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What can you do with Velas?
Store/Hold Velas
Many users hold on to their Velas with the expectation of it increasing in value. You can store your VLX safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Velas
You can trade Velas for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Velas trading to meet your needs.
Send Velas
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Velas online and send to anyone and anywhere with their Velas address.
Spend Velas
You can also buy goods and services with your Velas. More and more vendors and retailers accept Velas every day.
Donate Velas
Bitget Charity accepts Velas donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Velas so no one misses out on the growth made possible by blockchain.
Learn More About Velas
You can read more in-depth articles on Velas from Bitget Research and study how cryptocurrencies like Velas work on Bitget Academy
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What is Velas (VLX)?
Velas is a layer-1 blockchain that is community-driven and user-focused. It was introduced in 2019 by Alex Alexandrov and Farkhad Shagulyamov. The mainnet was launched in 2020. The blockchain claims to be the fastest EVM-compatible blockchain with the ability to process up to 75,000 tps at the cost of $0.00001 per transaction.
How Velas (VLX) Works
Velas is built from two main elements, eBPF (extended Berkeley Packet Filter) from Solana and DPoS consensus mechanism. The former is an architecture-agnostic technology that allows codes to run in a sandboxed virtual machine, making applications both secure and fast. The latter is a consensus mechanism that is more scalable than Proof of Work, more democratic than Proof of Stake, very secure in the event of double-spend attacks, and allegedly the most decentralized consensus mechanism till date.
In Velas, validator nodes do not compete with each other or work alone. They work together in “cluster” with everyone taking turn being the leader, so the network can maintain the integrity of the ledger while securely and efficiently processing transactions.
How Many Velas (VLX) Tokens Are in Circulation?
VLX token does not have a hard cap on total supply. 2,407,157,401 VLX tokens are in circulation.
How to Buy Velas (VLX)
Consider investing in Velas (VLX)? It only takes 2 minutes to create an account on Bitget and start trading VLX.
Check out the available VL X trading pairs on Bitget!
Spot market
Velas (VLX) Resources
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