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VELOREX

VELOREX

Save. Send. Receive. Using The Velorex Decentralized Finance Network Buy $VEX BSCScan Better than a bank No limits, no holds, and much better interest rates. You are in control of your money at all times. Remove the middleman and start managing your funds the modern, decentralized way using our Smart Wallet application. Download the app...

What Is VELOREX (VEX)

Velorex is a Europe based decentralized finance and technology company that provides hardware and software solutions to manage crypto and fiat currency. Velorex is about greater literacy and adoption of cryptocurrency through the provision of fair, safe, and well-designed tools such as ATMs, debit cards, and smart wallets.

Our innovative and revolutionary software is open-source and frictionlessly allows the exchange of crypto- and fiat currencies to anyone using the Velorex Bankless ATM. The software can also be hosted from a remote server and accessed worldwide, and interacts directly with global decentralized exchanges (DEX) such as Uniswap and Pancake Swap. By doing so, the software sidesteps the traditional “master wallet” model that is employed by banks and other financial institutions. This harmonization of decentralized exchanges with the Bankless ATM offers a uniquely distributed approach that is more responsive and adaptive to regional contexts and regulations, with each ATM owner or manager providing the liquidity along with all access controls relevant to their locale.

VEX is the utility token that is used for:

Fees for processing transactions.

Running the Velorex Distributed Bankless ATM Network (VDBAN).

Offer an access to store value independent and more secure than traditional banks.

What are the tokenomics of Velorex?

Velorex is a fully decentralized BEP-20 token on the Binance Smart Chain (BSC). Token was launched on June 1, 2021 with 500 million VEX tokens created. Within the first quarter a total of 97,145,017 tokens were burned manually, and more tokens will be burned by the deflationary tokenomics of Velorex token.

The token is part of an experimental protocol and decentralized finance ecosystem. $VEX resides on supercharged block speeds and the cheapest transaction rates, is hyper-deflationary, and fitted with an auto-staking system that gainfully rewards investors.

At present, the $VEX tokenomics are contracted as such:

2% Burned in every transaction 2% Proportionately reflected back to $VEX holders 6% LP, Marketing and Development

Tokenomics will be halved to 5% after the launch of Velorex Distributed Bankless ATM Network (VDBAN).

Who Are the Founders of Velorex?

Velorex is the brainchild of the founders Todd Taylor and Thanos Lampropoulos, both of whom have extensive experience in business management, e-commerce, digital marketing and blockchain technology.

Where Can I Buy Velorex Token?

Velorex is available for trading on PancakeSwap and it’s pawing it’s way to major exchanges.

Timeline

Patents

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Discord - A New Way to Chat with Friends & Communities

Velorex (@VelorexOfficial) | Twitter

May 4, 2021

Velorex Token - Smart Wallets & ATMs

Velorex.net [VEX] ATM's | Official

References

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