The man behind
$VELO began his journey with Evrynet itself, founded in 2018, built one of the earliest cross-chain bridges between Ethereum and BSC (Evryhub), effectively architecting the infrastructure that would become BinanceBridge. They also built
Evry.Finance with hybrid AMM/DMM technology on BSC.
The man behind
$VELO then founded Lightnet, the compliance and remittance arm, founded first in November 2018. Same founding team, sequential not simultaneous. Lightnet became the first fintech to graduate from the Bank of Thailand's regulatory sandbox in 2022 with more than 11 banking licenses.
The man behind
$VELO than founded
$VELO in 2019 and integrated with Interstellar the commercial arm of Stellar in March 2021, a nine figure deal that established a US operating entity.
Then in March 2022, Evrynet acquired VELO Labs (not the other way around), structured as a strategic IP transfer to consolidate Evrynet's BSC cross chain infrastructure under the Velo brand. The architect behind the projects started bringing them together. This was the start of the strategic move to BSC.
Nova Chain, the gasless EVM, compatible chain, was developed by the post, merger unified VELO entity and launched in 2023. Nova eliminates transaction fees for users (Free)!!!!
The ecosystem then built Universe, a hybrid DEX with multi, contribution liquidity pools, offering universal access to liquidity across chains.
All of this is heavily funded and influenced by the Chearavanont family through CP Group, one of Asia's largest conglomerates generating $82 billion annually, with 452,800 employees and 15,245 7-Eleven stores in Thailand alone. Second wealthiest family in Asia.
The 2022 marriage alliance between Suphachai Chearavanont's daughter and Chanand Sophonpanich tied CP Group to Bangkok Bank (Thailand's largest commercial bank)
With all of this
$VELO have built a P2P, B2B, E2E payments via Orbit and FCX. A Credit issuance through the Federated Credit Exchange (FCX).
Stablecoins (USDV) potential for more currencies. AI agents, for risk management and compliance monitoring. Cross border payments, live corridors operational (Thailand-Switzerland via SEBA Bank). Multi-ledger compatible, Stellar (native), BSC (BEP-20), Solana (SPL), Avalanche (EVOLVE subnet).
All for its ECOSYSTEM.
Honestly, what more could you want from a project. Who else has such a diversified amount of use cases FOR ONE TOKEN!!
Nah.... I think ill call this one a scam (
$VELO ) and buy a tokens that's used for gas pretty much hoping they go to the moon. ๐ค๐ฅ๐ฒ