Re: [ANN] Velox Project [VLX] | The Future of Anonymous Crypto Trading & Exchanging

In the thread there is a wallet address & also some setting process...do I need the wallet to keep the currency or need it for the exchange process??is it for security??

Wallet is for storing your VLX coin on your device the same way you store you bitcoin, so if you are planning to buy VLX and hold for long term or until VELOX BOLT released, is better to store it on those wallet rather than keep it on that temporary exchange.

It's all about counterparty risk. If you can accept an exchange being shut down or running off with your money, then you are fine to store your money there. If you want to make use of this awesome possibility that cryptocurrency brings about, which is having sole control over your assets, then you should get a wallet and invest some time to set it up and secure your funds there Wink

Accepting the risks ahead is the users responsibility Cheesy

Let's just hope that every platform like VLX will not shut down in the future. VLX can really help the trading and exchanges in the crypto market to make it more fast and reliable.

You're right, as I encounter those ICO similar on this project. Maybe, they have some special features and advocacy that needs to know compare to other ICO Project. Hoping that all of this issue will be categorized in good way as we need a good answer by the dev.

Every project ICO will have their unique launch but we really require to seek the potential of the project that could really drive an added reputation for all the participants considering whitepapers, translations, bounty, dev and team active communication etc.