Velix.ID logo

Velix.ID

A Universal Ecosystem


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. We are trying to solve a real-world problem, and not just raise an ICO. Our primary target market are India and Australia which have over a billion identities to work with. We are aware of the other blockchain identity startups and their models as well. However, we believe that we are bringing something else entirely, in the terms of business approach, even if we are built on the same fundamental problem of identity verification. Velix.ID has a dedicated global team that includes people from strong entrepreneurial backgrounds. Our founding team members together have over 25+ years of experience in technology, entrepreneurship, innovation, and curating successful startups. Our team has members from all over the globe, including India, Australia, United Kingdom, and the United States, and includes people from strong crypto-community backgrounds. We are also supported by some of the biggest cryptocurrencies exchanges in India, veterans in the Identity Space, and the overall Blockchain community.

Big Data Business services Cryptocurrency Internet Platform Software

4.1


4.1
ICO PROFILE
3.0
TEAM
4.0
VISION
4.0
PRODUCT
Unknown
Start Date Unknown
End Date Unknown
Token VXD
Platform Ethereum
Price 1 VXD = 1 USD
Country India

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.

Team

Mohit Kalra member of Velix.ID ICO
Mohit Kalra
Julian Smith member of Velix.ID ICO
Julian Smith
Simon Noonan member of Velix.ID ICO
Simon Noonan
Mark Povey member of Velix.ID ICO
Mark Povey
Himanshu Bindal member of Velix.ID ICO
Himanshu Bindal
Manav Singhal member of Velix.ID ICO
Manav Singhal
CEO & Co-founder
Balwant Singh member of Velix.ID ICO
Balwant Singh
CTO & Co-Founder
Neer Varshney member of Velix.ID ICO
Neer Varshney
Head of Communications & Outreach
Shivam Mehan member of Velix.ID ICO
Shivam Mehan
Community Head, Global
Guangling Yang member of Velix.ID ICO
Guangling Yang
Blockchain Developer
Mike Cunningham member of Velix.ID ICO
Mike Cunningham
Community Head, Australia
Aajay Cunningham member of Velix.ID ICO
Aajay Cunningham
Community Manager, Australia
Pulkit Rawal member of Velix.ID ICO
Pulkit Rawal
Bounty Manager
Abhinav Gulyani member of Velix.ID ICO
Abhinav Gulyani
Launch Strategist

Milestones

  • 1

    June 2016

    Conception of the idea of a Unique ID solution

  • 2

    December 2016

    Testing the idea on a centralized platform

  • 3

    March 2017

    Mooting Blockchain-based trustless Ecosystem

  • 4

    September 2017

    Velix.ID Implementation
    Pre-Seed Funding

  • 5

    December 2017

    Development of the Project

  • 6

    January 2018

    Private Sale
    Pre-Sale
    MVP Launch

  • 7

    February 2018

    Crowdsale

  • 8

    March 2018

    Unlocking the tokens from the Smart Contract

  • 9

    April 2018

    Blockchain Beta Preview
    Launch of Early-Reward Program

  • 10

    October 2018

    Product Public Launch (Global)
    e-KYC beta launch (India & Australia)

  • 11

    January 2019

    eKYC Public Launch
    ‘Advanced PII’ Level Beta Launch (India & Australia)

  • 12

    May 2019

    ‘Advanced PII’ Level Public Launch

  • 13

    June 2019

    Operations Expansion in 10 more Asian Countries

  • 14

    September 2019

    ‘Beyond PII’ Level Beta Launch

  • 15

    January 2020

    ‘Beyond PII’ Level Public Launch

  • 16

    June 2020

    Global Operations Expansion

Financial

Token Info
Token VXD
Token Type ERC20
Platform Ethereum
Price in ICO 1 VXD = 1 USD
Tokens for Sale 50000000
Investment info
Accepting ETH
Soft cap 2,500,000 USD
Hard cap 25,000,000 USD

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