Overview Of VEIL PROJECT

To create a secure and anonymous cryptocurrency, the veil project is a privacy focused project that seeks to provide privacy for users on the cryptocurrency market. The Veil Project is a platform that secures anonymity of users by providing measures to fully shield users from external supervision or encroaching. The Veil Project is a cutting-edge, fully functional, full-time private transaction system. VEIL is the first Zerocoin Protocol-based coin with always-on privacy where no users can accidentally make traceable transactions. Furthermore, it is built with the latest and most secure version of Bitcoin core with advanced features. In a bid to backup for maximum convenience and security, a 24-word recovery seed has been built to back up the Zerocoin and Basecoin. On the VEIL wallet, wallets are feature-rich and designed from the ground up to provide the most seamless, intuitive experience for beginners and veterans alike. The Veil Project also seeks to prune Highly vetted privacy protocol with very large anonymity set sizes and a custom version with private staking precomputed spends, and Bulletproofs for smaller transaction sizes. In an attempt to enable ring confidential transactions, the veil project uses RingCT so that non Zerocoin spends would not and would never compromise or affect the privacy of Zerocoin spends.

Veil LAB.
For effectiveness of the veil project, veil labs have been built and stocked with cryptocurrency experts and programmers. These people are dedicated and focused and are regarded as the powerhouse of the veil project. The main job of the veil lab is to push technical boundaries and furthermore secure privacy and anonymity without compromising scalability but enabling high performance. The goal of the Veil LAB will be to reduce the not so good function and expectation. This is just a brief description of the job of the veil lab. Subsequently, as new methods are conceived and tested, the Veil project will be the first to implement them in Veil which would help to stay at the forefront of the industry.

Method of Coin distribution:
In the first year there will be 100 newly minted Veil for every block. The rate will slowly reduce annually, reaching 20 Veil per block at year 6 to year 18.5, and no more emission after. Budget funds will be secured first in a 2-of-3 multisignature deed managed by the founder, lead developer, and social influencer. There will be transparent monthly budget reports and an inflation-adjusted measuring cap on how much budget funds can be held, ranging from 20 million USD which is equivalent to a maximum of 50 million USD which also is equivalent per billion dollars VEIL market cap value.

Conclusively, the veil project after completion would be the leading privacy company on securing anonymity for cryptocurrency users and on mining, the coin distribution model will make use of hybrid mining and staking and a self-funding budget system to enable fair distribution and sufficient capital to achieve VEIL’s mission. In addition to mining and staking, Veil can be purchased from exchanges and earned by participating in the VEIL Bounty Program.

For more information and updates about Veil, visit the following links:

Website: https://veil-project.com/

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

ANN Thread: https://bitcointalk.org/index.php?topic=5065331.0

Telegram: https://t.me/VEILProject

Discord: https://discord.veil-project.com/

Linkedln: https://www.linkedin.com/company/project-veil/

Author Bitcointalk 🆔: Moshaid

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1578037

Veil Address:
bv1q26ghu2f8cjawt684r7qjdlalk0hk0aw0e9pk82