**Are You in Control of Your Information?**
User verification is a tedious process for the consumer. In cases like signing up for a website, one needs to fulfil their name, date of birth, e-mail id etc., prove that they are not a robot and then verify their email address by using the code or link sent to their inbox. Not to forget that every time personal details like email and phone number are shared, they get added to yet another centralized pile of information which is vulnerable to compromise due to its single point of failure.
**High Business Expenditures**
Businesses on the other hand have no alternative but to undertake these repetitive and insecure verification methods and spend billions in USD. Even after squandering large sums, processes like verification and background check of job applicants are not foolproof; businesses have to depend on third parties and a lack of transparency provides an orifice to defaulters.
**The Solution**
Velix.ID will optimize the blockchain and transform the long and tiring process of user verification into an instantaneous phenomenon and simultaneously make it more secure than ever. Businesses will save money and resources while overcoming the shortcomings of the current centralized and opaque system.
**How it will Work**
The users will sign up on the Velix.ID platform and get an eight digit alpha numeric code, something like A3218749, which will be their Velix ID. An important feature of the platform is that the user-details will always be on the devices or gadgets of the users themselves and never with Velix.ID. This will eliminate the possibility of compromise of information in case of a system breach. Now every time a user needs to complete verification at any online or offline service, all they will need to do is provide their unique eight digit Velix ID; the verification seeker will use the ID on the Velix.ID app and once the user authorizes the request for information, the verification will be done instantly. On top of that, users will be rewarded a small fraction of VLX tokens every time they give consent to share their information. In real time, it is as simple as this:
- Provide your Velix ID.
- Confirm authorization.
- The verification is done and you are rewarded!
**Use Cases**
Velix.ID platform will operate on the Ethereum blockchain using ERC-20 compatible VLX tokens. There are endless use cases of Velix.ID. It will bring an end to the cumbersome process of filling long forms for hiring internet services at home or office. Verification of job applicants will be smoother than ever. Employee history in previous organizations and references will be instantly verifiable as the new company will be able to request information from the previous company through the Velix.ID app. It will save considerable money and efforts that organizations have to put in verifying applicant history. Every exchange of information will take place not only by taking consent but also by incentivizing the user. Velix.ID puts the user in complete control of their personal information while making the process of verification smoother, safer and more secure than ever!
**The Ongoing Token Sale!**
The crowdsale is running with exciting offers. Starting from a five percent bonus on investments of 0.1 to 0.5 ETH, bonuses up to thirty percent can be earned by investors. A total of one hundred million VLX tokens will be minted and thirty five million made available during the crowdsale. If the hard cap of 23.8 million USD is not reached, all unsold tokens will be burned.
**The Team**
The experienced CEO and co-founder Manav Singhal does not only hold more than thirteen years under his belt in sectors like e-commerce, insurance and marketing, but is also an Executive Board Member at Blockchain Foundation of India. The CTO and co-founder Balwant Singh has spent over a decade working on mobile development and cloud platforms, and is currently working on Ripple and the blockchain at National Australia Bank. The Advisory board consists of proven names like serial entrepreneur Tony Simonovsky and professor Simon Choi who is an international lawyer and a legal ally to Velix.ID. The team is well structured, appropriate in its number and versatile: just the combination that is needed to propel an ingenious project towards becoming a profitable venture.
Velix.ID is a platform with endless use cases in daily life like checking-in at hotels instantly, entering into building that require filling forms and addresses, providing details to hire a service provider and lots and lots more. The time and money lost in these processes along with the lack of safety calls for a solution. Velix.ID could not have arrived at a better time to make the times better than ever!
**Website** - [https://www.velix.id/](https://www.velix.id/)
**Whitepaper** - [https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf](https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf)
**ANN** - [https://bitcointalk.org/index.php?topic=2721724.msg27846809#msg27846809](https://bitcointalk.org/index.php?topic=2721724.msg27846809#msg27846809)
**Telegram** - [https://t.me/joinchat/EepaREQgVnyEBTlOmgwdbw](https://t.me/joinchat/EepaREQgVnyEBTlOmgwdbw)
**Published by** - coineaglebt
**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1936073](https://bitcointalk.org/index.php?action=profile;u=1936073)
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