Velo price

in SGD
S$0.011729
-- (--)
SGD
Market cap
S$205.84M
Circulating supply
17.56B / 24B
All-time high
S$3.060
24h volume
S$21.24M
Rating
3.7 / 5
VELOVELO
SGDSGD

About Velo

VELO is a cryptocurrency designed to facilitate fast, low-cost cross-border payments and settlements, particularly in Southeast Asia. It powers the Velo Protocol, a blockchain-based financial network that connects traditional finance with decentralized solutions. VELO enables real-time transactions, stablecoin settlements, and institutional-grade payment rails, making it a practical tool for businesses and individuals in emerging markets. Its ecosystem supports multi-currency stablecoins, tokenized assets, and compliance-friendly infrastructure, aiming to improve financial access and efficiency.
AI insights
DeFi
CertiK
Last audit: 17 Jul 2021, (UTC+8)

Velo’s price performance

Past year
-34.52%
S$0.02
3 months
-56.01%
S$0.03
30 days
-38.65%
S$0.02
7 days
-12.87%
S$0.01

Velo on socials

FmDinis73
FmDinis73
#crypto 4 year Cycle🤔 Regulatory Clarity and Institutional Adoption is the end of the Old Cycle. HODL the assets that are the Foundation on the New Financial System. #xrp #xlm #quant #hbar #xdc #algo #shx #velo #w #plume #kima #dag #rbnt #jasmy #redstone
CKJcryptoNews
CKJcryptoNews
Rise and shine Great Wealth Transfer time Hidden gems 💎 on @xpmarket melting portfolios Globally 🌎 $capZ $XBF $XHM $Sticks $Aicat $XPM New Asset class $ZBCN #Zebec #XCN $SHX $Velo $Sol $Tel
sofitel 💥 Ⓜ️Ⓜ️T 💥
sofitel 💥 Ⓜ️Ⓜ️T 💥
[ ve(3,3) - The seed of innovation that will change the landscape of decentralized finance. And until #momentum..] Do you remember Andre, the founder of Yearn Finance, who was called the god of DeFi? Hehe The term "ve(3,3)" that you might have heard while studying @MMTFinance was actually the title of a short article Andre posted on Medium in early 2021, and it is not an exaggeration to say that it shook the foundations of DeFi - (from here on, I will just use a casual tone for convenience, lol) ve(3,3) was a tokenomics design that cleverly combined Curve Finance's Vote Escrow (ve) mechanism and Olympus DAO's (3,3) staking model. - The ve in Curve was a system that granted voting rights and rewards by locking up tokens, - Olympus's (3,3) borrowed the concept from game theory's Nash equilibrium, where if everyone stakes (+3,+3), mutual benefits are maximized, and if everyone sells (-3,-3), disaster strikes. - In short, it was a tokenomics designed for 'sustainable participation' instead of short-term speculation. This tokenomics emerged as a response to the excessive token emissions during the DeFi boom of 2020, which led to inflation and selling pressure, creating a bubble. - By locking tokens as ve, rewards are given, and emissions are designed to decrease in proportion to supply. This structure helps to shake off short-term farmers and nurture long-term holders. - Fantom's Solidly DEX became the first practical stage for ve(3,3), attracting a lot of TVL. In the future, projects forking this model emerged in droves, demonstrating significant ripple effects. (e.g., Velodrome, Aerodrome, etc.) However, ve(3,3) began to shake when Andre suddenly left DeFi in 2022, causing token prices to plummet. Nevertheless, the essence and idea of the model did not disappear and survived. Instead, it began to evolve into a more mature AMM structure. According to DeFiLlama, the TVL of ve(3,3)-based protocols currently maintains billions of dollars, establishing a stable ecosystem. This proves that Andre's vision transcended mere experimentation, maximizing the network, solving liquidity shortages, and alleviating emission pressure through fees, embodying a kind of aesthetic of balance.. This aesthetic of balance naturally leads to @MMTFinance, the hottest project currently, which we are passionately discussing. #momentum also adopts ve(3,3), and it is expected that long-term participation incentives through liquidity provision and staking will flourish within the SUI blockchain, boasting tremendous TVL and trading volume even now. momentum is not just a DEX; it focuses on creating a substantial growth pipeline, and it is anticipated to far surpass the growth of other DEX and DeFi projects like Cetus, Navi, Scallop, and Suilend within the SUI ecosystem. Ultimately, ve(3,3) is establishing itself as a fundamental core in the DeFi industry, and I believe @MMTFinance is proving that balance and growth once again on the SUI blockchain. The era of merely repeating speculation and farming has ended, and we are now in a time where the value of the network and sustainable participation become the true momentum of success, participating in @KaitoAI's discussions and @buidlpad's UGC campaign like this.. Hehe Although this was a somewhat dull and lengthy article, I felt it would be a shame to fill my fifth and final post for my UGC campaign with just the usual token sale information from buidlpad, and I thought I would regret using such a good opportunity in that way later on, so I researched the history of the core of momentum, ve(3,3), and completed this final article based on that. Looking forward to the token sale of momentum through buidlpad and the upcoming successful TGE of $mmt, I conclude my last UGC post at @sofitel_7 around 9:41 PM on 10/19 (Sunday). P.S - As a member of the "Korea Momentum Dream Team," a truly Avengers-level team, it was very clear that my engagement would significantly lower the team's average due to my absolutely insufficient number of followers, so I felt both joy in being a team member and a much greater worry at the same time. - Nevertheless, I am very grateful to the team members who accepted me as a team member, reassured me that I was doing well, and continuously supported me, and I appreciate each one of you for the time I could learn so much. <Korea Momentum Dream Team~! Forever> @Edward__Park (CoinLikeInvest) @ROKMCFIREANT (BullAnt) @RaoniKor (Raoni) @whenmoonsoon (MeowMeow) @dontakoo55 (Dontaku) @baeko_02 (Baekho) @murphys1d (Murphy) @ppougod (PPOU) @btcgreatagain (Sinseoldong) @0xGwoni (Gwoni) @sofitel_7 (And me, Sofitel)

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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 S$0.011729. 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
S$205.84M
Circulating supply
17.56B / 24B
All-time high
S$3.060
24h volume
S$21.24M
Rating
3.7 / 5
VELOVELO
SGDSGD
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