Velo is a decentralized finance platform built on blockchain technology. The project aims to make everyday financial services available with minimal friction and low fees. With Velo, users can move digital assets in a direct, trust-minimized way, using assets that are pegged 1:1 to fiat currencies. Beyond payments, it also includes a trading platform and specialized offerings focused on real estate investing.

Velo’s native token is VELO. It functions as a utility token with a maximum supply of 30,000,000,000. The VELO token runs on Stellar and uses the Stellar Consensus protocol.

What are Velo’s key features and how does it work?

At its core, Velo provides a worldwide payments framework for businesses and individuals to send payment transfers immediately. It enables licensed financial institutions to work with Velo to create digital assets tied 1:1 to any local currency. Each newly issued asset is supported by VELO tokens deposited as collateral.

To support this system, Velo relies on two main mechanisms: a Digital Credit Issuance Mechanism and a Digital Reserve System.

Through the Digital Credit Issuance Mechanism, Velo partners-along with any business that has completed the Velo vetting process-can receive digital credits by locking VELO tokens as collateral within the platform. The Digital Reserve System uses an algorithmic rule set to manage VELO token pools, along with a rebalancing approach. This functionality is executed through smart contracts.

Velo Virtual Asset is another key component of the Velo ecosystem. It is focused on decentralizing real estate development investment, and works by tokenizing real estate to help broaden participation in the real estate market for users who previously lacked access.

The third Velo product is the Velo FCX. Velo FCX is a digital asset exchange platform. It targets both institutional traders and retail investors, offering tools such as one-click trading, liquidity pool aggregation with different APY values, and access to market, transaction history, and analytics. It also provides hield-yield staking on Velo Digital Assets.

Where can you buy VELO?

VELO can be traded on the CEXs and DEXs listed here. The most widely used venues with the most liquidity are Gate.io, MEXC Global, and KuCoin. VELO’s price will differ by exchange and by broader market conditions. For current and historical OVR price information, check the price charts on this page.