About the VelixID token

About FelixID
A global platform for uncensored identity verification

The problem

Current identity verification methods are too slow and inefficient for both consumers and businesses, which involves the cost of verifying identities at nearly $ 100 billion a year.

Time consuming

The current identity verification process may take days from weeks to months; depletion of resources otherwise generating revenue.

Safety

Personal Identification Information (PII) is leaked at various stages of the ID verification process leading to unattended use.

private life

Data stored in centralized locations is vulnerable to multiple violations and mass data and may expose the identity of the user.

Financial Loss

The ID verification process involves significant financial costs for businesses.

The solution

user
Decentralized: a platform that does not store data in a central database, instead put it on an encrypted public registry, making it secure from massive data corruption.
Unique ID: Each user who is logged on Velix.ID will receive a unique 8-digit alphanumeric ID that is easy to remember.
Consent: User authorization is mandatory for all ID information transactions.
Reliable: the user has control of their data at all times.

Commercial activity

Improved customer experience: Users can access services easily and instantly without requiring repeatedly registering or entering identity information.

Resource Conservation

Cost: The cost for acquiring new customers and identity verification is reduced.
Time: The time spent on multiple registrations, collecting and verifying identity information is reduced significantly.

VelixID token model

It grows in value: value grows with platform growth and identity verification request.
Supported by Identity: A utility token that can be used to verify / share verified identities on an ecosystem.
It complies with regulatory standards: a token model based on utility that does not violate regulatory standards.
Commercible, Usable and Liquid: Use to verify identity or trade / sell on the market.
. Token assignment
. Token Ticker: VXD
. Total Token: 100,000,000 VXD
. Sale token: 50% (50,000,000)
. Team: 16% (16,000,000)
. Community: 4% (4,000,000)
. Reserve: 30% (30,000,000)

PARTNER