Velodrome Finance is the next-generation Automated market Maker (AMM). It is built on the Optimism network. It draws its inspiration from established AMMs like Curve, Convex, and Uniswap. The project aims to offer the users with comprehensive liquidity solutions.
Do you wish to know more about Velodrome Finance? We have got all the crucial information you need to know before investing. Check out for the functionalities, performance, tokenomics, future price prediction, buying options, investing process, and credibility.
Let us explore Velodrome Finance:
What is Velodrome Finance(VELO) ?
Velodrome Finance is built on the Superchain, a centralized platform for trading and managing liquidity across different cryptocurrencies. Velodrome Finance aims to be the platform to become a central marketplace for liquidity within the ecosystem.
Holders of the Velodrome NFTs can participate in voting on token emissions and potentially earn rewards generated by protocol fees and incentives. It serves as the core liquidity hub for the Superchain ecosystem, facilitating efficient token swaps and managing liquidity for various assets.
| Ticker Name | VELO |
| Market Cap | $76,555,937 |
| 24-hour Trading Volume | $19,864,880 |
| Total Supply | 1,699,471,248 |
| Max Supply | 1,699,471,248 |
| Chains | Optimism Ecosystem |
| Categories | Decentralised Exchange |
Key Factors of Velodrome Finance (VELO) :
VELO is an ERC-20 token. It is used for the utility of the protocol. The token is used to reward the liquidity providers. There are multiple benefits to choosing Velodrome Finance. Here are some of the key benefits of the cryptocurrency:
Tokenomics of Velodrome Finance (VELO)
- Check out the token allocation of VELO.
- 60% is for the Community
- 24% is for the Partner protocol/DAOs
- 10% is for the Velodrome Team
- 5% is for the Optimism Team
- 1% is for the Genesis Liquidity Pool
Future Price Prediction of Velodrome Finance (VELO) :
Check out the price prediction of the crypto to make your financial strategy. At the time of writing this, the 24-hour trading volume of VELO is $19,645,176 for the past 24 hours. This represents an increase of 1,001.60% from the previous day.
The surge indicates a rise in the market activity of VELO. As per our analysis of its performance, and other technical indicators, we have made a seven-year price prediction for VELO.
Check out the future price forecast of VELO until 2030:
| Year | Minimum Price Prediction | Average Price Prediction | Maximum Price Prediction |
|---|---|---|---|
| 2024 | $2.03 | $3.35 | $4.87 |
| 2025 | $3.73 | $5.92 | $8.11 |
| 2026 | $5.68 | $6.49 | $7.30 |
| 2027 | $2.60 | $3.89 | $5.19 |
| 2028 | $3.57 | $5.03 | $6.49 |
| 2029 | $6.16 | $10.38 | $14.60 |
| 2030 | $12.98 | $15.41 | $17.84 |
Where can you buy your Velodrome Finance (VELO) ?
You can easily buy and sell VELO tokens on centralized crypto exchanges. Bitget is the most popular exchange option for trading VELO. The trading volume of VELO is $232,136 for the past 24 hours with the most active trading pair VELO/USDT.
Coinbase Exchange, OKX, Bitget, Gate.io, and Bitrue are some of the other popular options for trading VELO. You can choose the exchange by comparing the options like trading fees, customer support, and reliability.
How can you buy Velodrome Finance (VELO) ?
Are you excited to own Velodrome Finance? We will guide you out. Check out the steps of being a part of the Velodrome Finance community:
- Step 1: Account Creation: To invest in VELO, you need an account on the cryptocurrency exchange platform. This platform acts as the place where you can buy and sell digital assets.
- Step 2: Funding the Account: After selecting the exchange and creating your account, you need to choose a funding method to buy Velodrome Finance. Some of the common payment methods include Bank Transfer, Credit Card, Debit Card, and P2P trading.
- Step 3: Buying Velodrome Finance: After you have funded the exchange account, you can proceed with buying the crypto. The steps might be different depending on the platform you choose.
- Step 4: Store your Velodrome Finance: After the purchase is done, you can either keep it in the wallet provided by the exchange or transfer it to the personal crypto wallet.
Once the steps are completed, you can own the Velodrome Finance. If you are a beginner, this is your entry point to the world of Velodrome Finance crypto.
Is Velodrome Finance(VELO) a credible investment option?
You can trade smartly with Velodrome Finance. It aims to minimize spillage which ensures that you get the most out of your token swaps. You can enjoy lower fees from which a portion goes to the VELO token lockers. This incentivizes participation in the ecosystem.
If you are a beginner or a seasoned investor, Velodrome Finance is a credible option for your investment.
Crypto investments are subjected to market risks. The volatile nature of the market can affect your investment. It is advised to do your research before investing in any crypto project.
Read more: DollarMoon Crypto (Solana) Price Prediction 2024 – 2030, Where To Buy.
