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Velas

VLX

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Trade Velas on DEX

Velas can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

Market

Market stats

Market cap

$19.8M

Volume (24h)

$560,729.81

Circulating supply

2.5B VLX

All time high

$0.57

Price change (1h)

-0.25%

Price change (24h)

-5.13%

Price change (7d)

-10.89%

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Velas is on the decline this week.

The price of Velas has fallen by 10.89% in the past 7 days. The price declined by 5.13% in the last 24 hours. In just the past hour, the price shrunk by 0.25%. The current price is $0.0079 per VLX. Velas is 98.61% below the all time high of $0.57.

The current circulating supply is 2,503,226,520.705 VLX.

Ratings

Average ratings from the community

5.0 out of 5

60 ratings

Community

4.9

(20)

Roadmap

5.0

(20)

Usefulness

5.0

(20)

About

What Is Velas (VLX)?

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.

History of Velas (VLX)

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.

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Reading List

News

Unchained • Sep 21, 23

a16z Backs $33M Raise for Blockchain Game Studio Proof of Play

Proof of Play, a decentralized game studio and blockchain technology company, has raised $33 million in a seed round co-led by Andreessen Horowitz (a16z) general partner Chis Dixon and Greenoaks founder and managing partner Neil Mehta, according to a press release provided to Unchained. The funds will help Proof to ... The post a16z Backs $33M Raise for Blockchain Game Studio Proof of Play appeared first on Unchained Crypto.

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TechCrunch • Sep 21, 23

Former a16z execs launch Bastion

Bastion launched a suite of products so companies can integrate web3 infrastructure into their existing enterprise technologies.

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Fortune • Sep 21, 23

Google Cloud to provide developers access to data on 11 more blockchains, including Polygon, Tron, and Arbitrum

The cloud provider will also add data on Ordinals, non-fungible tokens minted on the Bitcoin blockchain, to its available datasets. The cloud provider will also add data on Ordinals, non-fungible tokens minted on the Bitcoin blockchain, to its available datasets.

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The Block • Sep 21, 23

Polygon Labs proposes facilitating Celo’s migration to Ethereum Layer 2 with CDK

Polygon Labs offered the Celo community a proposal to integrate its Chain Development Kit for the transition to Ethereum Layer 2.

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The Block • Sep 21, 23

Friend.Tech rival Post.Tech activity picks up with $1.8 million in daily volume

Crypto social media sites offering gated channels are gaining popularity — with a new version on Arbitrum taking off.

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Decrypt • Sep 21, 23

Bitcoin Pioneer Hal Finney Explains ZK Proofs in Rediscovered Footage

A video has resurfaced showing the late software developer and Bitcoin pioneer Hal Finney explaining zero-knowledge protocols in the 1990s.

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FAQ

What is the current price of Velas?

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

What is the market cap of Velas?

The current market cap of Velas is $19.77M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Velas?

The all-time high of Velas is $0.57. This all-time high is highest price paid for Velas since it was launched.

What is the 24 hour trading volume of Velas?

Over the last 24 hours, the trading volume of Velas is $560.73K.

What other assets are similar to Velas?

Assets that have a similar market cap to Velas include Wing Finance, Namecoin, Maple, and many others. To see a full list, see our comparable market cap assets.

How many Velas are there?

The current circulating supply of Velas is 2.5 billion.

Can I buy Velas on Coinbase?

Yes, Velas is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Velas guide.