Velas profile
Velas Profile (VLX)
Score: 4.25 | Below Average
Adventurous Small Cap
Project Safety Score

Thu, Dec 2, 2021 1:24 PM

Score 4.25
Rating Below Average
Market Cap $851929274.58042
24hr Volume $12957675.531647
Price $0.40102477367561
Review

Velas

coin

"Velas AG, headquartered in Switzerland, is a new AI-operated dPoS (delegated proof of stake) blockchain project and an ecosystem on which one can build AI projects, dApps, smart contracts, etc. It is founded by the CEO of the world’s first and biggest altcoin payment processor platform from 2013 – Coinpayments.net – Alex Alexandrov. Coinpayments created a CPS coin to provide its active merchants and users of 3'000 000 000 a discount token for transactions and fees, and earn staking rewards vaulting their CPS coin. The development of Velas rooted from CPS, as the founders saw an opportunity to create an own proprietary AI enhanced Blockhain and consensus protocol, rather than using a third party solution which still has flaws. Development of Velas started 2 years ago. Coinpayments Coin to Velas coin (VLX) was done via Coinpayments platform on the 4th of July 2019 and will mark the day of Velas independence from original token. This will also launch first Stage described in Technical Paper. The purpose of Velas is to address and fix existing issues and challenges faced by most existing Blockchains, like centralization, 51% attack, nothing at stake problem, scalability, security, high upfront expenses, etc. It does so by using neural networks optimized by artificial intuition to enhance its consensus algorithm."

Read more in the whitepaper:
https://www.velas.com/VELAS-Technical_Paper.pdf

Velas Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Velas Safety Report

Velas has a safety score of 4.25

Velas is a small cap coin.

Velas is suited to a adventurous investment style.


Velas Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • project team
  • tradingview profile

Velas Red Flags

Red flags are listed below. Checkout the red flag tab for a more in-depth analysis.


Velas Development Score

The Velas project has 56 active source code repositories.

The most recent commit was Wed, Dec 1, 2021 5:49 AM

  • 173 Watchers
  • 59 Stars
  • 328 Mentionable Users
  • 0 Vulnerabilities
  • 421 commits in the last 28 days.
Highlights:
  • extremely high repo stars
  • daily repo updates
  • very poor stars
  • poor watchers
  • low mentionable users

Velas Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is average

Velas Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Velas?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Velas has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • extremely high gitHub account watchers
  • very low reddit articles
  • no search result count

Velas Awareness Score

The awareness score indicates how well Velas is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Velas is but a good measure of longevity is how well the project is known by the general public.

Overall Velas this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • no search result total
  • very poor news articles mentioning Velas
  • very poor news articles directly about Velas

Velas Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Growing project age (released Oct 3, 2019)

Velas Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • average USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Velas Red flags
  • The subreddit is private.
    The subreddit (Velas) linked to this project is private.

    severity: warning
Velas Exchanges
VLX
Member Ratings (VLX)

5/5

1 review
Ratings and reviews left by our members do not impact the profile score.
Rodrigo Fernandes
Fri, Nov 5, 2021 5:32 PM
Very complete website, excellent transaction speed, minimal fees, even BSC loses in fees, amazing app. It's been 2 years, let's go Velas, thanks for the services
0 0

86.67%

Complete
Profile Status

How complete is this profile:

A few missing data points

This profile is still waiting for the following data points

  • project team
  • tradingview profile
Member Signals

5/5

(1 review)
Member Ratings
Market Cap Rank:
121
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Velas Github
Velas News
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