Velo price

in USD
$0.017470
+$0.0010390 (+6.32%)
USD
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Market cap
$306.74M #100
Circulating supply
17.56B / 24B
All-time high
$2.3620
24h volume
$36.21M
3.7 / 5
VELOVELO
USDUSD

About Velo

DeFi
CertiK
Last audit: 17 Jul 2021, (UTC+8)

Velo’s price performance

42% better than the stock market
Past year
+52.88%
$0.01
3 months
+30.00%
$0.01
30 days
+30.39%
$0.01
7 days
-15.10%
$0.02

Velo on socials

Velo Official
Velo Official
$USDV The "Never Depeg" Stablecoin! ▫️Rock-Solid Stability: USDV is backed by 200% collateral (e.g., USDT, VELO, BUIDL, USDL, TBILL, PLG), with a 150%+ reserve ratio, ensuring it stays pegged at 1:1 with the dollar. ▫️Smart Protection: If values dip, an automated liquidation auction kicks in, letting VELO users snag assets at a discount while burning USDV to keep the system safe. ▫️Earn While You Hold: Stake VELO to earn rewards, and enjoy low-fee exchanges with smart contracts that balance the peg. ▫️Community Power: VeloDAO gives you a say in adjusting rules, making USDV adaptable and trustworthy. With this multi-layered design, USDV is set to be a reliable digital asset for all! 🦾 Read more in PayFAI Litepaper:
NingNing
NingNing
Velo Protocol: When TradFi Old Money Meets Crypto Alpha gm anons, today we’re going to talk about a project that might make you rethink the narrative of crypto in Asia. In the current market environment filled with countless forks and copy-paste projects, opportunities with genuine structural Alpha are becoming increasingly rare. From the Memecoin supercycle to the AI Agent asset issuance frenzy, and then to the stablecoin/RWA Summer, crypto Degens and the new generation of Gen Z are chasing the same narrative, with their money-making strategies converging and unifying. As a result, few people in the market are paying attention to the ongoing technological paradigm revolution and the shift in business paradigms. Velo is an Alpha that is mispriced by the current market vibe. Of course, this is not to say it has any revolutionary technological paradigm innovation, but rather because it represents a new way of doing business in crypto: a way for Old Money to seriously engage with crypto. 1⃣ Velo's Core Investment Logic: What does it mean to "Win at the Starting Line"? Let’s start with the conclusion: We are at a critical turning point in the development of crypto. In previous cycles 🔁, the main theme was "the decentralized revolution disrupting traditional finance," but now the narrative has quietly shifted to "traditional finance and crypto moving towards each other." And Velo is a textbook case of this new narrative: ❌ Not just another DeFi fork, but a Crypto Avatar of traditional capital. ❌ Not in opposition to the existing system, but building a seamless bridge. ❌ Not a grassroots movement, but a top-down strategic deployment. So, how solid is Velo's background (here comes the key point)? Let’s get straight to the facts. The CP Group behind Velo is the owner of over 20,000 7-Eleven stores in Asia and a close ally of the Thai royal family (for those who understand what this means in Southeast Asia, you know). It’s a diversified business empire worth hundreds of billions of dollars. To translate: Velo possesses what 99.9% of crypto projects dream of but can never obtain—real-world distribution channels and a regulatory moat. While other projects are writing code in garages, the Velo team is mapping out territories in boardrooms. Imagine this: while you’re still worrying about how to acquire your first user, they’re already sitting in a conference room, with the entire financial landscape of Southeast Asia on the table, discussing "which banks, payment companies, and exchanges to integrate first." 2⃣ Deconstructing Velo's Product Ecosystem: Not Just Another DeFi Aggregator Universe Hybrid Perpetual DEX Universe is a multi-chain perpetual contract protocol across NovaChain, BSC, and Solana. Recently, Universe has deeply integrated with Bitget Wallet, allowing users to open positions on Universe directly from Bitget Wallet without gas fees. This is similar to the collaboration between Hyperliquid and Phantom Wallet. Although Bitget Wallet is a level lower than Phantom Wallet in terms of capability, it has a massive user base in Asia, providing Velo with a direct channel to reach millions of precise users. PayFAI Settlement Layer: AI-Driven Financial Infrastructure The PayFAI settlement layer is the core innovation of the Velo ecosystem in this cycle. It is not just another simple payment medium token, but an AI-driven cross-border settlement infrastructure. This system supports foreign exchange trading, merchant payments, and achieves seamless integration from TradFi to PayFAI. NovaChain: EVM-Compatible Settlement Layer NovaChain, as the underlying blockchain of the Velo ecosystem, is not trying to become an "Ethereum killer," but focuses on serving as a bridge between TradFi and DeFi. Its EVM compatibility ensures seamless connection with the existing DeFi ecosystem. RWA and Stablecoin Aggregation Velo's layout in the RWA (Real World Assets) field is also worth noting. Through products like PLG Gold, users can directly access real assets like gold and institutional-level liquidity on-chain. This tokenization of real assets provides a friendly entry point for traditional investors into the crypto market. 3⃣ When Consortium-Level Players Decide to Seriously Build a Web3 Empire While others are building products, Velo is building an empire. Velo's approach is on a completely different dimension: -- Deeply bound with Bitazza - not just a simple technical integration, but a joint dominance of the wallet ecosystem. Bitazza, as one of Thailand's largest digital asset platforms, means Velo has direct access to Thai crypto users. -- Protocol-Level Integration with Lightnet - the key word here is "protocol-level." It’s not just API calls or simple cooperation, but deep integration of underlying architectures. Lightnet itself is a cross-border settlement network invested in by CP, which means Velo inherently has the genes for cross-border payments. Seamless connection between traditional banks and DeFi - while other projects are still thinking about how to "disrupt" banks, Velo is already "co-building" a new financial infrastructure of CeDeFi with banks. The power of this approach lies in: ❌ Ordinary projects: first build the product → find users → seek cooperation → wait for regulatory approval. ✅ Velo model: first have relationships → then build the product → users come with it → regulatory friendly. The result is: while others are still struggling with cold start issues, Velo already has ready-made distribution channels, a ready-made user base, ready-made regulatory relationships, and ready-made business scenarios. Velo's ambition in this era of technological acceleration is to build a one-stop new paradigm financial platform that monopolizes the region (Thailand and Southeast Asia) covering all financial needs from payments, settlements, wallets, trading to asset management, from 0 to 1. It aims not just to add a new piece to the existing financial business puzzle, but to become the core hub connecting all the pieces.
Velo Official
Velo Official
PayFAI provides a smart investment experience with VELO’s AI agents advisors, helping users manage token returns automatically. $USDV, the ecosystem’s stablecoin, offers super-low fees and fast 1-2 second confirmations for a smooth ride. VELO simplifies wallet use and enables easy USDV transfers across blockchains, boosting liquidity and accessibility. Learn more about PayFAI Litepaper here:
anymose🐦‍⬛
anymose🐦‍⬛
Southeast Asia's Ant Financial actually comes from a family in Shantou. In Lujiazui, there is a prominent building called "Zhengda Plaza." I used to only know it as a shopping mall, but later learned that two brothers from Shantou, Guangdong started their business in Bangkok, and over a century built Charoen Pokphand Group into Thailand's largest business group, with over 400,000 employees worldwide, spanning multiple sectors as a global giant. Now, they have entered Web3. Let's dive in! ⬇️ If you are not familiar with Charoen Pokphand Group, did you watch the Charoen variety shows when you were a kid? No? Then you must have heard of 7-Eleven, right? If not, there's also the CP Lotus supermarket? These are all under/invested by Charoen Pokphand. In 1921, the two brothers, Chia Ek Chor and Chia Seow Hui from Shantou, Guangdong, started selling seeds in Bangkok, and through three generations, they built Charoen Pokphand Group into a business empire. Chia Ek Chor has four sons, named Chia Cheng Min, Chia Da Min, Chia Zhong Min, and Chia Guo Min. The youngest, Chia Guo Min (Dhanin Chearavanont), is now Thailand's richest man. The third son, Chia Zhong Min, has a son named Chatchaval Jiaravanon, who is the main character of this article, also known as the founder and chairman of Velo Protocol, dubbed Southeast Asia's Web3 version of Ant Financial. This is the background story of Velo that we will explore today. / Velo is a fintech company established in 2018, claiming on its official website that it is not just Web3, but Web3+. What does that mean? Specifically, Velo consists of five parts: ▰ QUANTUM, a one-stop lightning-fast remittance network ▰ UNIVERSE, a multi-chain decentralized exchange ▰ NOVA CHAIN, a universal blockchain network ▰ ORBIT, a crypto super application ▰ WARP, a multi-network cross-chain bridge I was startled, thinking there was some Web3 high-tech I didn't know about. In fact, Velo is using blockchain technology to empower the entire financial industry, especially in cross-border payments, digital asset management, and decentralized finance. Coincidentally, these areas are also covered by Charoen Pokphand Group, including retail, banking, telecommunications, and agriculture. Adding Southeast Asia into the mix, blockchain technology can perfectly optimize cross-border payment efficiency and reduce costs. Looking at it this way, I agree with Velo's claim that it is not just Web3, but the hub of Southeast Asia's digital financial strategy. With Charoen Pokphand Group as a backing, Velo has integrated Southeast Asia's payment networks, banks, stablecoin issuers, wallets, and exchanges. This circle has led to practical blockchain technology solutions. No wonder the official website recently updated independent white papers on RWA and PayFi... In the wallet sector, Velo has partnered with Bitazza, Thailand's largest digital asset platform, and for cross-border settlements, it collaborates directly with its own company Lightnet. Now, it has integrated DeFi and perpetual contract products with Bitge Wallet, allowing users to directly use this hybrid derivative DEX in their wallets. E-Guard has stood up, BTC has reached new highs, and Velo has not been idle either. On June 16, $VELO was listed on Binance Alpha. Now, they are holding a trading competition with Binance Thailand from July 22 to August 14, where trading at least 1,000 Thai Baht in $VELO gives you a chance to win 500 Thai Baht in $VELO. // Chatchaval Jiaravanon, as a key figure of the third generation of Charoen Pokphand Group, has truly combined finance and technology. I wonder if when he acquired Fortune magazine for $150 million in 2018, he ever thought that Velo would catch the huge wave today: PayFi, RWA, and Stable Coin are all within reach. Under the shade of a big tree, it's nice to cool off. Velo not only has Charoen Pokphand Group behind it, but also UOB, the Unified Group, and DWF Labs. At first, I thought $VELO was just an ordinary coin, but I never expected that after going around, there would be so many stories! This is a soft-core popular science article, through which you can gain a basic understanding of the following knowledge: ▰ Uncovering Charoen Pokphand Group ▰ How Velo became Southeast Asia's Web3 Ant Financial ▰ The Thai richest man's nephew is quite handsome (not really) Author: anymose | A soft-core popular science writer <End of full text> * This article is for informational purposes only and does not constitute any investment advice. Always remember to DYOR!

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Velo FAQ

Currently, one Velo is worth $0.017470. For answers and insight into Velo's price action, you're in the right place. Explore the latest Velo charts and trade responsibly with OKX.
Cryptocurrencies, such as Velo, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Velo have been created as well.
Check out our Velo price prediction page to forecast future prices and determine your price targets.

Dive deeper into Velo

Velo (VELO) is a financial protocol built on blockchain technology, empowering businesses with seamless cross-border asset transfers and digital credit issuance. With the native currency, VELO, at its core, the platform aims to revolutionize the international remittance landscape by providing a secure and efficient solution for global transactions.

What is Velo

Using smart contracts, Velo streamlines credit issuance and facilitates cross-border transactions, bridging the gap between legacy finance, centralized finance (CeFi), and decentralized finance (DeFi. The platform incorporates a network of nodes to optimize payment processing, reducing costs and enhancing transaction speeds.

The network's native token, VELO, plays a pivotal role in maintaining and operating the Velo network. It is a medium of exchange within the ecosystem and acts as a collateral asset.

The Velo team

Velo, founded by Velo Labs Technology Ltd in 2020, is a blockchain-based platform incorporated in the British Virgin Islands. The Chairman, Chatchaval Jiaravanon, brings a wealth of experience from his 14-year tenure as Chairman of Finansia Syrus Securities. The Velo team is a group of highly experienced professionals with background in tech and financial industries. Velo's success has attracted prominent global partners, including Visa, Asia Digital Bank, and Signum Capital.

How does Velo work

The Velo Protocol functions as a financial system that issues digital credits tied to fiat currencies, with VELO tokens as collateral. This ensures a constant 1:1 value ratio between the digital credits and fiat. The protocol consists of two main parts:

  • Digital Credit Issuance Mechanism: This mechanism generates digital credits linked to any fiat currency by staking VELO tokens in collateral pools.
  • Digital Reserve System: The system automatically rebalances VELO token collateral pools to maintain a 1:1 value ratio between issued digital credits and their corresponding fiat currency.

The utility token of the Velo Ecosystem: VELO

VELO serves multiple purposes within the network. It acts as a medium of exchange, allowing users to transact and transfer value across the Velo network. Furthermore, VELO holders have governance rights, allowing them to participate in the decision-making process of the protocol.

VELO tokenomics

VELO serves a dual role within the Velo ecosystem. Firstly, it serves as collateral, safeguarding the digital credit issuances made by the Trusted Partner Networks (TPNs). Secondly, VELO is a bridge currency, facilitating seamless and efficient cross-border transactions.

With a total supply of 23,999,997,461 VELO tokens and a circulating supply of 7,390,475.595 tokens, the distribution of these tokens has been carefully planned to involve various stakeholders and purposes, including founders, investors, community initiatives, and ecosystem development, ensuring a diverse and inclusive allocation across the Velo network.

VELO use cases

  • Cross-border remittances: Velo is primarily designed to enable fast and cost-effective cross-border remittances. Trusted partners in the Velo network can leverage the VELO token to facilitate cross-border transfers.
  • Digital credit issuance: Velo enables its trusted partners to issue digital credits, which can be customized to suit the specific needs of their customers. These digital credits can be used for various purposes, such as online purchases, digital asset trading, and lending.

VELO distribution

The initial distribution of VELO tokens is as follows:

  • 40 percent is allocated to community funds
  • 20 percent is for the team and advisors
  • 20 percent of tokens are for the ecosystem partners
  • 20 percent is for the foundation

Velo: The road ahead

The Velo team has ambitious plans for the future, aiming to expand the ecosystem, enhance accessibility, and increase versatility. In their roadmap, they have outlined the addition of several exciting features, including an NFT marketplace, a lending and borrowing platform, and a decentralized exchange (DEX). These new functionalities will significantly enhance the utility of the Velo ecosystem, providing users with a comprehensive financial experience.

Moreover, Velo is committed to developing user-friendly tools and interfaces, making the platform easy to use for users of all experience levels. By prioritizing user experience and interface design, Velo seeks to ensure that its ecosystem remains accessible and user-friendly.

Disclaimer

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Market cap
$306.74M #100
Circulating supply
17.56B / 24B
All-time high
$2.3620
24h volume
$36.21M
3.7 / 5
VELOVELO
USDUSD
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