Vela Exchange is a permissionless, self-custody driven perpetual exchange built with innovative blockchain architecture to ensure fast transactions, secure trading, and extensibility into additional synthetic options and derivatives. The rewards structure of Vela Exchange is carefully balanced to manage token & rewards supply while maintaining high incentives for liquidity provisioning and trading. While perpetual trading is the first product of Vela Exchange, the long term vision of Vela Exchange is to provide traders with a home base complete with everything they need to trade crypto assets and leveraged products. This vision is always in motion at Vela Exchange and is an essential part of the Vela team’s ethos as we continue building in the cryptocurrency ecosystem.
Vela Token Price Analysis
As of October 11 2024 Vela Token has a marketcap of $3.1M.
This is {{percentagefromath}} from its all time high of $7.67.
In terms of its tokenomics, there's a total supply of 35M with 54% currently outstanding.
Keep in mind Vela Token has a fully diluted value of $5.7M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
