Thread by @RiddlerDeFi

1/ Are you fading $DXP at 1$?

#DEXs on Arbitrum are thriving & @vela_exchange public beta is 6 days away 🚨

Here's EVERYTHING to know about its upcoming catalysts 👇🧵

@vela_exchange 2/

TL;DR 🎙️

@vela_exchange is a promising self-custody #DEX 🔐

Once known as $DXP, it rebranded and it is soon to migrate on @arbitrum as $VELA

Bridging CEX features to DEX infrastructure to bring the best of the 2 worlds 🤝

@vela_exchange @arbitrum 3/

A quick $DXP/$VELA overview

Price: $1,02
Market Cap: $7,6M
Circulating Supply: ~7.5M $DXP

After the announcement, the price picked up and a new ATH, close to being broken again at 1$ 🚀

@vela_exchange @arbitrum 4/

What I'll cover in this thread:

🔹What is $VELA?
🔹@vela_exchange coming to @arbitrum
🔹THE Public Beta
🔹Security
🔹Other Updates

@vela_exchange @arbitrum 5/🔹

@vela_exchange is a self-custody DEX with the features of a CEX, handy to use

It has 3 basic products:

▶️Perps exchange
▶️Spot Exchange
▶️OTC Peer to Peer

But it's also working on more products

@vela_exchange @arbitrum 6/

After the resurgence of strong CEX fud, the DEX market has spiked up 📈

DEXs like $VELA 100% non-custodial are on the rise now

Vela is having multiple AMAs leaving behind a trail of Alphas and learning material 📚

@vela_exchange @arbitrum 7/🔹

One of the biggest announcements that set $DXP on the course for new ATHs 👇

Vela exchange is coming to @arbitrum and a public beta will be here soon (with rewards)

It will be used to test the new product, and it has the potential to generate some Hype 💥

👇👇👇

@vela_exchange @arbitrum 8/🔹

Let's get to the juicy part though 👀

An official date is here for the beta: the 18th of January 2023 🗓️

The public beta will bring forth new advanced trading features and will come after the completed audit

https://twitter.com/vela_exchange/status/1602416277464571904

@vela_exchange @arbitrum 9/

There will very probably be rewards for the testers 💰

The whats and the whys aren't clear yet, but the team promised to bring news every week

Keeping an eye on @vela_exchange is a must 👀

@vela_exchange @arbitrum 10/🔹

At the same time as the Beta, the @hackenclub audit is being worked on, and will be ready for the launch 🛡️

The team is also working with another auditooor to launch a bounty program 🎯

https://twitter.com/vela_exchange/status/1603850931954515968

@vela_exchange @arbitrum @hackenclub 11/

To stress how much the team is working on security, here's a tweet about the hiring of a new security dev

They really want to make their users feel at peace while using the DEX 🍻

https://twitter.com/vela_exchange/status/1605261819257290754

@vela_exchange @arbitrum @hackenclub 12/🔹

A $DOGE pair 💱

This one is not too common in DEXs, a $DOGE perp trading pair, with up to 30x leverage

It also features customizable stop losses and take profits, and a trailing stop feature ⚙️

This too will be available on the beta

@vela_exchange @arbitrum @hackenclub 13/

We don't know yet if there are plans for more new pairs, but I think (IMO) that $DOGE won't be the only surprise

For sure, you can now trade the OG memecoin without fearing CEXs insolvency issues 🏦

@vela_exchange @arbitrum @hackenclub 14/

Notifications 🔔

One of my favorite things about CEXs features is the possibility to set price notifications

Essential if you're making trading plans about coins, especially if you aren't trading them yet

@vela_exchange @arbitrum @hackenclub 15/

@vela_exchange has a wide array of notification features

They're fully on par with the likes of @binance or @coinbase

But as I already said, this is a #DEX, and you own your coin completely here 🔐

@vela_exchange @arbitrum @hackenclub @binance @coinbase 16/

A quick recap 📜

So, what's coming for @vela_exchange?

◾Public @arbitrum Beta (18th of January)
◾Hacken audit a new security dev
◾Bug Bounty
◾$DOGE perpetual pair
◾Notifications
◾Moon? 🚀🌖

@vela_exchange @arbitrum @hackenclub @binance @coinbase 17/

That's about it, but you should keep track of their socials as the team is giving new alpha every week

I'll leave the next tweet full of links for you guys to DYOR, always practice due diligence 👇🧠

https://twitter.com/vela_exchange/status/1602416294615166976

@vela_exchange @arbitrum @hackenclub @binance @coinbase 18/

Links 🌐

Twitter: @vela_exchange
Discord: discord.com/invite/vela
Telegram: t.me/vela_exchange
Medium: medium.com/@vela_exchange
Whitepaper: vela.exchange/whitepaper.pdf
Site (and newsletter): vela.exchange

@vela_exchange @arbitrum @hackenclub @binance @coinbase 19/

That was it for this thread 🧵

You know the drill 🫡

Follow me @RiddlerDeFi for more alpha 🧠 

Best way to support is to simply drop a RT + LIKE on the #1 tweet of this thread 🖤

https://twitter.com/RiddlerDeFi/status/1613602484026474503