Velo

What is Velo?

Velo's mission is to revolutionize the world of blockchain utility through the transformational power of blockchain technology. Starting with the development of a decentralized settlement network, Velo aims to enable participants to safely and securely transfer value between each other in a timely and transparent manner. The project aims to address the shortcomings of today's financial services, which are often based on outdated and slow legacy systems. Combining aspects of Web 2.0 and 3.0, Velo Labs' "Web3+" ecosystem serves as a core infrastructure to onboard current global economic activities to the blockchain, with a focus on multi-asset interoperability and compliance-friendly approaches.

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Recent Video Interview

Main points of the interview:

• Velo’s goal to bridge traditional finance with Web 3, focusing on building financial services that integrate Web 2 and Web 3 technologies.
• Velo Labs is developing a suite of products: Universe, Orbit, and Nova Chain.
• The Velo token, initially collateral for stablecoins, now incentivizes ecosystem participation and rewards.
• Velo Labs is partnering with PTL Holdings to address remittance issues and integrate Web 3 solutions with real-world assets.

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The Core Vision

In efforts to build their products, Velo Labs recognizes the need to find solutions that comply with the existing regulatory framework, especially concerning the utility of cryptocurrencies. A hybrid solution that combines real-world legacy services with Web 3.0 technologies is deemed necessary for mass adoption and usage.

The core focus of Velo is to construct a next-generation financial platform around the concept of "Web3+." This entails integrating fundamental aspects of Web 3.0 technology such as trustlessness, decentralization, and distributed ledgers with important elements of traditional finance to ensure maximum interoperability and regulatory compliance.

• Trustless with Smart Contracts: Velo is creating a trustless financial infrastructure that supports crypto payments and smart contracts, enabling cheaper, faster, and more accessible financial transactions without relying solely on trusted intermediaries.
• Formless with Fractional Transactions: Velo's Web3+ ecosystem allows all assets to be transacted against their real-world value, enabling fractional investments and transactions tailored to individual needs.
• Borderless with Financial Inclusivity: Velo is building an ecosystem for the borderless transfer of currency and assets, facilitating financial products and services accessible to users worldwide.
• Limitless with Web3+ Powered Infrastructure: Velo envisions a world of limitless financial innovation powered by its Web3+ ecosystem, seamlessly integrating with traditional finance networks to provide users with unparalleled financial freedom.

Key Components of the Velo Project

The Velo project encompasses several key components:

Quantum: A Lightning-Speed Remittance Network

Quantum connects trusted partners, providing lower fees, faster transactions, and broader coverage, thereby enhancing the overall efficiency and accessibility of the Velo ecosystem.

Universe: A Multi-Chain Super DEX

Universe enables global asset trading with low costs and high performance, offering users the flexibility to connect to a decentralized, self-custodian wallet while supporting a centralized trading engine for high-frequency trading.

Nova Chain: An Affordable Universal Blockchain Network

Nova Chain interconnects the Web3+ ecosystem with an EVM-compatible blockchain, facilitating frictionless transactions and enhancing interoperability within the Velo network.

Orbit: A User-Friendly Crypto Transfer App

Orbit simplifies crypto transfers through a user-friendly mobile application, allowing users to execute transactions quickly and conveniently via a simple "Scan-and-Go" model.

VELO Token: The Utility Token of the Velo Ecosystem

VELO tokens serve as the primary means of transferring value within the Velo network, functioning as collateral and an entrance requirement to access various services and features offered by the platform.

Team Background and Partners

The Velo team is led by Chatchaval Jiaravanon as Chairman and Tridbodi Arunanondchai as Vice-Chairman. Their expertise guides the project towards its goals. Additionally, the team benefits from the advice of notable figures in the blockchain and finance sectors. Jed McCaleb, Co-Founder of the Stellar Development Foundation, provides invaluable insights, as does Prof. David Mazières, a leading Computer Science Professor at Stanford and Chief Scientist of the Stellar Development Foundation.

Prof. Robert Townsend, an esteemed Economics Professor at MIT, Carnegie Mellon, and the University of Chicago, offers his expertise. John Ng Pangilinan, Founder of Signum Capital, and Paul Veradittakit, Partner at Pantera Capital, round out the team of advisors, providing strategic direction and industry knowledge to propel Velo forward.

Velo partners with Cactus Custody, Copper, Inception, KogoPay, Lightnet, SEBA, Stellar Foundation, and Visa. Additionally, the platform enjoys investment by CC Group, DU Capital, Everest Ventures Group, Hanwha, Hashkey Capital, 7 Bank, Signum Capital, Uni President, UOB, Lda Capital.

Project Development

The latest update for Universe Wallet, available on both iOS and Android, introduces a range of powerful tools and a personalized experience for users. This comprehensive overhaul enhances every aspect of crypto interaction, making trading more intelligent and flexible. Users can now explore automated trading with Lightyear Grid Trading & Rebalancing Bots, utilize precise Profit/Loss & Liquidation Calculators, and automate trades with advanced Take Profit & Stop Loss settings.

Additionally, the update allows for custom nicknames and profile picture uploads, providing a unique and engaging user experience. But the evolution doesn't stop here; the Universe Wallet team is committed to continuous improvement, promising even more innovative features in the future. If you're ready to elevate your crypto management, download the latest version of Universe Wallet from the App Store or Google Play Store and embark on a revolutionary crypto journey today.