Velix ID: Easy Block-chain Identity Verification Token

Velix.ID is an Identity (ID) verification platform built on the Bock chain. Users identify their ID via the Velix.ID Mobile app. Velix.The ID can be applied to authorize requests or to act as the 2nd stage of a 2-factor verification system. The Velix.ID system revolves around the use of VXD tokens, which are being now sold at cost of $1 from Jan 2018. The platform is hoped to be ready for public, worldwide release by Oct 2018.

What issues Does Velix.ID Seek To Solve?

Clearly, the major issue Velix seeks to solve is the issue of ID theft. Now it is too simple to abuse and steals someone's ID. If you're somebody's username and password, you might be capable to log in to most of their profiles, for instance.

Privacy breaches are also a concern. Now, free of cost services are capable to offer free services because they sell consumer info to advertising companies. Individual info is floating across the online. Every image you upload to the social platform is no longer held by you. Velix.ID's sees an issue with the advanced identification system. In current's system, ID verifies is a much hassle. The user needed to submit their identification at each juncture.

These IDs are normally GOVT authorized driver licenses, SSNs, and passports etc. the ID is placed to the firm that's requesting identification, and then that firms need to identify the ID is real. Both of these procedures outcome in financial losses for both the firm and users. It is an insecure system.

A few of these overall issues Velix.ID seeks to solve include:

• Unwarranted fiscal loss for both verifying parties and users
• Lost time during the confirmation procedure
• Lack of ownership over data
• dishonesty or mismanagement in handling of information
• Possibility of ID fraud
• Modern data confirmation services store individual data in siloed, centralized system that pose huge hacking targets

How Does Velix.ID (VXD) Work?

How does the VXD plan to solve the issues listed above? Velix.ID platform aims to make an system for every stakeholder in the IDV sector. Those issues will provide an open, safe and sound, trusted and reliable block-chain smartcontract which you can turn into the basis of a trust system. Each and every stakeholders, including verified ID providers, Identity holders, and verified ID seekers can SUB to this system.

The Velix.ID (VXD) ICO

The launch value of VLX-tokens is just $1

Out of the total supply of VLX tokens 50 percent are being distributed during the token sale. The remaining VLX tokens are being dispersed to the team (16 percent), bounties and community (4 percent), and a reserve fund (30 percent).

ICO Details

• Token: VXD
• Price: 1 VXD = 1 USD
• Platform: ETH
• Bonus: available
• ICO date: 2018-03-07 / 2018-05-15
• Accepting: ETH, BTC, XRP, LTC
• Minimum investment : 0.1 ETH
• Soft-cap: 2,500,000 USD
• Hard-cap :23,800,000 USD
• Country: Singapore

If you’re interested in Velix ID, these are the important links:

Official Website: https://www.velix.id/

Bitcointalk thread: https://bitcointalk.org/index.php?topic=2721724.msg27846809#msg27846809

WHITE PAPER: https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf

Twitter: https://twitter.com/VelixId

FB: https://www.facebook.com/VXDID/

Reddit: https://www.reddit.com/r/VelixID/

Telegram Group: https://t.me/joinchat/EepaREQgVnyEBTlOmgwdbw

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Referral Link: bountyhive.io/r/shanshiwank
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