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/biz/ - Business & Finance

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22944198 No.22944198 [Reply] [Original]

A simple intro as all things should be, no fancy vaporware like RSR, no bot shills from XRP.

The Velo Protocol is developed by Velo Labs, that is backed by the Charoen Pokphand Group, largest company in Thailand and one of the largest conglomerates in the world, they can buy out every scam out there and delete it if they want, imagine what they can do with Velo.CP group revenue is over $60 billion USD to date.

They have also on board the Lightnet Group, Seven Bank and Uni-President Asset Holdings.

>Seven Bank, a subsidiary of Seven & I Holdings Co., Ltd., owns all 7–11 convenience stores in Japan and about 69,200 stores worldwide.

>Uni-President Asset Holdings is the investment department of Uni-President Enterprises Corp. The company operates more than 9,000 7–11 convenience stores and Starbucks in Taiwan, mainland China, and the Philippines.

>Lightnet was founded in Thailand by a member of the Charoen Pokphand family, which owns all Thai-based 7–11 convenience stores and several popular shopping malls and supermarkets. Lightnet will integrate Velo protocol into their core business right at the mainnet start, with cheap cross-border payments, mobility and inclusivity for unbanked Asians are key elements of their service.

Their goal is to build a remittance/payment stablecoin protocol on Stellar, this is exactly what Stellar has been designed for and Velo will fill the gap with the stablecoin creation/collaterization mechanisms and the fiat on ramp options.

How easy it is to win, when you have the right backing and a straight alpha usecase everything just comes at you. Same is with Velo, but retarded NPCs, bots and discord trannies want to keep bizlets poor. Time to wake up or stay trenched on the retard side and ngmi.

>> No.22944600

Seen a lot of threads here, can someone tell me when will I able to buy with Kuckoin not being open to new deposits.

>> No.22944910

>>22944600
It is a smart move, now only the true chads can accumulate and not every pajeet out there. If you want to buy I suggest to get some OTC quick as price won’t stay this low for long.

>> No.22945455

Finally something I can go behind, I was so tired of XRP bots, Linkie crybabies and RSR craptards. Hope everyone here is at least not braindead and take some criticism.

Velo has a good shot, mechanism is good and can become what MakerDAO wanted to be, but it needs to be careful with the centralization aspect, but again that will be shown in time.

>> No.22945894
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22945894

>>22945455
Well Velo is a complex system, but it’s very logical when you think about it. It is split into two parts, for a reason, MakerDAO had a lot of problems and even now with multi collateral DAI it still fails to keep the peg and keep up with demand and as more centralized assets are added to collateralize DAI it becomes less decentralized.

Now here comes the interesting part, as we have seen with DAI being limited in use due to collateral and also complexity of the system, Velo decided to split and tackle each problem separately. You have the credit creation mechanism, that has to be user intuitive and use assets that are common, to onboard people quickly into the system and also ensure than their hard earned money is not at risk; and you have the value transfer mechanism, that offers convenience and innovates in the remittance/cross border transfer field, so that you don’t have to depend on banks for the conversion in different currencies, you mint stablecoins that are pegged to the exchange rate of different Fiat pairs with Velo tokens.

Slowly everyone will understand, those who don’t will be swept by the revolution.

>> No.22945961

What is the minimum stack to make it ?

Is this the new Link ?

>> No.22946180

>>22945961
100k is the min for the Velochad citadel, be sure to get there or you won’t make it.

>> No.22946483
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22946483

>>22946180
Fellow Velochad raptor here, not gonna lie but the hack was actually a good thing, no more pajeets buying in and then ruining the project.

Let’s keep the Virgin raptors out!

>> No.22946643

>>22946483
Based and Velopilled

>> No.22946989

>>22946180
I’ve bought 10k OTC at $1.2, nobody is selling more. Will I still make it ?

>> No.22947024

when binanse sirs? i dont want to lose my money on kuckoin

>> No.22947310

>>22947024
Don’t worry that will come, just look at the backing, do you think they will stay on Kucoin only after all this shitshow ?

>> No.22947405

>>22947024
Gold ID, Binance confirmed!

Need to buy this shit.

>> No.22948729

>>22944198
WHERE THE FUCK DO I BUY?