What currency is VELA? Is VELA coin worth investing in?

The full English name of VELA coin is Vela. The Vela introduced to you today is a platform suitable for people of any age, gender and nationality who like to play computer games and use social media or develop new games and applications. The current price of VELA coin is US$4.2369, which is relatively low, but there is room for growth and it has certain investment value. Together, the project and its users create a unique blockchain infrastructure that makes people happier, wealthier, and ready for a range of innovative and rewarding experiences never before seen. So what currency is this VELA? Investors want to know whether VELA coin is worth investing in? Let me introduce it to you below.

What currency is VELA?

The VELA coin introduced to you today is the native token of the Vela platform. It uses a unique payment system and rewards game players. In fact, Vela has developed an intuitive all-in-one e-commerce solution. Vela helps gamers discover new entertainment venues that they can interact with immediately without having to sign up for a new service account, safely and easily.

Vela is committed to bringing 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.

More reliable network structure, user assets, intrinsic value and higher degree of decentralization ensure 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-authority algorithm. The more coins you have in your wallet, the greater the chance of new blocks being generated. The algorithm guarantees a return of 6% per user.

Is VELA coin worth investing in?

The current value of VELA token is $4.2369, which is relatively low but has certain investment value. The Vela token sale will begin on October 10, 2020. The entire sale has been divided into 4 rounds, with different discounts on each Vela token’s base price ($0.05).

Vela Exchange is the latest exchange to go live on mainnet and is making waves in the crypto world. With features such as FX trading with up to 100x leverage and cryptocurrency trading with up to 30x leverage, as well as incentives for liquidity providers and traders, Vela Exchange is poised to become the platform of choice for decentralized trading.

The Vela team, co-founded by former BCG advisor Dan NFT_Djinn, has raised $2.1 million in multiple rounds of funding and previously operated under the name Dexpools ($DXP) before changing its name to Vela.

With the recent collapse of FTX and declining trust in centralized institutions, decentralized perpetual exchanges like Vela have a unique opportunity to break through and gain widespread adoption. Vela’s $VELA token is already trading at dexscreener.com/arbitrum/0x4c0… and the exchange has confirmed the airdrop to beta testers.

After understanding what currency this VELA is, everyone can better understand whether this VELA coin is worth investing in. The Vela community has experienced tremendous growth recently, amassing a large following on Twitter and Discord. The exchange now has over 70,000 Twitter followers and 40,000 Discord followers, something the Vela team is humbled by and grateful for the support of its new and existing members. The engagement and enthusiasm of the community continues to inspire the team, who are committed to creating a platform that meets the needs of its members and provides the best experience possible. Beta participants have a good chance of receiving the $VELA airdrop, and even though it may be diluted, it's still worth it.

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