lifting: VELIC is a crypto-finance platform that focuses on security including asset management, loans, and vault services.

https://www.velic.io/

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Introduction

Cryptocurrency is now recognized by the entire financial industry, even though investors are not yet fully committed to marketing it. Because it sees still a lack of public confidence in the blockchain technology system. This happens because there is still a lack of still lack of openness in financial instruments, risk management, transparency of institutions, professional investors and the sophistication needed by investors.

What is VELIC?

VELIC is a security-focused crypto-finance platform, upon which a range of advanced products and services are being built and delivered. VELIC’s goal is to provide access to the crypto-finance arena for prudent investors, including institutions. The VELIC suite of crypto-financial services will include Asset Management, Loans and Vault Services. The platform will be tied together by the VELIC crypto exchange.

VELIC utilizes a proprietary ‘Secret Sharing’ protocol to deliver institutional grade security. Under this protocol, private keys are encrypted and then divided into “shares” for storage by multiple verified holders, including those outside the VELIC ecosystem. Shares cannot be synthesized by VELIC or any of the storages alone and the individual shares are of no use on their own, thus eliminating any single point of failure.

Although it is a new financial instrument, the cryptocurrency has done well. Coins are stable in part they hedge the gap between fiat and cryptocurrency. At present, the crypto-based VELIC financial ecosystem will cement existing fragments. Problems such as hacking, risk management are limited, and price volatility will decrease.

Despite the fact that some forms of cryptographic money that have been traded in the past have not helped the cause of massive crypto adoption following challenges and problems of transparency, we are pleased to announce the inclusion of a one-stop solution for all challenges called VELIC. This is one of the leading innovative infrastructures that offers several positive multi-service functionalities and solutions to offer. Velic has some amazing features that will strengthen new dynamics in the crypto ecosystem and this includes:

Vault: Safely stores access to crypto assets. Including major loss prevention and solutions for asset transfers if extreme events occur.

Exchange: Provides the best crypto environment and asset trading experience by hosting a safe and transparent crypto-to-crypto trading service.

Loan: Borrow or loan crypto assets at preferential prices.

Investment: Various investment products used to achieve various levels of exposure to crypto assets.

Crypto Asset: All of these services will be based on Crypto Assets.

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 crypto banking ecosystem.

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. The 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.

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 security 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 economic token

The VELIC ICO token economy helps solve this problem using three proprietary tokens used in the VELIC Platform while allowing more convenient access to the entire crypto economy and so on.

VELT (VELIC Token): VELT Tokens drive the VELIC ecosystem. It is mined through participation platforms and can be used for services in the VELIC ecosystem in the form of cost reduction.

VELA (VELIC Authority): VELA tokens have a 1: 1 conversion ratio with VELT tokens. By choosing to convert VELT tokens to VELA tokens, the holder will be able to receive rebates on the trading commission.

VELD (VELIC Dollar): VELD Tokens are stable coin which will be issued by VELIC and can be supported by various assets including fiat, other stable assets (such as USDT, USDC and TUSD) and other digital assets. It functions as a constant store of value, preserving the wealth of users within the VELIC Platform.