Thread by @Gemhunter9000

Perp DEX's are blowing the fuck up right now. See $GMX, $GNS, $MVX, $PALM. And with good reason - they provide an extremely lucrative revenue stream which translates to #RealYield for their communities.

Say hello to a new contender: $DXP (soon known as $VELA)

Quick🧵 (1/7)

1⃣ What is @vela_exchange?

✅DEX synthetic perpetuals with 30x leverage (including #forex pairs!!!)
✅P2P OTC trading options (already live as dexpools.com)
✅Spot DEX instant swaps

Undergoing rebrand from $DXP to $VELA & launching on #Arbitrum in December!

2⃣ Token info

Current circulating tokens: 6mil
Total supply: 100mil
Current Price: 60c
Marketcap: $3.6mil (FDV $60mil)

(If FDV scares you, know that there are multi year vesting schedules & funding limits in place 👇)

When launched, $DXP will swap to $VELA 1:1

continued...

Staked $VELA will receive a share of platform fees, per below:

🥩Perp fees:

• 55% to vUSD (LPs)
• 20% buyback (eVELA)
• 25% treasury

🥩Spot fees:

• 40% traded token
• 30% buyback (eVELA)
• 30% treasury

See flow chart 👇

3⃣ My thoughts

At $3.5mil mc, this micro cap will x3 minimum on launch/Arbitrum hype alone imo. If the product is decent (and looks like it will be) and grabs even a small % of perp DEX marketshare, this can easily x50-100 peak next bullrun.

4⃣ $DXP Links (DYOR)

Project Site: vela.exchange (& sign up for beta)

Doxxed Team: dexpools.com/team/

Dextools (ETH): dextools.io/app/en/ether/p…

Dextools (Metis): dextools.io/app/en/metis/p…

Contract (ETH): etherscan.io/token/0x88aa4a…

Whitepaper: vela.exchange/whitepaper.pdf

Tagging the twitter alfa gods

@CryptoKaduna
@LouisCooper_
@realdogen
@AlphaSeeker21
@Crypt0_Andrew
@BraverCrypto
@bowserfinance
@RomeoTrades
@rektdiomedes
@reptilepres
@BarryFried1
@cryptocross0ver
@DefiIgnas
@AlphaCryptOmega

@vela_exchange