The Velic platform was developed to deal with the problems users face in securing their funds and also to increase the global adoption of cryptocurrency and blockchain technology. It also aims to give investors access to multiple cryptocurrency management services just from one platform thereby making it possible for users of the Velic platform to handle and manage all their crypto investments from one platform. This reduces risk of security breaches and losses of funds.
VELIC OFFERS THE FOLLOWING SERVICES
A SECURE VAULT: Velic stores users funds in its highly secure vault. The vault offers a key loss prevention protocol that automatically transfers users funds should there be any unforeseen contingency.
LOANS: Just like the name implies, you can give and access Crypto loans in the Velic Ecosystem at a very good interest rate. Velic allows users to give or take loans on the Velic ecosystem. Users who give out loans get a good interest as compensation while users who borrow have to leverage their assets in order to take loans.
A QUALITY CRYPTOCURRENCY EXCHANGE: Velic offers its users a secure cryptocurrency exchange where they can buy and sell different cryptocurrencies. Users can also trade Velic tokens on the exchange. Users do not need external exchanges to trade their cryptocurrencies.
INVESTMENT SERVICES;. The Velic ecosystem upon full launch would also offer its users different investment products which they can choose from.
Velic can be so much more. The Velic roadmap found in the Velic white paper states that Velic can at any point add other services to complement the existing ones that they have. Velic might also offer its users other non-crypto related services.
VELIC TOKENOMICS
The Velic tokens are built on the ICON blockchain. They are built in a way that almost every activity carried out within the Velic ecosystem revolves around them. The Velic platform is token based and has three tokens which all have their own functions namely;
VELT (Velic Token)- It is the major token in the Velic ecosystem. It is used for different activities within the ecosystem and almost all users make use of it to carry out their transactions.
VELA (Velic Authority)- This token is used as a long term store of value. Users who take part in activities that further develop the ecosystem will be paid based on the amount of VELA they hold.
VELD (Velic Dollar)- This is the stable coin of the Velic ecosystem and it will serve as a constant store of value. VELD serves as a store of value for users within the Velic ecosystem. It is the stable coin of the ecosystem
CONCLUSION
With Velic, users can now store their funds, access multiple crypto services and manage their investment portfolio form one platform thereby limiting losses. The team behind Velic is a core professional and well knowledgeable team with vast experience in blockchain technology and cryptocurrencies. Some of the team members have worked with prestigious companies such as HP, ORACLE and many more. Velic has also announced partnership with ICON and DEBLOCK which are both strategic investors of the Velic financial project.
THE VELIC TEAM
For further information, visit the link below;
Official Website: https://www.velic.io
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