What is Velo (VELO)?
Velo is a blockchain infrastructure provider that aims to use blockchain to transform finance towards maximum interoperability and regulatory compliance, starting with a decentralized settlement network. The project was created in 2020 by Chatchaval Jiaravanon, and receives support from the likes of CP Group, Stellar Foundation, Uni-President, and UOB Venture Management to name a few.
In 2022, Velo merged with Evrynet, a service provider that helps build DeFi applications. The merger allows Velo to expand into other areas of financial services.
How Velo (VELO) Works
Velo has four core platforms:
- FCX, a digital exchange that primarily serves licensed financial institutions, money transfer operators, and forex traders.
- Universe, a DEX for individual traders.
- Quantum, a remittance platform.
- Orbit, a mobile payment application that integrates QR code and allows paying with digital assets.
Velo also offers auxiliary services as follows:
- The On/Off-ramp Service
- Velo Finance, a suite of common dapps for DeFi
- Warp, a hub that enables access to liquidity across different blockchains
- Nova, an EVM-compatible blockchain
To power their massive ecosystem, Velo deploys two types of token, Vstablecoins and VELO token. Vstablecoins are stablecoins issued by Velo, and currently, there is only VUSD, a USD-pegged Vstablecoin, in circulation. Meanwhile, VELO is the pillar in the Velo ecosystem. It is used as collateral to mint VUSD, governance rights, as well as access to other perks and benefits such as trading fee discounts.
How Many Velo (VELO) Tokens Are in Circulation?
VELO's total supply: 30,000,000,000
VELO's circulating supply: 4,984,154,058
How to Buy Velo (VELO)
Consider investing in Velo (VELO)? It only takes 2 minutes to create an account on Bitget and start trading VELO.
Check out the available VELO trading pairs on Bitget!
Spot market
*Note: Velo (VELO)'s token ticker in Bitget is VELO1
Velo (VELO) Resources
Simple 3-step guide to buying VELO1 today in Benin
Create your free Bitget account
Select a funding method
Complete your Velo purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Velo using a payment method of your choice:
Buy Velo with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Velo order.
How to buy crypto with credit/debit cardBuy Velo with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Velo is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Velo order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Velo order.Buy Velo with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Velo order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Velo in your Bitget spot wallet
Bitget—where the world trades Velo
How to buy Velo for free
- Learn how to earn Velo for free through the Learn2Earn promotion
- Earn free Velo by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Velo airdrops by joining ongoing challenges and promotions
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FAQ
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Benin, officially the Republic of Benin (French: République du Bénin), and formerly Dahomey, is a country in West Africa. Benin has a population of 12,844,921, and its official currency is the West African Franc (CFA). It will only take you a few minutes to cryptocurrencies with CFA in Bitget using P2P trading and other deposit methods.
The weather in Benin is hot and muggy. The average annual rainfall in the coastal region is 1,360 mm, which is not a lot for coastal West Africa. The two seasons in Benin are wet and dry. The main rainy season lasts from April to late July. From late September to late November, there is a shorter, less intense rainy season. In the south, there are primarily two types of landscape. Mangroves, fallow lands, and the remains of huge holy forests can all be found in Benin. The savanna in the rest of the nation is peppered with enormous baobab trees and coated in prickly plants. Benin has some famous landmarks such as Fondation Zinsou, Marche Dantokpa, Artisanal Center, Fidjrosse beach, Saint Michel church, and Place des Martyrs.
Wherever you are in Djougou, Porto-Novo, Parakou, Ouidah, Cotonou, Natitingou, Bohicon, or any place in Benin, Bitget will be available to provide you with a seamless crypto trading experience. The official language of the Benin Republic is French, and the Bitget website and app are available in French.