New financial service of digital assets VELIC

borandreas (45)in #velic • 6 years ago

Velic is a security oriented crypto-financial platform, on which a number of advanced products and services are built and delivered. Starting with the Velic Exchange launching Vault in February, loan, asset management services will follow, and all of these services can be investigated with a single account.

A completely new asset class has emerged as a byproduct of the code and eliminates the need for third parties. There is a paradigm shift, technology blockchain and cryptocurrency here is a new era in the global financial sector. The most decentralized form of money has established itself as an excellent figure in the face of political upheaval and economic instability. There are advantages in cryptoactive assets, because they offer an alternative, non-standard way of storing value and doing business without relying on the competence of central banks. Decentralized money markets built using blockchain will be of great benefit because they allow people to lend, borrow and earn interest on their cryptoactive assets without the burden of risk for third parties.

In their current form, fiat currencies and cryptocurrencies are two completely different spheres with the ability to interact, or the ability of these two spheres to interact with each other, is strictly limited. Although in recent years, cryptocurrencies have become an attractive new asset class, it is still difficult to use cryptocurrencies in the fiat currency system, since cryptocurrencies are not generally recognized as the main financial world.

One of the biggest challenges of today's crypto society is the sudden increase in trading volume, which has led to the development of hundreds of crypto-exchange platforms, digital wallets, Depository services and other cryptographic related applications. The problem is that institutional and retail investors are often confused by the large number of operators. The latter are often incompatible with each other because there is no single unified network and no infrastructure to integrate multiple services.

The purpose of the platform is to provide access to the cryptofinance arena for professional investors and institutions that are still poorly served by the industry. Upon full launch, Velic's Suite of cryptographic-financial services will include asset management, loans and Vault services. These products and services are provided by Velic's proprietary security Protocol layer and are connected to each other through integrated cryptographic asset exchange. All platform activities take place easily and securely from a single Velic user account.

Abbreviation of VELIC:

Vault: privately secures private keys in a decentralized state.

Exchange: delivers the best digital asset trading experience by hosting a safe and transparent trading service. Besides the exchange platform, VELIC will operate an OTC trading desk to handle large trades and the IEO platform to offer new digital assets to the VELIC users.

Loan: create an internal credit-rating system that enables the borrowing of crypto assets.

Investment: provides crypto asset management services for crypto assets on VELIC.

Crypto Assets: most importantly, VELIC will primarily be focused on developing a financial crypto financial infrastructure.

VELIC Token Economy

VELIC works with three types of proprietary tokens simultaneously, with each token having its own special function. VELIC Token (VELT), VELIC Authority (VELA), and VELIC Dollar (VELD).

VELT is a main handle that controls ecosystem VELIC. Users can mine it by simply taking part in operations on the platform. Mining token directly associated with the Commission of stock exchange trading, supported users. VELT is the base token for VELA and VELD, so it is considered a reference token for any activity performed in the VELIC ecosystem.

VELA has been developed for users who want to store cryptocurrency in the long term. Each Vela token always has a 1: 1 conversion factor with VELT. VELA cannot be bought or sold on the market as it is intended solely for storage.

VELD is a stablecoin and is not tied to the VELT or VELA tokens, so the price of the token fluctuates regardless of the VELT or VELA. The stable coin is designed to connect the crypto space with traditional Finance and the real world.

Team

Team consists of experienced engineers and specialists in quantitative, financial consulting, derivatives and trading systems development.

Roadmap

Partnerships

VELIC has established a strategic partnership with ICON. ICON is an ambitious project whose goal is to create the success of Ethereum, EOS among other platforms. Developed by the Korean team, the platform allows block chains to interact with each other in a decentralized environment. Key features include intelligent contracts that can function in multiple chains.

It also attracted strategic investments from DEBLOCK, a blockchain project specialist. Deblock is VC firm and accelerator jointly founded by ICON, the leading Korean blockchain protocol & AD4th Insight, a leading blockchain based marketing company.