Velix.ID - Global Platform for Frictionless Identity Verification
Quite a lot of purchases, opening of deposits, filing a tax return has been recently carried out via the Internet. After all, it is quite convenient, as you do not need to spend time to get to the location of the object of purchase. A significant disadvantage is that you only need to enter your personal data into the system to perform operations. Not all users are ready to do this - because no one gives a guarantee of the security of this data.
Scammers actively use the Internet activity of users and the leakage of information, thus, the theft of money from payment cards when making a payment has become a real problem. The solution to this problem will be the launch of Velix.ID platform. This is the whole new level of digital personality recognition. The platform is facilitated through the blockchain.
The essence of the project is that a decentralized unified database will be created, which is a single data register. The address of the purchase delivery for the online store, individual insurance number, passport data or credit card payment details - these data will be under reliable protection with Velix.ID. To verify the identity of a user, only one code will be needed - Velix.ID platform code, but not a set of large numbers of documents.
Velix.ID project began its existence in June 2016. To date, preliminary sales of the project's cryptocurrency have already taken place, a beta version has been launched, preliminary sales of cryptocurrencies have been conducted. By June 2020, the creators of the platform plan to bring the project to the international level and launch its main version.
VXD tokens will be used to conduct any transactions in Velix.ID system; they will work on the basis of the ERC20 Ethereum standard. Only after a while the creators of the platform will transfer them to a personal blockchain-based wallet in Velix.ID. One token costs 1 dollar. Since the platform currently works through Ethereum, the calculations in the system are implemented with the use of this cryptocurrency. The bonus system is the following:
- when investing from 0.1 to 0.5 ETH, a user receives 5% bonus;
- 0.5 to 1 ETH - 10% bonus;
- from 1 to 5 ETH - 20% bonus;
- 5 to 10 ETH - 30% bonus;
- more than 10 ETH - 35% bonus.
A total of 100 million tokens are planned to be issued, 50% of which will be allocated to the crowdsale, and the remaining funds will be distributed among the project team and investors, as well as invested in marketing.
As the part of the preliminary sales, it was already collected 1.5 million dollars. The ultimate goal of the project is to raise $23.8 million. There are many reasons to believe that the platform will reach the level of the established hardcap, since the project is relevant and in demand. The main crowdsale started on April 16.
The distribution of collected funds will be in the following ratio:
- 45% - for the development of the product;
- 25% - for the team and marketing;
- 20% - for the partners;
- 5% - for the reserve fund;
- 5% - for legal services.
It should be noted that Velix.ID platform has already achieved high results, which is confirmed by the successful implementation of the ICO and great interest among users. This product will definitely be in demand, as the global Internet community needs a high level of protection of personal data.
Thus, when providing information about the previous place of work, when registering for a hotel, when shopping in online stores, Velix.ID platform will ensure the full security of personal data.
Website: https://www.velix.id
White Paper: https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf
Telegram: https://t.me/velixID
Facebook: https://www.facebook.com/VXDID/
Twitter: https://twitter.com/VelixId
Medium: https://medium.com/@velix.ID
ANN: https://bitcointalk.org/index.php?topic=2721724.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
bountyhive username: denvil
interesting Indian project!