Velix.ID

Velix.ID

Created using Figma
Created using Figma

Last Update

Apr 24, 2018

Velix.ID is a RegTech blockchain startup working in the identity verification space. At Velix, we are building a platform to enable frictionless identity verification across the globe. The contemporary methods of identity verification take too long to process, incur massive financial loss for both businesses & individuals, and often compromise the personal information of the user. We are utilizing blockchain Smart Contracts, Zero Knowledge Proofs, and Stellar Consensus Protocol (SCP) to build an ecosystem that optimizes time & cost resources for both businesses and consumers to their maximum potential. In line with its mission, Velix.ID will also build NFC-enabled ID cards, devices & softwares to install Velix.ID verification system at entry-restricted areas, such as offices, educational institutes, or subway stations etc.
SALE
Apr 17, 2018
May 15, 2018
100% completed
$2 288 628
9% goal completed
Goal 23 800 000 USD
past
  • 1 VXD
    =
    1 USD
PRE SALE
Jan 27, 2018
Feb 9, 2018
100% completed
Raised funds - no Data
Cap 2 500 000 USD
Hard cap 25 000 000 USD
past
  • 1 VXD
    =
    1 USD
Token Details
Ticker
VXD
Accepted Currencies
ETH, BTC, LTC, XRP
Company Details
Registered Country
India
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Categories
Platform, Cryptocurrency

About Velix.ID

The personal identification Information of an individual has grown leaps and bound In the last three decades, but the methods of verification have not quite caught up. While recent innovations like the United Nation's ID 2020 initiative, New Zealand Govt.'s RealMe, and Sweden's BankID and Indian Government's AADHAAR Card are attempts at simplifying this process; they all lack in protecting the privacy of the concerned individual. The primary reason why a disruption in the identity-verification (IDV) space has not yet happened is the lack of a tested/proven trust-framework on which all institutions, globally, can rely on for sharing the costs and liability of identity verification. Velix.ID aims at bridging this gap by building a universal, obscure, transparent, decentralized, time-efficient, and cost-efficient ecosystem for Identity verification.

  • Time Consumption
    Current process of identity verification can take from days to weeks to months; depleting resources otherwise capable of generating revenue.
  • Privacy
    Data stored in centralized locations are vulnerable to multiple and mass data breaches & risk exposing the identity of the user.
  • Security
    Personally Identifiable Information (PII) is leaked at various stages in the ID verification process which leads to unsolicitated use.
  • Financial Loss
    The process of ID verification inflicts significant fincancial cost to the businesses.

Features

  • Decentralized: a Platform which does not store data in a central database.
  • Unique ID: Each user registering on Velix.ID will get a unique 8-digit alpha numeric ID.
  • User authorization mandatory for all transactions of ID information.
  • User is in control of his own data at all times.
  • Transactions on the Velix ID blockchain can be seen by everyone. Verifiable authenticity exists for every transaction made.

Velix.ID Roadmap

  • JUNE 2016 — CONCEPTUALIZATION

  • A blockchain-based universal unique ID for each individual.
  • June 2016

  • Conception of the idea of a Unique ID solution
  • JUNE 2016 - MARCH 2017 — RESEARCH & DEVELOPMENT

  • Testing the concept over Bitcoin's, Ethereum’s, Stellar’s and other available blockchains.
  • December 2016

  • Testing the idea on a centralized platform
  • Read More
  • APRIL 2016 - NOVEMBER 2017 — VALIDATION

  • Architecting the idea with a hybrid blockchain of Ethereum and Stellar — validation of idea by technical advisors.
  • March 2017

  • Mooting Blockchain-based trustless Ecosystem
  • DECEMBER 2017 — PUBLIC LAUNCH

  • Concept launched publicly — Website, White Paper, and Public Communications, presenting the idea to potential advisors & partners.
  • September 2017

  • Velix.ID Implementation
    Pre-Seed Funding
  • NOVEMBER 2017 - MARCH 2018 — TEAM EXPANSION

  • Seed-funding raised, team expanded with Developers, Blockchain & Smart Contracts Experts, and PR, Strategy, and Marketing Professionals.
  • December 2017

  • Development of the Project
  • JANUARY 2018 — MVP & SMART CONTRACT

  • Minimal Viable Product developed and launched on play store, and Smart Contract Deployed.
  • January 2018

  • Private Sale
    Pre-Sale
    MVP Launch
  • APRIL 2018 — TOKEN SALE

  • Presale and Crowdsale for the VXD tokens with bonuses.
  • February 2018

  • Crowdsale
  • MAY 2018- OCTOBER 2018 — MVP BETA TESTING

  • MVP & Velix.ID Blockchain beta testing & development as per feedback from industry experts and Ecosystem users.
  • March 2018

  • Unlocking the tokens from the Smart Contract
  • NOVEMBER 2018 — PRODUCT PUBLIC LAUNCH

  • Velix.ID App launch for PII Level 0, 1.
    Functional for use-cases such as e-commerce, KYC, etc.
    Users Identified: 130 Million
  • April 2018

  • Blockchain Beta Preview
    Launch of Early-Reward Program
  • JANUARY 2019- DECEMBER 2019 — OPERATIONS EXPANSION I

  • Expansion to 10 other Asia-Pacific Countries for PII Level 0,1.
    Users Identified: 200 Million
  • October 2018

  • Product Public Launch (Global)
    e-KYC beta launch (India & Australia)
  • OCTOBER 2019 — PRODUCT UPGRADE I

  • App expanded to support PII Level 2.
    Functional for use-cases such as Hotel booking and Employment Details.
  • January 2019

  • eKYC Public Launch
    ‘Advanced PII’ Level Beta Launch (India & Australia)
  • JANUARY 2020-JUNE 2021 — OPERATIONS EXPANSION II

  • Further expansion in Asia-Pacific and Western Europe.
    Users Identified: 300 Million
  • May 2019

  • ‘Advanced PII’ Level Public Launch
  • MAY 2020 — PRODUCT UPGRADE II

  • App expanded to support PII Level 3.
    Functional for use-cases such as Medical Records.
  • June 2019

  • Operations Expansion in 10 more Asian Countries
  • September 2019

  • ‘Beyond PII’ Level Beta Launch
  • JULY 2021-DECEMBER 2022 — OPERATIONS EXPANSION III

  • Expansion in Asia, Europe, Africa, and the Americas.
    Users Identified: 500 Million
  • January 2020

  • ‘Beyond PII’ Level Public Launch
  • June 2020

  • Global Operations Expansion

Activity

Activity:
53
LOW
Posts:
217
MEDIUM
Views:
3 806
LOW
Activity:
350
HIGH
Merit:
100
MEDIUM
Posts:
2 483
VERY HIGH
Views:
23 758
VERY HIGH
Users:
469
HIGH
Posts:
302
HIGH
Followers:
9 877
HIGH
Likes:
9 709
HIGH
Rating:
5
VERY HIGH
Reviews:
144
HIGH
Followers:
4 197
MEDIUM
Tweets:
483
HIGH
30 Days Growth:
-1140
Members:
14 997
VERY HIGH
30 Days Growth:
-1178
Alexa
Rank:
1 291 043
VERY LOW
Delta:
251 731
Year commits:
86
Watchers:
2
Stars:
5
Forks:
0
Open issues:
5

Team

Verified 5%

Attention. There is a risk that unverified members are not actually members of the team

CEO & Co-founder
verified
Head of Communications & Outreach
unverified
Community Head, Global
unverified
Blockchain Developer
unverified
Community Head, Australia
unverified
Community Manager, Australia
unverified
HEAD OF INVESTMENT & FINANCE
unverified
KYC/ AML EXPERT
unverified
INVESTOR RELATIONS
unverified
FRONT END DEVELOPER
unverified
FULL STACK DEVELOPER
unverified
DIGITAL MARKETING EXPERT
unverified
COMMUNITY MANAGER
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

CEO, CoinSecure
unverified
CEO, Blockfreight
unverified
Co-Founder, Centrality
unverified

6 ICOs

$46 710 924

MARKETING ADVISOR CEO & FOUNDER, INSIGHTCRYP.TO
unverified

15 ICOs

$56 062 431

LEGAL ADVISOR FOUNDING PARTNER, ACME ARDENT
unverified

6 ICOs

$67 817 257

STRATEGIC ADVISOR CEO, INFINITE ASSETS
unverified
STRATEGIC ADVISOR PRESIDENT, FINDBIOMETRICS.COM
unverified
INVESTMENT ADVISOR CEO & FOUNDER, PRIMABLOCK
unverified

Velix.ID Interviews

Manav Singhal
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am working as the CEO of Velix.ID
Velix.ID is a platform to enable frictionless identity verification across the globe. Velix.ID is catering to a $200 Billion a year target market in the identity verification space.

Last News

$
Coin Stats
Daily, %:
Weekly, %:
Monthly, %:
Market Info
Market Cap:
Volume 24h:
Circ. Supply:
0 VXD
Ticker:
VXD
ICO profit
ICO Price~$1.00
4.38
positive
5.0 13
ICO Profile Vision Activity Potential Product Team

Velix.ID Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

VELIX.ID

Velix.ID is an ecosystem designed to solve the issue of financial cost, time wastage, privacy and security concerns associated with Identity Verification Space. It introduces a devolved platform for identity verification that is beneficial to both the user and the business (using the details). The platform provides an open, secure, trustworthy and proven blockchain smart contract.

PROS

  • Privacy is guaranteed. The entire identity holder’s information is stored securely with the identity holders themselves and as such privacy is assured.
  • It saves businesses time and money. Any organization that needs a person’s verified identity has the liberty to use Velix.ID ecosystem thus saving time and money.
  • The platform provides autonomy. The user consents to the agreement individually; there are no liaisons to confirm an agreement. The execution is automatically conducted by the system, as opposed to human beings who may be biased.
  • Velix.ID utilizes Stellar Consensus Protocol (SCP) as the consensus algorithm. This algorithm gives the system decentralized control. No central authority decides whose approval is vital for consensus.
  • Ii incorporates blockchain, a powerful technology capable of processing a huge number of transactions. This in turn greatly increases reliability besides eliminating business and political risks typical of centralized systems.
  • The Team: The ecosystem enjoys the blessings of a large number of members of both genders. The members are highly qualified in various aspects if identity verification and blockchain.
  • Whitepaper: Besides the whitepaper paper being comprehensive and hence addressing every aspect of the system, it is available in more than ten languages.

CONS

  • While users who host the done are rewarded from the ecosystem PoET pool, the exact amount a person earns per minute is not given.
  • Velix.ID has no affiliate program that has been found to widen the reach of a platform with a short time after its launch.
  • The ecosystem’s tokens, called VXD tokens, are not compatible with fiat currency. This may slow down its adoption in areas where digital currency is yet to gain acceptance.

SUGGESTIONS

  • The ecosystem to determine and specify the precise amount an individual earns per minute. This will motivate potential users to spend more hosting the nodes.
  • The platform should incorporate an affiliate program to increase its adoption rate, particularly during the introductory stages.
  • The platform should make VXD tokens compatible with fiat currencies. An appropriate exchange rate should also be availed.

 

Read More
bitcoinexchangeguide.com
reviews

Velix ID is a smart verification system built on the blockchain. The team envisions a future where you can use your Velix ID to access an office building, order a pizza online, or check into a hotel. The core of the system consists of a blockchain and smart contracts.

Read More
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