MoonshotsApe Profile picture
Feb 19 25 tweets 18 min read
1/
#TradFi systems are based on outdated solutions.
They're slow, expensive, restrictive and fail to meet the needs of the world today.

@veloprotocol addresses these issues by merging the #TradFi infrastructure with #Web3 technology.

Let's take a closer look.

$VELO 🧵
2/
It needs to be said that completely uprooting the current financial system would bring more harm than good.

#VELO chooses to improve the existing infrastructure, make it more accessible, rather than attempt to overthrow it.

Cooperation over competition. Sensible and mature.
3/
What solutions does #VELO intend to bring to the table?

1. #Decentralized settlement network
A secure and fast way for people to transfer value directly to each other without intermediaries or centralized control, which offers greater security, transparency, and speed.
4/
2. Quantum
A remittance platform that allows users to send and receive money across borders using #cryptocurrency.
It is designed to be fast, secure, and cost-effective compared to traditional remittance services.
5/
3. Digital Reserve System (DRS)
#VELO's DRS enables financial institutions to create and manage their own digital currencies - Vstablecoins.
This will allow for new products and a more versatile financial system within the #VELO ecosystem.
6/
4. Federated Credit Exchange (FCX)
Trading platform focused primarly on licensed financial institutions, money transfer operators, and FX traders.
It acts as a #B2B anchor between financial networks.
Assest on FCX will be traded in pair with $USDV, #VELO's native stablecoin
7/
5. Universe
A multi-chain #DEX for individual traders.
Comes with a #SelfCustody wallet.
Initially offering #perpetual contract trading with leverage, will later add spot trading for other assets apart of #crypto such as:
- commodities
- currencies
- equities
- indices
8/
6. Orbit
A secure mobile payment app that integrates with the QR code payment system prevalent in Southeast Asia.
Payments can be made using either Vstablecoins or #crypto, depending on merchant's prefered payment acceptance.
9/
7. #Velo Finance
A set of #dApps for traders and liquidity providers in DeFi.
Swaps, pool, farming etc.

8. Warp
An all-network #crosschain bridge.

9. On/Off fiat ramp
Eliminating the need for CEXs to on- and off-board $VELO's ecosystem.
10/
And last, but not least..

10. NOVA
#VELO's gas fee token. It won't have any monetary value and won't be tradable.
Comes with an inbuilt mechanisms preventing users for hoarding NOVA, which could impact the network negatively
11/
As you can see #VeloProtocol has pretty ambitious plans and comes with a wide range of well thought through solutions, both business and retail oriented.

Best part of it is that they have experience, money and connections to deliver on them.

Let's take a look at their crew.
12/
Chatchaval Jiaravanon - founder and Chairman of #VELO

Entrepreneur through and through.
Founded and managed successful companies, and held executive positions in public and private corps across multiple industries

This guy knows how to run business.

medium.com/veloprotocol/t…
13/
Tridbodi Arunanondchai - Vice-Chairman

Just like #VELO's Chairman he too can boast being an entrepreneur at heart and having a proven track record of building and running prosperous companies

everipedia.org/wiki/lang_en/t…
14/
Mike Cowans - current CEO

Prior to #VELO, he held executive roles at:
- @Ciphertrace
- @Ripple
- @IBM
He has both experience and expertise in the tech industry.

medium.com/veloprotocol/v…
15/
#VeloProtocol's advisory board is stacked with high caliber pros.

Jed McCaleb - Co-Founder and Chief Architect at @StellarOrg
David Mazières - Co-Founder and Chief Scientist at @StellarOrg
16/
Robert Townsend - Economics Professor at @MIT
John Ng Pangilinan - Founder of @Signum_Capital
Paul Veradittakit - Partner at @PanteraCapital

Source: velo.org/team
17/
#VELO's ties in the world of finance and #blockchain is also worth attention.

They can brag having big names like @StellarOrg and @Visa on their list of business partners.
18/
Where does $VELO token fit in all of this?

As you can see #VeloProtocol ecosystem provides a comprehensive set of tools for both retail and business alike.

$VELO serves as a gateway to this ecosystem
19/
Institutions and businesses need $VELO as collateral for digital credits to use #VeloProtocol.

That ensures security and reliability of #VELO #blockchain.

Demand for digital credits and therefore $VELO will grow as more trusted partners and end-users join the ecosystem.
20/
Additionaly, users can stake $VELO to reduce fees for trading on their Universe #DEX.

And use it for voting on fees, referral commission and new projects on #Velo chain.

These mechanisms that will create a further demand for $VELO
21/
$VELO tokenomics

Total supply: 24 billion

Possibly deflationary - they've burned 6 billion tokens, and consider burining more in the future

Circulating supply: close to 5 billion

Noteworthy - they've decreased their initial emission

Read more: velo.org/blog/velo-toke…
22/
In summary..

From the product itself, a robust ecosystem, through their team and business partners, to a sensible approach to tokenomics, #VeloProtocol tick the necessary boxes for a successful project.
23/
The fact that $VELO manages to stay under the radar of so many honestly puzzles me.

Then again, that's a sign of being early..
..and it's good to be early

In my opinion #Velo is a multi-billion company in the making. Time will tell, but I'll take my chance.
24/
If you're interested in buying $VELO, it is available on both @kucoincom and @MEXC_Global .

Register through linktr.ee/moonshotsape for a discount on fees.

I highlight that this is not a financial advice, and you should #DYOR before making any moves.

It's your decision.
25/
That was a monster of thread. Congrats for making it all the way through

What're your thoughts on $VELO?
Let me know in the comments

Also, if you found value in this write-up I appreciate if you drop a like and retweet, to spread the word

Take care

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More from @MoonshotsApe

Feb 17
1/
Let's be honest, we all love #airdrops.

Free #crypto? Yes, please!

One of the easiest way to get an #airdrop is via exchange #launchpad, and it just so happens that #MEXC started a new session for a #GameFi token

Interested?

Dig in for details 👇🧵
2/
What are we getting?

$AMG is a governance token of @DeHero_official, a #P2E #NFT based trading card game.

#GameFi sector of #crypto.

Total Supply: 100,000,000 $AMG
Allocated to #MEXC #Launchpad: 1,000,000 $AMG

More details on tokenomics below 👇 Image
3/
#Play2Earn games like for example..

@AxieInfinity $AXS
@decentraland $MANA
or @illuviumio $ILV

..did great during last bullrun.

I think that $AMG #airdrop is definitely worth giving a shot.
Read 6 tweets
Jan 8
Why $AZERO has one of the best-designed #tokenomics in the #crypto space?

🧵
1/
The total supply of @AZERO is currently 320 mil coins

Compared to some other popular L1 protocols out there like..

$SOL 540 mil total
$DOT 1.2 bil total
$MATIC 10 bil total

$AZERO is a much scarcer resource
2/
Remember that scarcity is the main driver of price appreciation when demand increases.

$AZERO takes advantage of the above principle.
Read 15 tweets

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