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
21
Market Stats
Market Cap
$4.08M
0.06%
FDV
$4.08M
Circ. Supply
2.8B VLX
Max Supply
Not enough data
Total Supply
2.8B VLX
Diluted Valuation
$12.18M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$2.06K
-97.54%
Volume (7D)
$91.95K
Volume (30D)
$120.17K
All time high
$0.52
Price Change (1Y)
-84.69%
Additional details
Market details
VLX vs markets
↘ 90.53%
VLX vs BTC
↘ 91.11%
VLX vs ETH
↘ 90.03%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x8C543AED163909142695f2d2aCd0D55791a9Edb9 | |
BNB Smart Chain | 0xE9C803F48dFFE50180Bd5B01dC04DA939E3445Fc |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0015 | ↗ 4.59% |
1 Day | $0.0014 | ↗ 4.59% |
1 Week | $0.0016 | ↘ 8.46% |
1 Month | $0.0015 | ↘ 2.80% |
1 Year | $0.0096 | ↘ 84.69% |
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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#3288
Contributors
20
Posts
24
% About Velas
0.003%
Hold times
0 days
X (Twitter)
42.31% bullish
Sentiment
3.8 ★
Highlights
20 unique individuals are talking about Velas and it is ranked #3,288 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 75 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 44% of tweets with bullish sentiment compared to 4% of tweets with a bearish sentiment about Velas. 56% of tweets were neutral about Velas. These sentiments are based on 48 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
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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