14 Feb 2019

Velic Ico Review


As the New Year ushers in, hopes are high that the value of cryptocurrencies will be on the rise. The aftermath of the last surge in 2017 was the decline in trades. The year 2018 was not entirely to the favor of these coins. Hence, VELIC is taking the lead in the success of cryptocurrencies in the current year and the future. In a nutshell, the platform is a finance platform which encompasses multiple services for the crypto community.

Before VELIC; The Underlying Issues

It has become common practice to find solutions to numerous downsides in the crypto world. For VELIC, the focus is on the financial aspects of cryptocurrencies. For instance, traders and hodlers tend to have multiple accounts to access crypto services on different platforms.

Also, the issue of trust has eaten deep into the system. This was because the current structure does not have full risk management tools. Sequel to this is the fact that the relevant instruments that could have hedged the gap are not in place. In the light of this, and with its dispositions, hopes are high that VELIC will be the “master solution” to these downsides.

WHAT IS VELIC?

Describing Velic as a project would be an understatement, Velic is an Ecosystem that is being developed to tackle the issue of users security of funds and to enable users have access to many or all cryptocurrency related services from just one portal, this would enable users to do everything they want to do from just one account and because of how secure their funds would be, they do not need to spread their funds in so many platforms to keep it secure.

The Benefits of VELIC’s Crypto-Based Finance

In spite of being new financial instruments, cryptocurrencies have been doing well. Stable coins on their part hedge the gap between fiat and cryptocurrencies. At a time like this, VELIC’s crypto-based finance ecosystem will cement existing fragments. Issues such as hacks, limited risk management, and price volatility will be reduced.

Incredible Features – An Analysis of VELIC’s Working Solutions


However bad cryptocurrencies might have traded in the past, it is a new dawn with VELIC. It is worth noting that the platform coined its name from the features. From the Vault (V), the Exchange (E), the Loan (L), the Investment (I) and down to the Crypto Asset (C), it is clear that the platform has some positive tiding to offer. We’ll be looking at the functionalities of these features and what their presence will fathom in the crypto community.

The Vault

It is a truism that cryptocurrencies have no fiat foothold but they have leverage over traditional currencies. The vault here makes reference to the all-encompassing ecosystem that stores important data such as private keys and assets. Through this medium, the incidence of a hack will be prevented.

Exchange

Before the invention of Bitcoin Superstore where crypto coins can be used for purchases, there were fewer ways to spend the currency. Trading them on crypto exchanges was the sole medium for their continuity. VELIC take this further with the introduction of an in-house crypto exchange. The secure and user-friendly interface is what you need to get the best trading experience.

Loan


The time is ripe to borrow and lend cryptocurrencies. This is made possible through the loan sub-section of the platform. You can now get access to crypto loans at favorable rates. Hence, you have no reason for not making an investment in the ever-growing crypto community. To get a loan, you collateralize your crypto assets for loans made out in stable coins.

Investment


There are lots of investment opportunities that will yield returns for the investor.

Crypto Asset

All services in the ecosystem will be hinged on crypto assets. Thus, fiat instruments do not come to roost. The implication is VELIC’s intent to promote the uses of cryptocurrencies and in extension, increase their use cases.

Token Economy

The overall essence of the token economy is to reward participants for their actions. For this purpose, there are wide ranges of tokens in use. First, the primary token, the VELIC Token (VELT) coordinates transactions in the VELD and VELA exchanges. Other use cases include fee reduction and rewards for contributors’ trading activities.


The VELIC Dollar (VELD) serves as a stable coin that connects the fiat and crypto worlds. It maintains and specifically pairs with stable coins such as the USDT. The VELIC Authority (VELA) serves as a long-term store for other tokens. Users can convert their VELT to this token. They also get rewards when they contribute to the growth of the platform.

ROADMAP

TOKEN DETAILS AND ALLOCATION


I have always been if the opinion that it is beneficial to always do thorough research before investing in any project and on this note, I have added some important links below to assist in the research
If you want to learn more about the Velic Ecosystem and it's services, you can check out the links below, better yet subscribe to their newsletter in the website so that you can constantly be updated via email on any developments in the platform.

Website: https://www.velic.io/

Whitepaper: https://www.velic.io/web/download/VELIC_White%20paper_V1.01.pdf

Twitter: https://twitter.com/velicfinancial

Telegram: https://t.me/velicfinancial

Facebook: https://www.facebook.com/velicfinancial


Creator by bangdik123
Email : nesuboys@gmail.com

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