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.
Whitepaper
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Ratings

Rated on Mar 27, 2018
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

Rated on Mar 27, 2018
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.

Rated on Apr 9, 2018

Rated on Apr 6, 2018
Identity Verification is very important in today’s world these guys are doing great work in the space.

Rated on Apr 11, 2018

Rated on Mar 28, 2018
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

Rated on Mar 27, 2018

Rated on Mar 30, 2018

Rated on Mar 27, 2018
Team is targeting Asia and partnered with major exchanges in asia.
good team and vision, looking for the product.

Rated on Mar 28, 2018
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.

Rated on Apr 11, 2018

Rated on Apr 8, 2018

Rated on Mar 28, 2018
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.

Rated on Mar 29, 2018
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.

Rated on Mar 29, 2018

Rated on Apr 14, 2018

Rated on Apr 2, 2018

Rated on Apr 2, 2018
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

Rated on Apr 12, 2018
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

Rated on Apr 12, 2018

Rated on Apr 7, 2018

Rated on Apr 11, 2018

Rated on Mar 28, 2018

Rated on May 8, 2018
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.

Rated on Apr 27, 2018
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.

Rated on Apr 11, 2018

Rated on Apr 30, 2018

Rated on Apr 11, 2018

Rated on Oct 5, 2018
This looks like a fantastic team. I agree with the others there is lots of room for competition in this field. Like how they are using the zSbnarks and SCP Platform. Additionally huge potential in the Asian Markets

Rated on Apr 3, 2018
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.

Rated on Apr 11, 2018
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.

Rated on Apr 11, 2018

Rated on Apr 25, 2018
Good overall team. Needs Advisors. Good luck and keep your eye on this project.

Rated on Apr 25, 2018
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.

Rated on Apr 11, 2018

Rated on Mar 30, 2018

Rated on Apr 13, 2018
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

Rated on Apr 2, 2018
Team is good; vision is fine as there are already some competitors in this market; MVP is a must for ICO success

Rated on Apr 1, 2018

Rated on Mar 29, 2018

Rated on Apr 26, 2018
+ Strong team
+ MVP
+- ID verification (many similar projects)
- Targeting on Asia and Pacific

Rated on Apr 6, 2018
Great looking team and vision. The product is certainly useful in the digital age too!
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.
Press Releases
Blog

Financial
Token info
Bonus
0.1 - 0.5 ETH — 5 % 0.5 - 1 ETH — 10 % 1 - 5 ETH — 20 % 5 - 10 ETH — 30 % 10 - 50 ETH — 40 %
Investment info
Milestones
A blockchain-based universal unique ID for each individual.
Testing the concept over Bitcoin's, Ethereum’s, Stellar’s and other available blockchains.
Architecting the idea with a hybrid blockchain of Ethereum and Stellar — validation of idea by technical advisors.
Concept launched publicly — Website, White Paper, and Public Communications, presenting the idea to potential advisors & partners.
Seed-funding raised, team expanded with Developers, Blockchain & Smart Contracts Experts, and PR, Strategy, and Marketing Professionals.
Minimal Viable Product developed and launched on play store, and Smart Contract Deployed.
Presale and Crowdsale for the VXD tokens with bonuses.
MVP & Velix.ID Blockchain beta testing & development as per feedback from industry experts and Ecosystem users.
Velix.ID App launch for PII Level 0, 1.
Functional for use-cases such as e-commerce, KYC, etc.
Users Identified: 130 Million
Expansion to 10 other Asia-Pacific Countries for PII Level 0,1.
Users Identified: 200 Million
App expanded to support PII Level 2.
Functional for use-cases such as Hotel booking and Employment Details.
Further expansion in Asia-Pacific and Western Europe.
Users Identified: 300 Million
App expanded to support PII Level 3.
Functional for use-cases such as Medical Records.
Expansion in Asia, Europe, Africa, and the Americas.
Users Identified: 500 Million