Question 1

What is Velo (VELO)?

Accepted Answer

Velo (VELO) is a blockchain-based financial protocol that operates on a smart contract system, facilitating digital credit issuance and borderless asset transfers for businesses. The platform's core objective is to establish a decentralized settlement network, enabling Trusted Partners to securely and transparently transfer value among each other in a timely manner. With a focus on remittance and money transfer partners in Southeast Asia initially, Velo aims to expand its services to encompass the wider Asia Pacific region and beyond.

Question 2

Who created Velo (VELO)?

Accepted Answer

Velo Labs, the organization behind Velo (VELO), was founded by Mr. Chatchaval Jiaravanon, a serial investor and entrepreneur who holds prominent executive positions in various major public and private corporations. The Velo team comprises industry veterans with diverse expertise, including serial entrepreneurs, investment bankers, technical development managers, and software engineers. Additionally, the team benefits from valuable insights from esteemed advisors affiliated with prestigious universities.

Question 3

What is $VELO used for?

Accepted Answer

$VELO tokens serve as utility tokens within the Velo network, playing a crucial role in transferring value and ensuring stable settlement. They possess a dual feature, serving both as collateral and an entrance requirement to access the Velo Ecosystem. As collateral, $VELO tokens contribute to securing the network, while also serving as an essential element for participating in Velo's financial services and functionalities. These utility tokens empower businesses to engage in digital credit issuance and seamless cross-border asset transfers, fostering a more efficient and transparent financial ecosystem.

Furthermore, Velo operates Nova Chain, an EVM-compatible blockchain that supports other core platforms. Nova Chain's mainnet utilizes NOVA tokens as gas fees, which do not hold any monetary value. The chain focuses on user acquisitions for decentralized application adoption, simplifying the onboarding process for users interested in interacting with Velo's dApps ecosystem. Users can request NOVA tokens through a provided faucet, subject to specific balance thresholds to ensure equitable distribution and discourage hoarding. Nova Chain's role is to support the seamless operation of Velo's wallet services and contribute to the overall growth of Velo's decentralized application ecosystem.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	VELO-USDT VELOUSDT	bybit	A	0.003375USDT	-9.27%	198,912,331.50VELO	44,995	0.003720USDT	0.003726USDT
2	VELO-USDT VELO1USDT_SPBL	bitget	BB	0.003379USDT	-9.26%	45,020,113.00VELO	1,110	0.003724USDT	0.003724USDT
3	VELO-USDT VELO-USDT	kucoin	BB	0.003386USDT	-9.08%	39,739,777.19VELO	3,171	0.003724USDT	0.003735USDT
4	VELO-USDT VELO_USDT	gateio	A	0.003375USDT	-9.37%	40,263,653.80VELO	2,717	0.003724USDT	0.003725USDT
5	VELO-USD VELOUSD	kraken	AA	0.003370USD	-9.51%	34,670,898.62VELO	947	0.003724USD	0.003724USD
6	VELO-USDT VELO-USDT	okex	A	0.003372USDT	-9.89%	14,547,445.13VELO	1,005	0.003742USDT	0.003747USDT
7	VELO-USD VELO_USD	cryptodotcom	AA	0.003362USD	-10.34%	4,645,490.00VELO	149	0.003750USD	0.003750USD
8	VELO-EUR VELOEUR	kraken	AA	0.003004EUR	-10.86%	2,894,035.25VELO	99	0.003370EUR	0.003370EUR
9	VELO-USDC VELO-USDC	okex	A	0.003358USDC	-10.81%	640,619.01VELO	34	0.003765USDC	0.003765USDC
10	VELO-EUR VELO-EUR	okex	A	0.003007EUR	-9.59%	297,769.00VELO	16	0.003326EUR	0.003326EUR
11	VELO-USDT VELOUSDT	cexio	BB	0.003474USDT	-6.24%	78,863.20VELO	4	0.003705USDT	0.003705USDT
12	VELO-USD VELOUSD	cexio	BB	0.003615USD	-2.51%	5,970.40VELO	1	0.003708USD	0.003708USD
13	VELO-ETH VELO_ETH	gateio	A	0.0₅1571ETH	0.00%	0VELO	0	0.0₅1571ETH	0.0₅1571ETH
14	VELO-USDT velousdt	huobipro	C	0.003341USDT	-8.24%	26,408,968.15VELO	2,246	0.003641USDT	0.003667USDT
15	VELO-USDT VELOUSDT	mexc	C	0.003357USDT	-10.53%	22,110,298.86VELO	1,597	0.003752USDT	0.003752USDT
16	VELO-EUR VELO-EUR	bitvavo	B	0.003020EUR	-9.29%	15,136,122.43VELO	546	0.003330EUR	0.003330EUR
17	VELO-EUR VELOEUR	bit2me	B	0.003000EUR	-10.98%	2,894,035.25VELO	99	0.003370EUR	0.003370EUR
18	VELO-USDT VELOUSDT	binanceusa	B	0.003350USDT	-10.19%	1,494,805.00VELO	59	0.003730USDT	0.003730USDT
19	VELO-IDR veloidr	indodax	E	61.00IDR	-10.29%	663,691.53VELO	73	68.00IDR	71.00IDR
20	VELO-USDT VELO-USDT	bingx	D	0.003320USDT	-11.94%	610,037.87VELO	12	0.003770USDT	0.004012USDT
21	VELO-INR VELOINR	coindcx	-	0.3474INR	-6.00%	314,054.22VELO	48	0.3696INR	0.3779INR
22	VELO-USDT VELO_USDT	poloniex	C	0.003501USDT	-5.38%	9,170.69VELO	8	0.003700USDT	0.003700USDT
23	VELO-USDT VELOUSDT	hitbtc	E	0.004641USDT	0.00%	0VELO	0	0.004641USDT	0.004641USDT
24	VELO-KRW VELO-KRW	gopax	D	5.19KRW	0.00%	0VELO	0	5.19KRW	5.19KRW