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The Veil Project was conceived in early 2018 by James Burden, a recognized industry expert in crypto-privacy and holding a track record of founding and leading successful cryptocurrency projects like PIVX. The motivation for the project was recognition of the need for a currency that provided full-time privacy without compromising strength of anonymity.
With seed funding in excess of one million USD, a team of leading blockchain developers, including the well-respected Presstab, user experience experts and operations personnel was formed. Development started in August 2018, with the project's mainnet launch scheduled for Jan 1, 2019.
A fundamental aspect of the project is the self-funding mechanism encoded into the network, providing funding for ongoing operations, marketing, partnerships, bounties and other activities underlying successful initiatives, as well as the formation of a decided entity, Veil Labs, charged with continued research and development in the areas of cryptography and blockchain development.
Veil Labs has already attracted interest from some of the leading academic institutions in the world, and will help ensure that the Veil Project remains at the forefront of crypto privacy.
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