About Velo
Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers for businesses using a smart contract system. The project's core mission is to enable partners to safely and securely transfer value between each other in a timely and transparent way. To do this, the Velo Protocol enables its partners to issue digital credits via a smart contract layer, using the Stellar Consensus Protocol to process and settle transactions. Within its ecosystem, the Velo Protocol enables multiple business use cases that are all based on its core function: issuing collateral-backed digital credits, which correspond to any fiat currency that can be used for frictionless value transfer.
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Trading Insights
Searched
327
Market Stats
Market Cap
₹7.47B
2.2%
FDV
₹24.25B
Circ. Supply
7.4B VELO
Max Supply
24B VELO
Total Supply
24B VELO
Diluted Valuation
₹24.42B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹4.46B
-12.07%
Volume (7D)
₹34.58B
Volume (30D)
₹119.84B
All time high
₹178.63
Price Change (1Y)
7.83%
Additional details
Recent trends
The latest VELO price is ₹1.01. Compared to Velo's value of ₹1.00 from 24 hours ago, there's been a 1% increase, while the current price is -12% down from ₹1.14 which was recorded one week ago. Velo's all time high is ₹178.63, which was reached on March 8, 2021. This is a -99% change from its price today.
The current circulating supply of Velo is 7,390,475,595. This is 31% of its max supply of 24,000,000,000 VELO and 31% of its total supply of 23,999,998,948. The market cap is currently ₹7.47B, which is a result of multiplying the current price of Velo(₹1.01) by the total supply(23,999,998,948 VELO). The fully diluted valuation of Velo is ₹24.25B. The diluted valuation of Velo is ₹24.25B.
Market details
VELO vs markets
↘ 23.24%
VELO vs BTC
↘ 33.4%
VELO vs ETH
↗ 49.66%
Tags
binance-alpha
binance-alpha-airdrops
Network & Addresses
Network | Address | |
|---|---|---|
Stellar | GDM4RQUQQUVSKQA7S6EM7XBZP3FCGH4Q7CL6TABQ7B2BEJ5ERARM2M5M | |
BNB Smart Chain | 0xf486ad071f3bEE968384D2E39e2D8aF0fCf6fd46 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹1.01 | ↗ 1.43% |
1 Day | ₹1.00 | ↗ 1.43% |
1 Week | ₹1.14 | ↘ 12.11% |
1 Month | ₹1.14 | ↘ 12.42% |
1 Year | ₹0.91 | ↗ 7.83% |
FAQ
Velo (VELO) is a distinctive cryptocurrency that operates on the Velo Protocol, a blockchain financial protocol that aims to enable digital credit issuance and borderless asset transfers for businesses. The protocol uses a smart contract system to facilitate these transactions, striving to provide a safe and transparent way for partners to transfer value. The Velo Protocol uses the Stellar Consensus Protocol to process and settle transactions. The core function of the Velo Protocol is to issue collateral-backed digital credits, which correspond to any fiat currency, aiming to enable smooth value transfer.
Velo operates through a federated credit exchange network, powered by the Velo Protocol. This protocol allows partners to issue digital credits via a smart contract layer. These digital credits are backed by collateral and correspond to any fiat currency, making them a versatile tool for value transfer. The Velo Protocol also supports multiple business use cases within its ecosystem, all based on its core function of issuing digital credits. The VELO tokens are utility tokens designed to transfer value on the Velo network and ensure stable settlement. They serve as both collateral and an entrance requirement to the Velo Ecosystem.
Velo aims to provide a wide range of use cases within its ecosystem. It seeks to create a trustless financial infrastructure that supports crypto payments and smart contracts, aiming to make financial transactions more accessible and efficient. It also intends to provide a platform for fractional transactions, allowing users to transact or trade assets against their real-world value without needing to own the whole asset. Furthermore, Velo strives to build an ecosystem for the borderless transfer of currency and assets, offering an innovative suite of financial products and services that enable users to transfer, borrow, or lend funds globally.
Velo was launched in September 2020 with the mission to connect businesses and individuals with a global pool of funds and to enhance the velocity of money through seamless financial services powered by its Web 3+ ecosystem. The project has since developed various products and services, including Quantum, a remittance network, Universe, a multi-chain DEX, and Nova Chain, a universal blockchain network. Velo has also formed strategic partnerships with other entities in the crypto space, such as Waves, with the aim of improving cross-border payments.
We update our Velo to INR currency in real-time. Get the live price of Velo on Coinbase.
The current market cap of Velo is ₹7.47B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Velo is ₹178.63. This all-time high is highest price paid for Velo since it was launched.
Over the last 24 hours, the trading volume of Velo is ₹4.46B.
Assets that have a similar market cap to Velo include Powerledger, Nexusmind, Acet, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Velo is 7.4 billion.
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Velo news
Social stats
Popularity in posts
#136
Contributors
1,712
Posts
3,334
% About Velo
0.235%
Articles
3
Hold times
0 days
X (Twitter)
62.51% bullish
Sentiment
4.4 ★
Highlights
1,712 unique individuals are talking about Velo and it is ranked #136 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Velo has an average sentiment score of 87 out of 5. Finally, Velo is becoming less newsworthy, with 3 news articles published about Velo.
On Twitter, people are mostly bullish about Velo. There were 65.83% of tweets with bullish sentiment compared to 5.31% of tweets with a bearish sentiment about Velo. 34.17% of tweets were neutral about Velo. These sentiments are based on 1885 tweets.
On Reddit, Velo was mentioned in 201 Reddit posts and there were 2195 comments about Velo. 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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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.
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