Veil (VEIL) is a cryptocurrency project that seeks to facilitate the transition from physical to digital cash economies, making privacy as one of the most convenient choices. The need for a currency that can provide full-time privacy without compromising the strength of anonymity drove the creation of Veil. As stated on the website, the vision of Veil is to build the best privacy coin in the world.

To ensure long-term viability, the Veil network aims to provide funding for ongoing operations and ongoing research and development in the fields of cryptography and blockchain technologies. The Veil project attempts to improve the state of privacy-focused cryptocurrencies by developing a secure, highly anonymous coin that provides complete privacy.

Veil aims to offer a user-friendly wallet named RingCT, which can make full-time privacy a convenient option for users. RingCT is a protocol that doesn’t require any trusted setup and also hides the identity of the recipient, originator, and amount of the transaction. There are many other features that Veil aims to provide, such as:

By holding VEIL, users can contribute to overall network security and earn staking rewards. The project supports the fair launch. To combine security and fair distribution, Veil's blockchain is secured using proof-of-work and proof-of-stake. Further, through Veil Labs, an entity dedicated to research and development and partnerships with leading academic institutions, Veil aims to innovate the use of cryptography and blockchain technology.

The Veil project was founded in 2018 by James Burden, a crypto-privacy expert. Also, the core developers of the project are Paul de Lange, Jared, and WetOne.

The maximum supply of VEIL tokens is 300,000,000.