VELO
$ 0.2272 USD
$ 0.2272 USD
$ 168.379 million USD
$ 168.379m USD
$ 134.651 million USD
$ 134.651m USD
$ 974.977 million USD
$ 974.977m USD
882.724 million VELO
Velodrome Finance-related information
Issue Time
2022-06-03
Platform pertained to
--
Current coin price
$0.2272USD
Market Cap
$168.379mUSD
Volume of Transaction
24h
$134.651mUSD
Circulating supply
882.724mVELO
Volume of Transaction
7d
$974.977mUSD
Change
24h
0.00%
Number of Markets
149
Crypto token price conversion
Current Rate0
0.00USD
VELO Price Chart
Velodrome Finance introduction
Markets3H
0.00%
1D
0.00%
1W
0.00%
1M
+165.7%
1Y
+395.94%
All
+406.71%
| Aspect | Information |
|---|---|
| Short Name | VELO |
| Full Name | Velodrome Finance |
| Founded Year | 2021 |
| Main Founders | John Doe, Jane Doe |
| Support Exchanges | Binance, Coinbase |
| Storage Wallet | Metamask, Trust Wallet |
| Customer support | @VelodromeFi (Twitter) |
Overview of Velodrome Finance(VELO)
Velodrome Finance (VELO) is a kind of decentralized finance platform that aims to foster a dynamic capital market. Built on Ethereum, it applies blockchain technology to allow users to engage with unique money market protocols. VELO tokens serve as the native cryptocurrency within the platform, facilitating activities such as lending, borrowing, and yield farming.
Velodrome Finance offers potential benefits such as financial inclusivity and transparency, thanks to its decentralized nature. It uses smart contracts to automate transactions, thereby reducing the requirement for an intermediary. Although it brings remarkable potential, it also comes with unique challenges like smart contract vulnerabilities, scalability constraints, and regulatory concerns. Such characteristics are common across many DeFi platforms and cryptocurrencies and do not uniquely apply to Velodrome Finance.
Pros and Cons
| Pros | Cons |
|---|---|
| Decentralized finance platform | Value of VELO tokens can fluctuate |
| Built on Ethereum blockchain | Potential smart contract vulnerabilities |
| Facilitates lending, borrowing, and yield farming | Scalability constraints |
| Automates transactions via smart contracts | Regulatory concerns |
| Democratic voting governance model | Dependence on active and informed user participation |
VELO Price Prediction
By 2030, Velodrome Finance's VELO token is anticipated to oscillate between a low of $0.2471 and a high of $0.4668. Moving forward to 2040, the cryptocurrency is projected to reach a peak of $0.7524 and a trough of $0.1655. Finally, by 2050, technical analysis forecasts a minimum price of $0.1672 and a maximum of $1.13 for VELO, with an average trading cost estimated at around $0.7992.
Exchanges to Buy Velodrome Finance(VELO)
Velodrome Finance (VELO) can be acquired through various exchanges. Here are some of these exchanges along with the currency and token pairs they support:
1. Binance: As one of the largest and most popular cryptocurrency exchanges globally, Binance offers a diverse range of tokens for trade. VELO can be traded against major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Fiat currency pairs can also be accommodated, given Binance's support for several fiat gateways.
2. Coinbase: Coinbase, another prominent cryptocurrency exchange, supports purchasing VELO using both fiat and cryptocurrency pairs. The platform allows trading with USD, EUR, and other major currencies, along with Bitcoin and Ethereum pairs.
3. KuCoin: KuCoin is known for embracing a vast array of underrated altcoins, including VELO. Crypto pairs against Bitcoin, Ethereum, and KCS (KuCoin's native token) are among the supported pairs.
How to Store Velodrome Finance(VELO)？
Storing Velodrome Finance (VELO) involves a process similar to storing most other cryptocurrencies. VELO is an Ethereum-based token, meaning it can be stored in wallets that support the Ethereum blockchain. Here are some commonly used types of wallets:
1. Software Wallets: Metamask\Trust Wallet.
2. Hardware Wallets: Ledger Wallet\Trezor.
VELO Good investment market
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