What is Velo?
The Velo token or VELO is a utility token powering the Velo Protocol.
VELO is necessary to join the Velo ecosystem. It’s deployed on the Stellar blockchain.
They can be acquired via major supported exchanges. You can find our recommended exchange list in the section above.
There is a max cap of 30,000,000,000 VELO tokens which makes the VELO supply deflationary. This could mean that as the VELO tokens become more scarce, the VELO price will increase.
Velo tokens have been distributed as follows:
- 23% - Development Reserve;
- 18% - Market Development;
- 18% - Future Development;
- 17% - Reserve;
- 10% - Founders;
- 8% - Team & Early Supporters;
- 5% - Private Placement;
- 1% - Exchange Listing.
If you need more detailed information, you can check out the VELO price graph above. In addition to the current price, the graph will provide you with an in-depth look at the VELO price history and its tendencies.
What are the Main Features of Velo?
Velo is a blockchain project aimed at providing a decentralized payment network powered by digital credits. These digital credits are backed by collateral.
The project itself is running on Velo Protocol.
One of the primary goals of the project is to greatly improve the processes of international payments by utilizing blockchain technologies.
Who Developed Velo?
The whitepaper behind the Velo crypto project was published in mid-2020 by Velo Labs. The latter is a blockchain-based company led by Mike Kennedy and James Wu who take on the roles of CEO and CTO respectively.
Velo has managed to put together a solid team of advisors from various sectors including Je McCaleb from Stellar, John Ng Pangilinan from Signum Capital, and Paul
Veradittakit from Pantera Capital as well as academics prof. David Mazières and prof. Robert Townsend.
