VELO
Reputation Ratings

VELO

Velo
Crypto
Coin
Token
Website https://velo.org/
Browser
OTH RELPs
Github
White Paper
VELO Avg Price
+11.06%
1D

$ 0.031972 USD

$ 0.031972 USD

Market Cap

$ 221.899 million USD

$ 221.899m USD

24h trading volume

$ 57.265 million USD

$ 57.265m USD

7d Vol

$ 505.319 million USD

$ 505.319m USD

Circulating supply

7.3904 billion VELO

Velo-related information

Issue Time

2000-01-01

Platform pertained to

--

Current coin price

$0.031972USD

Market Cap

$221.899mUSD

Volume of Transaction

24h

$57.265mUSD

Circulating supply

7.3904bVELO

Volume of Transaction

7d

$505.319mUSD

Change

24h

+11.06%

Number of Markets

96

Github Messages

More

Warehouse

Marvin Froeder

Github's IP Address

[Copy]

Codebase Size

169

Last Updated Time

2020-12-03 20:06:15

Language Involved

--

Agreement

--

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VELO Price Chart

Velo introduction

Markets

3H

-1.8%

1D

+11.06%

1W

-4.85%

1M

+82.87%

1Y

+732.06%

All

+23.61%

AspectInformation
Short NameVELO
Full NameVELO Token
Founded Year2019
Main FoundersChatchaval Jiaravanon and Tridbodi Arunanondchai
Support ExchangesBinance, KuCoin, OKEx, and Huobi
Storage WalletMetamask, Trust Wallet, Ledger

Overview of VELO

VELO is a type of cryptocurrency token. Established in 2019 by founders Chatchaval Jiaravanon and Tridbodi Arunanondchai, the VELO token operates within the wider digital asset market. VELO tokens are openly traded on widely used cryptocurrency exchanges like Binance, KuCoin, OKEx, and Huobi. For storage purposes and ensuring the security of these tokens, individuals can utilize various digital wallets, such as Metamask, Trust Wallet, and Ledger.

Overview
Main Founders

Pros and Cons

ProsCons
Supported by well-known exchangesPrice volatility inherent to cryptocurrencies
Accessible storage via popular digital walletsSubject to regulatory changes
Established foundersHigh competition in the cryptocurrency market

VELO Price Prediction

Over the coming decades, VELO's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.009315 and $0.8041. In 2040, our forecast suggests VELO could reach a peak price of $0.7756, with a potential minimum around $0.3644.Looking ahead to 2050, technical analysis indicates that VELO's price could range from $0.0002517 to $2.54,with an estimated average trading price of about $2.02.

What Makes VELO Unique?

VELO's innovation lies in its unique financial protocol designed to facilitate borderless asset transfers and digital credit issuance. Specifically, the VELO Protocol acts as a bridge between digital credits and real-world assets, enabling businesses to issue digital credits that can be securely, affordably, and quickly transferred across borders.

One of the distinguishing features of VELO compared to other cryptocurrencies is its two-token system, which includes VELO tokens and digital credits. VELO tokens are used for staking in the VELO network and serve as a kind of insurance to guarantee the value of the issued digital credits. This is particularly novel as it creates inherent stability within the system.

Moreover, VELO is backed by the Stellar Network, a known blockchain platform for facilitating low-cost, cross-border transactions. This affiliation enhances the speed and reduces the cost of transactions, differentiating VELO from some other cryptocurrencies not linked to such platforms.

How Does VELO Work?

VELO operates on a protocol that leverages a two-token system comprising VELO Tokens and Digital Credits. VELO Tokens are the protocol's native digital asset, which Trusted Partners can use for staking on the VELO network. The process of staking involves VELO Tokens being used as collateral to mint Digital Credits.

A unique aspect of VELO's approach is that its Digital Credits are tethered to any real-world asset, such as fiat currencies or commodities. For instance, a Digital Credit could be pegged to the US Dollar or to gold, providing real-world value and stability within the digital ecosystem of VELO.

When a Trusted Partner stakes VELO Tokens, they can issue an equivalent value of Digital Credits, which can be used for frictionless cross-border remittances. The transfer of value using Digital Credits is efficient, secure, and cost-effective, facilitated by the underlying blockchain technology.

Circulation

Exchanges to Buy VELO

1. Binance: A popular global cryptocurrency exchange known for its large variety of supported coins. Binance may offer VELO in pairs such as VELO/USDT, VELO/BTC and others based on market conditions.

2. KuCoin: A known international cryptocurrency exchange. KuCoin might offer VELO in pairings with USDT, BTC, and possibly ETH.

3. Huobi: A Singapore-based global cryptocurrency exchange, which supports multiple cryptocurrencies. Huobi might list VELO with pairs like VELO/USDT or VELO/BTC.

4. OKEx: An established Malta-based cryptocurrency exchange. OKEx may offer trading pairs like VELO/USDT and VELO/BTC.

5. MXC: Known for its user-friendly interface, MXC could support VELO trading pairs such as VELO/USDT.

Exchanges

How to Store VELO?

1. Software Wallets: These wallets can be installed on a computer or smartphone. They are beneficial in that they give users full control over their private keys and thus their cryptocurrency assets. Examples of software wallets compatible with VELO might include StellarTerm and Interstellar.

2. Web Wallets: These are accessible through a web browser and provide convenience and user-friendly interfaces. However, they commonly hold custody of users' private keys, which could be a security concern for some. Metamask and MyEtherWallet are examples of this kind of wallet but it's prudent to verify their compatibility with VELO.

3. Hardware Wallets: These are physical devices that securely store the user's private keys offline, providing a high level of protection from online threats. Ledger Nano S, Ledger Nano X, or Trezor might be used to store VELO tokens, although it's always best to confirm compatibility.

Should You Buy VELO?

The decision to buy VELO token, or any cryptocurrency, should always be based on personal due diligence and in line with individual financial goals. Here's a general analysis of who might consider buying VELO:

1. Experienced Crypto Traders/Investors: People who are already familiar with cryptocurrency trading and investing may consider including VELO in their portfolios. They generally understand the volatility, risks, and potential rewards associated with cryptocurrencies.

2. Risk-Tolerant Investors: As with all cryptocurrencies, investing in VELO carries significant risk, including the potential loss of the entire investment. Therefore, VELO might suit investors who are willing to undertake such risks for the potential of higher returns.

3. Blockchain Technology Enthusiasts: Those with an interest in the blockchain technology and its applications might find VELO intriguing due to its unique protocol features for borderless asset transfers and digital credit issuance.

4. Diversifying Investors: Investors looking to diversify their portfolios with varied asset classes may consider cryptocurrencies like VELO.

Velo User Reviews

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14 ratings

Participate in evaluation
Muhamad Syahir
The historical price performance of VELO has been inconsistent, leaving investors unsure of its long-term potential. Concerns about volatility and risk have overshadowed any potential rewards.
2024-06-18 12:32
0
Mas Hanz
The potential of VELO Volatility in the long term is uncertain, with fluctuations in price history and high risk levels. However, there may be some opportunities for growth in the future.
2024-05-27 13:57
0
Prananda
The security vulnerabilities in VELO's history are concerning, impacting community trust. It's crucial for the team to address these issues promptly.
2024-05-01 07:22
0
Fabrice Benoit
Compared to its peers, VELO falls short in differentiation and market potential. Its competitive landscape is lackluster and uninspiring.
2024-04-04 16:41
0
Mazhar Shafi
The project lacks transparency and innovation compared to its competitors, leaving investors uncertain about its long-term potential.
2024-03-20 13:09
0
Mas Hanz
The developer support content from the community lacks depth and engagement, leaving many feeling disconnected and frustrated. Community involvement and communication are lacking, hindering potential growth and success.
2024-03-13 14:00
0
Bobby Nguyen
The utility market demand for VELO is lacking in practical application and market relevance. It shows potential but struggles with adoption and developer engagement. There are concerns about security and regulatory uncertainty. Competing with similar projects may be challenging. The community is passionate but lacks cohesion and communication. Price volatility is a major risk factor. The project's value and liquidity are questionable.
2024-04-19 12:45
0
Kartik Beleyapan
Average real-world utility with potential for growth and market demand. The team has a solid reputation and transparent track record. However, there are concerns about security and regulatory uncertainties. Comparison with similar projects is needed for differentiation. Overall, VELO shows promise but faces challenges in community engagement and price volatility.
2024-03-16 14:52
0
Iko Chiko
The consensus mechanism of VELO Technology showcases impressive innovation and scalability, offering potential solutions to market demands with a strong community backing and transparent team. Exciting prospects with notable security measures and competitive edge in the crypto space.
2024-04-27 15:32
0
Brendan
The security audit reports for VELO show thorough analysis and detailed findings, instilling confidence in the platform's robustness. High quality and reliable insights, paving the way for a secure ecosystem.
2024-03-09 12:08
0
Bright John
The current regulatory landscape surrounding VELO is dynamic and uncertain, with potential impacts looming on the horizon. Emotions run high as the community navigates through the challenges ahead, seeking clarity and guidance.
2024-05-02 09:52
0
Sam79384
Exciting developments in blockchain technology and consensus mechanisms, promising real-world applications and strong team transparency. Growing community engagement and potential for long-term value amid market volatility.
2024-04-25 15:21
0
Chong Shih Siang Delvin
Innovative blockchain technology, strong team reputation, growing market demand, active developer community, sustainable tokenomics, robust security measures, positive regulatory outlook, competitive differentiation, supportive and engaged community, promising long-term potential.
2024-03-19 14:12
0
Dung Vu Van
Great potential for long-term growth with solid technical foundations, strong community support, and impressive team experience. Exciting market demand and competitive edge set VELO Volatility apart from others. Promising economics and security measures ensure a bright future despite regulatory challenges.
2024-03-15 13:27
0