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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Market Stats
Market Cap
$10,887,832.27
-2.08%
FDV
Not enough data
Circulating Supply
2,704,188,026.205 VLX
Max Supply
Not enough data
Total Supply
2,704,188,026.205 VLX
Diluted Valuation
$10,887,429.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$321,387.58
-0.02%
Volume (7D)
$2,254,007.97
Volume (30D)
$9,645,092.84
All time high
$0.52
Overall Price Change (1Y)
-0.68%
Additional info about Velas
Recent trends
The price of Velas has increased by 0.41% in the last hour and decreased by 2.05% in the past 24 hours. Velas’s price has also fallen by 0.10% in the past week. The current price is $0.0040 per VLX with a 24-hour trading volume of $321.39K. Currently, Velas is valued at 99.22% below its all time high of $0.52. This all-time high was the highest price paid for Velas since its launch. The current circulating supply of Velas is 2,704,188,026.205 VLX which means that Velas has as total market cap of $10,887,832.27.
Market details
VLX vs markets
↘ 72.26%
VLX vs BTC
↘ 76.05%
VLX vs ETH
↘ 39.29%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8C543AED163909142695f2d2aCd0D55791a9Edb9 | |
BNB Smart Chain | 0xE9C803F48dFFE50180Bd5B01dC04DA939E3445Fc |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0040 | ↘ 2.05% |
1 Day | $0.0041 | ↘ 2.05% |
1 Week | $0.0040 | ↘ 0.10% |
1 Month | $0.0047 | ↘ 15.19% |
1 Year | $0.0127 | ↘ 68.33% |
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 $10.89M. 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 $321.39K.
Assets that have a similar market cap to Velas include Clore.ai, StablR Euro, HOSKY Token, 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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Social stats
Popularity in posts
#3056
Contributors
361
Posts
436
% About Velas
0.006%
Hold times
0 days
X (Twitter)
17.7% bullish
Sentiment
65 ★
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.
Highlights
361 unique individuals are talking about Velas and it is ranked #3,056 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 65 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 20.64% of tweets with bullish sentiment compared to 16.63% of tweets with a bearish sentiment about Velas. 79.36% of tweets were neutral about Velas. These sentiments are based on 54 tweets.
On Reddit, Velas was mentioned in 14 Reddit posts and there were 94 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
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.