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WebsiteKucoin Launchpad

VELO

IEO

Velo is a blockchain based financial protocol enabling digital credit issuance and borderless asset transfer for businesses using a smart contract system.

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Overview

Project industryFinance Services & Banking
Product typeEcosystem
FoundedVirgin Islands (British)

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What is VELO

The Velo Protocol is a value transfer engine that consists of two components: a Digital Credit Issuance Mechanism and the Digital Reserve System. Together, these components allow Trusted Partners to tap into the reach, operational efficiency, and transparency of the Velo Protocol and its underlying distributed ledger technology. The Velo Protocol enables multiple business use cases that are all based on its core function: issuing a collateral backed digital credits that can be used for frictionless value transfer.

Problem

Existing financial infrastructure, particularly in South East Asia, creates a money transfer market that is fragmented and uncompetitive, resulting in high transaction costs as transfers are passed through multiple middlemen. While distributed ledger technology offers a simple solution. extreme price volatility and regulatory compliance issues in cryptocurrencies discourages real world adoption of blockchain based solutions.

Solution

Velo solves this problem by issuing bespoke digital credits on the blockchain that are tailored to suit a business’s needs. The VELO token acts as collateral to ensure settlement, representing the value of digital credits and fiat deposits in the network. Velo will promote real world use cases for the VELO tokens and digital credits by building a network of partners that have both physical and digital reach. The result will be to improve the lives of millions of underbanked and underserviced people around the world by empowering the businesses that serve them with the latest technology.

KEY FEATURES

  • Digital Credit Issuance
  • Velo opens new opportunities for businesses that are seeking innovative ways to serve the unbanked and underbanked population across the global
  • Digital Reserve System
  • The Digital Reserve System is an algorithmic rule set implemented by smart contracts that manage many aspects of the Velo Protocol. Its’ goal is to foster secure digital credit settlement by managing the pools of VELO token collateral backing the credits through a rebalancing mechanism

    Details

    IEO (Kucoin Launchpad): Sep 05, 2020 - Sep 16, 2020
    Token supply: 30,000,000,000 VELO
    Total tokens for sale: 75,000,000 VELO
    Hard cap: 2,000,000 USD

    Legal

    Blockchain Platform: Stellar
    Registration country: Virgin Islands (British)

    Token info

    Ticker: VELO
    Type: Utility-token
    Token price in USD: 1 VELO = 0.05 USDT
    Token distribution:
    Exchange Listing - 0.7%
    Private Placement - 4.9%
    Founders - 10.0%
    Velo Development Reserve - 23.3%
    Early Backers and Team - 7.9%
    Market Development - 18.3%
    Future Development - 18.3%
    Reserve - 16.7%

    VELO Roadmap

    1
    Q4 2020
  • Velo Protocol
  • TestNet
  • Dashboard
  • Wallet
  • MainNet v1
  • 2
    Q1 2021
  • Digital Credit Issuance
  • Digital Reserve System Upgrade
  • 3
    Q2 2021
  • Velo Decentralized Exchange
  • Velo OTC Service
  • 4
    Q3 2021
  • Decentralized Lending of Digital Credit
  • Voting on Changes to Velo Protocol
  • 5
    Q4 2021
  • Reputation System
  • Velo Decentralized Settlement Network
  • Project team

    Chatchaval Jiaravanon
    Chatchaval Jiaravanon
    Chairman
    Chatchaval Jiaravanon linkedin
    Tridbodi Arunanondchai
    Tridbodi Arunanondchai
    Vice Chairman
    Suvicha Sudchai
    Suvicha Sudchai
    Chief Product Officer
    Ilya Zusman
    Ilya Zusman
    Digital Finance Director

    Advisors

    Michael Cowans
    Michael Cowans
    Commercial Advisor
    Gaurang Desai
    Gaurang Desai
    Economics Advisor
    Jed McCaleb
    Jed McCaleb
    Founder and Chief Architect of The Stellar Development Foundation
    David Mazières
    David Mazières
    Founder and Chief Scientist of The Stellar Development Foundation
    Paul Veradittakit
    Paul Veradittakit
    Partner at Pantera Capital
    Professor Robert Townsend
    Professor Robert Townsend
    Economics Professor at MIT
    John Ng Pangilinan
    John Ng Pangilinan
    Founder and CEO of Signum Capital
    Hongliang Lu
    Hongliang Lu
    Founder of UTStarcom​
    Tana Pothikamjorn
    Tana Pothikamjorn
    CEO of Kasikorn Line
    Allen Ng
    Allen Ng
    Co-founder & CEO of Everest Ventures Group
    Chen Zhuling
    Chen Zhuling
    Co-founder of Aelf​
    Will Wang
    Will Wang
    Investment Director of Ausvic Capital​

    Social media

    VELO web-siteVELO MediumVELOYouTubeVELO TelegramVELO LinkedInVELO TwitterVELO Github

    User rating:

    5/5 ( 1 )
    1

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