How many VELA coins are issued and in circulation? Introduction to VELA coin issuance and circulation

On the eve of the release of the Beta version of the Vela decentralized exchange, the exchange’s DXP token price rose sharply. The first release of the Vela exchange Beta version will be completed on January 31, and the VELA coin issuance is 10,000,000 VELA. Its circulating supply is 5,222,158 VELA. The Vela token also received attention on Thursday as the rebranded utility token was listed on Camelot, another DEX on Arbitrum, which could help with the rally. DXP on Ethereum and Metis can be swapped to VELA on Arbitrum. . Many investors want to know more about the issuance and circulation of VELA coins. Let me introduce it to you below.

#What is the issuance and circulation of VELA coins?

The issuance volume of VELA coin is 10,000,000 VELA, and its circulation volume is 5,222,158 VELA. VelaExchange is a decentralized exchange with advanced perpetual trading capabilities, community-focused incentives, and scalable infrastructure.

Vela Exchange’s first round of public beta registration has begun, and Vela Exchange is vigorously promoting its currently online BETA version. Vela Exchange is a sustainable trading platform based on the Arbitrum ecosystem, aiming to provide users with a complete and efficient trading method.

There has been a lot of discussion about decentralized trading in the market recently. Users hope to find a trading platform with self-custody assets, permissionless trading, seamless trading experience and no centralized authority. GMX and VELA are two of the platforms that have attracted much attention. The maximum leverage in GMX is 50x, while in VELA it can reach 100x. In terms of LP support, the maximum currency in GMX is 50% certain, while VELA achieves 100% certainty. In addition, LP holders in VELA can also receive up to 60% of platform fees.

How does VELA coin work?

Vela brings developers and players together. Developers can sell their games and app development on our portal. There will also be a turnkey application auction where anyone can purchase a pre-built solution and find work to develop. The combination of the three algorithms ensures a high level of blockchain security and protects the recorded data from any malicious behavior, including middlemen and 51% type attacks. Security is a top priority for public blockchains.

Vela is a reliable network structure, user assets, intrinsic value and a higher degree of decentralization ensuring a better reward distribution mechanism. Vela will be a virtual reality platform powered by the Ethereum blockchain. Users can create, experience and monetize content and applications. New blocks can be generated through a proof-of-stake algorithm. The more coins you have in your wallet, the greater the chance of new blocks being generated. The algorithm guarantees returns every 6%.

The VELA BETA version is divided into 3 levels. The first level starts from January 31st and is open to early participants; it will be open to all users from February 9th. Testers can trade, stake, and receive specific testing incentives. Throughout the testing period, BETA testers will receive VELA airdrops, and for Hyper VLP rewards, early VLP minters will receive an additional 10%-60% APR, and the program will reward a total of up to 2.5 million VELA tokens. For the repurchase mode, it is used to stabilize the supply of VELA and repurchase VELA as a reserve every two weeks.

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