Velix.ID ICO

Every year, the world loses up to $ 200 billion in identity fraud. Almost every modern person at least once entered his personal data into the computer: whether registration on the site with confirmation of the email address or payment for goods and services via the Internet. With the leak of information, many cases of fraud are connected. Jokes on the topic "do not send a passport, and then take credit for it" have ceased to be funny. To replace the familiar technology of user identification comes the technology of blockade. Verification of the user with the help of the block system offers the project Velix.ID, with which we will now get acquainted.

PROBLEMS

Confidentiality issues. Ordinary users are becoming more aware of the growing
risk of transferring their data to obscure organizations, the need for a mechanism to control their data is growing; people want to know who can access this data; know who this data is used for; Know where these data are published.
Security issues. Information such as SSN, biometric data, passport and visa, tax information or several such details in aggregate, if they are compromised, can be fatal and called sensitive PII.
Financial expenses. The process of identity verification is a huge direct financial burden for
audited individuals, individuals in need of identification, and hidden financial costs incurred due to time lost both for businesses in need of identity testing and for consumers.

SOLUTION

The solution to the above problems is Velix.ID. The project is aimed at solving the problems of financial costs, time, confidentiality and security problems in the field of identity verification by
implementing a decentralized ecosystem for verification, which provides
users and enterprises with certain advantages.

ADVANTAGES OF THE PLATFORM

Velix.id is optimized for use by time and cost;
platform decentralized - does not store data in the central database;
the platform is transparent - the authenticity of transactions can be verified by someone;
platform safe - any violations in the Velix.ID system will not lead to compromise of user data;
the platform is not identifiable - the privacy of users is always protected;
and finally, the Velix.id platform is universal - ID verification occurs almost instantaneously without geographic restrictions.

Prospects for growth

Taking into account the originality of the idea itself, professionals - experts and a huge number of positive reviews of almost all the most famous publications and experts in the world of detachments, it can be concluded that the new project will become the main sensation of the current year and launch a completely new approach to the identification of personal data.The launch of the ICO Velix.ID project started in February 2018. It is important to note this point: only on the preliminary sale was collected $ 1.5 million, the main stage of the ICO was carried out with the division at certain stages.

USERS OF THE PLATFORM

Holders of identification data are individuals and legal entities.
Applicants for verification of personality - organization.
Identity identification providers.
It is also worth noting that the technical document on the site is available in Russian, Chinese, English, Polish, Malaysian, Indonesian, Italian, as well as in Hindi, Spanish, Vietnamese. And the least viable product can be installed in google-play right now.

TOKENS

Symbol - VXD. VXD is a compatible marker for ERC-20.
Price VXD = 1 $
Soft cover - 2 500 000 dollars.
The hard cover is $ 23,800,000.
A total of 35,000 0000 tokens are allocated.
All unsold tokens will be burned.
All transactions in the Velix.ID ecosystem are performed in VXD tokens.

Distribution of funds

45% - product development.
25% - partnership and marketing.
20% - operating expenses.
5% study.
5% - legal expenses.

THE ROAD MAP

June 2016 - CONCEPTUALIZATION. A universal unique identifier based on the chain for each person.
June 2016 - March 2017 - RESEARCH AND DEVELOPMENT. Testing the concept.
April 2016 - November 2017 - VALIDATION. Testing the hypothesis, approving the idea by technical advisers.
December 2017 - PUBLIC STARTING. The website, White Paper and Public Messages are published, presenting the idea to potential advisers and partners.
** November 2017 - March 2018 ** - EXPANSION. The necessary fund was collected, the team expanded with the help of developers, experts in blocking and smart contracts and PR, strategy and marketing professionals.
January 2018 - A MINIMUM VIABLE PRODUCT AND A SMART CONTRACT. A minimally viable product is designed and launched in a gaming shop, and a smart contract is deployed.
April 2018 - SALE OF TOKENS.
Further development of the product is depicted graphically.

TEAM

Manav Singhal- General Director and co-founder. Manav has 13 years of experience in entrepreneurship and leadership in a wide range of sectors: technology, e-commerce, luxury consulting, insurance and marketing. He is one of the first pioneers of Blockchain technology in India.
Balvant Singh , co-founder, has more than 10 years of experience in technology (content infrastructure, mobile development, solution architecture, cloud platforms, applications without server architecture, creating intellectual contracts and writing DApps.) He is also a creative technologist at the National Bank Australia.