[Project review] VELIC - first multipurpose digital asset management platform!

adifariz (5)in #ico • 5 years ago

Greetings Success to You All in the BLG Community ...
Back with me, this time Adifariz I invite you to review the exciting VELIC project that will lead you to your next success.

https://www.velic.io

VELIC PLATFORM
For more than 60 years, Security Finance is proud to provide easy and safe installment loans for members of our community. Thanks to our strategically located branch, you can receive personal services from people you trust. At Security Finance, it's about being a good waiter in our community, helping neighbors when they need and treating customers with the respect they deserve.

Security Finance is licensed to offer traditional personal installment loans, which vary in number and conditions based on the country where you are located. Use the locator to determine if there are branches in your area, or start investigating your loan online.

VELIC is a smarter way to hold and use your crypto to get cash. Driven by transparent technology, superior security, unmatched expertise, strong partnerships, and access to industry experts, our products and services provide potential solutions to your financial needs.

Are loans supported by blockchain?

Loans supported by the blockchain are money you borrow for any type of personal or business use, such as paying off credit card debt, investing in home repairs, taking special vacations, or paying engagement rings or wedding expenses. This loan is guaranteed by blockchain assets, such as bitcoin. Taking loans can be a smart way to consolidate high interest rates below one monthly interest rate. To repay a loan, you pay principal and interest every month. Loans give you the flexibility to make large purchases, then pay them off with steps that make sense to you.

How does a VELIC loan work?

Loan Making - The borrower sends a guarantee to the VELIC guarantee wallet and the funds are transferred to the borrower's bank account. Guarantees remain the property of the borrower and any price appreciation or depreciation belongs to the borrower.
Loan Payments - A borrower makes regular and timely payments to lenders.
Loan Settlement - After repayment of the loan, the borrower's guarantee is freely available for withdrawal.

VELIC provides the First Instant Loans supported by the First Crypto in the World, thus resolving important inefficiencies for the crypto world. Until now, there is no alternative for digital asset owners to enjoy their crypto wealth except to sell it. The innovative model of VELIC brings to crypto the best communities of both worlds - maintaining 100% ownership of their digital assets while having direct access to cash. Crypto-Instant Loans supported are an automated, flexible, and economical way to save liquidity guaranteed by the value of the client's digital assets.

On the blockchain is the technology built?

The VELIC smart contract operates on Ethereum Blockchain and collateral is recorded on the original blockchain. Our Automated Loan Technology is an asset protocol and agnostic architecture.

The VELIC approach to implementing loan requirements implemented with smart contracts and the overall technical architecture of the platform itself is unique - hybrid models combine decentralized and centralized components, enabling transparent management to guarantee and implement contracts in the chain while securing personal data.

Whitepaper VELIC breaks down a number of clear questions arising from the potential for the deployment of crypto asset lending platforms, dedicating a large portion of the paper to legal, regulatory, and project risk considerations and the legal implications of smart contracts. The nature of loan arrangement in the

VELIC presentation process is highlighted and arguably one of the most clearly illustrated and well-arranged offers to reach the market lately. We want to see this practice widely adopted by ecosystems

VELIC is a blockchain based platform that allows lenders who are regulated to provide loans guaranteed by crypto assets as collateral that are stored in VELIC high security Crypto Vault.

VELIC will expand the private loan market while also offering members of the Lendo community network a variety of additional services, such as crypto wallets, credit cards and exchange of crypto trading, which leads to a complete cryptobanking ecosystem.

VELIC has a 'first mover' advantage in the emerging sector that connects Fintech with banking and financial services. This gives the loan company with the technology and expertise needed to take advantage of the many loan benefits of cryptocurrency as a secure guarantee. This will allow conventional lenders to build new client bases of crypto asset owners, as well as internationally and empower them to confidently move forward into the digital future.

VELIC uses the IEO (Initial Exchange Offer) system in February 2019. With the IEO, everything works differently. Startups that carry out the IEO will rely on exchanges or multiple exchanges to complete crowdfunding campaigns. Exchange may be responsible for smart contracts that receive money in exchange for tokens, for example, or for sales marketing. During the IEO, investors will send money to an exchange wallet or smart contract. The exchange will then send the token to the user.