What is Velas (VLX)? Blockchain Solutions for Gaming, DeFi and NFTs

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Bittime - Velas (VLX) is a newcomer to the blockchain world that has attracted the attention of many investors. The platform offers innovative solutions to some of the major problems facing blockchain today, including speed, scalability, and cost.

What is Velas (VLX)?

Velas (VLX) is the world's fastest hybrid EVM (Ethereum Virtual Machine) and eBPF blockchain. The platform is capable of processing up to 75,000 transactions per second at very low costs. Velas is designed to be an ideal platform for a variety of decentralized applications (dApps), including blockchain gaming, decentralized finance (DeFi), and NFT markets.

Velas (VLX) Key Products & Features

• Hybrid EVM & eBPF Blockchain: Velas combines the power of EVM and eBPF to deliver a fast, scalable, and secure platform.
• AI Trust Machine: Velas' AI engine helps prevent fraud and improves platform security.
• Velas Vault: A secure, non-custodial wallet to store your crypto assets.
• Velas DEX: A decentralized exchange for trading crypto assets.
• Velas Launchpad: Launch platform for new blockchain projects.

What Are VLX Tokens?

Velas (VLX) is the native token of the Velas blockchain. These tokens are used for various purposes, including:

• Paying transaction fees: VLX is used to pay transaction fees on the Velas blockchain.
• Staking: VLX can be staked to earn rewards and help secure the network.
• Governance: VLX holders can participate in Velas governance and vote on important proposals.

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Velas Tokenomics (VLX)

• Market Cap: IDR 669,849,594,386 VLX (as of 22 February 2024) 
• Maximum Supply: 2,560,172,440 VLX
• Circulating Supply: 2,560,172,440 VLX
• Token Distribution:
  • 30% - Public Sale
  • 25% - Team & Advisors
  • 20% - Staking & Rewards
  • 15% - Ecosystem & Development Fund
  • 10% - Reserve

Velas (VLX) Fundamental Analysis

• Velas has an experienced and talented team with a proven track record in the blockchain industry.
• The Velas (VLX) platform has been audited by leading security company, CertiK.
• Velas has established partnerships with several leading blockchain companies, including Chainlink and Band Protocol.

Comparison of Velas (VLX) & Competitors

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Founder & Team Velas (VLX)

• Alex Alexandrov - CEO & Co-Founder
• Farkhad Shagulyamov - CTO & Co-Founder
• Mihail Belyaev - CMO & Co-Founder

Expert Opinion About Velas (VLX)

Many experts believe that Velas has great potential to become one of the leading blockchains in the world. The platform offers innovative solutions to some of the major problems facing blockchain today, and the Velas team has a proven track record in the blockchain industry.

Velas (VLX) Conclusion

Velas is a super-fast blockchain with a bright future. The platform offers innovative solutions to some of the major problems facing blockchain today, and the Velas team has a proven track record in the blockchain industry. 

Velas (VLX) is an interesting token to consider for investors looking for exposure to the next generation of blockchain.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.