OKX announced the listing of Velo (VELO) on March 8, with the following schedule:
- VELO Deposits: March 8, 15:00 (HKT)
- VELO/USDT Trading: March 8, 17:00 (HKT)
- VELO Withdrawals: March 9, 18:00 (HKT)
👉 Discover how Velo leverages blockchain for seamless cross-border payments
Exclusive Campaigns for Velo Listing
🎁 Campaign 1: Deposit VELO to Win iPhone 12 (10 Units)
- During the first 48 hours after VELO deposits open, OKX will raffle 1 iPhone 12 for every $300K in on-chain deposits (max 10 units).
📊 Campaign 2: VELO Trading Rankings – Share $100K in VELO
- Users with ≥$1,000 in cumulative VELO/USDT trading volume (buys + sells) will split a $100K prize pool based on rankings.
⛏️ Campaign 3: VELO Order Mining – Share $100K USDT Prize Pool
- Minute-by-minute snapshots of limit orders (top 50 buy/sell levels) will calculate mining rewards from a $100K pool.
About Velo Labs
Founded in 2018 with a $20M investment from Thailand’s CP Group, Velo Labs aims to build a federated credit exchange network powered by its protocol. Key features:
- Digital Credits: Issued 1:1 against fiat currencies, collateralized by VELO tokens.
- Stellar Network Integration: Enables fast, low-cost transactions.
- Real-World Adoption: CP Group’s 12,000+ 7-Eleven stores, banks, and retail ecosystems drive utility.
Technology Highlights
- Decentralized Settlement: Trusted partners issue stablecoin-pegged credits settled via VELO tokens.
- Liquidity Bridge: VELO tokens facilitate value transfer between assets and the Velo network.
Strategic Partnerships
Velo collaborates with:
- CP Group, Lightnet, Visa, Kyber Network, Terra, Matrixport, and Asia Digital Bank to enhance cross-border payment solutions.
👉 Explore Velo’s roadmap for decentralized finance integration
FAQ
Q: What is Velo’s primary use case?
A: Enabling instant, low-cost cross-border payments for enterprises via blockchain-backed digital credits.
Q: How does Velo ensure credit stability?
A: Each digital credit is 100% collateralized by VELO tokens, maintaining a 1:1 fiat peg.
Q: Can individuals use Velo’s network?
A: Currently focused on institutional partners, with plans for consumer-facing wallets and lending services.
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