REBRANDING THE FORTUNES AND PECULAIRITIES OF THE CRYPTO-SPACE WITH VELIC

zenithace (8)in #velic • 6 years ago

Even though cryptocurrencies seems to be gaining grounds in the comity of new and viable assets in the finance industry, there is still a significant shortfall in the level of commitment it ought to have enjoyed from institutional investors, research overtime have shown that a major reason for this shortfalls is due to the seemingly lack of trust the in system, the peculiar problems beguiling the fortunes of crypto-finance are majorly security issues such as hacking, poor risk management mechanism, ineffective crypto-asset custody/safe keeping mechanism. Other issues are fragmentation of crypto- based services into different platform which will in turn make simple transaction cumbersome and time consuming, incur higher cost and also cause susceptibility of essential data to third-party; also we have the problem of lack in sophisticated products or rather poor value propositions, sharp disconnect with real world finance and price volatility.

With all the above mentioned problems blockchain has developed and proposes a solution with the name VELIC represents VAULT, EXCHANGE, LOAN, and INVESTMENT then CRYPTO ASSETS. The velic is simply a comprehensively modelled crypto asset management using VELT token, it strives to fully unify all disparate services existing before now into a single digital asset financial service. In other to enhance its value propositions VELIC enjoys the partnership of ICON. The ICON is a product of reviewed EOS, Qtum, Ethereum and Hyper ledger aimed at offer smart contract services that will not only scale enterprise level but will also aid the expansion of ICON ecosystem.

VELIC REPRESENTS

V=vaults ensures maximum security in a very decentralized way

E=Exchange ensures the crypto to crypto trading with trade mining and also staking features.

L=Loan this create an effective internal credit rating system that aids the easy borrowing of crypto asset management services

I=Investment this feature provides qualitative asset management services for all crypto assets on VELIC.

C=Crypto assets this will basically be saddled with the responsibility of developing a crypto financial infrastructure this feature would further be enhanced by its alliance with ICON, ICON will help to secure VELIC even more better by leveraging on its proprietary technology (loop chain) to attain greater heights.

Velic is the first it kind that posses all the requisite tools for an effective total financial service starting from services like asset management to loans in conjunction with ICON technical support, infact optimist like Mr yang have likened Velic to JP Morgan; however while JP Morgan offers services that rallies around fiat currencies the Velic invention is expected to do same for all investors within the crypto space, with Velic users on its platform can easily without stress use products and services with same account thereby enhancing utility and user/investors experience of financial digital asset management. Velic project is developed on the premise, thoughts and experience of different professionals in different fields this is necessary because it there is need for Velic to have and implement to entire suite of financial services. The impenetrable feature within the Velic is owned to the fact that it has a very wide secret sharing protocol that houses virtually all the clues of private keys stored separately across various nodes so as to eliminate any point of failure.

The Velic platform will feature three (3) tokens each will have its very own specific usage within the platform with requisite facilities to connect users with the outside world and the crypto ecosystem. With provision for varying degrees of incentives aimed at encouraging members and making the use of Velic much more interesting than it ever was.

CONCLUSION

Velic does not just recognises the reasons why overtime most financial services hugely criticized but it also works assiduously towards ensuring total transparency, disclosing very vital information to users within the nick of time so as to restore dwindling confidence of users leveraging on present and future blockchain technology for users best experience.

Fore more information visit:

To learn more about VELIC, check out the links below;

Website: https://www.velic.io/
Whitepaper:https://www.velic.io/web/download/VELIC_White%20paper_V1.01.pdf
Twitter: https://twitter.com/velicfinancial
Telegram: https://t.me/velicfinancial
Facebook: https://www.facebook.com/velicfinancial