What currency is VLX (Velas)? Introduction to the official website, circulation and trading platform of VLX (Velas)

Velas, with its native VLX cryptocurrency, is a user-friendly platform facilitating dApp development through features like EVM compatibility, low transaction fees, and SmartChain technology.

Oct 06, 2024 at 04:18 pm

What is Velas (VLX)?

Velas (VLX) is the native cryptocurrency of the Velas blockchain, a high-throughput blockchain platform designed for decentralized applications (dApps) and smart contracts.

Official Website

The official website of Velas is https://velas.com/, where you can find detailed information about the project, its technology, and its team. The website provides comprehensive resources for developers, including documentation, tutorials, and a community forum.

Circulation

As of May 10, 2023, the circulating supply of VLX is approximately 2.35 billion tokens. The total supply is capped at 6.4 billion tokens, with a scheduled issuance rate to ensure a gradual release into the market.

Trading Platforms

VLX is listed and traded on several cryptocurrency exchanges, including:

1. Binance
2. KuCoin
3. Gate.io
4. Huobi Global
5. MEXC Global

Key Features

• High throughput: Velas boasts a high transaction throughput of over 30,000 transactions per second (TPS).
• Low fees: Transaction fees on the Velas blockchain are negligible, making it a cost-effective platform for dApp development.
• Ethereum Virtual Machine (EVM) compatibility: Developers can easily port their existing dApps from Ethereum to Velas, which supports EVM and Solidity smart contracts.
• SmartChain technology: Velas leverages SmartChain technology that enables the creation of cross-functional, multi-chain applications.
• Scalability: The Velas blockchain is designed to be highly scalable, supporting a large number of users and dApps without compromising performance.