Almost, every major change brings too many flaws alongside independent of the sector or branch it takes place and crypto world and its assets are no different in that regard. Frequently we come across with the breaking news consist of hacking of some exchange or new pishing methods and such. The very deep fear of any crypto trader is their wallets or accounts being hacked and so far, this pain couldn't be relieved. Some famous trading grounds seem more convenient regarding the protection but there is no ultimate solution apparently.

VELIC has started off the ecosystem to bring a complete solution or the crypto trading and its main focal point is the security.

Let's first go through the main problems of the current crypto environment.

Problems

•Hacking

Source of the hacking problem lies within the platforms, not because of the blockchain technology. Most of the hacking incidents happened on the exchanges or caused by the individual lack of prevention.

•Risk Management

Almost all of the crypto platforms are not well-managed by the founders or initiatives behind them. This is due to not only lack of regulatory submissions but also missing the client-centred approach.

•Crypto-Asset Surveillance

A high-level surveillance system is one of the huge missing parts if look into the crypto platforms closely. Security centred touch is time and effort consuming practices which could be easily ignored since most of the cases remain individual and don't bring significant harm to the platform.

•Fragmentation

There is a great demand for a solid and concrete solution for crypto finance integration but currently, there isn't any whatsoever. Fragmentation of the services creates wasting in money, time and effort.

•Lack of Advanced Products

Most of the platforms don't invest in developing sophisticated and unique products and services which could be simply promoted user experience since it requires meticulous study and more funding.

•Lack of Connection with Common Finance Sector

Without any massive financial players, the crypto realm condemned to be a separate area and an instrument toyed with some entities called "whales".

•Volatility

The smoothness in the use cases of crypt assets seems far away since the price volatility is incredibly high.
VELIC platform aims to solve those fundamental problems of the actual crypto habitat problems.

VELIC Solutions

•Vault

In VELIC vault system, crypto assets could be stored securely and accessible. This application includes key loss prevention and solutions for the transferal of assets in case of an extreme event.

•Exchange

VELIC exchange is here to deliver the best crypto asset dealing practice and the conditions by treating a reliable and open crypto-to-crypto trade service. Including the OTC and IEO opportunities, the exchange happens to be unique indeed.

•Loan

Loan Workflow

VELIC's ultimate solution or crypto trading provides borrowing or lending crypto assets at preferred rates.
The steps of the being loaned are listed as;

✔Applying for VELIC loan
✔Entering loan terms
✔Reading provisional agreement to finalize the application process
✔Transferring collateralized assets to VELIC Loan
✔Receiving loan into the user’s VELIC account

•Investment

The system provides a variety of investment products used to produce varying levels of exposure to crypto assets.

•Crypto Assets

The system is constructed completely on the crypto assets and their financial value.

Token Ecosystem

The other distinctive feature of the VELIC platform is its token ecosystem. The ecosystem consists of three token models.

•VELIC Token (VELT) is the main asset and the core of the movement within the platform offering rewards, mining chance, liquidity and reduction of trading fee or other services.

•VELIC Authority (VELA) is the token which can't be traded within the platform. The purpose of VELA is long-term passive income. VELT can be converted to VELA in 1:1 ratio immediately but the conversion of backwards may take up to four weeks.

•VELIC Dollar (VELD) is the stable coin of the platform which has a direct connection to other stable coins and which presents convergence with the real finance worlds by stability provision.

Token Allocation and Specifics

Team

Road Map

Final Words

A Crypto-Finance Ecosystem, Secure by Design

With the opportunity to reach every service and element of the system, great mining and staking management, genetically secure exchange platform and loan and vault provision, VELIC creates a comprehensive solution for the crypto trading alongside common finance sector-crypto assets connection chance.

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For more details, please visit project links below

DISCLAIMER
This article is not meant to give commercial or any other kind of advice. It is just an informative text at all.
Always DYOR

Author: basicnecromancycr
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