VELO
Velo
VELO

Velo price

in AED
AED0.056046
-AED0.0029861 (-5.06%)
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Market cap
AED986.91M #109
Circulating supply
17.56B / 24B
All-time high
AED8.675
24h volume
AED123.18M
3.7 / 5
VELOVELO
AEDAED
Buy Velo

About Velo

VELO is a cryptocurrency designed to power a blockchain-based financial ecosystem focused on improving cross-border payments and digital asset transfers. Built on advanced blockchain technology, VELO aims to make transactions faster, more secure, and cost-effective compared to traditional systems. Its primary purpose is to enable businesses and individuals to exchange value seamlessly, especially in regions where financial infrastructure is limited or expensive. Within its ecosystem, VELO tokens are used to facilitate transactions and ensure trust between parties. Whether you're exploring crypto for its innovative technology or its practical applications, VELO stands out as a solution for bridging gaps in global finance. It's a project that combines accessibility with efficiency, making it relevant for both beginners and experienced users alike.
AI-generated
DeFi
Official website
White Paper
Github
Block explorer
CertiK
Last audit: Jul 17, 2021, (UTC+8)

Velo’s price performance

11% better than the stock market
Past year
+21.02%
AED0.05
3 months
+25.18%
AED0.04
30 days
-17.92%
AED0.07
7 days
-9.20%
AED0.06
Velo’s biggest 24-hour price drop was on Mar 8, 2021, (UTC+8), when it fell by AED5.369 (-61.90%). In Mar 2021, Velo experienced its biggest drop over a month, falling by AED6.387 (-73.62%). Velo’s biggest drop over a year was by AED8.234 (-94.92%) in 2021.
Velo’s all-time low was AED0.0035628 (+1,473.09%) on Dec 7, 2022, (UTC+8). Its all-time high was AED8.675 (-99.36%) on Mar 8, 2021, (UTC+8). Velo’s circulating supply is 17,563,876,115 VELO, which represents 73.18% of its maximum circulating supply of 23,999,804,345 VELO.

Velo on socials

先知
先知
Liquidity is just a facade; the key is where it flows. @veloprotocol has currently achieved a key milestone with a circulation of 17.56 billion $VELO. When it comes to Velo, some might say it’s just another RWA blah blah blah. But Velo is not simply replicating the Western model; it’s utilizing tangible assets that Southeast Asians are most familiar with. Laos' "Digital Gold Project" has now signed an MOU with the Solana Foundation, and once the cross-chain bridge opens, hot money on Solana can flow directly into Velo's PayFi network. Do you know what this means? For the first time, the small crypto circle in Southeast Asia has a compliant channel connecting to a top-tier public chain. Imagine when billions of traffic from the Solana ecosystem floods in through this bridge; VELO will become an indispensable harvesting machine. ➣ Why are traditional capital giants like Charoen Pokphand Group and UOB betting on Velo? What they are primarily focused on is that it holds payment licenses from Visa and Lightnet, These traditional giants bring not only capital but also a network of offline merchants covering 260 million people, which is Velo's most formidable moat. ➣ The weight of 17.5 billion is not the end; it’s the opening shot of the liquidity war. While others are still discussing unlocking volumes, Smart money is already focused on three key indicators: Solana cross-chain progress, RWA asset onboarding speed, and USDV's market share in Southeast Asian cross-border payments. Remember, in the Web3 financial race, whoever captures Southeast Asia captures the world, and Velo is building its financial empire in this blue ocean.
Gallery 1
6.62K
9
Martin Ho
Martin Ho
8 standout campaigns powered by Cookiedotfun: 1. @tenprotocol TEN Protocol The Final Network TEN is building a TEE-native execution layer for the next internet a high-security infrastructure layer where sensitive data can be processed privately without relying on centralized trust. By leveraging trusted hardware, TEN aims to redefine how we handle secure information in the age of AI and Web3. 2. @vooi_io Vooi Trading Marketplace Powered by Chain Abstraction Vooi is a next-generation trading marketplace that utilizes chain abstraction to simplify cross-chain interactions. Users can trade tokens seamlessly, regardless of their native chain. Backed by echodotxyz and YZi, Vooi focuses on a smooth and transparent trading experience driven by community support. 3. @recallnet Recall Network Where AI Agents Compete An onchain battleground for autonomous AI agents. Recall enables agents to compete for rankings, reputation, and rewards testing real-world performance in a decentralized arena. It’s an open field for AI experimentation where code and logic meet onchain incentives. 4. @OpenledgerHQ OpenLedger Liquidity for AI OpenLedger is an AI-native blockchain unlocking liquidity for data, models, and autonomous agents. By enabling permissionless monetization of AI assets, it opens new economic possibilities for creators and developers. The project is backed by leading funds like Polychain, Borderless Capital, and HashKey Capital. 5. @JoinSapien Sapien Decentralized Data Exchange Protocol Sapien connects companies directly with individuals who own valuable knowledge and data all in a decentralized and privacy-preserving way. Instead of letting data sit unused in centralized silos, Sapien gives control back to individuals and lets them monetize their insights. 6. @build_on_bob BOB The Gateway to Bitcoin DeFi BOB is building the easiest and safest way to earn yield on your Bitcoin. Powered by the BOB Hybrid Chain and BitVM, it brings native DeFi to Bitcoin unlocking a new class of opportunities that were previously limited to EVM ecosystems. All of these campaigns are currently live on cookiedotfun, where you can: Join early, test real products Complete quests and earn rewards Help shape the future of top-tier Web3 projects This is your chance to discover, earn, and become a foundational supporter of the next generation of decentralized applications. 7. @LABtrade_ This is the ultimate multi-chain trading infrastructure where you can trade faster with the lowest fees, deploy strategies instantly, and earn rewards from the LAB Ecosystem. This platform not only helps professional traders, but also opens up opportunities for anyone who wants to leverage the power of multiple chains at once, optimizing speed, costs, and profits. 8. @VeloraDEX Comprehensive cross-chain experience for both Traders and dApps, optimizing performance, speed and scalability. Supports major networks: Ethereum, Optimism, Polygon, BNB, Avalanche, Arbitrum, Base. Seamless connection between chains, making trading, yield farming and dApps deployment fast and efficient. The optimal solution for multi-chain DeFi, allowing flexible, convenient and secure asset management and application deployment.
Gallery 1
1.35K
18
Charlie.hl
Charlie.hl
Pretty impressive Hyperliquid builder code growth from @BasedOneX--$1.7bn in volume in the last month For context, that’s putting them in line with exchanges like @VelodromeFi ($1.8bn) and @prjx_hl ($1.55bn) Imo, Based demonstrates that HL builder code apps will generate real value by pushing outside of the current HL userbase and expanding the pie (same can be said for Phantom perps which did a nice $4.77bn in volume in the last month)
16.55K
131
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Velo FAQ

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.

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.

Easily buy VELO tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the VELO/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for VELO with zero fees and no price slippage by using OKX Convert.

Currently, one Velo is worth AED0.056046. 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

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.

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Market cap
AED986.91M #109
Circulating supply
17.56B / 24B
All-time high
AED8.675
24h volume
AED123.18M
3.7 / 5
VELOVELO
AEDAED
Buy Velo
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