“The root problem with conventional currency is all the trust that’s required to make it work.
The central bank must be trusted not to debase the currency, but the history of fiat currencies is
full of breaches of that trust. Banks must be trusted to hold our money and transfer
it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.”
Crypto Currency exchanges in the current day and age have moved a long way from their original structure at the beginning phases of crypto currency.
What used to be a semi-anonymous and seamless process to trade between one crypto currency and another has become a heavily regulated and difficult process for users all over the world, arguably caused by adoption of crypto currency majorly by centralized institutions. The adoption by centralized institutions has forced exchanges to adopt the current fiat monetary structure that we most use in our day to day lives into crypto currency. Adopting this system which arguably discourages some of the core foundations of Satoshi’s vision, the freedom of money & anonymity. Over time this current direction of the crypto currency exchanges and platforms, has made the revival the core values of crypto currency, along with the ability to transact and exchange crypto currency without a regulatory party, a little less possible almost impossible.
The only solution to the unsettling reality that is becoming of crypto currency, is a collective, disruptive reboot of the whole system, with those who are dedicated to upholding the original structure and purpose of crypto currency in their own proposed way. Every day, new decentralized projects are established, joining this movement with a common goal of decentralization, anonymity and freedom.
The Velox Project, a group of like-minded individuals, have formed with this common goal and the core focus of decentralization & anonymity. The Velox Project will be focusing on these two very important aspects by creating a set of advanced, disruptive utilities and services that is open for anyone around the world to use with absolutely zero restriction and enhanced privacy.
These planned utilities and services will be released over the course of 2018 and 2019 and once completed, will become the first tier line of Velox Project products. To find out more about the tier-1 product line, visit our Products section.
The team at Velox Project thank investors to assisting our contribution to building a decentralized & free future.