The new year is filled with expectations of good tidings in the world over. It’s a time of the year when everyone, irrespective of their religious, social or ethnical background, takes time to reflect on the past year, and make decisions that affects the entire course of how the rest of the year goes for them. In the blockchain ecosystem, it is a time when most enthusiast believe blockchain technology will take giant leaps into becoming the bedrock of truly decentralized apps that will scrap off the evasive monopoly currently being enjoyed today by only a handful in various aspect of human endeavor most especially, in the financial world.
It is in this vein that VELIC is birthed. After close scrutiny at the blockchain technology, especially, in the fintech sphere, it was discovered that the reason why blockchain technology does not enjoy the attention of institutional investors, despite its enormous potential, is basically hinged on two major reasons:
THE UNDERLYING PROBLEM
LACK OF TRUST
Most systems developed on the blockchain technology lack risk assessment and management tools, and thus, proper risk analysis cannot be carried out to determine the potential of success or fail quota.INAVAILABILITY OF A UNIFIED PLATFORM
According to research, there is no unified crypto platform where users can access multi-level finance service. In order words, Trading, Loans, Asset security are all different services that require multiple accounts on different service providers which can be difficult to maintain and keep track of.
THE VELIC SOLUTION
VELIC which is coined from the solutions it proffers ranges from the Vault, the Exchange, the Loan, the Investment and down to the Crypto Asset and tackles Issues such as hacks, price volatility, and limited risk management. In their own words, VELIC is a security-focused crypto-finance
platform, upon which a range of advanced crypto-financial products and
services are being built and delivered.
This is in a bid to encourage institutional investment into tapping into the many faceted resources that blockchain has to offer, and yet averting the inherent risk mentioned above.
A CLOSE LOOK AT WHAT VELIC OFFERS
- The Vault: One common issue with investors in the blockchain ecosystem is the risk of being hacked. Most investors do not take time to understand how the system works and are only too eager to get hole of financial assets, only to lose them. The vault here makes reference to the all-encompassing ecosystem that stores important data such as private keys and assets.
- Exchange: VELIC features an in-house Exchange, where users can exchange their VELIC tokens with other tokens and vice versa. The intuitive user-interface built with security in mind is all you need for a worthwhile experience.
- Loan: VELIC is true to their goal of providing a multilevel financial solution, and hence features a loan service. Userds can obtain low interest loans by collateralizing crypto assets made out in stable coins.
- Investment: There are various investment opportunities offered by VELIC.
- Token Economy: Users are rewarded for their active contribution to the Velic ecosystem, and there are three tokens on the VELIC ecosystem which include:
- VELT – This is the primary token and cordiantes transaction in the in the exchanges.
- VELD – This is a more stable coin that connects the fiat and cryptocurrency.
- VELA – This is for long term storage for other tokens.
MEET THE MANAGEMENT
Token Distribution
Mining: 90%
CrowdSale: 6%
Reserve: 4%
If you wish to know more about this awesome project, I suggest you check out the links below
WEBSITE | WHITEPAPER | TELEGRAM | TWITTER | FACEBOOK
WRITER'S DETAILS
Bitcointalk: endy_007
Email: [email protected]
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