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Velix.ID Identity Verification Over Blockchain

Premium Account 4.2 4.5 ICO PROFILE 3.9 TEAM 4.0 VISION 4.2 PRODUCT
As the contemporary methods of identity verification take too long to process, incur a massive financial loss for both businesses and consumers, and often compromise the personal information of the consumers — Velix.ID is decentralizing the process using smart contracts, zero-knowledge proofs (zSNARKs), and stellar consensus protocol (SCP) to build an ecosystem that is Universal, Obscure, Transparent, Decentralized, Time-Efficient, and Cost-Efficient. Velix.ID Ecosystem has its own native VXD utility tokens which will be used to transact identity verification between the stakeholders in the ecosystem. The initial target markets are India & Australia with over 1.3 Billion identities, to be followed with operations launch in Asia-Pacific and UK. The Velix.ID team and advisors come with extensive experience in the cryptocurrency industry with a varied background including from Cointelegraph, BnkToTheFuture, KickICO, PundiX, Propy, Trade.io, Covesting, Crypterium, and The Next Web.
Token:
VXD
Price:
1 VXD = 1 USD
Hard cap:
34,000,000 USD
Soft cap:
2,500,000 USD
Platform:
Ethereum
Accepting:
BTC, ETH, LTC, XRP
Country:
Singapore

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.

 

Team

Manav Singhal

CEO & Co-founder

Balwant Singh

CTO & Co-Founder

Neer Varshney

Head of Communications & Outreach

Shivam Mehan

Head Of Operations

Guangling Yang

Blockchain Developer

Mike Cunningham

Community Head, Australia

Aajay C.

Community Manager, Australia

Vaishali Verma

PR MANAGER

Sumeer Pai

KYC/ AML EXPERT

Priyanka Pandey

DIGITAL MARKETING

Utsav Shaw

INVESTOR RELATIONS

Piyush Goel

FRONT END DEVELOPER

Aquil Sultan

GRAPHICS

Udit Gupta

INFOSEC

Madhav Bhatt

COMMUNITY MANAGER

Advisors

Mohit Kalra

STRATEGIC ADVISOR

Simon Noonan

TECHNICAL ADVISOR

Tony Simonovsky

MARKETING ADVISOR

Manan Mehta

STRATEGIC ADVISOR

Prof Simon Choi

LEGAL ADVISOR

Peter O'Neill

STRATEGIC ADVISOR

Road map

1

JUNE 2016 — CONCEPTUALIZATION

A blockchain-based universal unique ID for each individual.

2

JUNE 2016 - MARCH 2017 — RESEARCH & DEVELOPMENT

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

3

APRIL 2016 - NOVEMBER 2017 — VALIDATION

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

4

DECEMBER 2017 — PUBLIC LAUNCH

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

5

NOVEMBER 2017 - MARCH 2018 — TEAM EXPANSION

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

6

JANUARY 2018 — MVP & SMART CONTRACT

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

7

APRIL 2018 — TOKEN SALE

Presale and Crowdsale for the VXD tokens with bonuses

8

MAY 2018- OCTOBER 2018 — MVP BETA TESTING

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

9

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

10

JANUARY 2019- DECEMBER 2019 — OPERATIONS EXPANSION I

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

11

OCTOBER 2019 — PRODUCT UPGRADE I

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

12

JANUARY 2020-JUNE 2021 — OPERATIONS EXPANSION II

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

13

MAY 2020 — PRODUCT UPGRADE II

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

14

JULY 2021-DECEMBER 2022 — OPERATIONS EXPANSION III

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

Financial

Token info

Token
DMarket
Platform
Ethereum
Type
ERC20
Token price
750 DMarket = 1 ETH

Investment info

Min. investment
0.1 ETH
Accepting
ETH, BTC, LTC
Raised
$10,929,925
485.00000000 BTC
26,935.00000000 ETH

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