About Velas
"Velas AG, headquartered in Switzerland, is a new AI-operated dPoS (delegated proof of stake) blockchain project and an ecosystem on which one can build AI projects, dApps, smart contracts, etc. It is founded by the CEO of the world’s first and biggest altcoin payment processor platform from 2013 – Coinpayments.net – Alex Alexandrov. Coinpayments created a CPS coin to provide its active merchants and users of 3'000 000 000 a discount token for transactions and fees, and earn staking rewards vaulting their CPS coin. The development of Velas rooted from CPS, as the founders saw an opportunity to create an own proprietary AI enhanced Blockhain and consensus protocol, rather than using a third party solution which still has flaws. Development of Velas started 2 years ago. Coinpayments Coin to Velas coin (VLX) was done via Coinpayments platform on the 4th of July 2019 and will mark the day of Velas independence from original token. This will also launch first Stage described in Technical Paper. The purpose of Velas is to address and fix existing issues and challenges faced by most existing Blockchains, like centralization, 51% attack, nothing at stake problem, scalability, security, high upfront expenses, etc. It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm."
Trading Insights
Searched
30
Market Stats
Market Cap
£3.89M
-8%
FDV
£3.89M
Circ. Supply
2.7B VLX
Max Supply
Not enough data
Total Supply
2.7B VLX
Diluted Valuation
£3.87M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£192.61K
190.47%
Volume (7D)
£1.38M
Volume (30D)
£5.14M
All time high
£0.38
Price Change (1Y)
-74.12%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Velas has decreased by 0.19% in the last hour and decreased by 6.19% in the past 24 hours. Velas’s price has also risen by 1.74% in the past week. The current price is £0.0014 per VLX with a 24-hour trading volume of £192.61K. Currently, Velas is valued at 99.63% below its all time high of £0.38. This all-time high was the highest price paid for Velas since its launch.
The current circulating supply of Velas is 2,734,749,426.654 VLX which means that Velas has as total market cap of £3,885,690.59.
Market details
VLX vs markets
↘ 83.92%
VLX vs BTC
↘ 85.01%
VLX vs ETH
↘ 74.49%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8C543AED163909142695f2d2aCd0D55791a9Edb9 | |
BNB Smart Chain | 0xE9C803F48dFFE50180Bd5B01dC04DA939E3445Fc |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0014 | ↘ 6.19% |
1 Day | £0.0015 | ↘ 6.19% |
1 Week | £0.0014 | ↗ 1.74% |
1 Month | £0.0014 | ↗ 2.52% |
1 Year | £0.0057 | ↘ 74.12% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Velas (VLX) is a cryptocurrency driven by a diverse team of mathematicians, engineers, researchers, cryptographers, and results-driven business heads. The Velas platform claims to be creating an open-sourced ecosystem of blockchain products and services. Velas aims to merge the finest qualities of both decentralized and centralized solutions. The process includes researching state-of-the-art cryptography, creating consensus protocols, and developing intuitive user interfaces. These interfaces aim to allow enterprises, developers, and people globally to build and join a transparent, effortlessly accessible, and community-governed ecosystem for Web3.
As suggested by the whitepaper, Velas realized the social needs and strived to become the industry standard. The platform is developed to become a blockchain suited for thousands of services and applications to be built upon. Therefore, it is designed to be one of the industry's fastest and most secure platforms. The platform's mission is to develop and combine world-changing technology services and products to improve people's lives worldwide and make the world free of the internet again—like it was before. The innovations and technologies help build a decentralized, self-governed future operated by the community's collective intelligence.
VLX token is native to the Velas platform. The platform's tokenomics is based on DPoS (delegated proof of stake) economics that delivers participants with favorable situations for interaction and encourages them to function for the usefulness of the network. To become a validator, the trader should have at least one million VLX tokens. To become a delegator, the trader should have at least 1 VLX. DPoS delivers the chance for delegators to vote on possible validators by staking tokens on them and improving their probabilities of becoming validators.
In 2019, Velas was founded. The founding team includes Roman Cherednik as the chief technology officer and Andrey Stehno as the CPO. Velas has a total supply of 2,229,737,314 VLX coins.
We update our Velas to GBP currency in real-time. Get the live price of Velas on Coinbase.
The current market cap of Velas is £3.89M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Velas is £0.38. This all-time high is highest price paid for Velas since it was launched.
Over the last 24 hours, the trading volume of Velas is £192.61K.
Assets that have a similar market cap to Velas include Mysterium, AIT Protocol, Jerry The Turtle By Matt Furie, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Velas is 2.7 billion.
Social stats
Popularity in posts
#3358
Contributors
29
Posts
53
% About Velas
0.004%
Hold times
0 days
X (Twitter)
15.75% bullish
Sentiment
5.0 ★
Highlights
29 unique individuals are talking about Velas and it is ranked #3,358 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Velas has an average sentiment score of 100 out of 5. Finally, Velas is becoming less newsworthy, with 0 news articles published about Velas.
On Twitter, people are mostly neutral about Velas. There were 15.75% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Velas. 84.25% of tweets were neutral about Velas. These sentiments are based on 53 tweets.
On Reddit, Velas was mentioned in 0 Reddit posts and there were 0 comments about Velas. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.