VELIC ICO (VELIC token) review

velic-ico

Velic is Total Crypto Finance Platform. VELIC ICO rating – not rated.

ICO VELIC Visit VELIC ICO site

Upcoming ICO : 10/02/19 – 20/02/19

ICO rating

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About VELIC ICO (token sale)

VELIC ICO Platform provides a comprehensive solution for crypto-assets that delivers highest quality crypto-related services under a single integrated-user-account.

The VELIC ICO platform and its services will be protected by a proprietary secret sharing protocol. This underlying technology will act as a secure foundation upon which a full suite of crypto-financial solutions can be built and delivered. Further, it will enable the development of sophisticated financial products which will meet the needs of sophisticated crypto asset investors.

The VELIC ICO secret sharing protocol, in its final iteration, will ensure that neither VELIC ICO nor its affiliates (and by extension hackers) will have access to its users’ data including private keys, while customers retain full, real-time access over their crypto assets. It also eliminates the issue of lost/stolen keys and plans to include functions to enable assets corresponding to such keys to be recovered/ transferred in the case of extreme events, such as death of their owner. With the VELIC IEO security protocol, users’ crypto assets are safe from being lost or stolen. VELIC’s proprietary security protocol is further explained below.

Ultimately, the VELIC IEO Platform has been developed to lead to overall growth of the crypto-finance economy by addressing the needs of professional and institutional investors.

VELIC ICO platform members and participants gain access to two compelling advantages. First, they can store, manage and borrow crypto assets using a single VELIC ICO user account, minimizing the inherent risks of transferring assets between non-integrated and potentially insecure systems or accounts. Secondly, VELIC ICO account holders are eligible for a range of preferential services and reduced fees across the VELIC ICO ecosystem, including low interest rates on loans and the ability to earn tokens for platform participation.

VELIC token economy

The VELIC ICO token economy helps solve this issue using three proprietary tokens that are used within the VELIC Platform, while enabling more convenient access to the rest of the crypto economy and beyond.

VELT (VELIC Token):
VELT tokens drive the VELIC ecosystem. It is mined through platform participation and can be leveraged against services in the VELIC ecosystem in the form of reduced fees.

VELA (VELIC Authority):
VELA tokens have a 1:1 conversion ratio with VELT tokens. By electing to convert VELT tokens to VELA tokens, holders will be able to receive rebates on trading commissions.

VELD (VELIC Dollar):
A VELD token is a stablecoin which will be issued by VELIC and may be backed by a variety of assets including fiat, other stablecoins (such as USDT, USDC and TUSD) as well as other digital assets. It serves as a constant store of value, preserving a users’ wealth within the VELIC Platform.