Is Velar a scam?

Asked about Velar (VELAR), market cap rank #6343.

Short answer

Velar (VELAR) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-06-07

Red flags raised

  • Not listed on any high-trust exchange
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Top 10 wallets hold more than 70% of supply
  • Less than 50% of supply is circulating
  • Very low on-chain liquidity

Positive signals

  • Team is publicly identifiable with LinkedIn profiles.
  • Positive media coverage from reputable sources.
  • Security audit conducted by Clarity Alliance Research.
  • Active social media presence with substantial following.

Security audits

1 audit on record.

  • Clarity Alliance Research (2024-09-18) — pass

Team transparency

The Velar team is doxxed — public identities are known.

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