How to get VLX (Velas)? Learn how to get VLX (Velas) in one article

To acquire VLX tokens, one can opt for a centralized exchange, decentralized exchange, yield farming, airdrops, or mining (though it's not recommended due to low profitability and high energy consumption).

Oct 05, 2024 at 05:18 am

How to Get VLX (Velas)

1. Buy VLX on a Centralized Exchange

• Step 1: Create an account on a centralized exchange that supports VLX trading, such as Binance, Huobi, or KuCoin.
• Step 2: Complete the KYC (Know Your Customer) verification process.
• Step 3: Deposit funds into your exchange account using a supported payment method.
• Step 4: Go to the VLX trading page and enter the amount of VLX you want to buy.
• Step 5: Select a buy order type (e.g., limit order, market order) and confirm the transaction.

2. Trade for VLX on a Decentralized Exchange

• Step 1: Connect your cryptocurrency wallet to a decentralized exchange (DEX) that supports VLX trading, such as PancakeSwap or TraderJoe.
• Step 2: Swap one of your supported cryptocurrencies for VLX.
• Step 3: Confirm the transaction and wait for the VLX to appear in your wallet.

3. Earn VLX through Yield Farming

• Step 1: Stake LP (liquidity provider) tokens on a DEX or lending platform.
• Step 2: Provide liquidity to a VLX trading pair.
• Step 3: Earn VLX rewards for your participation in liquidity pools.

4. Participate in Airdrops

• Step 1: Follow Vela's official social media channels and announcements.
• Step 2: Once an airdrop is announced, complete the required tasks to qualify.
• Step 3: Receive the airdropped VLX tokens to your eligible crypto wallet.

5. Mine VLX (not recommended)

VLX mining is not recommended due to its low profitability and high energy consumption. However, if you choose to mine VLX, you will need:

• Step 1: Join a mining pool.
• Step 2: Set up a mining rig.
• Step 3: Mine VLX blocks and earn VLX rewards.