This week, the VELO crypto asset will be listed on Indodax. Open deposit will start on September 1st, 2021 at 14:00 WIB and open trading will also start on September 2nd, 2021 at 14:00 WIB.
Velo Labs is on a mission to build the most efficient completion network in the world. This vision enables businesses and individuals to send money globally faster, cheaper, and more reliably than ever before. They provide a technological foundation on which financial service providers can build real-world applications to serve today’s increasingly complex and fragmented users and business landscapes.
Backed by the CP Group — one of the world’s largest conglomerates — Velo Labs is a fintech company focused on developing technical solutions and integration resources that support a growing network of financial institutions, bridging local payment services and decentralized global settlement networks — where money moves safely in just seconds.
As the use of digital assets increases globally, there is a need for applications designed to bridge the gap between “pre-internet” and “post-internet” digital ecosystems. Velo Labs combines the adoption of mainstream electronic payment solutions with the advantages of blockchain technology, and unlike the fully decentralized blockchain model that seeks to replace existing institutions and financial systems, Velo Labs is planning a more practical path; the goal is not to replace but to partner for mutual benefit. Velo Labs will provide financial institutions with cutting-edge technology, resulting in faster and cheaper settlements and will also provide them with millions of customers for these financial institutions, enabling them to quickly build one of the largest and most efficient payment networks in the world.
Its network connects ‘Trusted Partners’, ranging from banks, credit unions, money service businesses (MSBs), cryptocurrency exchanges or licensed fintech companies through the power of blockchain. Velo Labs Trusted Partners can issue digital credits pegged to any fiat currency for use in their daily operations, using VELO tokens and Velo digital credits, its crypto asset.
The VELO token
The VELO token is Velo Labs’ utility token that provides access to its network and also functions as a super collateral for all partners by acting as a layer of collateral that supports every transaction. VELO digital credits are price stable tokens pegged 1:1 to local currencies like USD, EUR, etc., and allow for seamless transfer of value across the blockchain, without the risk that comes with volatile settlement assets.
A powerful and unique technology acts as a guarantor for all transfers in the network – digital credit is the medium of exchange, and the settlement is guaranteed at all times by the VELO Token.
In addition, the technology also gives partners the ability to conveniently transact across each other’s networks, without the need to create fiat bank accounts in each target market. Ultimately, this allows end users of each partner direct access to all the benefits and services of every other partner on the Velo Network. And for end users, individuals and businesses, what this means is cheap, fast and secure cross-border payments, across a growing number of currency corridors.
By connecting the legacy finance industries, CeFi and DeFi, Velo Labs positions itself as one of the few blockchain projects with a clear path to mass adoption.
Its chairman and founder is Mr. Chatchaval Jiaravanon, a senior member of the CP Group and we are led by Mike Kennedy, former CEO of Interstellar, and Co-Founder and former CEO of Zelle Network, the largest digital peer-to-peer payment network in the US.
VELO Crypto Assets
The last 24 hours VELO trading volume was $2,980,064 USD before listing on Indodax. Its current CoinMarketCap rating is #2756, with an immediate market cap not available. Circulating supply is not available and max. supply is not available.
How to Buy VELO Crypto Assets on Indodax
For those of you who want to buy VELO crypto assets, you can buy them on Indodax starting September 2, 2021 at 14:00 WIB. Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here.
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link.
- After your deposit and balance come in, you can return to the market.
- Look for VELO in the Rupiah market then click.
- After entering, you just have to buy by filling in the balance and at what price you want to buy it. You can also buy it instantly or directly at the current price.
- After that, you need to patiently wait for the price to increase for some time.
- After the price increases, you can sell at a higher price with the instant method.
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
