Velo, The Biggest Payment Network EVER and for you retards that don't know this and think yeah another shitcoin, think again. This shit is backed by CP Group, one of the richest families in SE Asia, Chatchaval Jiaravanon is the Velo Chairman, Board member of True, owner of Fortune magazine and family member of CP Group who own all 7Eleven's in Thailand. They can buy the whole YFI supply and make Cronje beg them not to delete his little toy project.
While you faggots were playing with your hand in the sand they've build a real network with a powerful usecase for SE Asia: Remittance and Payment. It does so through two components:
>Digital Credit Issuance Mechanism that will enable merchants/vendors to issue stablecoins on their payment network for clients that deposit FIAT and transfer is using Velo protocol that bridges the payment network to the Stellar blockchain so that everything is transparent, immutable and decentralized.
>Digital Reserve System is a suite of smart contracts that will ensure that the pools of VELO token collateral, backing the digital credits through a rebalancing mechanism are kept at stable levels so that the transfers can be easily linked through the Velo token between merchants.
Why this is big ?
Cross Border remittance highly important in SE Asia due to proximity of countries and high number of people who travel and work abroad, many of whom are unbanked and end up paying way too many fees. Often losing up to 20% of their earnings in the process, with delays to go with it.
With Velo transaction can begin with cash in one country, end in a different fiat cash in another, and the clients won’t need to access traditional blockchain at all. All these chinks will be using this because it will make their lives easier, they don't need high tech shit that costs them 50$ per transfer to deposit money into a savings account, they need shit that is fast and easy to use.
opened up the website. looks decent :) cheers, I'll have a deeper dive then
Matthew Carter
Man I’ve never seen it this way, thought that is DeFi on Stellar and it should pump, but now, fuck it I will just add some more to my bag. Feeling comfy here!
that TA dude that posted here before got me to buy a bag already... really comfy
Isaac Reyes
What the fuck is this pajeet chink scam
Jose Young
The chart looks really decent ngl
Parker Perry
MAR KET BUY
Charles Evans
Stay poor faggot, you don’t deserve to be in the rich club, the Velo citadel will close soon and anyone who doesn’t hold at least 100k Velo will not make it.
Smart anons market buy, already got my 20k Velo bag, will look to add more.
If you just look at the backers you see how this DeFi ponzi on Eth looks like kids playing in the sandpit. Velo will just buy them all and play with them like they are toys.
100k is the minimum bag to make it, fren. No financial freedom for you.
Charles Flores
These shitcoin threads are always written in the same condescending modern journalism style. Almost as if it's the same few people shilling all the projects.
Isaiah Reyes
Gigavelochad here, I can confirm that 100k will grant access to the citadel but you will only wipe the 1 mil Velo holders ass as your job only. If you want to live the king life get to this level. Good luck anons, but be quick, train is leaving soon.
too bad this one is actually legit and you're literally missing a top 10 CMC shitcoin. faggot.
Lucas Bell
That's exactly what all of you retards said about Chainlink three years ago lmfao. Stay poor and don't DYOR.
Hunter Hill
I'm getting pre-pump ripple vibes looking at their team and backing.
Ayden Perez
it goes up with or without you fgt
Sebastian Martinez
user ripple was a ponzi built for banks to dump on niggers and 3rd world monkeys. This is the future that will make their lives easier while making the Velo holders the future elite. Get in now big and don’t fuck your children’s future.
John Johnson
Fucking scam pajeet shit skinned monkeys fuck off
Asher Ward
Imagine not buying cRipple before the pump to $3 lol - - it's basically the same thing
Brody Kelly
Bought a bag. See y'all at $10 lfg
Jordan Morgan
Heard a bunch of rumors for this one. If they're true, $10 might be FUD
Aiden Barnes
Where is this shit listed on?
Landon Martin
no eth pair nor uniswap listing. interesting
Brayden Myers
Kucoin only, for now, afaik
David Lee
Because its on Stellar, not on Ethereum. Kek
Landon Gray
I noticed that once I dug around a bit. Thats for the best ETH hinders tokens progress
Cooper Foster
If this is aimed at SEA I would expect higher numbers on wechat than twitter surely?
