Obviously whatever is written here is no investment advice. But make no mistake, everything written here is provable and true. See it as an informational piece on one of the most promising projects in the crypto industry to date. Highly underappreciated and unseen by the market. But not for long. It’s the perfect setup to explode big time. Mainnet upgrades are coming closer each day. When the market finally sees Verus for what it is, what it can do, there is no stopping it. And the market will see. You can’t keep hiding the most advanced blockchain protocol for a long time, even if you wanted to. Let’s get to it.
Before we start, consider this for a moment. We are still in the very early stages of blockchain development. No blockchain protocol has “won” yet, or maybe ever will. Some of the biggest market cap projects are still whitepapers only, and some are struggling to keep up with world demand. Now imagine what the internet was like 15–20 years ago. That’s where the crypto industry is at. Now let’s dive into Verus.
Verus is an incredibly ambitious project. They aren’t going for a small part of the crypto industry, they go for it all. A platform to create tokens and blockchains, with DeFi and self-sovereign digital identities at its core. Verus is scalable public infrastructure for the world. They solved the problem where projects are still struggling with, the trilemma between decentralization, security and scalability. Verus provable sacrifices neither if seen as a multichain network in which the scalability is spread out over many blockchains. It’s truly an achievement.
Verus hasn’t received broad acknowledgement of the crypto industry yet. Even though it already solved existential problems plaguing high market cap projects. The biggest reason for this is that it is a true community project. There was no ICO and no premine. There aren’t any venture capitalists who bought in. VC’s have the connections, reach and marketing power to blow up projects even though they aren’t half as capable as Verus. VC-backed projects get all the media coverage. You might think this is unfair. But this is how it is. Look at Bitcoin, which is very similar to Verus, and where they got.
Then there is the highly accomplished team of developers. One of them is lead developer Michael Toutonghi, an industry veteran that earned his stripes as a talented programmer, systems designer and visionary. His wealth of experiences include being recognized founder and architect of Microsoft’s .NET and former Vice President and Technical Fellow at Microsoft. He is also an experienced digital identity, distributed computing and machine learning architect. He is one of those rare developers that gets done what is written in the whitepaper. A revelation in the crypto industry.
Everyone talks about Vitalik Buterin as the genius creator of Ethereum. And rightly so of course. What he built is truly astonishing. It has created a giant network effect. But as we now start to see, Ethereum is beginning to show problems at the protocol level. Their enormous DeFi space is seeing cracks at the foundation with users being front-run and miners reorganising blocks for their advantage. What does this mean? Users are unfairly being taken advantage of, without them knowing it. Verus solves all these problems and more from the get-go. Wait until Verus is fully developed and the spotlights will be on Mike. He is a much more experienced systems designer than Vitalik.
At the time of writing, the Verus market cap is around $60M. Compared with other, similar multi-billion market cap projects (Polkadot, Cosmos) this is an incredibly small amount. Even though Verus has the same breadth of technological knowledge, if not more. And absolutely the same, if not more ambitions as to where the project will go. There is so much more room for market cap growth. And we know for sure that this project will keep on growing. There are no ICO funds or premines that will ever deplete (because Verus had neither). The developers are skilled enough to make it happen, and then some.
You may say: This all sounds too good to be true. But make no mistake, Verus already delivered on a great amount of stuff. Right now, already running, is the most advanced testnet in the whole crypto industry. Something Cosmos and Polkadot are dying to achieve. An interoperable, cross-chain, cross-conversion multichain protocol. Yes, you heard that right. Something Cosmos and Polkadot are still working on (and are multi-billion projects), is running right now on Verus testnet. Anyone can create blockchains at will, make cross-chain conversions, and get instant liquidity on their coins through built-in DeFi.
The project does not make promises on when everything will hit mainnet. “It’s ready when it’s ready.” Yet the developers are hard at work. And we have to be honest about everything. What the project is lacking is products built for mass market adoption. This takes time. Look at where Bitcoin was the first three years and where it is now. Every good thing takes time.
And then we have the decentralized bridge to Ethereum and all its ERC-20 tokens. Now, what does this mean? ETH and its tokens can now live on the Verus chains. They can be cross-converted through built-in DeFi. The DeFi AMMs will give rise to liquidity into the system and thus arbitrage opportunities. This begets even more liquidity since prices inside the Verus network and outside can be vastly different. It will create new market dynamics never before seen. This is also one of Verus best kept secrets. It can trigger a giant influx of liquidity.
Now here is the kicker. Once Ethereum is bridged, it becomes very easy for other projects to bridge too. They can use the Verus protocol, and Verus can use their protocols. And then on top of that, there’s gonna be all this liquidity moving into the system. All coins can be converted to all other coins. Without the need for any third party, or counterparty, or whatever! All mathematically and automatically! It’s gonna be a giant machine. There is no doubt really.
There is also another giant edge that Verus has over other crypto projects with multi-billion market caps. Verus is, just like Bitcoin(!) public, neutral, open, borderless and censorship-resistant. The edge here is that Verus had no ICO, no premine and no developer fees. All coins in circulation are fairly mined and staked. Why is that such a big deal you might ask yourself? Well, there is no centralized ownership which may harm the project’s long term goal of being public infrastructure. It is exactly one of the reasons why Bitcoin became such a worldwide phenomenon.
So, consider all of the above. A hugely ambitious project with the developer capabilities to pull it off (btw, they already did; it’s on testnet) and highly unknown in the crypto industry today. Fairly launched and so much room to grow. Think about it. Ask questions. It might seem too good to be true. But is it? Remember, everything said here is provable and true. Can you feel it? Almost like a volcano, slowly and slowly building up all the energy underneath the surface, and then suddenly… BOOM. No stopping it. This is Verus.
