VELIC REVIEW

supzeel (38)in #eth • 5 years ago (edited)

Cryptocurrency has really helped shaped the financial world. It has been described as a new class of asset by financial experts
and big wigs in the financial industry. As good as this sounds, investors have not been able to trust the cryptocurrency system
to the extent of committing their 100 to it. Now let’s not get it wrong, it’s not that the blockchain problem is not the problem
itself but the system and applications that run atop it. These systems for a very long time, have been known to be subjected
and victims of various shortcomings such as;
SECURITY ISSUES
With much emphasis laid on Hacking, which primes as the major sub-issues when we talk about security and threats associated
with the Blockchain platform. The issue here is not the blockchain platform iitself but dApps built using the platform. These has
always been a huge turn-off for investors.
Following closely, is the issue of Risk Management which has brought about the lack of trust which arose from the lack of
transparency n aspects of codes, algorithm and the likes.

CRYPTO ASSET CUSTODY is another issue raised by potential crypto investors which is the need for more crypto asset and
storage solutions are provided. Currently, the crypto industry lacks a distributed crypto-asset safekeeping infrastructure which
seems to be hindering the further growth of the industry.
Furthermore, to summarize these issues, other issues raised by investors include; User Experience and Product offering,
Fragmentation, Lack of sophisticated products, Disconnect with real World Finance, Price Instability and lack of transparency in
decision making.
These issues have been preventing the crypto industries from attaining the projected heights which include a general
acceptability by all and sundry in the financial world. In order to realize this goal, a platform called VELIC was created.

WHAT IS VELIC?

VELIC was created with the sole aim of tackling the issues and matters arising as it concerns the blockchain platform. This
Platform is also blockchain based and security conscious but seeks to help revitalize how the crypto platform works and evolve
around services and financial products. This believed to bring crypto services closer to the crypto enthusiasts and investors.
VELIC will be a messiah for the investors to provide them with top notch security and ease of use which will help improve
participation, acceptability and sustainability. This will also ensure that tokenized incentives are provided for members during
launch, scale-up and growth stages.
VELIC not bringing the Jack of all trade of a thing into its platform because it will be solely aimed at giving services which include

LOANS which will allow users to borrow and lend crypto assets at rates which will be determined by the platform
ASSET MANAGEMENT will make it possible to achieve different stages of exposure to the crypto assets with a wide
range of investment products.
VAULT SERVICES will be provided to help store and secure crypto assets. This security includes key loss prevention
and solutions for the transfer of assets should in case there is an unforeseen event such as Death of the asset owner.
Once the VELIC Platform is launched it will be launched with provision of a crypto asset exchange which will serve as the
breaking point.

VELT TOKEN

VELT Token will be used as the official token of the VELIC token. Total Issued token is capped at 15,000,000,000, with about
13,500,000,000 released up for mining. This allows a large number users to become beneficiaries of the token. A separate link
will be released for users to know the mining schedule.

VELIC PARTNERS