VelasPad

What is VELASPAD?

VELASPAD is the first launchpad dedicated to projects within the Velas ecosystem, aiming to fuel the future of mass-market blockchain applications. Built on the Solana codebase but enhanced with a custom-built AI-powered Proof-of-Stake (AIDPOS) consensus system, Velas stands out as a blockchain designed to support next-generation decentralized applications. Here's what VELASPAD offers:

• Deflationary Tokenomics: VLXPAD benefits from various deflationary mechanisms, including burn fees and sell fee redistributions.
• Tiered Allocation System: VELASPAD implements a guaranteed allocation tier system to ensure fair participation.
• High-Quality Projects: With a rigorous screening process, manual reviews, and competitor analysis, VELASPAD collaborates only with projects exhibiting genuine potential.
• BlueZilla Ecosystem: As part of the BlueZilla ecosystem, VELASPAD unlocks possibilities for cross-platform integrations and partnerships within an extensive project network.

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Recent Video Interview

Main points of the interview:

• Velas Community Lead Alexander Halimonchuk discussed Velas, the fastest EVM blockchain.
• Veles Wallet features: Simple transactions, staking, and compatibility with major networks.
• Veles Account: Fast, secure, user-friendly, ideal for gaming with low fees and fast transactions.
• Velas combines Solana's low transaction costs and high speed with Ethereum's EVM compatibility.

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How VELASPAD Works

VELASPAD operates as the first deflationary launchpad on the Velas Chain, offering a streamlined process for project launches and investor participation. At its core, VELASPAD implements deflationary tokenomics to incentivize long-term holding and discourage short-term speculation. Token sales incur a 10% fee, with 7.5% distributed to VLX stakers as rewards and 2.5% permanently burned, ensuring a reduction in token supply over time.

Additionally, VELASPAD introduces early unstaking fees, imposing a 25% burn fee on users opting to unstake before a specified period. However, those who wait eight weeks to unstake incur no fees, promoting commitment and stability within the ecosystem. With an initial market cap of just $130,000, VELASPAD offers a unique opportunity for early investors to engage with high-quality projects within the Velas ecosystem while benefiting from its deflationary mechanisms and tiered allocation system. Through these mechanisms, VELASPAD aims to foster a sustainable environment for growth, innovation, and long-term value creation.

BlueZilla's Line of Products

VELASPAD represents the next step in BlueZilla's cross-chain ecosystem of products, following the successes of BSCPad, ETHPad, and TronPad. With the introduction of VELASPAD, BlueZilla aims to organize, bootstrap, and incubate the initial wave of projects building on the Velas blockchain. Backed by proven anti-bot measures, trader-first liquidity systems, cross-chain bridges, and staking mechanisms, VELASPAD facilitates stable long-term growth for both VLXPAD holders and select projects.

Incubator Program

In response to the burgeoning IDO space, VELASPAD introduces an incubator program to identify and nurture the most promising teams and projects. Selected projects receive comprehensive support, including legal guidance, expert tokenomics design, development assistance, marketing exposure, and exclusive access to BlueZilla's IDO platforms for a successful launch. This program aims to elevate chosen projects to marquee status within the launchpad ecosystem, fostering innovation and growth in the Velas blockchain landscape.

How to Participate

To participate in the VELASPAD IDO, users must complete KYC and stake on the designated pad at least three hours before the event. The IDO will be conducted on BSCPad, ETHPad, KCCPad, and TronPad, with updates available on Telegram. Additionally, VELASPAD launches with an ultra-low initial market cap of just $130,000, offering an accessible entry point for early investors seeking opportunities within the Velas ecosystem.

Similar Projects

Similar projects to VelasPad: ADAPad, BSCPAD, Raydium, Solanium, WeWay, AIOZ Network, Akash Network, Aldrin, ALEX Lab...

Project Development

MetaFame, the groundbreaking metaverse gaming project, enters the arena with the invaluable support of VelasPad. Scheduled for its Initial DEX Offering (IDO) on April 15th, MetaFame leverages the capabilities of VelasPad to kickstart its journey towards revolutionizing the gaming industry. With VelasPad's backing, MetaFame aims to democratize fame and notoriety in the metaverse, providing users with the opportunity to immerse themselves in a world where anybody can become somebody. As MetaFame prepares to launch on multiple chains including the Pulse Chain, Binance Smart Chain, and Velas network, its collaboration with VelasPad underscores a commitment to innovation and inclusivity in the evolving landscape of metaverse gaming.

VelasPad Price Analysis

As of November 24 2024 VelasPad has a marketcap of $1.8M. This is {{percentagefromath}} from its all time high of $1.31. In terms of its tokenomics, there's a total supply of 434M with 100% currently outstanding. Keep in mind VelasPad has a fully diluted value of $1.8M 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.