Velix.ID (VXD) - ICO (Token Crowd Sale) Details

- 4:48 AM
Velix.ID (VXD) - ICO (Token Crowd Sale) Details

Overview : Velix.ID is a platform to enable frictionless identity verification across the globe. The contemporary methods of identity verification take too long to process, incur massive financial loss for both businesses & individuals, and often compromise the personal information of the user. The reason why a disruption in the identity-verification space has not yet occurred is the lack of a tested/proven trust-framework on which all institutions, globally, can rely on for sharing the costs and liability of identity verification. Velix.ID aims at bridging this gap by building a universal, obscure, transparent, decentralized, time-efficient, and cost-efficient ecosystem for identity verification.


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Velix.ID (VXD) ICO (Token Crowd Sale) Details

Name Velix.ID (VXD) : A Global Platform for Frictionless Identity Verification
Ticker VXD
Token Type Utility Token
Token Price 1 VXD = 1 USD
Available for Token Sale 35,000,000 VXD (35%)
Pre-Sale Date 03/07/2018 - 04/16/2018
Main Sale Date 04/17/2018 - 05/15/2018
Review -

Velix.ID is decentralizing the process using smart contracts, zero-knowledge proofs (zSNARKs), and stellar consensus protocol (SCP) to build an ecosystem that is Universal, Obscure, Transparent, Decentralized, Time-Efficient, and Cost-Efficient.

Time Consumption
Current process of identity verification can take from days to weeks to months; depleting resources otherwise capable of generating revenue.

Privacy
Data stored in centralized locations are vulnerable to multiple and mass data breaches & risk exposing the identity of the user.

Security
Personally Identifiable Information (PII) is leaked at various stages in the ID verification process which leads to unsolicitated use.

Financial Loss
The process of ID verification inflicts significant fincancial cost to the businesses.

Velix.ID Ecosystem has its own native VXD utility tokens which will be used to transact identity verification between the stakeholders in the ecosystem.

The initial target markets are India & Australia with over 1.3 Billion identities, to be followed with operations launch in Asia-Pacific and UK.

The Velix.ID team and advisors come with extensive experience in the cryptocurrency industry with a varied background including from Cointelegraph, BnkToTheFuture, KickICO, PundiX, Propy, Trade.io, Covesting, Crypterium, and The Next Web.

Token Info
Token VXD
Platform Ethereum
Type ERC20 - Utility Token
PreICO Price 1 VXD = 1 USD
Price in ICO 1 VXD = 1 USD
Tokens for sale 35,000,000 VXD
Tokens supply 100,000,000 VXD

Investment Info
Soft cap 2,500,000 USD
Hard cap 23,800,000 USD
Accepting ETH, BTC, XRP, LTC
Restricted countries No restrictions
Whitelist / KYC Yes / Yes
Bonus < 0.1 ETH = 0%
0.1 - 0.5 ETH = 5%
0.5 - 1 ETH = 10%
1 - 5 ETH = 20%
5 - 10 ETH = 30%
10+ ETH = 35%
Pre-sale Date 03/07/2018 - 04/16/2018
Main Sale Date 04/17/2018 - 05/15/2018

Manav Singhal | CEO & CO-FOUNDER

Balwant Singh | CTO & CO-FOUNDER

Neer Varshney | Head of Partnerships

Shivam Mehan | Head of Operations

Somorin Roy | Head of Investment & Finance

Guangling Yang | Blockchain Developer

Piyush Goel | Front End Developer

Mike Cunningham | Investor Relations

Vaishali Verma | Outreach Manager

Sumeer Pai | KYC/ AML Expert

Alina kuznetsov | Full Stack Developer

Priyanka Pandey | Digital Marketing Manager

Aquil Sultan | Graphics

Aajay | Public Relations

___ Advisors ___


Simon Dixon | Investment Advisor

Tony Simonovsky | Marketing Advisor

Mickael Fourgeaud | Investment Advisor

Mohit Kalra | Strategic Advisor

Prof Simon Choi | Legal Advisor

Manan Mehta | Strategic Advisor

Simon Noonan | Technical Advisor

Peter O'Neill | Strategic Advisor

Julian Smith | Blockchain Advisor
June 2016 CONCEPTUALIZATION
A blockchain-based universal unique ID for each individual
June 2016 - March 2017 RESEARCH & DEVELOPMENT
Testing the concept over Bitcoin's, Ethereum’s, Stellar’s and other available blockchains
April 2016 - November 2017 VALIDATION
Architecting the idea with a hybrid blockchain of Ethereum and Stellar — validation of idea by technical advisors
December 2017 PUBLIC LAUNCH
Concept launched publicly — Website, White Paper, and Public Communications, presenting the idea to potential advisors & partners
November 2017 - March 2018 TEAM EXPANSION
Seed-funding raised, team expanded with Developers, Blockchain & Smart Contracts Experts, and PR, Strategy, and Marketing Professionals
January 2018 MVP & SMART CONTRACT
Minimal Viable Product developed and launched on play store, and Smart Contract Deployed
April 2018 TOKEN SALE
Presale and Crowdsale for the VXD tokens with bonuses
May - October 2018 MVP BETA TESTING
MVP & Velix.ID Blockchain beta testing & development as per feedback from industry experts and Ecosystem users
November 2018 PRODUCT PUBLIC LAUNCH
- Velix.ID App launch for PII Level 0, 1.
- Functional for use-cases such as e-commerce, KYC, etc.
- Users Identified: 130 Million
January- December 2019 OPERATIONS EXPANSION I
- Expansion to 10 other Asia-Pacific Countries for PII Level 0,1.
- Users Identified: 200 Million
October 2019 PRODUCT UPGRADE I
- App expanded to support PII Level 2.
- Functional for use-cases such as Hotel booking and Employment Details
January 2020 - June 2021 OPERATIONS EXPANSION II
- Further expansion in Asia-Pacific and Western Europe.
- Users Identified: 300 Million
May 2020 PRODUCT UPGRADE II
- App expanded to support PII Level 3.
- Functional for use-cases such as Medical Records
July 2021 - December 2022 OPERATIONS EXPANSION III
- Expansion in Asia, Europe, Africa, and the Americas.
- Users Identified: 500 Million
9.0 / 10.0
4.3 / 5.0
5.0 / 5.0
AA /
9.4 / 10.0


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Author: asrinur
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1114528
Donation:
ETH (ERC-20) Address: 0x86Ad36da59310683CfE8C2c66e798D2e636413fF
Bitcoin Address: 16DcB1iCq9rQ4PKQZUU8XhNcQ5qRCPmGsZ

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