Most Underrated Coin
Greetings Velonians and Crypto Enthusiasts!
Welcome to Velas Philippine Channel. This week we will talk about Velas and how it came as the most underrated coin in the cryptocurrency space right now.
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Underrated — underestimate the extent, value, or importance of (someone or something)
We cannot say Velas is underrated without having some deciding factors about it. Technology, Tokenomics, Community and Thoughts are certain areas we would tackle to break down details and efforts of Velas to give a good Blockchain Network for future DApps.
But before that we will talk about Velas, about anything that happens around it and how it is underrated based on some logical explanation.
- Total Supply — 2,096,884,242 VLX
- Circulating Supply — 1,411,700,709 VLX
- Marketcap — $56,559,601 USD
- Price per Coin — $0.040015 USD
You can check this on CoinMarketCap.
What is Velas?
Velas is self-learning and optimizing the blockchain platform for secure, interoperable, extremely scalable transactions, and smart contracts. Velas uses AI-Operated DPOS (AIDPOS) consensus to secure the blockchain for high volume transaction processing without sacrificing decentralization, stability, and security.
Through the use of intelligent AI-operated DPOS consensus algorithm, corruptible human dependencies are removed resulting in a fault tolerance system preventing most major issues like the 51% attack and nothing-at-stake problem.
Aside from it’s optimal Blockchain Network, it also has products such as Vortex (Decentralized Video Streaming and Sharing Service) and Velasphere (Decentralized File Storage and Decentralized Cloud Computing).
- AIDPOS coin which gives rewards to Masternodes, Delegates and Stakers
- Blockchain Network to be utilized by future projects, inline with AI technology, or if they want a viable network that is future proof because of it’s scalability features.
- Vast products to utilize the VLX coin supply.
- Ultra Fast Network, capable of 30k tps and minimal gas fee.
Refer to this link for more details:
What is Velas?
Abstract Velas is self-learning and optimizing the blockchain platform for secure, interoperable, extremely scalable…
Velas is the first AI-operated delegated proof of stake blockchain, that allows building decentralized applications and…
Multi-currency Wallet — You can store VLX and other cryptocurrency in the Velas Multi-currency Web Wallet, Mobile Wallet (iOS/Android) and Hardware wallet that is powered by BC Vault.
Using these wallets, you can stake your VLX (Hardware Wallet under development) and earn your rewards. This handy feature helps every user to ensure security in the network while getting rewarded at the same time.
Vortex(In Development) — Decentralized Video Streaming and Sharing Service
Velasphere(In Development) — Decentralized File Storage and Decentralized Cloud Computing
Velas Block Explorer — A browser of the Velas Blockchain Network. Contains valuable information about Velas of every transaction that is happening to it.
Node Staking — Compared to Proof-of-Work, Node staking is a less resource-intensive alternative that rewards users by staking coins in their wallet or exchanges.
There are several options to stake $VLX coins. For as much as 1Million $VLX to run a masternode, 10k $VLX to delegate staking and 1$VLX for exchange staking.
**Rewards do differ in every tier.
There is too many things that is happening right now with Velas. From the continues upgrade on Tech (Wallet, Network, Products), they never miss to let the community know what they are up to.
Here are some reports, updates/developments and segments they host, consistently from the past few months or so.
Ecosystem Report 1–6 respectively (Medium)
Ecosystem Report 1–6 respectively (Youtube)
Tech Report (Youtube)
Things you might not know about Crypto Segment
Tutorials to make your life easy
Velas is doing it’s best to keep it’s community updated. As we all know, the community is the heart of a project, all the developments, all the future upgrades and updates are made for them and by having these reports Velas is letting them know what under the hood and being as transparent as possible.
How many “good projects” we consider that lacks transparency? You just know what they are up to when it already happen and it is all for the part of personal gains. In Velas, get it fresh, there is nothing to hide, it is all laid in the table, you decide.
Technology, Use Case, Community and Thoughts
- First Blockchain Network to implement AIDPOS removing human control enabling true decentralization
- One of the best Consensus Algorithm to provide security
- Scalable Network up to 30k Transaction Per Second
- Rewards users (Masternode Operator, Delegators, User Staking)
- Adaptable for future Blockchain inefficiency because of AI integration.
Utility Use Case
With the fixed supply nature of Cryptocurrency, Velas is expanding it’s coin usage to increase value over time. With the amount of supply, price is mostly determined on how useful it is, the more usage it could have perceives better value.
- Masternode Operator — 1M VLX
- Delegator — 10k VLX
- Exchange Staking — 1 VLX
- Network Gas Fee
- Velas Products (Velasphere, Vortex)
Vital to every project’s growth is the community. Users is what makes adoption possible and is the key to the success of every project. With Velas, they take care of their respective communities whatever the number.
Currently, there are 14 Telegram Channels spread around the globe to share awareness about Velas and to also help crypto enthusiasts have a good time with our humble community managers.
For those who want to enter their respective local community, feel free to do so. Regardless, every community will disseminate correct information about Velas.
Velas is underrated because of it’s advance technology that gives a scalable solution to it’s blockchain network. Admit it or not, Velas is not in your radar since it is not shilled by your favorite influencers.
Velas is doing consistent efforts to deliver tutorials to improve customer experience. Velas also has segments to entertain the community with on idle, waiting for the next update or event. This just serve as an indicator how Velas is taking care of it’s community and make them comfortable supporting the project.
Velas is a great project. We could say that they are very well known to every corners of the globe because of the community they have. They are also doing a great job to showcase everything that is going on with the project and provide tutorials for users to give optimal user experience. Velas is underrated, because if it ain’t, this coin would surely be one of your best picks.