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What is Velas (VLX)?

Velas basic info

Name:Velas

Ticker:

VLXBuy now

Introduction:

What is Velas?

Velas is a blockchain that offers a platform for the creation and execution of smart contracts and decentralized applications (dApps). It has the capacity to handle up to 75,000 transactions per second, providing a high level of security and efficiency at a low cost. The Velas ecosystem comprises a variety of decentralized products developed on its chain, with the goal of delivering a user-friendly experience of open-source, decentralized products. The Velas coin (VLX) is utilized for transactions, payments, fees, and supporting the Proof-of-Stake consensus mechanism.

How does Velas Work?

Velas is a blockchain that utilizes a Delegated Proof of Stake consensus (DPoS) to provide favorable conditions for participants and encourage them to act in the network's best interest. It supports all smart contracts and dApps built on the Ethereum stack, enabling instant and low-cost transactions. The Velas blockchain implements an innovative time architecture, transaction processing mechanism, and consensus model that aims to be more efficient than other blockchains. It also includes features like Velas Account, a passwordless solution for interacting with blockchain apps, and Velas Vault, a solution for storing secrets and private keys.

Velas aims to support a wide range of use cases, including high-performance dApps focused on user privacy and flexibility, decentralized finance solutions, and NFT art. It also seeks to facilitate the creation of decentralized exchange solutions, metaverse projects, load-resistant marketplaces, and play-to-earn game concepts. The Velas blockchain is designed to be environmentally friendly, based on an energy-efficient DPoS mechanism, making it a potential choice for eco-conscious projects.

What is the VLX Token?

Velas coin (VLX) serves as a means of transaction, payment, and fee payment, as well as supporting the Proof-of-Stake consensus. Staking enables block producers, including validators and their delegators, to provide transaction consensus and receive staking incentives for honest block production.

Current price:

$0.01673More price details

All-time high:$0.5720

All-time low:$0.004011

VLX supply and tokenomics

Circulating supply:2,656,418,800 VLX

Total supply:2,656,418,831.16 VLX

Max supply:0 VLX

Market cap:$44.45M

Fully diluted market cap:$44.45M

Links

Website:https://velas.com

Whitepaper:https://drive.google.com/file/d/1gPxFKW8wSRF_iQY5fu4fV-Il33psyA-u/view

X:https://twitter.com/VelasBlockchain

GitHub:https://github.com/velas

Buy Velas for $1Buy VLX now

What is the development prospect and future value of VLX?

The market value of VLX currently stands at $44.45M, and its market ranking is #648. The value of VLX is not widely recognized by the market. When the bull market comes, the market value of VLX may have great growth potential.

As a new type of currency with innovative technology and unique use cases, VLX has broad market potential and significant room for development. The distinctiveness and appeal of VLX may attract the interest of specific groups, thereby driving up its market value.

What will the price of VLX be in 2025?

Based on VLX's historical price performance prediction model, the price of VLX is projected to reach $0.02593 in 2025.

What will the price of VLX be in 2030?

In 2030, the VLX price is expected to change by -5.00%. By the end of 2030, the VLX price is projected to reach $0.02781, with a cumulative ROI of +62.54%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of VLX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

VLX price VLX price prediction VLX news

Is VLX worth investing or holding? How to buy VLX from a crypto exchange?

If you want to buy VLX, the following information may be helpful for your investment decisions:

In the last 7 days, the price of VLX has fallen by -6.88%, leading to negative returns for most VLX investors. The market is currently pessimistic about the price trend of VLX.

It is important to note that the current price of VLX has retreated by -97.07% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether VLX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in VLX or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of VLX, if you want to buy or sell VLX, you can consider Bitget for your trading needs. The best place to buy VLX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Velas has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Velas. Here's a step-by-step guide on how to buy Velas on Bitget.

Buy VLX now Coin buying guide

How to get Velas through other methods？

Using cash to buy Velas is not the only way to obtain Velas. If you have the time to spare, you can get Velas for free.

Learn how to earn Velas for free through the Learn2Earn promotion.

Earn free Velas by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Velas airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Velas through Bitget Convert, Bitget Swap, or spot trading.

What is Velas used for and how to use Velas?

The use case of Velas may expand as the crypto market and the project itself develop. Currently, you can use VLX to achieve the following goals:

Arbitrage by trading VLX: Since VLX is a frequently traded cryptocurrency, the price of VLX is always fluctuating. Earn more VLX by buying low and selling high on the exchange. Bitget spot market provides a variety of VLX trading pairs to fully meet your needs.

Earn by staking VLX: You can also generate income through financial management methods such as staking VLX or lending VLX. Bitget Earn offers a variety of financial products designed to help you earn more income from your VLX.

Send or pay VLX: If you want to give VLX to your friends, a charity, or a fundraiser, or you want to pay someone with VLX, you can quickly and easily send VLX to the recipient through their payment address.

You can also go to the official website of the Velas project to learn more about the use cases of VLX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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