What is the issuance volume of VLX (Velas)? One article introduces the application scenarios of VLX (Velas)

The total issuance of Velas' native cryptocurrency VLX is 2 billion tokens, with 79% currently in circulation, highlighting its abundant supply.

Oct 05, 2024 at 04:41 pm

What is the Issuance Volume of VLX (Velas)?

VLX is the native cryptocurrency of the Velas blockchain, a high-performance blockchain designed for decentralized applications. The total issuance of VLX is 2 billion tokens, of which 1.58 billion tokens (79%) are currently in circulation.

Application Scenarios of VLX (Velas)

VLX is used in a variety of scenarios within the Velas ecosystem, including:

1. Transaction Fees: VLX is used to pay transaction fees on the Velas blockchain.
2. Staking: Users can stake VLX to secure the Velas network and earn rewards.
3. Governance: VLX holders can participate in governance decisions on the Velas blockchain through a decentralized voting mechanism.
4. Decentralized Applications (dApps): VLX can be used to interact with and purchase services from dApps built on the Velas blockchain.
5. EVM Compatibility: The Velas blockchain is compatible with the Ethereum Virtual Machine (EVM), allowing users to deploy and interact with Ethereum-based dApps using VLX.

Additional Applications

In addition to the above scenarios, VLX also has a number of other potential applications, including:

• Payments: VLX can be used for online and offline payments.
• Investment: VLX can be bought and sold on cryptocurrency exchanges.
• Liquidity Provision: VLX can be used to provide liquidity to decentralized exchanges (DEXs).
• Collectibles: VLX can be used to mint and trade digital collectibles.