Velix.ID is a global identification service platform built on the blockchain. The identification platform adopts the zero-knowledge proofs (zSNARKs), stellar consensus protocol (SCP) and smart contracts protocol of the blockchain technology to guarantee its users a decentralized, universal, transparent, affordable, time-saving and frictionless identification ecosystem. On a yearly basis, about $200 billion is lost to identity fraud, though the complete elimination of losses through identity fraud seems like a practical impossibility, the integration of Velix.ID will substantially and significantly reduce these losses and maybe even eliminate them for good – given time.
For users on Velix.ID, the system verifies their identity through Velix.ID mobile app using various methods including biometric verification – fingerprint scanning. Users on the platform can also use Velix.ID to act as the latter stage of a two-factor authentication system and to authorize requests. Several conventional identification systems are inefficient, expensive and susceptible to hacking, an occurrence which could lead to compromise of data, monetary loss as well as the loss of personal digital assets of the hacked party- individual or organization.
Velix.ID VXD Tokens
The Velix.ID ecosystem is powered by its own native utility token known as VXD tokens. These tokens will grant an easy and secure access to transact identity verification between the stakeholders in the identity ecosystem. The ICO of VXD token is ongoing. It commenced on the 17th of April 2018 and will operate till May 15th 2018 with the tokens priced at $1 USD each. The hard cap is fixed at $23.8 million USD and all unsold tokens will be burnt by the system after the ICO.
How to Purchase VXD tokens
There are a total of 11 accepted coins in the token sale including Ether – ETH, Bitcoin – BTC, Ripple – XRP and Litecoin – LTC. To purchase VXD tokens in the ICO, follow the steps outlined below.
- Visit the Velix.ID website here; https://www.velix.id
- Tap the ‘login’ button at the top right hand corner of the webpage, sign in if you already have an account, sign up and register for membership if you are a new timer.
- For newcomers signing up, there’s an option to sign up via Facebook, Google or email.
- Logging in/signing up takes you to the Velix.ID token sale webpage.
- On the new web page, you can choose from any of the 11 supported coins your preferred investment option.
- Each coin comes with a display of its own unique exchange rate in VXD tokens.
- Input the amount of money you wish to spend on the purchase.
- Also on display is the percentage bonus allocation depending on the invested amount.
- Tick the confirmatory boxes and tap on ‘Buy VXD tokens’.
- The page will reload to display the ICO address where the coins will be sent to.
- It is pertinent to note that all transactions must be completed within 24 hours of initiation otherwise you would have to create a new transaction if 24 hours have elapsed before the completion of a transaction.
- You can tap on ‘Check transaction status’ to view the details and status of your transaction and even leave feedback once the transaction is successful.
- Investors can make donations from exchange wallets as well.
- VXD tokens will be instantly sent to your ERC-20 token compliant wallet through the smart contract once your funds have been processed and confirmed by the system.
Conclusion
Velix.ID is partnering with governments and industries to integrate its ecosystem across major sectors where an efficient and effective identification system is a required. With over 1.3 billion identities, more than any other identification system currently has, the platform will first be launched in India and Australia before expansion is extended to Asia-Pacific, UK and subsequently, the rest of the world.
Don’t invest more than you can afford to lose, Contact the Velix team for the most accurate and up to date information.