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What can you do with Velo?
Store/Hold Velo
Many users hold on to their Velo with the expectation of it increasing in value. You can store your VELO1 safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Velo
You can trade Velo for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Velo trading to meet your needs.
Send Velo
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Velo online and send to anyone and anywhere with their Velo address.
Spend Velo
You can also buy goods and services with your Velo. More and more vendors and retailers accept Velo every day.
Donate Velo
Bitget Charity accepts Velo donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Velo so no one misses out on the growth made possible by blockchain.
Learn More About Velo
You can read more in-depth articles on Velo from Bitget Research and study how cryptocurrencies like Velo work on Bitget Academy
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What is Velo (VELO)?
Velo is a blockchain infrastructure provider that aims to use blockchain to transform finance towards maximum interoperability and regulatory compliance, starting with a decentralized settlement network. The project was created in 2020 by Chatchaval Jiaravanon, and receives support from the likes of CP Group, Stellar Foundation, Uni-President, and UOB Venture Management to name a few.
In 2022, Velo merged with Evrynet, a service provider that helps build DeFi applications. The merger allows Velo to expand into other areas of financial services.
How Velo (VELO) Works
Velo has four core platforms:
- FCX, a digital exchange that primarily serves licensed financial institutions, money transfer operators, and forex traders.
- Universe, a DEX for individual traders.
- Quantum, a remittance platform.
- Orbit, a mobile payment application that integrates QR code and allows paying with digital assets.
Velo also offers auxiliary services as follows:
- The On/Off-ramp Service
- Velo Finance, a suite of common dapps for DeFi
- Warp, a hub that enables access to liquidity across different blockchains
- Nova, an EVM-compatible blockchain
To power their massive ecosystem, Velo deploys two types of token, Vstablecoins and VELO token. Vstablecoins are stablecoins issued by Velo, and currently, there is only VUSD, a USD-pegged Vstablecoin, in circulation. Meanwhile, VELO is the pillar in the Velo ecosystem. It is used as collateral to mint VUSD, governance rights, as well as access to other perks and benefits such as trading fee discounts.
How Many Velo (VELO) Tokens Are in Circulation?
VELO's total supply: 30,000,000,000
VELO's circulating supply: 4,984,154,058
How to Buy Velo (VELO)
Consider investing in Velo (VELO)? It only takes 2 minutes to create an account on Bitget and start trading VELO.
Check out the available VELO trading pairs on Bitget!
Spot market
*Note: Velo (VELO)'s token ticker in Bitget is VELO1
Velo (VELO) Resources
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