INTRODUCTION
When an individual wants to make an investment, it is necessary to ascertain and investigate how risky such a venture is before such investment can be undertaken. No investment is without risk but diving into a certain investment without ascertaining its risk level can be brutal to one’s portfolio. This is why many people, government and companies have kicked against the adoption of cryptocurrencies because it is a high risk venture and investors are scared to lose out their funds if they should invest in it. However, even those who have invested in cryptocurrencies because of the high standard technology behind it, the blockchain technology, have had to deal with certain issues such as loses, difficult UI on some cryptocurrency exchanges, hacks on their crypto wallets or exchanges which hold their funds, and much more and these have made them to lose trust in cryptocurrencies. This is why the Velic Financial Project has come into play.
SO WHAT IS VELIC ALL ABOUT?
Velic has taken into consideration, complains of Crypto-enthusiasts and the challenges they currently face in the industry and have decided that it is time to effect a change. Velic wants to help investors to make profit in the crypto industry even with the existing volatility that exists in it. Velic has been created not only to cater for just for the current investors but for potential and professional investors. Velic offers to give orientation to investors on about how to make decisions concerning their portfolio within the crypto industry. The Velic platform offers users free access to certain services which they do not have to pay also. Users will be able to use their Velic accounts to take a loan, make purchases and also store their cryptocurrency assets.
WHAT PROBLEMS DOES VELIX SOLVE?
SECURITY; As we know, one of the strongest features of blockchain technology is its Security feature which is part of why many people make use of it. Many platforms have started to make use of the blockchain technology in their different areas such as developing API. The crypto industry is plagued with certain security breaches, failed hack attempts on crypto owners and crypto exchanges and this is most times because they make use of low standard security protocols which is easy to get through to. This has led to loss of funds and assets for certain investors and is also one of the reasons why potential investors are still double-minded as to whether to invest or not This security issue has been a pain in the neck for cryptocurrency enthusiasts and it cannot continue to exist.
ASSET STORAGE; Currently, cryptocurrency wallets and exchanges where users store their funds Is not very favorable given the high risk involved in this industry. Some investors who have large portfolios either have to open multiple exchanges or wallets to store their assets and this can be very burdensome. Velic takes a look at this challenges and how to store them.
A FEW BENEFITS OF VELIC
SECURITY OF ASSETS; Velic solves the issue of security of its users cryptocurrency assets. With Velic, users are sure that their assets are secure on the platform because Velic makes use of a SECRET SHARING SECURITY PROTOCOL. This protocol allows users transparency, and absolute security of assets which have been stored within the platform.
LOAN OPTIONS; Users of the Velic platform can take loans from the platform that they could use to make some decisions within the crypto market such as buying a certain type of cryptocurrency or asset. Before such loans are granted users must leverage their cryptocurrency asset.
STORAGE OF ASSETS; Not only can users leverage their assets for loans on the platform but also, they can store their cryptocurrencies on the platform as it has top-notch security protocols. Assets are stored in Velic's vault.
CONCLUSION
Velic is here to minimize the risks investors are afraid to face or have faced when it comes to their investments, portfolios and security of their assets within the cryptocurrency industry. Velic is here to bring the much required changes that cryptocurrency enthusiast and holders have awaited. With Velic, you have a shot at making profit while investing in cryptocurrencies.
VELIC TOKEN
There are three tokens under the Velic Platform and they all have different functions. VELT, VELA and VELD are the official tokens of the VELIC platform and it has a maximum supply of 15 billion, they will be used to carryout different functions within Velic Ecosystem. The VELA and VELT can be converted from one to another considering that they are of similar value while the third token (VELD) is likened to the other types of stablecoins that will be backed by the fiat money.
VELT TOKENS and VELA tokens can be swapped into the other with ease while VELD tokens be the stable coin within the ecosystem.
Token Sales Information
Ticker: VELT
Token Supply: 15 billion VELT
VELT Tokens would be sold using an IAO method. Sales will be coming soon after which the platform would be launched early March.
For further information, you can visit any of the links listed below;
Official Website: https://www.velic.io/
Whitepaper: https://www.velic.io/web/download/VELIC_White%20paper_V1.01.pdf
TEAM
AUTHOR DETAILS
BITCLOINTALK USERNAME; JOHNYJAY
BITCOINTALK PROFILE; https://bitcointalk.org/index.php?action=profile;u=1819701
VELIC account email address; e4ourma@gmail.com