Velo Price

Velo (VELO) is a cryptocurrency launched in 2020 that operates primarily on the BNB Smart Chain platform. Currently ranked #245 with a price of $0.01474, it has seen a -7.21% change in the last 24 hours with a trading volume of $5.63M. Velo is designed to enable digital credit issuance and borderless asset transfers for businesses through its blockchain financial protocol. The system utilizes smart contracts to facilitate secure and transparent value transfers between partners. With a market cap of $258.9M and a circulating supply of 17.56B VELO, Velo has a maximum supply cap of 24B VELO. The token is part of the Stellar and BNB Chain ecosystems, providing cross-chain functionality. The protocol aims to bridge traditional finance with blockchain technology, offering solutions for digital credit and seamless cross-border transactions. For more detailed information, you can visit their official website or review their technical documentation.

Velo was created on September 17, 2020. The cryptocurrency was officially launched on the blockchain and began trading shortly after. Velo operates primarily on the BNB Smart Chain (BEP20) platform, though it also has a presence on the Stellar network. Since its creation, Velo has developed into a cross-chain digital asset with multiple use cases within its ecosystem, focusing on financial services and digital payments.

Velo was founded by a team of blockchain and finance experts led by Mike Kayamori and Tridbodi 'Tri' Arunanondchai. Mike Kayamori is a seasoned entrepreneur with extensive experience in technology and finance, while Tri Arunanondchai brings deep expertise in financial markets across Southeast Asia. The founding team established Velo in 2020 with the vision of creating a digital credit and reserve system that enables trusted digital asset issuance and borderless value transfers. Their combined expertise in both traditional finance and blockchain technology has positioned Velo as a promising solution for cross-border transactions, particularly in the Southeast Asian market.

Velo operates as a cross-chain digital asset on both BNB Smart Chain and Stellar networks. The protocol uses blockchain technology to facilitate secure, fast, and low-cost value transfers between businesses and individuals. VELO tokens power the ecosystem, enabling digital credit issuance, federated exchanges, and stable coin transactions. The core mechanism involves a credit issuance system where trusted partners can issue digital credits backed by VELO as collateral. These credits can be redeemed across borders without traditional banking limitations. The protocol maintains stability through its reserve pool and algorithmic mechanisms. With a current price of $0.01474 and market cap of $258.9M, VELO has seen -7.21% change in the last 24 hours with a trading volume of $5.63M. The total supply is capped at 24B VELO tokens, with 17.56B VELO currently in circulation. The protocol continues to expand its ecosystem partnerships since its launch in 2020.

Velo operates on a dual-blockchain architecture. At its core is EvryNet, an extension of the Stellar blockchain that provides the foundation for VELO's financial operations. The system includes Warp, a specialized bridge that connects the Smart Contract Chain with the Stellar network, enabling seamless cross-chain functionality. The architecture interfaces multiple components: Trusted Partners, the Stellar blockchain, VELO protocol, and the Smart Contract Chain. This design allows Velo to leverage Stellar's speed and low transaction costs while gaining smart contract capabilities through BNB Smart Chain (BEP20). Velo also utilizes a federated consensus mechanism inherited from Stellar, which enables fast transaction processing while maintaining security. The total supply is capped at 24B VELO, with 17.56B VELO currently in circulation, ensuring controlled token economics within this technical framework.

Velo has an ambitious roadmap focusing on expanding its DeFi ecosystem. In 2025, VELO plans to integrate with XRP Ledger to enhance its Universe decentralized exchange platform. This strategic move aims to strengthen Velo's position in enterprise-facing DeFi infrastructure. Key roadmap highlights include: • Enhancing digital lending capabilities • Developing borderless asset transfer solutions for businesses • Expanding cross-chain functionality • Growing the BNB Chain and Stellar ecosystem integration With a maximum supply of 24B VELO and current price of $0.01474, Velo is positioned to leverage its Stellar ecosystem foundation while expanding its utility. The team continues to focus on building enterprise solutions that facilitate seamless digital asset transfers across borders, potentially driving adoption and value in 2026-2027.