Velas is a blockchain platform that is designed for a wide range of applications and is known for its scalability and security. It claims to be one of the fastest EVM blockchain, making it suitable for applications and it focuses on being energy-efficient and carbon neutral.
If you want to know more about Velas, we have got all the major details for you. Check out the functioning, performance, utility, tokenomics, price prediction, buying options, and credibility.
Let us get started!
What is Velas (VLX)?
Velas is aiming to be a powerful blockchain platform for developers and users by combining the best of Solana and Ethereum Virtual Machine. The platform stands out for its innovative dual-chain architecture.
The Ethereum Virtual Machine (EVM) offers a robust security and vast developer ecosystem. Developers who are familiar with Ethereum can easily build on Blast without needing to learn a new environment. Blast integrates high-speed processing power of Solana. This allows for near-instantaneous transactions which eliminates the congestion issues that can potentially plague Ethereum.
| Ticker Name | VLX |
| Market Cap | $26,487,658 |
| 24-hour Trading Volume | $686,479 |
| Total Supply | 2,604,230,112 |
| Chains | Ethereum Ecosystem, BNB Chain Ecosystem, Solana Ecosystem, Velas Ecosystem |
| Categories | Smart Contract Platform |
Key Factors of Velas (VLX)
Check out some of the key factors that make Velus special from the other:
- EVM Compatible: EVM compatibility is a game-changer for developers building on Ethereum. It helps effortless migration by allowing you to seamlessly migrate your existing Ethereum Smart Contracts with a single click. This could save you time and resources while you focus on the innovation.
- Lightning-Speed: If you are tired of the slow transactions of Ethereum, Velas is your perfect choice. It leverages cutting-edge technology to deliver over 75,000 transactions per second.
- Lesser Fees: With Velas, you do not have to wait in line. This way you could say goodbye to exorbitant gas fees. The platform keeps your transaction fees less. This makes Velas the most cost-effective platform for users and dApps alike.
- Decentralized: The platform is controlled by a single entity. The power lies with the token holders and the users. This fosters transparency and a community-driven ecosystem. Network security and stability are ensured while promoting energy efficiency.
- Greener Future: the platform is paving the way for a future where blockchain technology can thrive without doing any harm to the environment. By choosing Velas, you are contributing to a greener future for blockchain technology. The PoS mechanism maintains the greenery.
Token Distribution of Velas (VLX)
The native token of Velas is VLX, which powers the network as well as fuels the ecosystem. You can stake the tokens to earn rewards while fueling the fast and efficient operation of the chain. You can also participate in the governance of the platform. Check out the token distribution of Velas:
- 35.00% is for the Community Incentives
- 14.00% is for Growth Fund
- 5.00% is for Marketing
- 16.00% is for Core Team
- 18.00% is for DXP Allocation
- 10.00% is for Investors and Partners
- 2.00% is for Advisors
Future Price Prediction of Velas (VLX)
At the time of writing this, the 24-hour trading volume of VLX is $686,479 for the last 24 hours. This represents an increase of 6.70% from the previous day.
The surge indicates the rise in the market activity of VLX. As per the analysis of its performance and other technical indicators, we have made a seven-year price prediction for VLX.
Check out the future price forecast of VLX until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $0.00917 | $0.0216 | $0.0224 |
| 2025 | $0.0219 | $0.0245 | $0.0259 |
| 2026 | $0.0301 | $0.0332 | $0.0368 |
| 2027 | $0.0393 | $0.0453 | $0.0469 |
| 2028 | $0.0393 | $0.0453 | $0.0469 |
| 2029 | $0.0485 | $0.0525 | $0.0560 |
| 2030 | $0.0690 | $0.0743 | $0.0764 |
Where can you buy Velas (VLX) ?
You can easily buy and sell VLX tokens on centralized crypto exchanges and decentralized crypto exchanges. PancakSwap (v2) is the most popular exchange option for trading VLX with a trading volume $28,677.86 and the most active trading pair VLX/WBNB. HTX, UniswapV2 (ethereum), Gate.io, KuCoin, and ProBit Global are other popular choices.
How can you buy Velas (VLX)?
Once you have the financial strategy ready, you can proceed with the purchase of the VL tokens. If you are a beginner in the crypto world you can start with a small initial investment budget. Check out the step-by-step process of investing in Velas:
- Step 1: You need to create your account on the chosen exchange. You can do that using the website or application.
- Step 2: Now after the account is created, you can proceed with funding the account. Choose your convenient payment method from credit card, debit card, P2P trading, Bank transfer, and Third-party payment.
- Step 3: You can now buy Velas. You need to check Velas from the Buy & Sell options on the exchange platform.
- Step 4: Now that the purchase is done, you can transfer it to the wallet. You can now either hold it in the account or save it in your crypto wallet.
Is Velas (VLX) a credible investment option?
Velas focuses on both user and developer experience. The aim is to build a platform where excellence meets accessibility. If you are an investor ready to join an extraordinary crypto journey, Velas is a credible choice for you. It is advisable to conduct your research about the crypto project before investing. This could efficiently reduce the risk of the investment.
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