FAQ's

• What is VELIC?

  VELIC is a financial services platform powered by the ICON network. It offers a variety of financial services related to blockchain-based assets, including safe storage, trading, lending, and investment of crypto assets. Based in Singapore, VELIC has a growing user base notably in the Asia region.

  VELIC members can trade and withdraw immediately while staking. For all users, this means easy accessibility to staking participation.

• What is your teams expertise / track record?

  Our team consist of members from the financial and blockchain industry sharing a common goal; to provide reliable and convenient crypto financial services for everyone. Leveraging extensive experience in finance, our management has been working with developers and contributors to create a security focused crypto-finance platform on top of the ICON network, upon which a range of practical products and services are being built and delivered. Launched Exchange service on March 2019 Launched Crypto Loans service on June 2019 Launched Buy Crypto Credit Card with Simplex on June 2019 Launched Crypto Staking service called Staving on Aug 2019

• What is your infrastructure security setup?

  Singapore, Singapore AWS Cloud Instance type – C5.18xlarge CPU model – Intel® Xeon® Platinum 8124M CPU @ 3.00 GHz vCPU(core) – 72 RAM – 144G Disk – 1000G NVMe SSD (EBS bandwidth 9 Gbps) Network – 10 Gbps

• How do you handle governance decisions?

  In case of ICON staking, the vote will be automatically delegated to VELIC once a user applies our Staking service.