Type of site
|Internet chess server, Social media website|
VelocityChess uses "vChip", a virtual currency system, an experience point-based reward system, and allows play of chess games with time and betting handicaps. The website uses a proprietary matchmaking technology, which aims to arrange fair matches between two players of any skill level through the use of handicaps. Members also can earn rewards by choosing to redeem its virtual currency for cash and other prizes. The site has since been shutdown from 4 December indefinitely. Rummers suggest that it run bankrupt because of regulatory framework.
- McMonagle, Megan. "VelocityChess Selects Zoomi to Revolutionize Online Gaming Education". Yahoo Finance. Yahoo. Retrieved October 15, 2016.
- "VelocityChess, LLC". CompanyOnTop. Retrieved October 15, 2016.
- Torres, Chris. "My First Impressions of VelocityChess". Chess Musings. Retrieved October 15, 2016.
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