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Milestones Velix.ID

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.

4.2
47 46 expert ratings
Benchy 3.5
KYC
Experts
4.3
4.4
4.0
Review: coming soon PRO
~$2,500,000
value of tokens sold in ICO
Ended
Token
VXD
Type
Price in ICO
1.0000 USD
Country
Whitelist/KYC
Whitelist
Restricted areas
Singapore
preICO start
27th Jan 2018
preICO end
17th Jan 2018
ICO start
17th Apr 2018
ICO end
15th May 2018
Visit ICO website
Report
Changelly

Milestones

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

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ICO KYC Report
2 members invited
Manav Singhal
Passed
Balwant Singh
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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