VELIC EXCHANGE

The exchange platform is one of the key components of the VELIC ecosystem, as it enables network participants to convert cryptocurrencies with a different array of different digital assets. This ensures a high degree of liquidity, transparency, and security within the blockchain space.

The infrastructure of the VELIC exchange was built to provide a cryptocurrency trading experience by hosting a secure and transparent pure crypto-to-crypto system. The trading process meets the highest standards while being intuitive and accessible to both institutional and retail investors. The team behind VELIC ensured to narrow potential friction points within the trading service.

To guarantee an outstanding service, the exchange will integrate or have the following:

- Separate storage of private keys — a solution meant to maintain the traders’ funds in a secure environment. Potential VELIC users should know that the team won’t have access to their private keys.

- All investors without exception are informed and announced on the potential risks involved with trading cryptocurrencies. This is a regulatory requirement whose implementation is meant to increase awareness among investors. While many cryptocurrencies have demonstrated astronomical returns, traders should consider the volatility risks and stick to money management practices.

- Users will be verified in line with the KYC requirements.

- The VELIC exchange is compliant with the Anti-Money Laundering (AML) procedures.

Despite the verification procedures, traders will have peace of mind on their data privacy, as VELIC applies sophisticated technologies to ensure the security of data.

At the launch, an event planned for this quarter, four base digital assets will be available to trade, including Bitcoin, Ethereum, USDT, and VELT. They will be traded against up to 10 cryptocurrencies and tokens, with more assets to be added as the platform expands. The exchange will be accessed from web browsers and mobile applications.

Institutional investors, asset management funds, mining firms, and high volume traders will be able to trade through an exclusive desk that facilitates over-the-counter (OTC) deals. Each client will have an account manager who will monitor the whole process, from inquiry, proposal, and contract to execution. These special traders can rely on a professional customer support service available at any time.

Exchange on Mobile

Another essential component of the VELIC Exchange’s infrastructure is the Initial Exchange Offering (IEO) platform, which is aimed at new blockchain projects that seek to list their tokens for the first time. The IEO exchange unit will give investors the opportunity to trade newly issued tokens. Notably, VELIC will be launching their own IEO in the form of an IAO(Initial Auction Offering) for the initial launch of the VELIC exchange token.

VELIC network users will enjoy preferential access to new projects at their early stage. On the other side, the young DLT(Distributed Ledger Technology) projects will be able to list their tokens at zero fees.

As displayed in the roadmap, the three platforms — standard cryptocurrency exchange, the IEO platform, and the OTC(Over the Counter ) desk — are about to be launched in a few weeks. VELIC enables users to hold a single account that integrates all the features and services, which makes it easier for investors and traders to simultaneously access multiple VELIC services, such as the vault, asset management, and loans.