Exchange Velo

velo Price Live Data

The live Velo price today is $ 0.0024 usd with a 24-hour trading volume of $865 927 usd. We update our VELO to usd price in real-time. Velo is down -0.55% in the last 24 hours. The current coinmarketcap ranking is #665, with a live market cap of $17 686 150 usd. It has a circulating supply of 7 390 475 415 VELO coins and the max. Supply of 23 999 976 609 VELO coins.

What Is Velo (velo)?

Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers for businesses using a smart contract system. The project's core mission is to enable partners to safely and securely transfer value between each other in a timely and transparent way. To do this, the Velo Protocol enables its partners to issue digital credits via a smart contract layer, using the Stellar Consensus Protocol to process and settle transactions. Within its ecosystem, the Velo Protocol enables multiple business use cases that are all based on its core function: issuing collateral-backed digital credits, which correspond to any fiat currency that can be used for frictionless value transfer.