What is VELO? Bridging traditional banking and crypto $
Автор: Vas Explains Markets
Загружено: 2024-06-11
Просмотров: 451
Описание:
🪙 How to create a VELO wallet: https://www.iexplaincrypto.com/velo-e...
🤔 What is Velo?
Velo, also known by the market ticker VELO, is a decentralised payment network that aims to revolutionise international payments and provide financial services to those currently unable to access traditional banking infrastructure.
💡 What makes Velo unique?
One of Velo’s unique properties is the Digital Reserve System which is vital in maintaining the stability of digital credits backed by VELO as it manages the number of VELO tokens held as collateral.
💰 VELO Tokenomics
The maximum supply of VELO tokens is 30 billion, with currently around 7.3 billion already on the market.
By the end of 2025, all 30 billion VELO tokens will have finished their vesting period and be available for sale on the markets.
By that time, the total distribution will look as follows:
23% will be given to the Development Reserve, 18% towards Community Development, a further 18% to Strategic Partners, 17% to the Reserve, 10% to the Founders, 8% to Early Backers and Advisors, 5% towards Private Placement, and a final 1% towards Exchange Liquidity.
Timestamps ⏳
00:00 Intro
0:57 Velo Founders
1:15 What is Velo?
2:07 How does Velo work?
2:29 What is a federated blockchain?
3:56 What makes Velo unique?
4:01 Digital Reserve System explained
6:05 VELO Tokenomics
❓ Q & As ❓
Start from the basics:
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