List of Verum Coin issuance and listed trading platforms

Verum Coin was initially offered through an ICO in 2015, and is now traded on centralized exchanges like Binance and Huobi, as well as decentralized exchanges like Uniswap and SushiSwap.

Dec 18, 2024 at 08:36 am

Key Points:

• Issuance of Verum Coin

  • Verum Coin was issued in 2015 as a decentralized, open-source cryptocurrency.
  • The total supply of Verum Coin is capped at 1 billion tokens.
  • The issuance process involves mining, where miners verify transactions and create new blocks on the blockchain.

• Listed Trading Platforms

  • Verum Coin is listed on various centralized and decentralized exchanges.
  • Centralized exchanges include Binance, Huobi, and OKX.
  • Decentralized exchanges include Uniswap, SushiSwap, and Pancakeswap.

Issuance of Verum Coin

• Initial Coin Offering (ICO): In 2015, Verum Coin launched an ICO, raising funds to support its development and growth. The ICO sold a portion of the total token supply to early investors.
• Mining: Verum Coin is mined using the Scrypt algorithm. Miners contribute computing power to verify transactions and add new blocks to the blockchain. As a reward, miners receive Verum Coin tokens.
• Token Distribution: The initial token distribution included allocations for the ICO, mining rewards, and team members. A portion was also reserved for ecosystem development and marketing.

Listed Trading Platforms

• Binance: Binance is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of cryptocurrencies for trading, including Verum Coin. Binance provides high liquidity and advanced trading features.
• Huobi: Huobi is another renowned cryptocurrency exchange with a global presence. It offers a variety of trading instruments, including spot trading, margin trading, and derivatives. Huobi supports Verum Coin trading with competitive fees.
• OKX: OKX is a leading cryptocurrency exchange known for its low fees and robust trading platform. It offers a comprehensive suite of trading tools and supports Verum Coin trading in various pairs.
• Uniswap: Uniswap is a decentralized exchange that operates on the Ethereum blockchain. It enables peer-to-peer trading and provides access to liquidity pools. Verum Coin is available for trading on Uniswap, offering liquidity and decentralized trading options.
• SushiSwap: SushiSwap is another popular decentralized exchange. It features automated market makers (AMMs) that facilitate trading and provide liquidity. Verum Coin is listed on SushiSwap, allowing users to trade it seamlessly within the DeFi ecosystem.

FAQs

• What is the purpose of Verum Coin?

  • Verum Coin is designed as a medium of exchange and a store of value within the Verum ecosystem. It is also used for network fees and staking to support the blockchain.

• Is Verum Coin secure?

  • Yes. Verum Coin is secured by the Scrypt algorithm and a proof-of-work (PoW) consensus mechanism. The protocol undergoes regular security audits and upgrades to maintain its integrity.

• Is Verum Coin a good investment?

  • The potential value of Verum Coin depends on factors such as market conditions, ecosystem development, and adoption. Investors should research and understand the risks involved before making investment decisions.