The current real-time price of VELO is $0.0058. In the past 24 hours, VELO has traded between $0.0058 and $0.0059, showing strong market activity. The all-time high of VELO is $2.29, and the all-time low is $0.0010.
From a short-term perspective, the price change of VELO over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is -2.19%. These figures provide a quick overview of the latest price trends and market dynamics of VELO on LBank.-2.50%
The live price of VELO today is $0.0058, with a current market cap of $102.028M. The 24-hour trading volume is 10M. The price of VELO to USD is updated in real time.
Before deciding whether to buy or sell VELO, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s VELO technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for VELO.
How much will VELO be worth tomorrow, next week, or next month in ? What about your VELO assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! VELO Price Prediction
To learn more about VELO, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xeb5c...c14efd  | 9.649B | 40.21% |
binance-smart-chain | 0x0e10...bc6e6e | 2.637B | 10.99% |
binance-smart-chain | 0x4759...987e9c | 979.972M | 4.08% |
binance-smart-chain | 0x49c8...b6ffa9 | 816.024M | 3.4% |
binance-smart-chain | 0x2bb3...60e2a3 | 779.047M | 3.25% |
Other | 9.137B | 38.07% |
Velo is a blockchain-enabled financial system and decentralized settlement network. It aims to facilitate secure, fast, and transparent value transfers across borders, with an initial focus on Southeast Asia. The project bridges traditional finance with Web3 solutions, seeking to improve transaction speeds and reduce fees for global financial interactions.
Velo addresses inefficiencies in global financial transfers, such as slow settlements and high costs caused by multiple intermediaries. It provides an alternative to traditional banking for cross-border payments, especially for the unbanked and underbanked in regions like Asia. Velo also seeks to reduce crypto volatility by enabling the creation of stable, collateral-backed digital assets.
The Velo Protocol utilizes smart contracts to issue fiat-pegged digital credits. Users stake VELO tokens as collateral, which are then locked by the protocol to create digital credits of equivalent value. These credits can be quickly and affordably sent across supported blockchains. The system ensures stability by daily rebalancing of collateral to maintain a 1:1 peg.
The VELO token is central to the ecosystem. Its primary uses include acting as collateral for issuing digital credits, facilitating value transfer and settlement across the network, and granting access to applications like Orbit and Universe. VELO holders can also participate in governance, stake tokens for rewards, receive fee reductions, and use it for minting stablecoins like USDV.
Velo initially built on the Stellar network for its speed. It has since expanded to the BNB Smart Chain to enhance smart contract capabilities, offering BEP-20 wrapped VELO tokens. Velo also integrates with Solana and aims for multi-chain support. This approach improves interoperability, reduces transaction costs, and broadens its reach within the Web3 ecosystem.
Velo aims to become a Web3 Universal Payment Network, offering diverse services including payment solutions, a digital FX/Commodity/Crypto exchange, and a merchant network. Key future initiatives involve tokenizing Real-World Assets (RWAs) like gold, integrating loyalty programs, developing a liquidity layer for RWA tokens, and implementing an AI-powered settlement system. Cross-chain growth with multi-chain and wallet connectivity is also a focus.
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