Velic Platform : Comprehensive solution for cryptocurrency assets
As we know right now blockhain is most important to use for financial cryptocurrency. blockhain process any transaction use accurate data its more quickly to make an a transaction. But to capitalize that's need to build more infrastructure to create and operate global true network using this transformative technology.
Velic will be create a platform to operate global true network using enable cryptocurrency based banking actvities to center around the Velic platform. the velic platform support vault, exchange, loan, and investment. The investment more easier because use a smart contract.
Velic project aimed to solve the problem of current finance srvice with centralized cryptocurrency financial service. build sistem that connect depositors and borrowers to provide reliable banking solutins and investmen platform on Velic platform. and Velic capitalizing and built crypto assets industry development bay launching a suite of instituional services a top security, tokenized a platform that adresses many of the concersn of investors its make more security, save and easier to use.
Velic loan product enable many various cryptocurrency assets collateral. this will be limit oportunity cost for users who seek balance between leveraging crypto investments and fiat commitments.
Velic have some feature to give users one online source where they can handle all their banking needs, from financing, to investing to trading, and storing crypto-assets.
1) Loan Application Process
-Apply for VELIC loan
-Enter loan terms
-Read provisional agreement to finalize application process
-Transfer collateralized assets to VELIC Loan
-Receive loan into the user’s VELIC account
2) Additional Collateral Setup Process
-Margin Call
-24 hour window to add collateral to VELIC account
-Apply for additional collateral through VELIC Loan page
-Complete collateral addition process
Velic will be create a platform to operate global true network using enable cryptocurrency based banking actvities to center around the Velic platform. the velic platform support vault, exchange, loan, and investment. The investment more easier because use a smart contract.
Velic project aimed to solve the problem of current finance srvice with centralized cryptocurrency financial service. build sistem that connect depositors and borrowers to provide reliable banking solutins and investmen platform on Velic platform. and Velic capitalizing and built crypto assets industry development bay launching a suite of instituional services a top security, tokenized a platform that adresses many of the concersn of investors its make more security, save and easier to use.
Velic loan product enable many various cryptocurrency assets collateral. this will be limit oportunity cost for users who seek balance between leveraging crypto investments and fiat commitments.
Velic have some feature to give users one online source where they can handle all their banking needs, from financing, to investing to trading, and storing crypto-assets.
1) Loan Application Process
-Apply for VELIC loan
-Enter loan terms
-Read provisional agreement to finalize application process
-Transfer collateralized assets to VELIC Loan
-Receive loan into the user’s VELIC account
-Margin Call
-24 hour window to add collateral to VELIC account
-Apply for additional collateral through VELIC Loan page
-Complete collateral addition process
1) Cryptocurrency loan ratio
The loan to value (LTV) ratio for collateralized cryptocurrencies will be determined
according to the factors
-price volality
-exchange listing
-project evaluation
- liquidity
2) Collectival crypto asset
a.Single crypto asset
When only a single type of cryptocurrency is used as a collateral o ering asset,
the maximum loan amount is calculated according to the asset valuation of
the cryptocurrency at the time of the loan application.
b.Multi crypto assets (to be available at a future date)
When a user provides a combination of cryptocurrencies as collateral, the risk
of liquidation may be reduced due to collective impact of volatility. The
combination of currencies for collateral may a ect interest rates and term and
conditions.
3) Credit Score
At launch,
loans will be purely collateral based (i.e., no credit rating model).
However, in the future, additional information such as the user membership level,
transaction details, platform account balance, and other external factors such as
credit score ratings based on machine learning and other technologies may be
used to provide lenders with increased benefits such as lower interest rates and
more favorable initial LTV ratio.
Vision and Purpose
The VELIC platform provides a comprehensive solution (capable of receiving well) for crypto assets that provide the best quality crypto related services under one integrated user account.
-man in saving access to crypto assets. Including major loss prevention and solutions for asset transfers if an unwanted event occurs.
-Providing the best crypto trading and environment experience by hosting a safe and transparent crypto-to-crypto trading service.
-Borrow or loan crypto assets at preferential prices
-All of these services will be based on crypto assets.
The VELIC platform seeks to enforce full transparency and aims to disclose all relevant information to users in a timely manner, to build ecosystem trust and growth. They are committed to ensuring the quality of information provided about the VELIC Platform, and that the service will use the latest blockchain technology to achieve the goal.
More complete can be seen at VELIC Whitepaper
for more information:
bitcointalk username: gerobakcrypto
bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2083077;sa=summary
email: chuckguy555@gmail.com
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