Ticker
VELO
Invested
Status
New Submission
CEX
KucoinGate.ioHTXMEXCBybit OKX Crypto.Com
DEX
UniswapPancakeStellarTerm
Date
May 29, 2024
LP Comments
LP1
13.5m
LP2
617k
Platform/Blockchain
BNB Smart Chain Stellar
Project Website
Researcher Email
Luke.Johnson@siemens.com
Researcher Name
Luke Johnson
Risk Level
High
TVL
TVL Link
Team Experience
Both co-founders have investment banker experience. One helped form Lightnet group. Both have their hands in a lot of different ventures, potentially spreading them thin. Seemingly good team of advisors on-hand.
Team Link 3
Team Quality
B
Trend
DeFi/Platform
Use Case
+69% 60D% | Pumped on exchanges/networks adding to their portfolios. Uniswap +$7M (last 30D), Bybit +$5.4M (30D), HTX & 1inch +$5M (30D). Also started the pump on 3/26/24, seemingly in line with the news on Blackrocks Crypto fund BUIDL.
Initial Researcher
Notes
Notion Link
SpecialProject
60 Day % Gain
Tokenomics
Velo tokens are used to fund blockchain remittance transfers and seemingly allow for easier Know Your Business/Know Your Customer interactions. They also allow anonymous KYB/KYC infrastructure (money-laundering token? LOL).