VELIC is a Crypto-Based platform that offers users a financial ecosystem with a highly secure and professional design. Velic is an asset management platform which has all the tools needed by individuals or companies who want to properly manage their cryptocurrency investments and portfolios. All the needed asset management features are combined into just one tool with Velic Financial. Velic believes that cryptocurrency investors have a good chance at making profit even with the volatility of the crypto industry. Velic also provides its users with a high standard security for protecting their digital assets.
THE PROBLEMS VELICS AIMS TO SOLVE IN THE CRYPTOCURRENCY MARKET
The following are the problems Velic wishes to solve in the cryptocurrency market and the solutions its offering;
SECURITY CONCERNS; The most interesting feature of the blockchain technology remains its high level of security which is why many banks and some other industries have started making use of it. However, the issues many users have to complain about regarding cryptocurrencies are mostly revolving about the security of their assets. Many users and even cryptocurrency exchanges have been victims of hacks and security breaches which is most often caused by human error. This issue of security has to be taken care of as soon as possible as it is a major reason why many investors have quit cryptocurrency or have refused to invest in it. This is why Velic has created its Vault which is an uncrack able security protocol which ensures users’ funds are safe at all times. Users private keys are spread to different parts of the platform and it cannot ne hacked until all parts of the keys are gotten which is nearly impossible.
ABSENCE OF TRANSPARENCY AMONGST CRYPTOCURRENCY EXCHANGES; Many cryptocurrency exchanges are not transparent. Although they lack the sufficient security measures and management skills to handle their users’ funds, they still go ahead and operate their exchanges which often times leads to security breaches and loss of funds. Velic solution to this is by building its own crypto exchange which offers its users an amazing customer experience and has top notch security measures as well as a professional management team who can protect users’ fund.
PRICE VOLATILITY; Many investors have refused to invest in cryptocurrency because it is a very volatile market. There exists very high volatility in price of digital assets and if an investor is not careful enough, you could use all your funds this volatility. This has also reduced the rate of crypto adoption worldwide. Velic will solve this problem with its introduction of a stable coin named VELD (VELIC DOLLAR). With the Velic stable coin, users of the platform are sure that they can invest and the volatility of the market will not affect them.
NO SINGLE INVESTMENT MANAGEMENT PLATFORM; There is currently no platform that is able to suitably attend to all the needs of an investor in the cryptocurrency industry such that if an investor wants to expand their portfolio, they would have to create accounts and addresses in multiple places which can be tiring and stressful. With Velic, all the needed combinations that any investor would need are available in just one package – The Velic Crypto-Asset Management Platform.
LOAN; Most platform either offer investors loan or crypto exchange, or crypto wallet. There is no company in the crypto industry that offers all needed platforms in one. Velic also offers its users an opportunity to leverage their crypto assets and take out fiat loans when they need to. Its loan feature is equally embedded in its crypto asset based platform.
The name VELIC was coined from the first letters of all the features of Velic financial which are;
VAULT
EXCHANGE
LOAN
INVESTMENT
CRYPTO ASSET
TOKEN INFORMATION
Velic tokens are three in number namely (VELT, VELA AND VELD). These Velic tokens would be used to fuel the Velic ecosystem. Velic tokens will also be used to reward users for the activities they carry out within the platform.
VELT (VELIC TOKEN); VELT tokens can be changed to VELA OR VELD at any time within the ecosystem. VELT is the major coin of the ecosystem. It would be the coin that would be sold out during the IAO which comes up in a few weeks.
VELD (VELIC DOLLAR); VELD is the stable coin in the Velic ecosystem. It sort of bridges the gap between fiat and cryptocurrencies. It is similar to the popular USDT COIN.
VELA (VELIC AUTHORITY); VELA is used as a unit of storage for different tokens. Users can swap their VELT to VELA whenever necessary. It is also used to reward users for activities carried out by users that develop the ecosystem.
AUTHOR DETAILS
Bitcointalk Username; Powdersandbrushes
Bitcointalk Url; https://bitcointalk.org/index.php?action=profile;u=2519672