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What can you do with Vela Exchange?
Store/Hold Vela Exchange
Many users hold on to their Vela Exchange with the expectation of it increasing in value. You can store your VELA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Vela Exchange
You can trade Vela Exchange for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Vela Exchange trading to meet your needs.
Send Vela Exchange
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Vela Exchange online and send to anyone and anywhere with their Vela Exchange address.
Spend Vela Exchange
You can also buy goods and services with your Vela Exchange. More and more vendors and retailers accept Vela Exchange every day.
Donate Vela Exchange
Bitget Charity accepts Vela Exchange donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Vela Exchange so no one misses out on the growth made possible by blockchain.
Learn More About Vela Exchange
You can read more in-depth articles on Vela Exchange from Bitget Research and study how cryptocurrencies like Vela Exchange work on Bitget Academy
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What is Vela Exchange (VELA)?
Vela Exchange is a DEX on Arbitrum that offers perpetual trading with up to 100x leverage while boasting a community-focused and scalable approach. The protocol was co-founded in 2023 by Travis Skweres and Dan Peng, both of whom are former Boston Consulting Group employees.
How Vela Exchange (VELA) Works
To start, users need to deposit stablecoins such as USDC into the Vela Exchange, then enjoy a host of trading products such as:
- Synthetic trading for cryptocurrency, forex, and market cap with up to 100x leverage;
- Limit order, trailing order, stop-loss order, and trailing-stop order;
- Alerts and notifications sent as SMS, email, or push notifications on mobile devices;
- Referral program with up to 20% share of all referred users’ generated fees;
- Fiat on-ramps and off-ramps.
VELA is the primary native token of the Vela Exchange. It can be used to receive trading fee discounts, stake to earn a share of fees collected on the exchange and eVELA tokens as rewards from buyback.
Apart from VELA, there is VLP, the liquidity provider token for Vela Exchange. Anyone can get VLP by staking USDC into the platform. VLP can be staked to earn a portion of trading fees generated on Vela in the form of eVELA tokens.
eVELA tokens can be staked to generate yields like VELA (they have the same reward structure), or locked to earn VELA tokens.
How Many Vela Exchange (VELA) Tokens Are in Circulation?
VELA’s total supply: 50,000,000
VELA’s circulating supply: 5,622,344
How to Buy Vela Exchange (VELA)
Consider investing in Vela Exchange (VELA)? It only takes 2 minutes to create an account on Bitget and start trading VELA.
Check out the available VELA trading pairs on Bitget!
Spot market
Vela Exchange (VELA) Resources
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