Velix.ID initial coin offering (ICO)

Identity Verification Over Blockchain



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.

4.4
48 48 expert ratings
3.8
4.3
4.4
4.1
View rating distribution
Starts in 1 year ago
2018-04-17 - 2018-05-15
Token
VXD
Type
ERC20
Bonus
Available
Price in ICO
1 VXD = 1 USD
Platform
Accepting
Soft cap
2,500,000 USD
Hard cap
23,800,000 USD
Raised
2500000
preICO start
Jan 27, 2018
preICO end
Jan 17, 2018
ICO start
Apr 17, 2018
ICO end
May 15, 2018
More on ICO
Report

About Velix.ID ICO

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.

Velix.ID reviews

Steve Mann
Blockchain Developer
Rated on Jan 26, 2018
3
4
4
2%

A good vision. A solution to a real world problem.

Andrey Zolin
ICO Advisor | CTO | Smart contract RD
Rated on Apr 11, 2018
5
4
4
1%
Ivan Khodeev
Risk management specialist
Rated on Apr 26, 2018
5
4
4
1%

+ Strong team
+ MVP
+- ID verification (many similar projects)
- Targeting on Asia and Pacific

Michael Williamson
Blockchain Consultant, MBA, LSSGB, Former USA Financial Advisor, Insurance Agent
Rated on Apr 26, 2018
5
4
4
3%

Needs more advisors. Not an easy product to deliver, but interesting project.


*Please see my profile for disclosures.

Stefan Jovanovic
Full-stack Engineer
Rated on Apr 11, 2018
5
5
5
2%

Very good and promising project with strong team in background.

VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on Mar 29, 2018
3
3
3
1%
Paul Scott
STO-ITO-ICO Advisory | Strategy | Decentralization | Commercialization
Rated on Mar 29, 2018
3
4
4
3%

I was asked to rate this project by a team member.

The team is fundamentally sound, with a good cross-section of skills. Of concern is the overall lack of deep Blockchain experience and some of the key team members don’t have the project on their LinkedIn profiles so it’s tough to gauge commitment. No KYC as yet.

The vision is sound and I like the proposed target markets. There is competition in this space and early adopters will gain the most benefit. Focussing in areas away from competition is a good idea.

The Whitepaper refers to an MVP that can be downloaded which is good. The technological concept is pretty well understood so I don’t think roll-out will be a huge issue.

Customer acquisition will be key. Would lole to see a few more commercial minds engaged.

George Han
ICO Advisor
Rated on Mar 30, 2018
4
4
4
1%
Francesco Redaelli
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member
Rated on Mar 28, 2018
5
4
4
3%

Full team and possibilty to increase more valuable advisors. The vision is quite interestig specially in front of the history moment. Let's see if the product will interesting too.

Gabriela Haze
Gabriela Hazboun
Rated on Apr 3, 2018
4
5
5
2%

Identity projects are becoming quite popular recently.

Yet, to the best of my knowledge, no other project tackles the Indian and Australian market, which is good news for VelixID.

However, this field is getting crowded quickly so it is up to the team to craft a way to differentiate their project among other identity verification solutions.

Farabi Shayor
Marketing Professional | VR Research Lead | Cryptocurrency Specialist
Rated on Apr 11, 2018
4
5
4
1%
Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Mar 27, 2018
4
5
4
3%

Great team ... Need some advisor on PR social media department and marketing who can help team with strategies ....
Overall vision is also good ...... and I will suggest this ICO for good investment..... Best of luck team

Vladimir Nikitin
ADVISOR | CONSULTANT | EXCHANGES Listing
Rated on Apr 7, 2018
5
4
4
4%

No KYC, need more advisors
Interesting idea
Must see MVP

Purushotham Maralappa
ICO Adviser |Blockchain Community Manager | Business Analyst
Rated on Mar 27, 2018
5
5
4
3%

Team is targeting Asia and partnered with major exchanges in asia.
good team and vision, looking for the product.

Rick Tapia
Blockchain Advisor and Consultant
Rated on Mar 27, 2018
4
4
4
1%
Jared Polites
Partner at Blockteam Ventures | Strategic Advisor | Writer at CryptoCoinsNews | Former FBI Analyst
Rated on Mar 27, 2018
5
5
5
1%
Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Mar 27, 2018
5
5
4
4%

There is no careful comparison with competitors, this suggests that the differences from current products are not so large, for example, compared with KYC on crypto-exchanges or KYC at ICOBench. But in any case, such products are very necessary. The more such products, the better the user will receive the solution.

Bogdan Fiedur
ICO and Blockchain Advisor. Full Stack and Ethereum/Solidity smart contract developer.
Rated on Mar 28, 2018
5
4
4
2%

Strong team and leader familiar with and visible in blockchain space.

There are similar projects in works so it will be not easy to stand out.

Reasonable promotional effect can be noticed.

Your link to bitcointalk doesn't lead to your announcement thread.

I liked your activity on Medium.

Ilya Orlov
CEO and co-founder of TravelChain | Visionary | Blockchain enthusiast and investor
Rated on Mar 28, 2018
4
5
3
2%

Get the MVP done, the rest is fine

Paul Mears
ICO investor, cryto trader
Rated on Mar 28, 2018
5
5
4
3%

Like the team and product, this is quite competitive but space for a lot of players. I dont think that the early players liek CIVIC have actually achieved much and first mover advantage of guys like that has not been taken utilsed due to poor product
These guys could do well as well with a Asia focus

Bobby (Borislav) Iliev
ICO Expert & Advisor | Business Development Consultant | Marketing Strategist
Rated on Mar 29, 2018
5
5
3
1%
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Mar 30, 2018
5
5
4
1%
Fanjiang Zeng
Cryptocurrency Speciallist, ICO Advisor & Angel Investor
Rated on Apr 2, 2018
4
4
3
2%

Team is good; vision is fine as there are already some competitors in this market; MVP is a must for ICO success

Alex Chang (Chia Ming)
CEO of TimeBox | Serial Entrepreneur | Expert of Blockchain, Gaming, ICT Industry In Greater China and Northeast Asia
Rated on Apr 1, 2018
4
4
4
2%

Good idea, MVP should be easy deployed.

Michele Zilocchi
Engineer, Business Developer and Crypto Expert
Rated on Apr 2, 2018
3
4
5
2%

A great product that definitely matches contemporary requirements. KYC is currently too much expensive and the decentralization through Stella BC is potentially a great innovation.
The team does not show impressive success records neither in the Blockchain industry nor in the JYC
I think that this may be a great opportunity if the team will aim high, but without missing some steps

Artem Kharchenko
Advisor, IT entrepreneur, information security expert.
Rated on Apr 2, 2018
3
5
4
2%

Ambiguous team (blockchain experience), great idea, interesting to see the MVP.

Josh Graham
CEO of ehab.co
Rated on Apr 6, 2018
5
5
4
1%

Great looking team and vision. The product is certainly useful in the digital age too!

Abishek Mittal
ICO Advisor | ICO Consulting | Project Review |MBA Finance and Strategy |9+ Years of Corporate Experience | Crypto Trading and Investing
Rated on May 8, 2018
4
4
4
2%

Team and vision are good. However, lot many similar projects already existing in this space like Civic, DID, SelfKey and which are trying to address almost similar problem. Tokenomics are bit dicey as the lock-in period or vesting period for team share is quite short.

James Sowers
Ico adviser
Rated on Apr 6, 2018
5
5
5
3%

Identity Verification is very important in today’s world these guys are doing great work in the space.

Steven Deurloo
Investor - Advisor
Rated on Apr 7, 2018
4
3
3
1%
Irina Nikitina
Lawyer
Rated on Apr 8, 2018
4
4
4
1%
Rick Kennerknecht
Crypto Exchange Listing Consultant
Rated on Apr 11, 2018
1
5
4
2%

I have reduced the Team rating when the PR Manager, Vaishali Verma, asked me to upgrade the rating to a 5-5-5 for no apparent reason other than just to have a better score. I think this unethical and unacceptable. Beware!

The rating stated above are of my own opinion and is not financial advice. I am not a financial advisor, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. These ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Nikolay Shkilev
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Apr 11, 2018
4
5
4
2%
Vladan Podjanin
Co-Founder at CryptoAngel | Blockchain and Cryptocurrency enthusiast
Rated on Apr 12, 2018
5
5
5
1%
Karnika Yashwant
ICO Marketing Expert | Launch Strategist | Global Branding and Fundraising Master
Rated on Apr 9, 2018
5
4
4
2%
Anuj Khanna
CEO, Peak State, Venture Capital, Private Equity, Fundraising, Mergers and Aquisitions
Rated on Apr 11, 2018
4
4
4
1%
Goldman Armando
Competitive Intelligence, Trader, Futurist
Rated on Apr 11, 2018
5
5
5
1%
Giannis Stathopoulos
Business Development and Operations
Rated on Apr 11, 2018
5
4
4
1%
Pavlos Tzegiannakis
Co-Founder of CORE, ICO advisor, Passionate Investor
Rated on Apr 11, 2018
5
5
5
1%
Shaf Madina Zaman
Founder - Crypto Society, ICO Advisor, Marketing Consultant, DayTrader, BlockChain Enthusiast,
Rated on Apr 11, 2018
5
5
4
3%

This product is needed in the world

Warren Whitlock
Blockchain Influencer advising top companies
Rated on Apr 12, 2018
4
5
5
3%

There are many working in this space though I've not seen any who explain it better and suggest such an easy to understand product for the masses

Bonnie Normile
Business Development Manager
Rated on Apr 25, 2018
4
4
5
3%

Good overall team. Needs Advisors. Good luck and keep your eye on this project.

Arthur Zubkoff
FinTech & Marketing Consultant
Rated on Apr 13, 2018
3
3
4
2%

Pros:
+- ID verification on blockchain, good cause but not new
+- Good team but lacks international blockchain experts; existing partners
+ Ready MVP, use cases, and comprehensive documentation and media coverage

Cons:
- Current main target is Asia-Pacific
-+ Limited platform usage and customer acquisition is the key
- Lots of similar competitors

Arturas Svirskis
ICO Advisor | Helping Fintech companies with marketing and business development
Rated on Apr 14, 2018
5
5
4
1%
Alick Mighall
Investor in financial markets & business owner
Rated on Apr 25, 2018
4
4
3
2%

I like the vision, but this is a crowded space and identity verification is hard.

On the face of it, the team have some good credentials.

Faiz Ahmed Faiz
Chief Strategist @ CoinPromoter, Owner of CoinCritique, Advisor to Skraps, EARTH Token & ERN Token
Rated on Apr 27, 2018
2
3
2
2%

They mentioned Covesting, I worked for Covesting as well, did not find any name I could recognise.

Team: As usual, the team is weak. Really, it takes a lot to convince me of a team. In the team, 6-8 are only meant to help the community and digital presence. No legal person the core team, which is a great concern because we all know what advisors are and how legally entangled this project is.

Vision: I have heard similar concepts before. Nothing unique.

Product: India is a target market and I know how much my data has been abused in India. I am pretty sure I dont want to trust a third party with my data after the adhar debacle.

Anurag Rathore
Ico Advisor
Rated on Apr 30, 2018
4
4
4
1%
PlumBot
ICO Analyzer Bot
Rated on Sep 27, 2018
0
0
0
9%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Velix.ID ICO price

Price in ICO

1 VXD = 1 USD

Velix.ID (VXD) crypto

Velix.ID coin

Velix.ID token
VXD
Velix.ID type
ERC20
Velix.ID platform

Velix.ID (VXD) value

Tokens for sale
35000000

Velix.ID market cap

Velix.ID market capitalization
$ 2500000

Velix.ID investment info

Accepting
Min. investment
0.1 ETH
Soft cap
2,500,000 USD
Hard cap
23,800,000 USD

Velix.ID whitepaper

Velix.ID team

Apply as an advisor

Mohit Kalra

STRATEGIC ADVISOR (CEO, CoinSecure)

Advisors

Simon Noonan

TECHNICAL ADVISOR (CIO, Sportsbet)

Advisors

Tony Simonovsky

MARKETING ADVISOR

Advisors

Velix.ID milestones

1
APRIL 2016 - NOVEMBER 2017 — VALIDATION

WePower idea

2
APRIL 2018 — TOKEN SALE

WePower idea

3
DECEMBER 2017 — PUBLIC LAUNCH

WePower idea

4
JANUARY 2018 — MVP & SMART CONTRACT

WePower idea

5
JANUARY 2019- DECEMBER 2019 — OPERATIONS EXPANSION I

WePower idea

6
JANUARY 2020-JUNE 2021 — OPERATIONS EXPANSION II

WePower idea

7
JULY 2021-DECEMBER 2022 — OPERATIONS EXPANSION III

WePower idea

8
JUNE 2016 - MARCH 2017 — RESEARCH & DEVELOPMENT

WePower idea

9
JUNE 2016 — CONCEPTUALIZATION

WePower idea

10
MAY 2018- OCTOBER 2018 — MVP BETA TESTING

WePower idea

11
MAY 2020 — PRODUCT UPGRADE II

WePower idea

12
NOVEMBER 2017 - MARCH 2018 — TEAM EXPANSION

WePower idea

13
NOVEMBER 2018 — PRODUCT PUBLIC LAUNCH

WePower idea

14
OCTOBER 2019 — PRODUCT UPGRADE I

WePower idea

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