Existing methods identity authentication require a lot of time for analysis and processing of all information and it will result of complexity for business and organizations. Also because of this financial losses are very common. Therefore, the problem of authentication requires urgent New development.this is where the Velix.ID project aims the organization of a platform aimed at checking identity without the need for lengthy and complex procedures, an economically efficient and transparent system for the accurate verification of identity.

Velix ID is a completely new level of digital identity, based on the blockchain technology. In addition, Velix.ID is aimed at reducing financial costs, time, ensuring confidentiality and improving the level of security in the verification of identity. It will be the new platform for accurate authentication of the online space. As part of the Velix.ID project, individuals, organizations, and businesses can accurately and conveniently monitor all personal information almost instantaneously and without additional restrictions,

The current problem of loss of personal information and its successful solution with Velix.ID

The leaking of personal and confidential data is an actual problem in the 21st century. Every year millions of people affected from this problem - after receiving information, attackers transmit it in a darknet or try to gain control over their bank accounts on their own. To cope with such a problem allows only decentralized storage of personal data, with the setting of personalized access to them. Planning an order in an online store? Simply enough to enter the 8-digit code, after processing the operation, the store again transmits data in an already encoded format. Now every purchase becomes an extremely simple and safe transaction using reliable resources of block-technology.





How do users interact?

• Identity Holders

Any person can be identified as the owner of the identification data in the Velix.ID system. All holders of Velix.ID certificates have a unique identification number (ID), all personal information is attached to it. Everyone has the opportunity to use Velix.ID for identity verification. Owners of Velix.ID certificates can ask companies and organizations to verify their identity in the Velix.ID unit. After that, the checked identifier can be transferred to any other organization through Velix.ID, note, Velix.ID does not store any information at that. All data of the holder of the identity card is kept safe by the cardholders themselves, thus ensuring the confidentiality of the information.

• Individual applicants for verification of identity

These are companies, institutions that need identification of a person, usually organizations do not want to waste time and money on such checks, so using the Velix.ID system for identification is the most optimal solution. If the identity has already been verified by the organization, the process should not be repeated by other organizations to re-verify the same ID. At the same time, permission, user consent, of course, are mandatory for this exchange between the two organizations.

• Identity Identity Providers

Companies, organizations engaged in verification of data related to the identification of a person or business, can become trusted providers of identification in Velix.ID. For example, it can be large educational institutions, medical institutions, financial institutions, banks and even government organizations.





ICO Details

All transactions on the Velix.ID platform are performed in VXD tokens . This official VXD token can be called official. The purpose of tokens is to facilitate the exchange of trusted identity data in the Velix.ID ecosystem. The total number of VXD tokens is 100 million, there are no additional mechanisms for creating more tokens in the future. 100 million - the final amount.

It is important to note that during the initial placement of the tokens, the owners of the tokens will be given the standard VXD ERC20 tokens on the Ethereum unit. When Velix.ID is launched, the owner of the tokens will be listed the equivalent number of tokens in Velix.ID (VXD). In the future, with the development of the platform, VXD is fragmented into a smaller unit, called VEL, 1 VXD = 100,000 VEL. This is done in order to make the individual verification procedure more user-friendly, since the cost of VXD tokens will be divisible into smaller parts.

• Estimated price 1 VXD = 1 USD

• Bonus: currently available

• Ethereum Platform

• We accept ETH, BTC, XRP, LTC for payment

• Minimum investment 0.1 ETH

• Softcap 2,500,000 USD

• Hardcap $ 23,800,000

• All unsold tokens will be burned

• Project Country Singapore

• Whitelist: yes





Conclusion

Velix ID is one of the most promising and expected projects. With the full implementation of the road map, this project will become the most modern, safe and stable platform for identifying the individual with the highest degree of confidentiality! Velix ID is ahead of the competitor in all respects! I strongly advise you to read more detailed information in the technical documentation of the project. For those who choose a project for investment, pay attention to Velix ID, a very worthy candidate: an excellent and necessary idea, a professional team, well-known advisors, simply excellent ratings on all independent venues.





References to the project resources:

Official website: https://www.velix.id/

Technical document: https://www.velix.id/assets/Velix-White-Paper.pdf

Twitter: https://twitter.com/ VelixId

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

Telegram: https://t.me/velixID

My bountyhive referal link : bountyhive.io/r/Chamika



