Velix.ID and Bancor announces strategic listing partnership between the two companies towards the common cause of improving consumer services utilizing blockchain technology. Both the companies will work in synergy towards integrating the Velix.ID Utility Token $VXD with Bancor, which provides an autonomous, non-profit liquidity solution and enables the long tail of user-generated cryptocurrencies to emerge, democratizing access to value creation.

Bancor is a decentralized liquidity network that provides users with a simple, low-cost way to buy and sell tokens directly through their wallets. It’s a protocol for the creation of Smart Tokens, a new standard for cryptocurrencies which are intrinsically exchangeable directly through their smart contracts.

Bancor utilizes an innovative reserve method to enable automatic price discovery and continuous liquidity for tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive.

Velix.ID is a platform to enable frictionless identity verification across the globe. It allows for a seamless exchange of verified identities between businesses & organizations near-instantly, with the explicit consent of the User, that can be obtained in real-time. Utilizing blockchain technology, Smart Contracts, Zero Knowledge Proofs, and Stellar Consensus Protocol (SCP), Velix.ID is building an ecosystem that optimizes time & cost resources for both businesses and consumers to their maximum potential.

Manav Singhal, CEO & co-founder of Velix.ID, said of the partnership

The primary utility of $VXD tokens is to enable secure and efficient sharing of verified identities across businesses and consumers. With Bancor, that presents a simple and low-cost way of transaction to its users, the exchange of $VXD will become way better and user-friendly. As right after the crowdsale, $VXD will be made available to its users for utility purpose, having Bancor which provides an open-source protocol for automated token conversions, as exchange partner, will duly make the flow of the token trouble-free.

We are super excited to have Bancor onboard. We believe our partnership will deliver best results and success to both the companies.

The Velix.ID token sale is LIVE. Sign-up now on account.velix.id to invest in the sale. 5% Bonus for the first 24 hours of creating an account!

Find out more about Velix.ID and our token sale at our site https://www.velix.id/

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