Velo Protocol: Unexpectedly, the underlying puzzle of Asia's financial infrastructure is already quietly taking shape
Velo Protocol @veloprotocol is building a set of Web3+ financial infrastructure for the Asian market, connecting tokenized assets, DeFi, payment systems and cross-border foreign exchange settlements, opening a more convenient channel for real-world assets to enter the chain
What's even more surprising is that there are a string of well-known names standing behind it: Visa, Lightnet, CP Group, UOB Venture, Uni-President Group, DWF Labs...... Such a lineup not only means resource support, but also represents a strong endorsement of compliance, scalability and landing capabilities
Universe DEX trading volume surpasses $1 billion
As Velo's core product, the Universe hybrid perpetual contract DEX has successfully surpassed the cumulative trading volume of $1 billion USDV
This DEX is the first to tokenize foreign exchange perpetual contracts, and is the first to launch multiple fiat currency trading pairs such as EURUSDV, GBPUSDV, AUDUSDV, etc., bringing a new way of on-chain foreign exchange trading
It supports 24/7 trading, gas-free transactions, and has been deployed to Novachain, BSC, and Solana multi-chain ecosystems - I have to say that the speed of Universe's development is indeed a bit unexpected
$VELO Strong rebound and market sentiment picked up
With BTC rushing towards $120,000 and ETH back at $3,000, the market is picking up
$VELO Token has rebounded by more than 40% in recent weeks, mainly due to:
• Protocol fundamentals continue to improve
• Steady increase in on-chain transaction volume
• Increased focus on multiple protocol upgrades and wallet integrations
Official Website:
Twitter:
Telegraph:
Last week's top tokens swapped on LOBSTR were:
1. XLM 💫
2. SHX 💳
3. XRP 👨💼
4. AQUA ♒
5. VELO 🌐
42.81K
455
Velodrome
SuperStacks Rewards Are Here 🔴
Over $200M was contributed during the program, with more than 50,000 users participating.
Velodrome led all SuperStacks protocols with the most unique users participating (20,545)—capturing strong community engagement across 11 different pools.
optimism.eth
1/📢 Heads up SuperStacks participants, OP claims are now open.
This was an experimental pilot program with a defined scope, designed to test reward mechanisms that accelerate DeFi and interoperable assets on the Superchain.
The program exceeded expectations - now it’s time for participants to get rewarded.
Here are the claim details, and stay tuned for future rewards stacking opportunities ⬇️
The current price of Velo is $0.017957. Over the last 24 hours, Velo has increased by +1.52%. It currently has a circulating supply of 7,390,475,595 VELO and a maximum supply of 23,999,856,633 VELO, giving it a fully diluted market cap of $132.57M. At present, Velo holds the 0 position in market cap rankings. The Velo/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
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.
Show more
Show less
Trade popular crypto with low fees and powerful APIs
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.9K new posts about Velo, driven by 882 contributors, and total online engagement reached 716K social interactions. The sentiment score for Velo currently stands at 85%. Compared to all cryptocurrencies, post volume for Velo currently ranks at 2812. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Velo.
Powered by LunarCrush
Posts
2,905
Contributors
882
Interactions
716,230
Sentiment
85%
Volume rank
#2812
X
Posts
2,888
Interactions
715,808
Sentiment
86%
Velo FAQ
What are the benefits of using Velo?
The Velo Protocol aims to provide efficient and cost-effective financial services, bridging the gap between traditional and decentralized finance. By enabling the issuance and transfer of value-linked digital assets, it offers solutions for global financial inclusion and secure value transfer across borders.
Should I buy VELO tokens?
As with any financial decision, whether or not to buy VELO tokens depends on your personal goals and risk tolerance. Before making any purchase, conducting thorough research, assessing the project's fundamentals, and considering market conditions are essential. It is advisable to consult with a financial advisor to make informed decisions based on your individual circumstances and objectives.
What is the VELO price prediction?
While it’s challenging to predict the exact future price of VELO, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 Velo worth today?
Currently, one Velo is worth $0.017957. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Socials