VELIC – The Multipurpose Finance Platform for the Crypto Community

As the New Year ushers in, hopes are high that the value of cryptocurrencies will be on the rise. The aftermath of the last surge in 2017 was the decline in trades. The year 2018 was not entirely to the favor of these coins. Hence, VELIC is taking the lead in the success of cryptocurrencies in the current year and the future. In a nutshell, the platform is a finance platform which encompasses multiple services for the crypto community.

Before VELIC; the Underlying Issues

It has become common practice to find solutions to numerous downsides in the crypto world. For VELIC, the focus is on the financial aspects of cryptocurrencies. For instance, traders and hodlers tend to have multiple accounts to access crypto services on different platforms.

Also, the issue of trust has eaten deep into the system. This was because the current structure does not have full risk management tools. Sequel to this is the fact that the relevant instruments that could have hedged the gap are not in place. In the light of this, and with its dispositions, hopes are high that VELIC will be the “master solution” to these downsides.

The Benefits of VELIC’s Crypto-Based Finance

In spite of being new financial instruments, cryptocurrencies have been doing well. Stable coins on their part hedge the gap between fiat and cryptocurrencies. At a time like this, VELIC’s crypto-based finance ecosystem will cement existing fragments. Issues such as hacks, limited risk management, and price volatility will be reduced.

Incredible Features – An Analysis of VELIC’s Working Solutions

However bad cryptocurrencies might have traded in the past, it is a new dawn with VELIC. It is worth noting that the platform coined its name from the features. From the Vault (V), the Exchange (E), the Loan (L), the Investment (I) and down to the Crypto Asset (C), it is clear that the platform has some positive tiding to offer. We’ll be looking at the functionalities of these features and what their presence will fathom in the crypto community.

The Vault

It is a truism that cryptocurrencies have no fiat foothold but they have leverage over traditional currencies. The vault here makes reference to the all-encompassing ecosystem that stores important data such as private keys and assets. Through this medium, the incidence of a hack will be prevented.

Exchange

Before the invention of Bitcoin Superstore where crypto coins can be used for purchases, there were fewer ways to spend the currency. Trading them on crypto exchanges was the sole medium for their continuity. VELIC take this further with the introduction of an in-house crypto exchange. The secure and user-friendly interface is what you need to get the best trading experience.

Loan

The time is ripe to borrow and lend cryptocurrencies. This is made possible through the loan sub-section of the platform. You can now get access to crypto loans at favorable rates. Hence, you have no reason for not making an investment in the ever-growing crypto community. To get a loan, you collateralize your crypto assets for loans made out in stable coins.

Investment

There are lots of investment opportunities that will yield returns for the investor.

Crypto Asset

All services in the ecosystem will be hinged on crypto assets. Thus, fiat instruments do not come to roost. The implication is VELIC’s intent to promote the uses of cryptocurrencies and in extension, increase their use cases.

Token Economy

The overall essence of the token economy is to reward participants for their actions. For this purpose, there are wide ranges of tokens in use. First, the primary token, the VELIC Token (VELT) coordinates transactions in the VELD and VELA exchanges. Other use cases include fee reduction and rewards for contributors’ trading activities.

The VELIC Dollar (VELD) serves as a stable coin that connects the fiat and crypto worlds. It maintains and specifically pairs with stable coins such as the USDT. The VELIC Authority (VELA) serves as a long-term store for other tokens. Users can convert their VELT to this token. They also get rewards when they contribute to the growth of the platform.

ROADMAP

Token Distribution

Mining: 90%
CrowdSale: 6%
Reserve: 4%

Token Sales Information

Ticker: VELT
Token Supply: 15 billion VELT

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