Velo
VELO#331 by market capNot covered. The criterion it missed: homepage could not be fetched (HTTP Error 429: Too Many Requests).
Velo is for putting real assets on chain. We have not written its record yet, so its promises are not checked. It trades at $0.0042, #337 of all coins by size, 100% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #28 of 146 real-world asset coins. Nothing to be careful of on the record.
Is it real?
ExpandCollapse
3 of 4
- ✓A real-world jobReal-world purpose: putting real assets on chain
- ✓Real backingBacking: trades on Crypto.com, Kraken, Binance US
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $74.27M, 90 times smaller than Stellar, the biggest coin within reach doing the same thing (Real World Assets (RWA))
Listed on 6 big exchanges
- Origin8 March 2021about about 5 yearsvelo.org, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Crypto.com, Kraken, Binance US, OKX
- Standing on the recordNo recordNo dated promise to judge yet1 headline last monthNo corrections needed so far
It is already worth more than the typical coin in Real World Assets (RWA) ($12.83M). To match the leader, Stellar ($6.68B), its price would need to rise 8891%, to about $0.3801.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
- Only 1 headline named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
ExpandCollapse
Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
ExpandCollapse
Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Putting real assets on chain
148 coins tagged Real World Assets (RWA), worth $49.2B together. #30 of 148 by worth.
Real World Assets (RWA): this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Velo$74.27Mthis coin−1.6%no maxno record
Stellar$6.68B89.9× bigger, +$6.6B+3.8%, gap +5.5no max0 of 20 delivered
Ondo$1.69B22.8× bigger, +$1.62B−2.0%, gap −0.449% outno record
Blockchain Capital$970.8M13.1× bigger, +$896.54M+0.0%, gap +1.7no maxno record
Quant$921.15M12.4× bigger, +$846.88M−1.0%, gap +0.7100% outnone dated
Algorand$854.28M11.5× bigger, +$780.02M−2.1%, gap −0.590% out2 of 7 delivered
Injective$597.78M8.0× bigger, +$523.51M−2.4%, gap −0.7no maxnone dated
XDC Network$569.07M7.7× bigger, +$494.8M+2.2%, gap +3.8no maxnone dated
Real World Assets (RWA): this coin next to Stellar, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Velo says
- Velo Labs is building a unique federated credit exchange network.
- Stellar says
- Stellar says it is a public blockchain that lets anyone build payment experiences that feel more like using cash than typical cryptocurrency.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers for businesses using a smart contract system.
Problem it says it solves: putting real assets on chain. 148 coins are working on it and together they are worth $49,197,548,476. This coin is 0% of that.
Where it trades: Crypto.com, Kraken, Binance US, OKX, Bybit
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
ExpandCollapse
Real World Assets (RWA): this coin next to the group's largest, Stellar.
| Velo | Stellar | |
|---|---|---|
| Years trading | 6 years | 12 years |
| Major exchanges | 6 | 10 |
| Named backers | 0 | 0 |
| Headlines, last month | 1 | 87 |
| Promises delivered | no record | 0 of 20 |
What it says is different: Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers…
It is 1.1% the size of Stellar. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
ExpandCollapse
The last 7 days
Where today sits against its highest ever price
Highest ever: $2.29 on 8 March 2021. Today is 0% of that.
73%
of all VELO that will ever exist is already out in public hands: 17.56B coins.
27% (6.44B coins) is not yet created or held by the project. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 17.56Bin circulation of 24B total. No hard maximum is set, so more can be created.
- 1.4×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $2.29 on 8 March 2021. That is −99.8% from the top.
- #337by market cap, $74,267,303.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $74.01K is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
ExpandCollapse
Headlines per day, last 30 days
1 headline named this coin in the last month.
What they were about
- Price1
Why it movedDown 15% this week. No headline named it in the last three days, so the move is not explained by news we can see.
Headlines are the publishers' own. News is never placed next to price.
The record itself
Not covered. The criterion it missed: homepage could not be fetched (HTTP Error 429: Too Many Requests).
ExpandCollapse
Six facts, the project's own replies, its peers, contract facts, references and every stored copy