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About Velas (VLX)
What is Velas?
Velas is a blockchain that offers a platform for the creation and execution of smart contracts and decentralized applications (dApps). It has the capacity to handle up to 75,000 transactions per second, providing a high level of security and efficiency at a low cost. The Velas ecosystem comprises a variety of decentralized products developed on its chain, with the goal of delivering a user-friendly experience of open-source, decentralized products. The Velas coin (VLX) is utilized for transactions, payments, fees, and supporting the Proof-of-Stake consensus mechanism.
How does Velas Work?
Velas is a blockchain that utilizes a Delegated Proof of Stake consensus (DPoS) to provide favorable conditions for participants and encourage them to act in the network's best interest. It supports all smart contracts and dApps built on the Ethereum stack, enabling instant and low-cost transactions. The Velas blockchain implements an innovative time architecture, transaction processing mechanism, and consensus model that aims to be more efficient than other blockchains. It also includes features like Velas Account, a passwordless solution for interacting with blockchain apps, and Velas Vault, a solution for storing secrets and private keys.
Velas aims to support a wide range of use cases, including high-performance dApps focused on user privacy and flexibility, decentralized finance solutions, and NFT art. It also seeks to facilitate the creation of decentralized exchange solutions, metaverse projects, load-resistant marketplaces, and play-to-earn game concepts. The Velas blockchain is designed to be environmentally friendly, based on an energy-efficient DPoS mechanism, making it a potential choice for eco-conscious projects.
What is the VLX Token?
Velas coin (VLX) serves as a means of transaction, payment, and fee payment, as well as supporting the Proof-of-Stake consensus. Staking enables block producers, including validators and their delegators, to provide transaction consensus and receive staking incentives for honest block production.
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Trade VLX perpetual futures
After having successfully signed up on Bitget and purchased USDT or VLX tokens, you can start trading derivatives, including VLX futures and margin trading to increase your income.
The current price of VLX is $0.003963, with a 24h price change of -0.78%. Traders can profit by either going long or short onVLX futures.
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Velas Social Data
In the last 24 hours, the social media sentiment score for Velas was 2.5, and the social media sentiment towards Velas price trend was Bearish. The overall Velas social media score was 113, which ranks 408 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Velas being mentioned with a frequency ratio of 0.01%, ranking 412 among all cryptocurrencies.
In the last 24 hours, there were a total of 499 unique users discussing Velas, with a total of Velas mentions of 70. However, compared to the previous 24-hour period, the number of unique users increase by 18%, and the total number of mentions has increase by 27%.
On Twitter, there were a total of 2 tweets mentioning Velas in the last 24 hours. Among them, 50% are bullish on Velas, 50% are bearish on Velas, and 0% are neutral on Velas.
On Reddit, there were 6 posts mentioning Velas in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 50% .
All social overview
2.5