If you are seeking something as fast as Ethereum 2.0, that is reliable and popular to supply, then Velas Token (VLX) is the right choice for you. The market capitalization of VLX currently is $549.11M.
The Velas ecosystem is designed to form the basis for Web 3.0, a new generation of a decentralized internet. Their decentralized products are smooth, can be understood intuitively, and are accessible to everyone.
You don’t need to be a tech genius to buy VLX. All you need is to read this article.
Velas is a Switzerland-headquartered ecosystem founded in 2019 by Alex Alexandrov, a founder of CoinPayments which is one of the top payment gateways for cryptocurrencies.
Alex was an investor and an advisor for Mind AI, a startup of Korean origin. Alex Alexandrov also consults several national governments such as the FBI and Europol about blockchain, AI implementation, technology, and cybersecurity.
Velas is a company led by a diverse team of business leaders, cryptographers, engineers, researchers, and mathematicians. Each employee comes from the top tier of their specialty.
Velas exists to combine Web 3.0 values and blockchain technology. Velas strives to create a decentralized yet community-driven, transparent, and accessible ecosystem of services and products. Thousands of apps and services can be built upon the Velas platform.
Reasons to Buy $VLX
The Velas coin may not sound as familiar as Bitcoin or Ethereum. However, many analysts have predicted its boom in 2022.
A list of reasons to buy $VLX coin:
- There is almost no gas fee. The amount of money you’ll pay for a single transaction is $0.00001.
- Velas can perform up to 75,000 transactions per second, which means no transaction will take forever to be executed! Research shows this metric can reach up to 710,000 transactions per second on a standard, gigabyte network. As a comparison, Bitcoin’s blockchain capacity is only 7 transactions per second.
- Velas uses Proof of History instead of Bitcoin’s Proof of Work consensus. Proof of History has a verifiable delay function requiring a sequence of steps to be executed. The result is a unique output that can be simply vetted and be used instead of a standard median timestamp practice in the Proof of Work model.
With such advantages, the VLX token has great potential, and the Velas blockchain is one of the best options for your app to be based on.
How Many VLX Are in Circulation?
The circulating supply is 2,276,903,440 VLX, the total supply is 2,281,785,132 VLX and the non-circulating supply is 4,881,692 VLX.
The personal data of all the account holders always remain private due to the Velas ecosystem structure.
* Supply numbers referenced April 2022.
Where to Buy VLX
You might consider only the most reliable exchanges for buying VLX. We’ll name some best options in this article for you to consider. After reading this, your question of “where can I buy Velas?” will be clear for you.
The Best Option to Buy VLX: The Velas Website
You can buy VLX on the official Velas website at https://buy.velas.com. By purchasing VLX on the Velas website, you will face no hidden commissions or gas fees, everything is secure and transparent.
To buy VLX simply select Velas EVM or Velas Native, enter your wallet address and type the amount you want to pay or the amount of VLX you want to receive.
This method of buying VLX does not charge any fees, all the fees and limits listed are set by the provider. To see the limits and fees in detail, click the information button (next to ‘Pay with’).
If you don’t have a VLX address to deposit your funds into, click the ‘Don’t have one?’ phrase. This will open a new tab where you can create the wallet smoothly, in many languages.
Gate.io — Your Gate to Cryptocurrencies
Gate.io is one of the global top 10 cryptocurrency exchanges, providing safe and transparent transactions. There are many currencies available, including the newest ones like $APE. The trading volume of this exchange reaches $100M daily.
How to Buy Velas (VLX) on Gate.io
- Go to ‘Trade’.
- Choose ‘Spot Trading’.
- Log in.
- Buy $VLX with a payment method of your choice.
Gate.io is a cryptocurrency exchange full of additional features like Smart Grid Trading or Time Condition Trading. Within Grid Trading, you can generate a custom AI Trading strategy to let your assets work for you even while you sleep.
There is currently no VLX trading available in the Margin Trading section on Gate.io.
KuCoin — Your Place to Buy VLX
KuCoin is an exchange where you can buy, sell, and trade cryptocurrency including VLX. It’s owned by Johnny Lyu, the CEO and founder of KuCoin. This exchange started in 2017 and now has more than 10 million registered users from over 200 countries.
Here is what you need to do to start trading your VLX coin.
- Log in to the exchange.
- Go to ‘Trade’.
- Choose ‘Spot Trading’ or ‘Margin Trading’.
- Choose a pair of VLX/USD.
- Start trading after you get the currency.
This exchange also has a Trading Bot feature, which can help you make profits.
BingX — A Place To Connect
BingX existed earlier under the name BigBon. They are focused on elite traders and connecting them to smarter investment strategies. This platform was founded in 2018 and was rebranded in 2021.
To start trading VLX on BingX, follow these steps:
- Log in to BingX.
- Go to ‘Spot’.
- Choose ‘Spot’.
- Select $VLX/USD pair.
- Start trading after your account is funded.
BingX allows everyone to copy the strategies of elite traders automatically. Their 30-day profits are shown right next to their usernames, so you can choose one that fits you the most and start copying their strategies.
CoinEx — A Comfy Exchange for Pro Traders
CoinEx was founded in 2017 by Haipo Yang and was led by the ViaBTC group. This exchange has pro traders as its main audience. CoinEx is extremely proud of its team consisting of employees coming from FAANG and other large international companies. CoinEx claims to be secure, stable, efficient, and an amazing place to belong for professional traders.
How to buy VLX on CoinEx:
- Log in to your CoinEx account.
- Choose ‘Exchange’ on the top menu of the website.
- Select the VLX/USD pair.
- Set a spot trading order if you want, or buy it via the provider of your choice after pressing “Buy”.
CoinEx may not be the most suitable place to learn trading. It may look confusing to someone not familiar with crypto exchanges. If you are a professional looking for a reliable place to trade and store your money, CoinEx could be the right choice for this goal.
PancakeSwap — A Good Place for Professional Swappers
This decentralized exchange (DEX) was founded at the end of 2020 by a group of anonymous developers. Some sources say that the team contained about a dozen people, including 2 co-leads and 10 engineers. Despite the anonymity of founders, the platform has run through several blockchain security checks and is proven to be reliable by reputable companies like Slowmist and Certick.
How to buy VLX on PancakeSwap:
- Open PancakeSwap.
- In the pop-up window, press “I understand” and “Import”.
- Select the currency you’d like to swap to VLX.
- Set the number of coins you’d like to swap.
- Connect your wallet to PancakeSwap.
- Conduct the transaction.
PancakeSwap is a place where you can swap cryptocurrencies in a fast and reliable way. There are many cryptocurrencies listed, including ones that are less well-known, giving you the possibility to discover gems and earn a lot.
With all the possibilities that the crypto world discovers, it may be complicated to choose the exchange that fits your needs. Hopefully, because of this article, you have found a place that is a perfect fit for buying your VLX tokens.
It’s highly recommended to use the official Velas website buy.velas.com because it is the most reliable way to get VLX tokens.