Review of Velix ICO

sidorinmatvey (46)in #ico • 7 years ago

Velix.ID is a multi-level blockchain system developed for the reliable and efficient storage of user personal data.
In general, the purpose of the project is to create a single, decentralized database, convenient and flexible, to which it would be beneficial to address various organizations. At the heart of the project’s work are tokens based on ERC-20, the short name of the system coins is VXD.

The main problems that the project will solve.

– Time costs. Authentication checks can take a long time, sometimes days, sometimes weeks or even months; of course, everyone understands that saving time can give a pleasant economic effect.
– Security. Personal information (PII) can leak at various stages of the ID validation process, which leads to obscene usage.
– Confidentiality. Data stored in centralized locations is subject to multiple and massive data violations and risks revealing the identity of the user.
– Financial losses. The process of verifying identity data often leads to tangible financial costs for enterprises.

Site

Qualitatively designed design and informativeness – this is what characterizes the official website of the project. For example, ICO conducted a separate page with a detailed description. A link to Telegram is attached at the bottom of the screen. At the bottom of the main page is written the legal address of the project – it is located in Singapore.

Whitepaper

The document is presented on the site in 11 languages, including Russian (contains 38 pages). There are a lot of interesting graphics (models of demand and supply, a token schedule), cognitive block diagrams. All the information in the document is devoted precisely to the subtleties and features of the product, the economy of the token and the ecosystem. On the peculiarities of sales on the site there is a separate document – Token Sale – contains 14 pages and is presented only in English, includes a very detailed description of plans for selling coins of the system, the economy of the token and plans for investing the collected funds. On the first screen of the site there are links to the English-speaking Slide deck (a set of slides, a beautiful presentation document describing the project on 21 pages) and a one-page presentation document – One Pager.

Team

The project has a large, cohesive team of specialists in various fields and a solid group of experienced advisers. The site has two lists: 20 team members and 9 advisers with the main investors. Some specialists have links to Telegram, under each photo there is a small description of merits and a profile in linkedin.

Social networks

On April 19, the popularity in the main social networks of the project is at an average level. Most interested in the project are users in messenger Telegram – now there are 20247 subscribers. In the Facebook group – 9403 people, Twitter – 4909, reddit – 643, VK – 80. In the profile in Medium only 28 regular readers. Also on the site you can go to the official github – there are 4 repositories here. What can be strange – bitcointalk only level Jr. Member. Also, the project has its own channel on YouTube, where are only 27 subscribers, but a lot of interesting informative videos have already been accumulated.

Roadmap

The events indicated in the map on the site start from June 2016 to December 2022. As early as June 16th, the idea of a universal unique identifier, created on the basis of a blockchain, arose. With the advent of the idea, active research developments began, testing the concept – to launch until March 2017th. And only in December a public launch was started – White Paper was launched, the site was launched, the idea was presented to partners and consultants. The active expansion of the team began, the involvement of high-level specialists in the project, and by March 2018 the composition was actually formed. MVP, like a smart contract, was opened to the general public in January this year. The main stage of the sale of tokens is scheduled for April. From May to October, the beta version of MVP will be actively tested and, finally, in November the application will be officially launched. It is planned that at this time the system will have about 130 million users. The next major update of the system will be in October 2019, and. In parallel, there will be an expansion to the markets of China and other countries. By June 2021, it is planned to reach 300 million users and actively enter the European market. The last bar, which the team expects – 500 million satisfied users of the system – will be achieved by the end of 2022.

Conclusion

The project is well appreciated by professionals in respectable sites. For example, on the site icobench the average rating of the project, in the opinion, collected from 43 experts – 4.4. No less popular expert sites trackico and icomarks also give the project high marks. The project is well documented, a good team of real experts, a high rating on popular expert sites and is popular in the social networks. Our assessment of the project – 9 out of 10.