Startup Archive

A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID

Bitcoin Press Release: RegTech Startup Velix.ID are building a blockchain platform to ease the processes of identity verification and sharing across business and consumer markets globally.

January 15th 2018, Singapore, Malaysia – In the fast-moving 21st century with a 7 billion strong population — accessing any consumer service requires identity information — signing up on websites, ecommerce checkouts, accessing private properties, buying bitcoins, or gettings loans! However, this incautious sharing of Identity bring many problems for both the consumers and the businesses.

The Problems with Identity Verification

Identity Fraud: As per the data compiled and fact checked from Forbes, BBC, Mashable, CNBC and the Telegraph, the world is losing  up to $200 Billion in Identity Fraud every year, and more than 4 Billion data records were stolen globally in 2016 alone.

Data Breaches: When the data is stored in central databases with authorities or businesses, it is susceptible to mass data breaches. It is not just random websites on the internet that are compromising people’s data, even some of the world’s major brands have suffered mass data breaches. The list includes popular names such as Uber, Yahoo, Adobe, Sony, JP Morgan, eBay, Zomato; the government databases are no exceptions either. In India particularly, Aadhar has suffered multiple massive data breaches, compromising the most sensitive personal data of millions of Indian citizens. Other key government enterprises including DRDO, ISRO, RBI, EPFO, SBI, BSNL, and several others have faced data breaches as well.

Time & Cost Inefficiency: Current Methods of Identity Verification are too slow and inefficient for both consumers and businesses — taking the cost of verifying identities to near $100 billion a year. The laws relating to Cryptocurrencies in India are so stringent, that the Exchanges have to spend millions of dollars performing KYCs, which inconveniences the consumers by having to wait for multiple days before they can actually start trading. At new

The Velix.ID Solution

Decentralization: Storing the data in a centralized database makes the identity information susceptible to mass data breaches or misuse in the hands of the concerned authority (such as selling your information to advertisers without your explicit consent). Blockchain  Technology allows for this information to be stored on a public ledger in an anonymous manner with no authority having singular control over this information.

Easy Transaction: A unique easy-to-remember 8-digits alphanumeric  ID that can be shared globally with anyone to allow seamless sharing of identity information in a secured manner without requiring to repetitively provide the same information over and over again.

Mandatory User Consent:  The identity holder should always be in charge of how and where their identity information gets shared. Any transaction of Identity cannot occur between two parties without the explicit consent of the Identity Holder.

A Platform that doesn’t require Trust: The blockchain & zero-knowledge proofs technology that Velix.ID utilizes ensures that it doesn’t have any information stored about the user with it, and the identity information is transacted directly to the identity information requester, without any intermediary control. This means that the platform works even without trust.

Improved Customer Experience: Users can access services easily and instantly without repeatedly requiring to sign-up or entering identity information.

Time & Cost Conservation: The cost for new customer acquisition and identity verification comes down since the same processes do not have to be repeated over and over again. The time spent in performing multiple signups, gathering and verifying identity information also reduces significantly.

Identity verification has been one of the biggest concerns in the last decade globally because of the costs and risks involved in the process. I started exploring the identity space in 2015 when i discovered that my email ID got hacked in a mass data breach” Said Manav Singhal, CEO at Velix.ID.

“The idea behind Velix.ID has always been to make it safer and more efficient to share & verify identities across the consumer markets. As a consumer, I shouldn’t have to wait for days for the business to verify my identity before I can start accessing their services; it is a loss-loss situation for both businesses and their customers

Velix.ID Token Sale

  • Pre-Sale Phase 1: 1 VXD = 0.6 USD, starts: 27 Jan 2018, discount: 40%
  • Pre-Sale Phase 2: 1 VXD = 0.7 USD, starts: 3 February 2018, discount: 30%
  • Crowdsale Phase 1: 1 VXD: 0.8 USD, starts: 10 February 2018, discount: 20%
  • Crowdsale Phase 2: 1 VXD: 0.85 USD, starts: 18 February 2018, discount: 15%
  • Crowdsale Phase 3: 1 VXD: 0.9 USD, starts: 26 February 2018, discount: 10%

Visit the Velix Website: https://www.velix.id/
Check out the Whitepaper: https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf
Connect on Telegram: https://t.me/velixID
Follow on Twitter: https://twitter.com/VelixId
Check out the Blog: https://blog.velix.id
Read the BitcoinTalk Thread: https://bitcointalk.org/index.php?topic=2721724

Media Contact
Contact Name: Neer Varshney,
Contact Position: Head of Communications & Outreach,
Contact Email: neer@velix.id

Velix.ID is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

About Bitcoin PR Buzz -Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

The post A Blockchain RegTech Solution to the World’s $200 Billion a year Identity Verification Crisis: Introducing Velix.ID appeared first on Bitcoin PR Buzz.

Source: BPRB Feed

Next-Generation Crypto Trading Platform Gimmer Announces Token Sale

Bitcoin Press Release: Gimmer (GMR), the innovative automated cryptocurrency trading platform, has announced its token sale, which will be held between February 1 until February 28, 2018. There is a soft cap of 4,800 ETH and hard cap of 35,000 ETH. Further information can be found at https://token.gimmer.net/

29th December, London, UK – Gimmer launched an Alpha version of the platform early in 2017 and has developed a range of special features for everyone, from experienced traders to complete beginners, making Gimmer uniquely positioned to launch automated cryptocurrency trading into the mass market.

Gimmer – An Overview:

  • Unique automated crypto trading platform for novices and experts using Ethereum blockchain technology
  • Expert traders can build and rent out trading strategies to other user
  • AI trading bots available for beginners
  • Live Alpha version with 800+ active users
  • Trading bots powered by Gimmer tokens take emotions out of trading
  • Gimmer trades directly via the user’s exchange, no currency is held on site

 

How will Gimmer change the crypto trading world?

Gimmer’s platform will open up the world of automated crypto trading to a whole new sector of traders. Experienced traders will be able to build trading strategies and rent them out via Gimmer’s bot store, providing them with a passive income. This will appeal to traders familiar with cryptos but will also bring in experienced traders from outside the crypto sector who will see an opportunity to apply their skills to a new market.

Novices don’t need to spend days learning the subtleties of each cryptocurrency, they can simply rent a bot with a pre-programmed trading strategy built by another trader or pick one built by the Gimmer team, some of which will utilise AI technology. These bots will make it easy for the mass market to become involved in automated crypto trading – all they need is an account with an authorised exchange.

Currently, only a few platforms offer automated trading but they also require expert programming skills and knowledge of the cryptocurrency market, only providing solutions for a small group of experienced cryptocurrency traders. Gimmer will revolutionise the market, using AI and trading bots that have the capability to create and test different strategies and will recommend, based on the user’s risk profile, the best most profitable trading bot strategy. This will also take the emotion out of trading.

What is the Development Plan?

The roadmap is transparent and clearly outlines to investors exactly what aspects of the platform the funds raised from the token sale are being used to develop and when they will be launched. View the roadmap at https://token.gimmer.net/#roadmap

This will include decentralising Gimmer and releasing it as a DAPP so that it is cheaper and faster to use and gives users the ability to run multiple bots at the same time. The team will also create the automated arbitrage and automated lending bots and a mobile app in 2018. The development team is experienced in fintech, private equity and trading and come from sectors across the globe, bringing international cross-industry expertise to the Gimmer project.

“There are no other crypto trading websites in existence that can do the things Gimmer can do. It is unique because it’s not only an automated platform, it also enables the development of advanced market prediction rules running as a decentralised app on one simple platform with many features to earn money potentially for every type of crypto trader. Philipe Comini, Co-founder and CEO of Gimmer said.

“The current crypto market consists of over 1,300 different digital currencies, a combined market cap of over $600 billion and a 24-hour trading volume exceeding $27 billion. An estimated 26m people trade crypto currencies worldwide and Gimmer intends to be the first choice for many of those traders yet, when compared to the wider investment world, the potential for Gimmer is much greater. In the US alone an estimated 80m people invest in mutual funds and over $5 trillion is traded on the forex markets each day. There is huge demand for a crypto platform that can make crypto trading accessible, simple and profitable. Gimmer is bringing the world of cryptocurrencies to the mass market.”

Gimmer Token Sale

  • Public Token Sale February 1st – 28th – Pre-sale starts January 17th
  • Maximum supply of 110m ERC20-compliant Gimmer tokens
  • Pre-sale investor bonus up to 40% – Public Token sale bonus up to 20%
  • Token will be tradeable on authorised exchanges
  • Funds raised to be used for product development, ops and marketing
  • Soft cap 4,800 ETH – Hard cap 35,000 ETH

To view the Gimmer Site: https://gimmer.net/
Participate in the Gimmer Token Sale: https://token.gimmer.net/
See the Gimmer Whitepaper: https://token.gimmer.net/#whitepaper
Gimmer’s Telegram: https://t.me/gimmertoken

Media Contact:

Contact Name: Matthew Morris
Contact Email: matthew@carrcandc.co.uk
Contact Telephone: +447717 420693

Gimmer is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

About Bitcoin PR Buzz – Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

The post Next-Generation Crypto Trading Platform Gimmer Announces Token Sale appeared first on Bitcoin PR Buzz.

Source: BPRB Feed