Learn about the issuance price and total issuance volume of VLX (Velas) in one article

The Velas project's VLX token was initially issued on November 10, 2020, with an issuance price of $0.01 through a Dutch auction that raised approximately $10 million.

Oct 13, 2024 at 11:47 am

Understanding the Issuance Price and Total Issuance Volume of VLX (Velas)1. Issuance Price

The initial issuance price of VLX was $0.01 on November 10, 2020.
The price was determined through a Dutch auction, where the highest bidders received the most VLX at the lowest price.
The auction raised approximately $10 million for the Velas project.

2. Total Issuance Volume

The total maximum supply of VLX is 2,000,000,000 tokens.
The initial issuance volume was 1,000,000,000 VLX, representing 50% of the total supply.
The remaining 1,000,000,000 VLX will be issued over time through block rewards, staking incentives, and other initiatives.

Additional Information

The VLX token serves as the native currency of the Velas blockchain platform.
It is used for transaction fees, staking, and rewarding node operators.
The current price of VLX (as of [insert date]) is approximately $0.125.
Velas is a high-performance blockchain network that aims to provide fast, secure, and scalable smart contract capabilities.

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