Velas (VLX) is a cryptocurrency driven by a diverse team of mathematicians, engineers, researchers, cryptographers, and results-driven business heads. The Velas platform claims to be creating an open-sourced ecosystem of blockchain products and services. Velas aims to merge the finest qualities of both decentralized and centralized solutions. The process includes researching state-of-the-art cryptography, creating consensus protocols, and developing intuitive user interfaces. These interfaces aim to allow enterprises, developers, and people globally to build and join a transparent, effortlessly accessible, and community-governed ecosystem for Web3.

As suggested by the whitepaper, Velas realized the social needs and strived to become the industry standard. The platform is developed to become a blockchain suited for thousands of services and applications to be built upon. Therefore, it is designed to be one of the industry's fastest and most secure platforms. The platform's mission is to develop and combine world-changing technology services and products to improve people's lives worldwide and make the world free of the internet again—like it was before. The innovations and technologies help build a decentralized, self-governed future operated by the community's collective intelligence.

VLX token is native to the Velas platform. The platform's tokenomics is based on DPoS (delegated proof of stake) economics that delivers participants with favorable situations for interaction and encourages them to function for the usefulness of the network. To become a validator, the trader should have at least one million VLX tokens. To become a delegator, the trader should have at least 1 VLX. DPoS delivers the chance for delegators to vote on possible validators by staking tokens on them and improving their probabilities of becoming validators.

In 2019, Velas was founded. The founding team includes Roman Cherednik as the chief technology officer and Andrey Stehno as the CPO. Velas has a total supply of 2,229,737,314 VLX coins.

We update our Velas to GBP currency in real-time. Get the live price of Velas on Coinbase.

The current market cap of Velas is £2.121M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Velas is £0.3893. This all-time high is highest price paid for Velas since it was launched.

Over the last 24 hours, the trading volume of Velas is £2.897K.

Assets that have a similar market cap to Velas include Karrat, NVIDIA Tokenized Stock (Reality), Coinbase Tokenized Stock (Reality), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Velas is 2.8 billion.