What Is Velaspad (VLXPAD)?

Velaspad is built on top of the Solana codebase and features a custom-built AI-fueled proof-of-stake (AIDPOS) consensus system. The Velaspad is created for the next generation of decentralized applications (DApps).

Velaspad is a virtual expanding autonomous system that seeks to automatically respond and adapt to changes in network load so that all applications experience a consistent and optimized experience. VLXPAD is the native token of the Velaspad project. VelasPad's main deflationary mechanisms include a 10% fee on all token sales (transaction orders) and a 25% fee on early unstaking.

Transaction fee distribution is as follows: 7.5% is rewarded to stakers in VLX. The remaining 2.5% is burned forever. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

Fees associated with early unstaking: There will be the option to unstake early at a 25% burn rate. In contrast, there is no fee if users wait eight weeks to unstake. VLXPAD has multiple deflationary mechanisms, including burn fees and transaction fee redistribution. Burning a cryptocurrency occurs when sent to an account that can only accept it.

Velaspad aims to represent a potent asset to VLXPAD token holders and its special projects. Moreover, the platform seeks to feature the tried-and-tested anti-bot and trader-first liquidity systems, cross-chain bridges, and proven staking systems. The project aims to ensure that its backers and participants enjoy stable long-term growth through several deflationary triggers tied to transactions, staking, and IDO (initial DEX offering) participation.

Based on its ability to support more than 50,000 transactions per second (tps), as well as its ability to support smart contracts written in multiple languages, Velaspad aims to be uniquely positioned to host mass-market blockchain-powered applications.

The mission of VelasPad is to finance and support the development of new blockchain projects.

The BlueZilla ecosystem of products includes VelasPad, an open-source project management tool that provides extensive possibilities for cross-platform integrations and partnerships.

History of Velaspad (VLXPAD)

The Velaspad has a maximum total supply of 1,000,000,000 VLXPAD tokens.