Review of Velix ICO - authentication and user authentication.

sidorinmatvey (46) in ico • 7 years ago

Today, the problem of authenticating or identifying the user is quite relevant. This is a rather complex and lengthy process. Today many companies are trying to simplify it, however it is not so easy. The Velix.ID system aims to overcome this problem by creating a universal, clear, transparent, decentralized and cost-effective ecosystem for identity verification.

Data on the platform is not stored in the central database, but instead is placed in an encrypted public book. You have probably heard about the security and reliability of blockchain technologies more than once. And here these technologies are applied in all its glory. By registering with Velix.ID, you get your personal alphanumeric identifier of 8 characters. Authorization is required for all transactions.
There are a number of benefits for the business: saving resources, improving customer experience, low costs for buying new customers and authenticating. Thus, the time for performing a number of registrations is significantly curtailed, the time for collecting and verifying the identifiers and all related information is reduced.

Ecosystem of Velix.ID

Velix.ID has set one of its tasks to build an ecosystem that is convenient for all parties in the IDV industry. An open and secure algorithm is proposed, the contracts of which can become a reliable basis for a framework platform accessible to all comers (such as identity card holders, identity applicants and, of course, trusted identity authorities).

Why Velix?

User-Friendly. All systems, first of all, are designed for the real needs of the user.
Transparent system. Well, that you can see all the operations thanks to the technologies of the blockchain, you probably heard it more than once.

Decentralization. What are the advantages of its decentralization, you, most likely, also know. The whole network will work regardless of whether something is out of the system or not.
Outside viewing is closed. Only you can see your operations.
Versatility. You can apply the system anywhere, so that the possibilities are simply cosmic.

Token

In total, 100 million system tokens (VXD) were released, half of them (50 million) will be sold during the crowdsale. The project set soft-cap at $ 2.5 million, and hard cap-$ 25 million. Everything that can not be sold will be burned at the end of the event. The minimum contribution amount for sales is 0.1 ethereum. The only country in the world where a token has been banned – Singapore. By the way, the project is also registered there.

Pre-sale. The period was from January 27 to February 9. During this event, $ 1.4 million was collected in a short time.
ICO. The main stage of sales of coins of the system was scheduled for February 10-March 5, 2018. At the moment, the most important stage of crowdsale is in full swing – from April 17 to May 15.

How will system tokens be distributed?
– For sale will go 50%;
– Team – will receive 16%;
– Bounty – 4%;
– Reserve fund – 30%.

How will the collected funds be distributed?
– 20% operating costs;
– 25% partnership and marketing;
– 5% will go for further research;
– 5% legal points;
– most of all, 45% – will go to product development.

Crowdsale Bonus Program
Investors will receive a bonus, depending on the amount paid. When buying coins for up to 0.5 etherium – 5%, from 0.5 to 1 ETH – 10%, more than 1 and up to 5 – 20%, and when buying system tokens for amounts from 5 to 10 ETH, the buyer will receive “delicious “30% bonus!

Bounty

In total, 4% of all system tokens are allocated to the pool of bounty – 750 thousand system tokens (VXD), which is approximately equal to 750 thousand US dollars.

How will the funds allocated to the support campaigns be distributed?
– FB – 15% (112.5 thousand VXD tokens);
– Twitter – 15% (112.5 thousand VXD tokens);
– VK 5% (37.5 thousand VXD);
– Telegram 10% (75 thousand coins);
– Reddit – 10% (75 thousand VXD);
– Subscription campaign and avatar campaign 15% (112.5 thousand VXD);
– Translation And Ann Thread Moderation Bounty: 15% (112.5 thousand VXD);
– media and blogosphere – 10% (75 thousand VXD);
– and, the last – the so-called Bug Bounty: 5% (total of 37.5 thousand VXD).