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Table Of Contents
Velas is a delegated-proof-of-stake blockchain, based upon the Solana network. The team behind this project is actively developing its blockchain for an eventual decentralized internet – commonly referred to as ‘Web 3.0’. It is doing so in an attempt to return power over data, and the internet itself, back to the people.
To achieve this, Velas believes the key is in offering solutions which combine the ease of use and simplicity of centralized solutions, with the reliability and transparency of those which are decentralized. For this to occur however, multiple hurdles associated with blockchain technology (scalability, security, decentralization) must be cleared. With its network being founded on Solana, boasting high levels of throughput, Velas believes it has found a solution to each.
Various other product have been made available on the Velas blockchain, making it an incresingly flexibile solution.
- Velas Account
- Velas Vault
- Velas Wallet
In order to achieve its goal of creating the ‘fastest and the most secure blockchain’, Velas makes use of what are known as ‘VLX’ tokens.
These utility tokens can not only be staked, but are used to pay for transaction fees on the network.
VLX tokens have a total supply of just over 2 billion and an inflation rate of 8% annually.
To learn more, make sure to visit our Investing in Velas (VLX) guide.
We list the top 3 exchanges that offer the ability to buy Velas (VLX) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Velas (VLX) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Velas (VLX), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts Australia & UK residents.
USA & Canada residents are prohibited.
Bittrex is an exchange which currently enables you to buy and trade Velas (VLX). Bittrex is a leading cryptocurrency exchange that provides the widest selection of cryptocurrencies. It is known in the industry for being one of the few exchanges that does not charge listing fees for different projects, supporting its reputation for integrity.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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