VELO
VELO

Velo price

$0.019414
+$0.000070000
(+0.36%)
Price change from 00:00 UTC until now
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Market info
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Velo market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$143.32M
Circulating supply
7,390,475,595 VELO
Market cap ranking
197
24h high
$0.020042
24h low
$0.018405
All-time high
$2.3620

Velo price performance in USD

The current price of Velo is $0.019414. Since 00:00 UTC, Velo has increased by +0.36%. It currently has a circulating supply of 7,390,475,595 VELO and a maximum supply of 23,999,922,642 VELO, giving it a fully diluted market cap of $143.32M. At present, the Velo coin holds the 197 position in market cap rankings. The Velo/USD price is updated in real-time.
Today
$0.000070000
+0.36%
7 days
$0.0025100
+14.84%
30 days
$0.0068580
+54.61%
3 months
$0.0037990
+24.32%

About Velo (VELO)

3.8/5
Certik
4.1
11/30/2024
CyberScope
3.6
12/01/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Velo (VELO) is a financial protocol built on blockchain technology, empowering businesses with seamless cross-border asset transfers and digital credit issuance. With the native currency, VELO, at its core, the platform aims to revolutionize the international remittance landscape by providing a secure and efficient solution for global transactions.

What is Velo

Using smart contracts, Velo streamlines credit issuance and facilitates cross-border transactions, bridging the gap between legacy finance, centralized finance (CeFi), and decentralized finance (DeFi. The platform incorporates a network of nodes to optimize payment processing, reducing costs and enhancing transaction speeds.

The network's native token, VELO, plays a pivotal role in maintaining and operating the Velo network. It is a medium of exchange within the ecosystem and acts as a collateral asset.

The Velo team

Velo, founded by Velo Labs Technology Ltd in 2020, is a blockchain-based platform incorporated in the British Virgin Islands. The Chairman, Chatchaval Jiaravanon, brings a wealth of experience from his 14-year tenure as Chairman of Finansia Syrus Securities. The Velo team is a group of highly experienced professionals with background in tech and financial industries. Velo's success has attracted prominent global partners, including Visa, Asia Digital Bank, and Signum Capital.

How does Velo work

The Velo Protocol functions as a financial system that issues digital credits tied to fiat currencies, with VELO tokens as collateral. This ensures a constant 1:1 value ratio between the digital credits and fiat. The protocol consists of two main parts:

  • Digital Credit Issuance Mechanism: This mechanism generates digital credits linked to any fiat currency by staking VELO tokens in collateral pools.
  • Digital Reserve System: The system automatically rebalances VELO token collateral pools to maintain a 1:1 value ratio between issued digital credits and their corresponding fiat currency.

The utility token of the Velo Ecosystem: VELO

VELO serves multiple purposes within the network. It acts as a medium of exchange, allowing users to transact and transfer value across the Velo network. Furthermore, VELO holders have governance rights, allowing them to participate in the decision-making process of the protocol.

VELO tokenomics

VELO serves a dual role within the Velo ecosystem. Firstly, it serves as collateral, safeguarding the digital credit issuances made by the Trusted Partner Networks (TPNs). Secondly, VELO is a bridge currency, facilitating seamless and efficient cross-border transactions.

With a total supply of 23,999,997,461 VELO tokens and a circulating supply of 7,390,475.595 tokens, the distribution of these tokens has been carefully planned to involve various stakeholders and purposes, including founders, investors, community initiatives, and ecosystem development, ensuring a diverse and inclusive allocation across the Velo network.

VELO use cases

  • Cross-border remittances: Velo is primarily designed to enable fast and cost-effective cross-border remittances. Trusted partners in the Velo network can leverage the VELO token to facilitate cross-border transfers.
  • Digital credit issuance: Velo enables its trusted partners to issue digital credits, which can be customized to suit the specific needs of their customers. These digital credits can be used for various purposes, such as online purchases, digital asset trading, and lending.

VELO distribution

The initial distribution of VELO tokens is as follows:

  • 40 percent is allocated to community funds
  • 20 percent is for the team and advisors
  • 20 percent of tokens are for the ecosystem partners
  • 20 percent is for the foundation

Velo: The road ahead

The Velo team has ambitious plans for the future, aiming to expand the ecosystem, enhance accessibility, and increase versatility. In their roadmap, they have outlined the addition of several exciting features, including an NFT marketplace, a lending and borrowing platform, and a decentralized exchange (DEX). These new functionalities will significantly enhance the utility of the Velo ecosystem, providing users with a comprehensive financial experience.

Moreover, Velo is committed to developing user-friendly tools and interfaces, making the platform easy to use for users of all experience levels. By prioritizing user experience and interface design, Velo seeks to ensure that its ecosystem remains accessible and user-friendly.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 5.5K new posts about Velo, driven by 734 contributors, and total online engagement reached 4.3M social interactions. The sentiment score for Velo currently stands at 79%. Compared to all cryptocurrencies, post volume for Velo currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Velo.
Powered by LunarCrush
Posts
5,543
Contributors
734
Interactions
4,344,175
Sentiment
79%
Volume rank
#0

X

Posts
4,692
Interactions
958,920
Sentiment
81%

VELO FAQ

What are the benefits of using Velo?

The Velo Protocol aims to provide efficient and cost-effective financial services, bridging the gap between traditional and decentralized finance. By enabling the issuance and transfer of value-linked digital assets, it offers solutions for global financial inclusion and secure value transfer across borders.

Should I buy VELO tokens? 

As with any financial decision, whether or not to buy VELO tokens depends on your personal goals and risk tolerance. Before making any purchase, conducting thorough research, assessing the project's fundamentals, and considering market conditions are essential. It is advisable to consult with a financial advisor to make informed decisions based on your individual circumstances and objectives.

Where can I buy VELO tokens?

Easily buy VELO tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the VELO/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for VELO with zero fees and no price slippage by using OKX TR Convert.

How much is Velo worth today?
Currently, one Velo is worth $0.019414. For answers and insight into Velo's price action, you're in the right place. Explore the latest Velo charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Velo, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Velo have been created as well.
Disclaimer
The content on this platform ("Content"), is sourced from external parties and sources not affiliated with OKX TR. OKX TR does not endorse or guarantee the accuracy, reliability, or suitability of the Content , and we are not responsible or liable for any errors, delays, or inaccuracies. The Content, including any external links, are for general informational purposes only and is not intended to provide (i) investment advice; (ii) a recommendation, offer, or solicitation to buy, sell, or hold any crypto asset or to engage in any specific trading strategy; or (iii) investment, financial, accounting, legal, or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, and their value can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult a legal, tax, and/or investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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