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."
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Trading Insights
Searched
17
Market Stats
Market Cap
$7.76M
-6.65%
FDV
$7.76M
Circ. Supply
2.7B VLX
Max Supply
Not enough data
Total Supply
2.7B VLX
Diluted Valuation
$7.77M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$232.97K
-40.76%
Volume (7D)
$2.48M
Volume (30D)
$10.84M
All time high
$0.52
Price Change (1Y)
-79.9%
Additional info about Velas
Recent trends
The latest VLX price is $0.0028. Compared to Velas's value of $0.00 from 24 hours ago, there's been a -7% decrease, while the current price is -23% down from $0.00 which was recorded one week ago. Velas's all time high is $0.52, which was reached on November 20, 2021. This is a -99% change from its price today.
The market cap is currently $7.76M, which is a result of multiplying the current price of Velas($0.00) by the total supply(2,720,817,347 VLX). The fully diluted valuation of Velas is $7.76M. The diluted valuation of Velas is $7.76M.
Market details
VLX vs markets
↘ 84.21%
VLX vs BTC
↘ 86.31%
VLX vs ETH
↘ 70.13%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8C543AED163909142695f2d2aCd0D55791a9Edb9 | |
BNB Smart Chain | 0xE9C803F48dFFE50180Bd5B01dC04DA939E3445Fc |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0028 | ↘ 6.51% |
1 Day | $0.0031 | ↘ 6.51% |
1 Week | $0.0037 | ↘ 23.06% |
1 Month | $0.0041 | ↘ 29.78% |
1 Year | $0.0142 | ↘ 79.90% |
FAQ
Velas (VLX) is a blockchain that aims to provide a platform for the development and execution of smart contracts and decentralized applications (dApps). It is designed to handle up to 75,000 transactions per second, aiming to provide a level of security and efficiency at a minimal cost. The Velas ecosystem includes a range of decentralized products built on its chain, striving to provide a user-friendly experience of decentralized, open-source products. The Velas coin (VLX) is used for transactions, payments, fees, and supporting the Proof-of-Stake consensus mechanism.
Velas operates on a Delegated Proof of Stake consensus (DPoS), which strives to provide participants with favorable conditions for interaction and motivate them to act for the benefit of the network. It supports all smart contracts and dApps built on the Ethereum stack, aiming to facilitate instant, low-cost transactions. The Velas blockchain implements an innovative time architecture, transaction processing mechanism, and a consensus model that aims to be more efficient than those used by other blockchains. It also includes features like Velas Account, a passwordless solution that facilitates interaction with blockchain apps, and Velas Vault, a solution to store secrets and private keys.
Velas aims to support a wide range of use cases, including the development of high-performance dApps focused on user privacy and flexibility, decentralized finance solutions, and NFT art. It also seeks to facilitate the creation of decentralized exchange solutions, metaverse projects, load-resistant marketplaces, and play-to-earn game concepts. The Velas blockchain is designed to be carbon neutral, based on an energy-efficient DPoS mechanism, making it a potential choice for environmentally conscious projects.
Velas was founded in 2019 by Alex Alexandrov, a blockchain and crypto entrepreneur, and investor. The project is based in Switzerland and has been live on the mainnet since January 2020. Alex Alexandrov is also the founder of CoinPayments, a payment gateway for cryptocurrencies, and an advisor and investor of Mind AI, a Korean AI startup. He has consulted with the FBI, Europol, and several national governments on technology, cybersecurity, blockchain, and AI implementation. The Velas blockchain has been designed to incorporate features from both Solana and Ethereum, including security, scalability, high performance, and support for EVM/Solidity.
We update our Velas to USD currency in real-time. Get the live price of Velas on Coinbase.
The current market cap of Velas is $7.76M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Velas is $0.52. 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 $232.97K.
Assets that have a similar market cap to Velas include U2U Network, HyperCycle, Peercoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Velas is 2.7 billion.
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