VeleroDAO

velero.finance

Is a

Cryptocurrency

Cryptocurrency attributes

Industry

Blockchain and cryptocurrency

Blockchain

Cryptocurrency

Ticker Symbol

VDGT

Maximum Supply

1,000,000,000

Other attributes

Legal Name

VELERO, Inc.

Cryptocurrency Symbol

VDGT

Email Address

info@velero.finance

Medium URL

medium.com/@velerodao

Partner Organizations

WagyuSwap

theos

Exchange

WagyuSwap

Total Supply

28,000,000

The live VeleroDAO price today is $0,023416 USD with a 24-hour trading volume of not available. We update our VDGT to USD price in real-time. VeleroDAO is down ,39% in the last 24 hours. The current CoinMarketCap ranking is #9859, with a live market cap of not available. The circulating supply is not available and a max. supply of 1 000 000 000 VDGT coins.

VeleroDAO is the governance protocol behind the first collateral-backed stablecoin, USDV, for the fastest and most secure blockchain network to exist - Velas.

VeleroDAO is not only a first mover on Velas, but also achieved the highest grant award from the Velas Grant Program. By forking MakerDAO for the Velas network, VeleroDAO has become the main infrastructure project on Velas. This is a vital building block in the exploding Velas DeFi ecosystem.VeleroDAO is the main infrastructure project on Velas.

USDV is the first collateral-backed stablecoin on Velas Blockchain

The economy of VeleroDAO is based on the balance of its two key elements. We have already written about USDV, the first stablecoin for Velas blockchain, whose exchange rate is pegged to the US dollar. The second key element of the VeleroDAO economy is the platform’s native token, VDGT. Its MakerDAO counterpart is MKR, a utility token that helps maintain the balance of the entire system. Unlike USDV, the governance token does not have a fixed rate, and its value grows along with the platform’s value. Also, its growth is promoted by the mechanism of its burning.

What is VDGT?

VDGT is a governance token and a source of recapitalization of the VeleroDAO protocol. Velero is a smart contract platform built on top of the Velas blockchain, whose economy is based on the USDV stablecoin. The idea of the project, built on the principle of a Decentralized Autonomous Organization (DAO), is to create stability in the world of decentralized things. This stability is implemented through the VRC-20 standard VDGT token, which allows it to use this token in Velas-compatible wallets (today, these are Metamask and Velas Wallet).