VELIC: ANSWER TO FINANCIAL INSECURITY IN CRYPTOCURRENCY

ifykiki (43)in #velic • 6 years ago (edited)

INTRODUCTION
With the rate of development of the world, it is quite obvious that the world is fast becoming a digital world. Every aspect of the world's economy is now digitized. As a result of this advancement, digital currency was created and accepted as a medium of exchange and transaction. Since these currencies are digital, they can't be transacted as a normal currency and this leads to the creation of various online mediums for the transactions of these digital currencies. As time goes by, flaws were detected and those errors are corrected in the newly developed site. As technology advanced, those sites could not meet up with the required standard. In view of this, VELIC was created to correct those shortcomings. Velic is a crypto-currency financial ecosystem with a design that is highly secure and professional.

IDENTIFIED LIMITATIONS WHICH LED TO THE CREATION OF VELIC
There exist countless limitations that leads to the which can discourage and scare away crypto currency investors. Part of these limitations include;

Hack;
Although the blockchain is very saved, the services of platforms involved in the exchange of cryptocurrency are exposed to threats such as; human mistakes, and attacks born out of malice have been countless cases of security breaches.
Management Risk;
There has been the absence of maturity amidst the various exchange industries. This has exposed investors to risk because their services can't cater for the tolerance of risk of careful investors. These problem is evident in some players practices that are questionable, absence of transparency in the aspect of security, timeline development that can't be realized, media hype, and error in coding.
Fragmentation;
The landscape of cryptocurrecy asset is very fragmented. From the research conducted, it shows that their is no platform with comprehensive and crypto-financial service with proper integration. This has made those platforms cumbersome, and slow in there operations. The negotiation procedure of data transfer such as cryptocurrency ownership, usually disconnect the protocol of security and also increase the danger of opportunity cost and leakage of data.
Volatility of price;
This problem has prevented numerous businesses taking cryptocurrency assets as a medium of exchange for their services. It has limited the rate of adoption of crypto by general population.

HOW WILL THIS LIMITATIONS BE SOLVED BY VELIC?
VELIC had developed various strategies to end this limitations by;

Launching a financial service with institutional grade, with a focus on security, a platform that is tokenized to see to the issues of concerns to investors and also have it's investors as the one with number one beneficiaries. Safety which is the paramount objective. The platform will endure sustainability. This sustainability will be achieved by incentives from tokens given to investors when it's lunched, at growth stage and during scale up.
Blockchain approach was what serve as the support to VELIC platform. This approach is constructed to ensure full consolidation of a range of financial services via a VELIC account for all users and a token (VELT) that's unique which can be adopted for the payment of VELIC service.

THE VELIC PLATFORM

OUTSTANDING FEATURES OF VELIC WHICH SERVES AS ITS MERITS

Vault
This is a feature that ensure a save storage to investors currency, prevent loss of key, and solve problems involving asset (crypto) transfer in case of any. In short, with this technique in place, your investment and crypto-currencies are save.
Exchange
This feature helps in ensuring that all crypto-to-crypto transactions and save and transparent. In velic, to secret transactions or charges.
Loan
This is the the feature that grant all investors access to borrowing crypto-currency at rate that is preferred and highly affordable. Therefore, investing in this platform will grant you access to carry out any crypto transactions even when you don't have enough.
Investment
Crypto Assets

VELIC TOKEN
The Velic Token (VELT) is a utility token which will be used to carry out all the fundamentals in the Velic platform. It will also be used for trading at exchanges and the VELD and VELA exchange.

ICO DETAILS
Token: VELT
Type: Utility
Price: 1 VELT = 0.01 USD
Bounty: Available
Platform: ICON
Accepting: BTC, ICX
Country: Singapore
Whitelist/KYC: KYC & Whitelist

Conclusively, stop using a platform that your assets can be easily stolen but one with a guarantee security and safety. VELIC IS THE ONLY ANSWER.

The Velic Team Members

vel team.jpg