VELO reduces the difference between traditional and decentralized finance
📅 April 5, 2024
VELO is changing our way of thinking about blockchain technology by creating a revolutionary platform that merges the web2 and web3 in a compliance-friendly manner. The mission of VELO is to reduce the shortcomings of the traditional financial system by constructing a dysentalisted network for secure and efficient value transfer. It connects the powers of both the “Web3+” approach web2 and the web3.
The platform is designed to incorporate global economy activity on blockchain, with special attention to interoperability, security and regulatory compliance. VELO’s innovative identity framework includes the KYB/KYC protocol, which allows safe transactions while maintaining privacy when needed.
VELO solution given by veloo
Interoperability chain: VELO creates a decentralized platform to safely share KYB/KYC data between institutions. This ensures compliance and increases privacy.
Anonymus transaction : VELO allows fornonyus transactions by providing flexibility and security by maintaining regulatory standard through its KYB/KYC framework.
Lack of infections : Using the blockchain protocol, the veloo reduces intervals in the traditional system, making the transaction faster and more efficient.
Compliance-friendly : The platform is designed to meet regulatory requirements, ensure the confidence of the participants and maintain data integrity.
Nova Chain
Nova Chain is an Ethereum Digital Gadget (EVM) blockchain designed to support other platforms and promote the desertralized application adoption. It uses Nova Token as gas fees. Nova Chain simplifies onboarding for new users in decentralized finance by providing free tokens through a fossate. This approach supports interoperability in several chains and promotes a bridge between the web2 and web3 services.
What makes Velo special?
Adding Tradfi and Defi: VELO’s Nova Chain acts as a bridge between traditional finance (Tradfi) and Destroid Finance (Defi). It connects major industry players such as SEBA Bank, Asia Digital Bank, VISA and others, which enable interoperability.
User onboarding: VELO’s infrastructure is designed to smoothly onboard users from Web2.0 to Web3.0. It accommodates the organic retail user acquisition by providing KYC onboarding for enterprise users, allowing them to easily deploe services on ecosystem.
Deciration-making : VELO token holders have the right to speak in governance through the DAO system, which allows them to vote on proposals, which contributes to the project. This participative approach encourages community environment and collective decision making.
Flame gas fees and accessibility : Nova Token Nova serves as gas fees on the chain, but they have no montary value and do not have trading on exchanges. This reduces unique approach cost and reduces the hurdle of entry.
Innovative revenue model: Unlike fees -based traditional revenue models, VELO promotes partnership with businesses, shares revenue and profits with its partners.
How to change the future of blockchain technology veloo
Blockchain technology has the ability to bring revolution in the financial industry by providing value transfer to value transfer. Projects that work the difference between traditional finance and decentralized finance bring us closer to a world where transactions are sharp, more economical and more transparent.
By integrating the web2 and web3 technology, these platforms provide a familiar experience to users, taking advantage of the benefits of the dysentery. This can lead to an easy transition for both users and business. Focus on compliance and interoperability ensures that these solutions can be widely adopted, which will pave the way for more integration with the existing financial system.
These new blockchain solutions are the key to the future where finance is not only more efficient but also more equivalent. Traditional and Dysentralisted finance By working between the difference between, these platforms can lead to a world where financial transactions are transparent and open to all.
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