Velas (VLX) price prediction: World’s fastest EVM blockchain

Velas (VLX) price prediction: World’s fastest EVM blockchain

Built on the Solana network, Velas is a open-source AI-powered blockchain that hosts a wide range of decentralised applications (DApps), including VelasPad and BitOrbit.

The project, headquartered in Switzerland, claims to be the world’s fastest Ethereum Virtual Machine (EVM) blockchain and open-source platform for decentralised projects and applications. It is led by a diverse team of engineers, cryptographers, researchers, mathematicians and business leaders.

Velas combines both centralised and decentralised solutions, with a particular focus on advancing blockchain technology using Web 3.0 tools. According to Velas’s whitepaper, the Web 3.0 phenomenon, which is saturated with DApps that are distributed across domain-specific clusters, is decentralising the internet.

With the explosive growth in the use of customer data in emerging technologies such as artificial intelligence (AI), it is becoming increasingly important to develop consensus protocols and design seamless user interfaces that provide developers and enterprises with community-governed ecosystems for Web 3.0 – a venture that Velas has undertaken.

As such, the project has been created with innovative technologies in mind, namely a decentralised ecosystem of products and services that accelerate blockchain adoption across the wider industry.

What is the Velas coin?

VLX is the native token of the Velas network and the primary unit of account for transactions, payments and fees. The network is based on a delegated proof-of-stake (DPoS) mechanism and its token can also act as a means of exchange across the DApps that the Velas platform hosts.

Users can earn staking rewards for creating blocks. There are two options for staking tokens on Velas:

  • Users can create their own pool and become a validator
  • Users can join an existing pool as a delegator

To become a validator, users must hold at least one million VLX tokens, or have at least one VLX to become a delegator. Pool rewards are proportionally distributed between validators and staking delegators. Velas is divided into staking epochs, and at the beginning of each epoch, an algorithm selects validators and creates a snapshot of their pools. The DPoS mechanism also enables delegators to stake tokens for voting purposes.

VLX price analysis: A technical view

The Velas price trend was higher throughout the months of September to December 2021, hitting the key $0.10 level, and on 23 September 2021 it reached $0.1857 as bullish momentum took hold. Prior to this, it had been trading as low as $0.05354 on 28 August 2021.

VLX started the summer at $0.04612 on 21 June 2021 but soared to $0.1724 on 6 September 2021, an increase of 273.2% in 76 days. The uptick in momentum continued when the price rallied to $0.4542 on 4 November 2021. After a dip to $0.3113 on 11 November 2021, the Velas cryptocurrency rallied again, reaching $0.5158 on 19 November 2021.

After yet another dip to $0.2003 on 20 December 2021, the coin regained momentum and surged to an all-time-high of $0.5473 on 4 January 2022. This jump could be at least in part attributed to Velas announcing just a day earlier that it will be partnering with the decentralised space agency, SpaceChain.

Another positive catalyst may have been Velas’s partnership with the Italian luxury sports car manufacturer, Ferrari, announced at the end of 2021, which led the coin to break out above its resistance level of $0.311 and reach $0.3769 on 30 December 2021. On 6 January 2022, VLX showed a falling wedge pattern and the price has since consolidated, mostly trading within the $0.31 to $0.35 range.

To date, the Velas coin value has risen 2,732% from its lowest level of $0.01162 on 16 October 2019. VLX is currently (18 January) trading at around $0.329159 and ranks 102nd in the list of cryptocurrencies by market capitalisation, at $728m, according to CoinMarketCap.

The daily simple and exponential moving averages are giving mostly sell signals, according to data from TradingView, while the relative strength index (RSI) stands at 47 – a neutral position – as of 18 January. An RSI reading of 30 or below indicates an oversold or undervalued condition, while a reading above 70 would suggest the asset is becoming overvalued or overbought.

A whopping 75,000TPS with $0.00001 fees

A standout feature of Velas is that it offers a passwordless authentication system that allows users to securely access a variety of services through their Velas account. This is made possible through unique authorisation quotas.

The passwordless process stands to benefit users who may be in possession of several passwords across multiple accounts. Thus users can enjoy a seamless application login process through the network’s biometric security measures.

In other Velas coin news, the project appointed a new CEO, Farhad Shagulyamov, in December 2021, and secured a partnership with the decentralised multi-chain digital wallet BitKeep this month. In another boost to the project, VLX was listed on the cryptocurrency exchange ZBG on 18 February 2020 and then on KuCoin on 19 November 2021.

Velas also boasts a network throughput of up to 75,000 transactions per second (TPS), along with a transaction finality speed of 1.2 seconds. In comparison, the Visa payment system is capable of processing 1,700 TPS. There are minimal fees on the Velas network, too, at a rate of $0.00001 per transaction.

“Velas’s underlying technology assesses data sets through an AI-powered protocol. Its token, used for transactions, payments and fees on the network, is currently 40% below its all-time high value point. However, I expect VLX to reach $0.4 by the end of February 2022,” Milko Trajcevski, a financial analyst at Invezz, told Capital.com.

A risk for the project lies in the fact that decentralised blockchain technology is only about nine years old, making it a relatively new frontier. Also, transaction fees on decentralised finance (DeFi) protocols can be particularly high during periods of network congestion.

For example, a cryptocurrency such as Ethereum (ETH), which was processed 1.1 million times a day during the month of July 2021, currently has an average fee of $33.56, according to data from BitInfoCharts.

Velas (VLX) price prediction: Buy, sell or hold?

In terms of a Velas crypto price prediction, algorithm-based forecasting service Wallet Investor gives a positive VLX/USD outlook. Based on historical data, Wallet Investor estimates the price rising to $0.343 by February 2022, reaching $1.228 in January 2024 and hitting $1.681 by January 2025.

Digital Coin Price supports the bullish VLX forecast, expecting the Velas token price to grow to $0.43164098515 in February 2022, $0.47734355406 in 2023, $0.68726640248 in January 2025 and $1.17 in January 2028.

While the Velas coin price prediction for 2030 is not yet available, Digital Coin Price suggests it could be $1.42 in December 2029.

“Velas’s price is currently down 4.76% but a big reason for the project’s overall success is that Velas allows users to earn staking rewards for producing blocks through a unique validator and delegator feature,” Anndy Lian, chairman of BigONE Exchange and chief digital advisor for Mongolia’s national productivity agenda, told Capital.com.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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OpenStream World Added New Backers: Angel Investor, Anndy Lian is One of them

OpenStream World Added New Backers: Angel Investor, Anndy Lian is One of them

Hanoi, 4th Jan 2022, ZEXPRWIREAnndy Lian has invested in startup tech company, OpenStream World (OSW), joining the other backers and partners into their ecosystem to help their business grow. MG Ventures, Crypto Pros, Crypto Xenos and Blockcast.cc were the newly added partners. Anndy Lian, a blockchain thought leader and investor based in Singapore has also formally announced that he has angel invested into the company at this early stage. There will be other investors annouced in the later stages.

“The journey to building our ecosystem is not easy. I am delighted to have early backers and partners involved in our startup at this current moment. We will continue to invite more partners to join our ecosystem so to build our platform in the right direction for the global target audiences.” Y Tran, Co-Founder and COO of OpenStream World said.

“The OSW founders took a different approach to share their ideas with me. They first helped to manage our Discord servers for BigONE Exchange and Asia Blockchain Community. Then they showed us how their technology is useful in the various social media. Their selling points become very obvious after showcasing to us live. This is also one of the reasons why I have decided to be their angel investor.” Anndy Lian commented.

Anndy Lian is known in the space as an early adopter and has given advice to various governments. He is currently the Chairman for Asia at BigONE Exchange and Chief Digital Advisor at Mongolia’s national productivity statutory board. He is also a book author, keynote speaker and investor.

OpenStream World is a decentralized video streaming network; built to enable scalable, easy to host, interactive online events. Tran added: “Over the past few years, the world has seen a proliferation of smartphone users, which has dramatically changed the way we produce and consume digital content. People have taken up the role of content “producer”, from recording/live streaming events, such as concerts and film festivals, to video blogs, e.g., travel, tutorial, product review, and live gaming video streaming.

Limited by the shortcomings of traditional platforms, which fail to reward the content creator and viewers adequately, we have seen in recent years the rise of platforms that reward content producers and in some cases also the viewers, leading to a win-win environment for both content producer and viewer. One of the much-anticipated use cases for blockchain-based video streaming platforms is indeed in the domain of live streaming and gaming/eSports.

Some of the major prospective advantages offered by blockchain-based video streaming applications include empowering creators and artists, blockchain-based CDNs, privacy and piracy protection, and energy-saving. Partnerships are very important at this stage of the business. We appreciate all the support we can get.”

OSW is a system that includes many products related to streaming technology and video streaming networks. The core components include:

  1. OpenStream Core: this is a platform built on blockchain, providing livestream services under the IAAS model (Infrastructure As A Service – Providing hardware infrastructure as a service).  All other products in the ecosystem will use the livestream technology from this Core set.
  2. Stream Node Forger: provides hardware resources for OpenStream Core, needs a network of Nodes from all over the world: install programs, implement transcoding algorithms for live streams. In return, the owners of the Nodes will be rewarded with tokens from the project.
  3. OpenStream Apps: This is a live streaming application that inherits the infrastructure from OpenStream Core and develops the main functions to create interaction between the livestreamer and the viewer.  In addition, you can share videos to other platforms at the same time
  4. NFT Marketplace: more than an exchange of NFT products, this is where digital product owners can promote their products.
  5. IOSO (Initial Open Stream Offering): this is a new funding mechanism for blockchain projects, it inherits some properties of the IndieGoGo fundraising platform and limits the negatives in other forms of fundraising (ICO such as ICO, etc.).

Openstream World is developed by a team with rich experience in both technology and Blockchain. They have more than 3 years of experiences in developing projects related to livestreaming and the blockchain payment mechanism, serving hundreds of thousands of users. In addition, they have members who have managed large projects such as Safemoon, and Yooshi. To date, they have more than 100,000 community members. The company is led by Founder and CTO Khoa Trinh, a graduate from HCMC University of Technology with a Bachelor degree in Computer Science and was working for LienViet Post Bank before starting OpenStream World and Co-Founder Y Tran who held many important positions such as Business Analyst, Project Manager in domestic and foreign companies.

OpenStream World will continue to work towards its goal to grow its footprints in the international markets with its decentralized technologies.

About OpenStream World

OpenStream World is a decentralized video streaming network; built to enable scalable, easy to host, interactive online events. Through the power of open source software, we optimize the use of resources like computational power and bandwidth, and use crypto-economic incentives for bootstrapping and participation; there is an opportunity here to deliver an infrastructure that can power video streaming applications at a highly efficient price, and infinite scale.

Read more: https://www.digitaljournal.com/pr/openstream-world-added-new-backers-angel-investor-anndy-lian-is-one-of-them#ixzz7HHNrI3xb

https://www.sohu.com/a/514408569_120071948?spm=smpc.sub-channel.fd-news.5.16413444001450UNl7UC

http://www.blockchaintoday.co.kr/news/articleView.html?idxno=20516

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Mid-Day Mumbai News: How reflective tokens and real-world use cases can work together

Mid-Day Mumbai News: How reflective tokens and real-world use cases can work together

Mumbai`s homegrown newspaper – Mid-Day is a 41-year-old brand. Thank you for listening to my inputs.

The media outlet has quoted my points on how reflective tokens and real-world use cases can work together. Taking Dogecola as an example. The Cola sold will be used as a form of funds to support its crypto pricing. The added-on elements such as GameFI and NFT would create a better bond and interaction between the brand and the consumers.

The combination may not be rocket science but they are certainly making traditional companies think about how tokenization would work for their business.

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Why DogeCola Is the Reflective Token To Watch

Following news that the ‘king’ of meme coins Dogecoin has relaunched its foundation with plans to become a serious global cryptocurrency, is DogeCola ‘on trend’ as a  meme coin worth taking seriously? Meme coins are tokens backed by crypto influencers and investors have rapidly increased in popularity. CoinMarketCap estimated there were more than 5,000 meme coins available to investors by late June. Created as a joke meme back in 2013 Dogecoin started the trend, rising to prominence after Tesla CEO Elon Musk tweeted about the novel token in April 2019, replying to a tweet saying “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”

While meme coins are a type of cryptocurrency, a key difference between the likes of Dogecoin and currencies like Bitcoin, comes down to utility. Namely that most meme coins, serve no real-world purpose. Even more reason why DogeCola, which is both a reflective token and a soft drink brand, has such potential to grow the meme coin market more sustainably in the future. In just the past week the cola-branded meme token, has delivered on its promise of distributing 1,000 sample cans of the fizzy drink to its token holders. And as its doubling-down on its listing on BigONE exchange with a staking activity, it’s certainly appears worth a closer look.

In this article we’ll therefore review how the ‘reflective’ token mechanism works to maintain price stability, the role the DogeCola soft drink brand plays in its growth, and what this could mean for the chances of success in such a fast-moving meme-market place.

 

Taking a look ‘under the hood’ of DogeCola

Auto-boost function: The auto-boost feature helps distinguishes DogeCola from the other standard meme tokens on the market. The DogeCola project’s developers added this feature to prevent the all too common ‘pump and dump’ associated with meme tokens. It was designed to make variable repurchasing and token burns based on the transaction volume every 24 hours. The goal is to keep the price of DogeCola high by burning tokens and reducing supply every time a sale is made with the tokens.

Reflection mechanism: The reflection mechanism means the tokens are self-generating and aim to discourage selling by promoting a ‘hold and earn’ use culture. By implementing a reflective mechanism in the token’s smart contract, all transactions involving tokens are ‘taxed’, and rewards are distributed evenly among holders. The DogeCola team does this to encourage the holding their tokens, and the commission on sales is much higher to prevent whales from dumping and driving the price down

Both the auto-boost and reflection mechanism are underpinned by a buy and sell fee structure: on buying 6% is set aside for the auto-boost function, with 2% going reflection to holders and 4% of marketing. While on sales, 7% is for auto-boost function, 7% for reflection to holders and again, 4% allocated to marketing.

Branded cola drink: The DogeCola team has begun the process of bringing their soft drink brand to the market as soon as possible. In a recent interview the DogeCola project’s lead developer, Chris, confirmed that the primary goal is to have the soft drinks readily available for purchase in stores, within the next three to six months. In the meantime, DogeCola token holders this week snapped up the first 1,000 samples. As Jason McLeod of the community-based #stopelon crypto initiative, commented on Twitter: “I definitely think this is the way crypto will go in the future. For me, it’s all about that link from crypto to ‘everyday’ people in the ‘real’ world.” The DogeCola team also plans to fight plastic pollution caused by corporations like Coca Cola, using a community-led vote to determine which eco-charities to support – enhancing their ‘disruptive’ branding in the process.

 

What the crypto experts think of DogeCola?

At the launch of DogeCola in July, Chris the lead dev and founder proclaimed: “If you like Coca Cola, if you like Dogecoin, then you will love DogeCola.”  While the meme coin has risen in price by 556.1% from listing on CoinGecko to its all-time high, with the current price 500% from the listing price, its already has some push back from within its 10K strong international Telegram community. “Please know that you are in a project with a team that many times literally does not sleep in 72 hours; please do not look at x minutes candles in DogeCola; try to be patient, intelligent, trust the process and stick to your guts and vision,” said @Freejo1 in response to such jitters.

Jason Suttie, CMO of Bumper, a new protocol designed to protect the value of your crypto says: “What I find most exciting about projects like DogeCola is the visibility it’s bringing to the crypto space from the general public. Everybody knows Cola, many non-crypto people have now heard about Dogecoin. DogeCola creates a connection between a physical and virtual object which starts to make crypto less scary for the uninitiated. It’s through clever projects like this that crypto will make big steps toward mass adoption.”

Chairman of BigONE, Anndy Lian, says he believes that DogeCola being based on a reflective token mechanism and with a real-world use has a clear advantage in the crypto marketplace: “We are excited to list DogeCola on the BigONE exchange because it’s ticked all the boxes – a smart reflective token mechanism, branded cola drink, a great development team with passionate community behind it.” Certainly, this is supported by news that the team has succeeded in reaching 20k token holders just a couple of days after their CoinMarketCap airdrop on August 27th. And with a DogeCola sponsored NSCAR driver due to be announced shortly to further promote growth, this reflective token is surely one to watch out for.

Source: https://www.mid-day.com/lifestyle/infotainment/article/why-dogecola-is-the-reflective-token-to-watch-23191206

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j