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#TradFi systems are based on outdated solutions.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 🧵
#TradFi systems are based on outdated solutions.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.
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.
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.
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.
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
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
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.
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.
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
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.
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…
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…
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…
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
#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
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.
#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
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.
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
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…
$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.
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.
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.
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
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
https://twitter.com/MoonshotsApe/status/1627367706956640257?s=20
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