Velo price

in TRY
₺0.55923
+₺21.8337 (+4,192.85%)
TRYTRY
Market cap
₺4.14B #169
Circulating supply
7.39B / 24B
All-time high
₺94.4176
24h volume
₺2.20B
3.7 / 5
TRYTRY
VELOVELO

About Velo

DeFi
CertiK
Last audit: Jul 17, 2021, (UTC+8)

Velo’s price performance

3 months
+28.45%
₺0.43535
30 days
+5.94%
₺0.52785
7 days
+0.87%
₺0.55435
Today
+7.39%
₺0.52074
69%
Buying
Updated hourly.
More people are buying VELO than selling on OKX TR

Velo on socials

Velo Official
Velo Official
💌 Big shoutout to our community and supporters! We just surpassed $BNB and claimed a spot in the TOP 5 for Top Trading Volume on Binance Thailand! $VELO / THB with ฿4.02M ($123,000) in 24-hour trading volume! 🫶 @Binance_TH
Velo Official
Velo Official
$VELO/THB secures the #6 spot for Top Trading Volume on Binance Thailand! Huge thanks 🥹 to the Thai Community for your amazing support! With ~฿2.27M (~$70,000) in 24-hour trading, Velo surpasses $SOL but remains behind top players like $USDT, $XRP, $BTC, $ETH, and $BNB. @Binance_TH_ 🫶
7.93K
39
0xAphelion
0xAphelion
wanted to post some velo 2.0 screenshots, but it's under embargo so legal had me redact them looking so clean 🥵😤
4.22K
8
Hedda🐽💥
Hedda🐽💥
So Alpha is here.
Show original
5.4K
33

Guides

Find out how to buy Velo
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Velo’s prices
How much will Velo be worth over the next few years? Check out the community's thoughts and make your predictions.
View Velo’s price history
Track your Velo’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Easily buy and sell Velo with your TRY

Velo FAQ

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.

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.

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.

Currently, one Velo is worth ₺0.55923. 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.
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.
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.
Check out our Velo price prediction page to forecast future prices and determine your price targets.

Dive deeper into Velo

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.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. 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. The price and performance of the digital assets are not guaranteed and may change without notice.

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. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
₺4.14B #169
Circulating supply
7.39B / 24B
All-time high
₺94.4176
24h volume
₺2.20B
3.7 / 5
TRYTRY
VELOVELO
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