Velo profile
Velo Profile (VELO)
Score: 3.88 | Poor
Adventurous Micro Cap
Project Safety Score

Wed, Dec 8, 2021 7:03 AM

Score 3.88
Rating Poor
Market Cap $60646261.519433
24hr Volume $3006438.5093151
Price $0.17915037490031
Review

Velo

token

Stellar

Velo Labs is building a unique federated credit exchange network. This network is powered by the Velo Protocol, which is a blockchain financial protocol enabling digital credit issuance and borderless asset transfers for businesses using a smart contract system. The project's core mission is to enable partners to safely and securely transfer value between each other in a timely and transparent way. To do this, the Velo Protocol enables its partners to issue digital credits via a smart contract layer, using the Stellar Consensus Protocol to process and settle transactions. Within its ecosystem, the Velo Protocol enables multiple business use cases that are all based on its core function: issuing collateral-backed digital credits, which correspond to any fiat currency that can be used for frictionless value transfer.

Read more in the whitepaper:
https://velo.orgdoc/Velo_Whitepaper.pdf

Velo Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

XLM: GDM4RQUQQUVSKQA7S6EM7XBZP3FCGH4Q7CL6TABQ7B2BEJ5ERARM2M5M

Velo 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

Velo Safety Report

Velo has a safety score of 3.88

Velo is a micro cap token.

Velo is suited to a adventurous investment style.


Velo 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:
  • reddit
  • bitcointalk thread
  • tradingview profile

Velo Red Flags

There are currently no Velo red flags.


Velo Development Score

The Velo project has 5 active source code repositories.

The most recent commit was Fri, Dec 11, 2020 3:43 AM

  • 19 Watchers
  • 36 Stars
  • 15 Mentionable Users
  • 0 Vulnerabilities
  • No commits in the last 28 days
Highlights:
  • daily repo updates
  • no stars
  • no watchers
  • no mentionable users
  • no repo stars

Velo 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:
  • A collection of articles to be just about confident of the sentiment
  • The overall sentiment is very positive

Velo 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 Velo?

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 Velo has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

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

Velo Awareness Score

The awareness score indicates how well Velo 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 Velo is but a good measure of longevity is how well the project is known by the general public.

Overall Velo 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:
  • poor search result total
  • poor number of news articles mentioning Velo
  • no number of headlines about Velo
  • very poor number of Velo YouTube videos

Velo 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 Sep 21, 2020)

Velo 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:
  • low 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.

Velo Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Velo Exchanges
Velo Explorers
VELO
Member Ratings (VELO)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
No reviews
Be the first to leave a review

No one is talking about Velo, be the first to start the conversation.

Do you think Velo is a scam project which will disappear in a rug pull in the next few months or do you think Velo is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

81.25%

Complete
Profile Status

How complete is this profile:

Some missing data points

This profile is still waiting for the following data points

  • reddit
  • bitcointalk thread
  • tradingview profile
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
570
Voted:
good
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Velo Github
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