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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)
Velas is on the decline this week.
The price of Velas has fallen by 11.22% in the past 7 days. The price increased by 2.04% in the last 24 hours. In just the past hour, the price shrunk by 0.27%. The current price is $0.042053 per VLX. Velas is 92.62% below the all time high of $0.57.
The current circulating supply is 2,320,448,646.941 VLX.
Velas on social media.
Velas was mentioned in 3,676 out of 1,843,900 social media posts on Twitter and Reddit on Jun 30, 2022. 4,341 unique individuals are talking about Velas and it is ranked #56 in most mentions and activity from collected posts.
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Comparable market cap
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