Velix.ID overview of ICO

runberry (33)in #velix • 7 years ago

The etymology of the word "identification" comes from the Latin identificare - i.e. "identify".
Identification, therefore, is the identification of something with something.
In our real sense, this is a comparison of a certain person, and the documents provided by this person.

When it comes to the Internet, the concept of identification becomes more vague, because if on the one hand, as before, it is a question of the individual, then the network may already have several options for matching, in other words, "accounts."

We have to admit that the problem of accurate evaluation of authenticity remains an important global factor hampering the rapid development of the Internet commerce industry. Experienced specialists of Velix.ID know effective ways and possibilities to combat this problem.
Authoring and effective technologies for authenticating with Velix.ID technology
Thanks to the capabilities of the platform, the user can effectively monitor all personal data, with whom and what information will be shared. The main emphasis is made on an unhindered and stable exchange of information without additional restrictions.

Nevertheless, the goal of comparing an account with a person, and rejecting third-party characters encroaching on the account - is a problem today and the topic of this article.
In addition to passwords, you can identify yourself in the network using cookies, although of course this technology is obsolete.

Alternatively, it is possible to use digital keys and certificates.
Approximately along this path went the project Velix ID, creating a unique in its kind and universal system of network identification.

Solution

VelixID offers a worldwide identification system on the blockroom. Thus, they want to combine many existing identification systems, enabling many organizations to share their identity data, while others want to use their results and do not rework each time. We are with you, ordinary users will also benefit, because we avoid unnecessary repeated checks.

Velix provides four levels of security -
*) Web authorization, restaurant reservations, loyalty programs
*) Payment in online stores, hotel reservations and tickets
*) Check-in at the airport or hotel, ICO KYC
*) Financial transactions, visa, medical records , apparatus employed.

The work of the system will begin first in India (in the homeland of the project) and in Australia, and then expansion into other states is possible.

The project already has the necessary resources and opportunities for a successful start. However, the developers decided to raise funds for the ICO in order to provide additional opportunities for successful start and solution of the complex of tasks in the shortest possible time:

Establishment of the work of an experienced team. The platform brings together well-known experts in the field of identity verification.
Further development of the project and expansion of the functional, taking into account the current trends of the industry and to expand its target audience.
Preparation of a complex of software and hardware tools for the operation of objects with limited access - educational institutions, offices, metro stations, etc.
Investments in the promotion and marketing of the platform, informing the public about the information and the benefits of working with an ambitious project.
The developers did their best to attract an experienced team, to thoroughly analyze the market and assess the needs of the target audience in order to prepare a truly promising and demanded product that guarantees clear prospects for its investors.

How to buy Velix tokens?

The Velix service tokens (VXD ticker) are utilitarian tokens created for use within the system for conducting transactions and exchanging trusted identity data.
At the ICO stage, tokens will be issued on the ERC-20, then later, after the VelixID blockbuster is started, exchange them for the native VelixID tokens. Sales began on April 17 and continue to this day.
35% + 15% of tokens = 35 + 15 million tokens will go on sale from the released 100 million tokens, respectively, in two stages, at a price of 1 dollar per token. Unsold tokens will be burned.
Hardcap total ICO 23.8 million dollars, softkap an order of magnitude less than 2.5 million.

Interesting facts about the project

• In addition to software solutions and smart contracts, this project offers a proprietary identification card with a unique user number that can be used for various authentication scenarios. +
• An NFC reader is also available that can read not only VelixID cards, but also any other NFC cards , including mobile phones that support this technology.
• At the moment you can test the prototype (MVP) of the system under Android: https://play.google.com/store/apps/details?id=velix.id.mobile
• The cost of one identity check will cost 0.1 VXD. 40% of these funds will receive Velix.ID + Poet Pool, 20% will receive a data provider, 15% will receive the Owner of personal data, 25% - will go to the request processor node.

Project management

- Manav Singh (general director and co-founder), Balvant Singh (technical director and co-founder), Neer Varshney (head of partnership), Shivam Mehan (head of operations), Somorin Roy (head of investment and finance) , Guangming Yang (developer of the blockchain), Piyush Goel (front-end developer), Mike Cunningham (investor relations), Vaishali Verma (manager), Sumir Payi (kyc / aml expert), Alina Kuznetsova (developer), Priyanka Pandey - Manager), Aquill Sultan (graphics and design), Aajay (public relations).

Consultants

consultants of the project with the indication of the area of competence - Simon Dixon (INVESTMENT), Tony Simonovsky (MARKETING), Mikael Furgo (INVESTMENT), Mohit Kalra (STRATEGY), Prof. Simon Choi (URID), Manan Mehta (STRATEGIC), Simon Noonan (TECHNICAL), Peter O'Neill (STRATEGIC), Julian Smith (BLOCKCHAIN), Himanshu Bindal (GROWTH).~ The community has 25-30 thousand participants, and 90% are users of Facebook.

The community has 25-30 thousand participants, and 90% are users of Facebook.