritise (VTS) purchases. Consider factors such as ease of use, fee structure, and supported payment methods.
  2. Create an Account:

    • Register on the exchange's website or mobile app, providing personal information and identity verification documents. Enable 2FA for added security.
  3. Fund Your Account:

  • Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.
  1. Navigate to the Veritise Market:

    • Search for "Veritise" (VTS) in the exchange’s marketplace.
  2. Choose a Transaction Amount:

    • Enter the desired amount of Veritise you wish to purchase.
  3. Confirm Purchase:

  • Preview the transaction details and confirm your purchase by clicking the "Buy VTS" or equivalent button.
  1. Complete Transaction:

    • Your Veritise purchase will be processed and deposited into your exchange wallet within minutes.
  2. Transfer to a Hardware Wallet:

    • For security reasons, transfer your Veritise tokens to a hardware wallet like Ledger or Trezor.

Additionally, you can also buy Veritise (VTS) directly through a crypto wallet if it supports fiat-to-crypto purchases. Alternatively, you can first buy a popular cryptocurrency like USDT and then exchange it for Veritise (VTS) through your crypto wallet or on a decentralized exchange.

Discover
Veritise
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Veritise

Veritise (VTS) is a cryptocurrency that has been actively developing its ecosystem since 2021. The project focuses on blockchain-based identity verification, aiming to bring trust across individuals, enterprises, and institutions. Here are some key milestones in the history of Veritise:

  • September 2021: Veritise launched its Initial Coin Offering (ICO) on its own Token Sale Platform, allowing investors to purchase VTS tokens using various payment methods, including credit cards, direct bank deposits, and cryptocurrencies like BTC, USDT, and ETH. The platform also included a referral program offering a 10% commission.

  • September 15, 2022: Veritise tokens were listed on the Bitmart Exchange, which has over 9 million users and a daily trading volume of over $2.2 billion. This listing significantly expanded the token's accessibility and liquidity.

  • 2021-2024: The project continued to develop its blockchain mainnet, patenting a device and method for authenticating products. It also created a prototype for its product protection system, which demonstrated anti-counterfeit, tracking, and provenance capabilities. Additionally, Veritise developed a car configuration app utilizing its blockchain for event history and mechanic logging.

  • 2024: Veritise tokens have been traded on various exchanges, with their price fluctuating over time. The token has experienced both significant gains and losses, reflecting the volatility of the cryptocurrency market.

Throughout its history, Veritise has focused on building a robust ecosystem centered around trust and verification, with a wide range of applications from product authentication to digital identity management.

Discover
Veritise
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Veritise works

Veritise (VTS) is a decentralized platform that leverages blockchain technology to provide immutable verification services. It is built on the NEM Symbol architecture, which offers a robust and scalable network for rapid, secure, and fully auditable payment and transaction processing. The platform includes advanced features such as multi-level multi-signature account schemes, smart assets, namespaces, aggregate transactions, and metadata controls, ensuring a high level of security and functionality.

Key Features
  • Dynamic Fee Structure: Veritise has a built-in dynamic fee mechanism that ensures transaction costs remain less than $0.01, regardless of the value of the VTS token. This makes it an affordable option for users.

  • Eco-Friendly Consensus: The platform uses a Delegated Stake with Proof of Importance algorithm, which is designed to consume minimal energy and reduce the carbon footprint. This approach is environmentally friendly and sustainable.

  • High-Speed Transactions: The Veritise blockchain network can handle over 400 transactions per second with an average confirmation time of approximately 7 seconds. This allows for fast and efficient processing of transactions.

  • Security and Trust: Veritise provides a digital trust solution that mitigates the threat of identity theft and fraud. It ensures the highest level of security for both individuals and organizations.

  • Services and Applications: The platform offers a range of services, including verification, identity, data collection, and analysis. It also has applications in task management software with event tracking and tracing, making it a versatile tool for various industries.

Use Cases

Veritise is particularly useful in combating fraud and protecting intellectual property. It helps brands and individuals to verify the authenticity of products and digital content, ensuring that they are not counterfeit or stolen. Additionally, it provides a secure and reliable means of managing identities and transactions, making it an attractive solution for businesses and individuals alike.

Availability and Trading

Veritise (VTS) tokens can be purchased on various cryptocurrency exchanges, such as MEXC, Bitget, and others. The token is listed in the Innovation Zone on MEXC, and users can buy it by following a simple process involving logging in, searching for the token, and placing an order.

Price Predictions and Market Trends

Veritise price predictions vary based on market trends and analysis. Some predictions suggest that the token could reach higher prices in the future, driven by increased adoption and global acceptance. However, it is essential to remember that these predictions are speculative and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and investors should conduct their own research and consult with a financial advisor before making any investment decisions.

Overall, Veritise (VTS) offers a robust and secure platform for verification, identity management, and transaction processing. Its unique features, such as the dynamic fee structure and eco-friendly consensus mechanism, make it an attractive option for those looking for a reliable and environmentally friendly cryptocurrency solution.

Discover
Veritise
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Veritise's strengths

The token Veritise (VTS) has several strengths that make it an attractive investment opportunity:

  1. Immutable Verification Services: Veritise offers a decentralized platform that uses blockchain technology for immutable verification services. This provides a transparent and tamper-proof environment for verifications and attestations, which can be applied to various sectors such as education, employment, and more.

  2. Security and Trust: Veritise aims to bring back trust across individuals, enterprises, and institutions by providing a digital trust solution that mitigates the threat of identity theft and fraud. This is particularly important in today's digital age where fraud is rampant and causes significant financial damages.

  3. Low-Cost Transactions: The Veritise blockchain has a built-in dynamic fee mechanism, ensuring that transactions will always remain less than $0.01, regardless of the value of the VTS token. This makes it an attractive option for users who require frequent transactions.

  1. Eco-Friendly Consensus Mechanism: Veritise utilizes a Delegated Stake with Proof of Importance algorithm, which is designed to keep energy usage to a minimum. This eco-friendly approach sets it apart from other cryptocurrencies that rely on CPU-intensive calculations for validation.

  2. Scalability and Speed: The Veritise blockchain network can handle over 400 transactions per second with an average confirmation time of 7 seconds. This scalability and speed make it suitable for high-demand applications.

  3. Strong Community: Veritise has an active community that can be involved in the project through various channels, including social media and official websites. This community engagement helps to foster a sense of ownership and drives the project forward.

These strengths position Veritise as a robust and reliable cryptocurrency that addresses significant issues in the digital verification space while offering a fast, secure, and eco-friendly solution.

Veritise's risks

Veritise (VTS) carries several financial risks that investors should be aware of. One significant risk is the high volatility in its price, which can result in significant losses if not managed properly. Recent price movements have given VTS a high risk score due to past 24 hours of price volatility in relation to volume changes. Additionally, the token's market capitalization is relatively low, making it more susceptible to market fluctuations and potential manipulation.

Another risk is the potential for market manipulation. InvestorsObserver research has shown that VTS can be manipulated, which could lead to significant price swings and losses for investors. Furthermore, the token's liquidity is not guaranteed, which can make it difficult to buy or sell the token quickly and at a favorable price.

Lastly, the overall state of the cryptocurrency market can also impact VTS's financial risks. Fluctuations in the global economy or changes in investor sentiment can significantly affect the token's price, making it essential for investors to stay informed and adapt to market changes.

Discover
Veritise
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Veritise raise funds?

Discover
Veritise
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Veritise's ecosystem

No items found.
No items found.
Discover
Veritise
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Veritise’s team

  • Cormac Lucking: CEO
  • Frank Thijssen: COO
  • Ana Merighe: CTO
  • Bastien Violleau: Sales Manager France
  • Andrius Bartminas: Lead Blockchain Architect
  • Benoit Couty: Legal Consultant
  • Guy De Cordes: Tax & Legal Consultant
  • Alexandre Filluzeau: Marketing Strategist
  • Linas Butenas: Sr. Blockchain Developer
  • Vytautas Kaseta: Blockchain Architect
  • Vytautas Draksas: System Architect
  • Ugnius Versekenas: Blockchain Developer
  • Matas Vosylius: DevOps Engineer
  • Madeline Jolly: Sales & Marketing Assistant

Whalee AI

The fundamental analysis assistant for crypto value investors.

Veritise NEWS REPORT

Latest news

Want an analysis of Veritise? Tell us on discord.

Similar tokens

Looks like we're missing similar tokens!
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM