Velotoken — Rebasing by Velocity

$VLO is an fully-decentralized experimental rebase token (already with working governance), with a brand new mechanic. Instead of rebasing based on the price : it rebases based on the “velocity” of the token. Essentially, what this means, is that it increases or reduces the supply of the token, based on the number of transactions in a given period of time.

Thus, if there are a large number of transactions, the supply of the token will decrease. If, on the other hand, there are a lower number of transactions — then the supply of the token will increase.

As with all rebase tokens, whenever the supply expands or contracts — one’s percentage of the market cap remains the same. For example, if there is a rebase that reduces the supply by 5%, your token amount will reduce by 5% whereas total value of your tokens will remain the same.

Rebasing by velocity adds a new mechanic, inspired by real-world macroeconomic policy, to the DeFi price-control ecosystem. Velocity is one of the essential price ‘signals’ that determine the value of a currency, and it is now finally available in the defi space.

Why we’re bullish

• Extremely undervalued
• Professional team
• Novel concept
• Extensive documentation & verified contracts
• Working governance
• Audit in progress
• Fully decentralized

Resources

Website — velotoken.fi
Telegram — t.me/Velotoken
Uniswap — link
Github — https://github.com/velo-finance/velo-protocol
Dev Twitter — https://twitter.com/SuperMises
Medium — https://supermises.medium.com/

The Selective Ape Community

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