From May 24th, we officially list Velas Token (VLX) on the ONUS application. Soon after VLX is added, users can perform the following features:
- Off-chain transactions: Send and receive VLX with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to VLX and vice versa.
Velas is the world’s fastest EVM Blockchain enabling up to 75 000 tx/s, processed instantly, with the highest security out there, at almost for free. Velas is an ecosystem startup based in Switzerland. It was founded in 2019 by Alex Alexandrov, a prominent blockchain and crypto entrepreneur, and investor. He is also a founder of CoinPayments — the world’s #1 payment gateway for cryptocurrencies; advisor and investor of Mind AI — a well-known Korean AI startup. Alex is consulting the FBI, Europol, and several national governments on technology, cybersecurity, blockchain, and AI implementation.
What makes Velas unique?
- EVM — supports all smart contracts and dApps built on the Ethereum stack.
- Instant, low-cost transactions – extremely efficient performance at a fraction of the cost.
- Velas Account – passwordless solution that facilitates interaction with blockchain apps to the level of Google account and PayPal-like convenience, without sacrificing our user’s security.
- Access Management – a decentralized access management system, which allows users to control access to files on IPFS using multiple encryption types.
- Velas Vault – a novel solution to store secrets and private keys. This enables various use cases, such as decentralized custody solutions of assets native to other blockchains (BTC, ETH, ERC-20, etc).
- Velas Wallet – multi-currency wallet with staking functionality.
- MicroApps – Velas will soon support cross-platform decentralized applications where not only the code (logic) is stored on-chain, but also its user interface.
What is VLX Token?
VLX is a native token of the Velas ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Pay transactions fee
- Discount and reduce transactions fee
- Stake to earn incentives for honest block production
- Name: Velas Token
- Symbol: VLX
- Platform: Ethereum
- Standard: ERC20
- Type: Utility Token
- Smart Contract Address: 0x8c543aed163909142695f2d2acd0d55791a9edb9