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Popular science: What currency is VLX (Velas)? How to get VLX (Velas)?

As the native cryptocurrency of the Velas blockchain, VLX enables transactions, staking, and access to services within the Velas ecosystem.

Oct 06, 2024 at 04:17 am

1. What is VLX (Velas)?

VLX is the native cryptocurrency of the Velas blockchain, a high-throughput and low-latency blockchain platform designed for decentralized applications (dApps). It is used to pay for transaction fees, stake for network security, and access various services within the Velas ecosystem.

2. How to Get VLX (Velas)

There are several ways to obtain VLX tokens:

1. Purchase from Crypto Exchanges: VLX is listed on several cryptocurrency exchanges, including Binance, Huobi, and KuCoin.
2. Earn Through Staking: Users can stake their VLX tokens to support the Velas network and earn rewards in the form of additional VLX.
3. Participate in Airdrops and Giveaways: Velas periodically hosts airdrops and giveaways where users can earn free VLX tokens for completing tasks or participating in certain events.

3. Detailed Steps for Purchasing VLX on Binance

1. Create a Binance Account: If you don't already have one, create a Binance account and undergo the necessary identity verification process.
2. Fund Your Account: Deposit fiat currency or cryptocurrencies into your Binance account to fund your purchase.
3. Search for VLX: In the Binance search bar, type "VLX" to find the VLX trading pair.
4. Place Your Order: Choose a trading option (spot, margin, etc.) and specify the amount of VLX you want to purchase. Enter the desired price or select from available market orders.
5. Confirm and Execute: Review the order details and confirm the purchase. Once you execute the trade, the VLX tokens will be credited to your Binance spot wallet.

4. Benefits of Holding VLX

1. Staking Rewards: VLX holders can earn passive income by staking their tokens within the Velas ecosystem.
2. Network Governance: VLX holders participate in network governance decisions and vote on proposals to shape the future direction of the Velas blockchain.
3. Access to dApps: VLX is used to access various dApps and services built on the Velas platform, such as decentralized exchanges and gaming platforms.

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