Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2024-04-19, 09:30:00 (UTC+0).
• Asset: VELAR
• Trading Pair: VELAR/USDT
• VELAR Deposit Time: 2024-04-19, 08:30:00 (UTC+0)
• VELAR Withdrawal Time: 2024-04-19, 09:30:00 (UTC+0)
What Is Velar (VELAR)?
Velar (VELAR) is a groundbreaking DeFi (Decentralized Finance) project aiming to unlock the full potential of Bitcoin by integrating it with the dynamic world of DeFi. Built on the Stacks blockchain, a Layer 2 solution for Bitcoin, Velar offers a comprehensive suite of DeFi services specifically designed for the Bitcoin ecosystem.
One of Velar's key features is its Automated Market Maker (AMM) based liquidity protocol. Similar to popular Decentralized Exchanges (DEXs) like Uniswap, Velar allows users to swap tokens directly with each other in a permissionless and secure manner. This eliminates the need for a central authority and facilitates the trading of various Bitcoin-based tokens.
Velar doesn't stop at just token swaps. It empowers users to become active participants in the DeFi ecosystem through liquidity mining and staking. Liquidity providers can deposit their holdings into liquidity pools, earning rewards based on trading fees generated within those pools. Staking, on the other hand, allows users to lock up their VELAR tokens to earn rewards and potentially participate in future governance decisions.
The platform also boasts an IDO (Initial DEX Offering) launchpad. This feature provides a secure and efficient platform for new Bitcoin-related projects to raise capital by launching their tokens directly on Velar. This fosters innovation within the Bitcoin DeFi space by offering entrepreneurs a launchpad to reach a wider audience.
Looking towards the future, Velar plans to introduce even more advanced DeFi functionalities. One of the highly anticipated features is "Artha," the world's first perpetual DEX built on Bitcoin. Perpetual DEXs allow users to engage in leveraged trading, potentially magnifying their returns (and risks). By offering this feature within the secure framework of Bitcoin, Velar aims to revolutionize DeFi trading for Bitcoin users.
How to Buy Crypto?
Check this to see how to buy crypto.
Crypto to USD:
Check this to see the crypto conversion rate.
Investment Risk Warning:
Cryptocurrencies are highly volatile and subject to various risks, including market, project, technical and compliance-related uncertainties. Therefore, you may experience potential investment losses due to high volatility and various risks associated. Exercise caution, stay informed on the potential risks and invest prudently.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
BingX Operation Team
2024-04-19
BingX Official Channels
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and strictly abides by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
