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About VEX

VELOREX (VEX) is a cryptocurrency launched in 2021. VEX has a current supply of 500.00M with 0 in circulation. The last known price of VEX is 0.001100708722 USD and is -0.00000897185 over the last 24 hours. It is currently trading on active market(s) with $8.93 traded over the last 24 hours. More information can be found at https://velorex.net/.

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VEX Price Statistics
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Updated Jun 19, 2024 5:21 pm
Mkt Cap $0
There's nothing here for now
Ether Price Rises Following SEC's Decision Not to Enforce Action Against Consensys
Ether Price Rises Following SEC's Decision Not to Enforce Action Against Consensys
According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into technology incubator company, Consensys, and has decided not to recommend any enforcement action against it. This news led to a rise in the price of ether. Consensys, known for products like the MetaMask wallet, received two letters from the SEC confirming the end of the investigation. The SEC stated that it was 'closing its investigation into Ethereum 2.0.' The letters, titled 'Re: In the Matter of Ethereum 2.0 (C-08950),' did not explicitly mention the blockchain associated with the second-largest cryptocurrency by market capitalization. One of the letters read, 'We have concluded the investigation in the above-referenced matter. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against your client, Consensys Software Inc.' However, the SEC clarified that the conclusion of an investigation does not mean there will never be an enforcement action. The Commission may advise a person under inquiry that its formal investigation has been terminated, but this does not indicate that the party has been exonerated or that no action may ultimately result from the staff’s investigation of that particular matter. A second letter from the SEC reiterated the conclusion of the investigation and disagreed with any factual statements or legal conclusions expressed by Consensys' own attorneys in a letter sent to the regulator asking about ETH's status as a security given the SEC's approval of certain spot ether exchange-traded fund application filings. Consensys had previously sued the SEC in April, alleging that the regulator was investigating whether Ethereum, post-merge, might be a security. Following the SEC's decision, ether's price rose by as much as 2.6%, according to data from TradingView. It has increased around 3% over the last 24 hours, as per data from CoinGecko. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, has added 1.2%.
Jun 19, 2024 5:24 pm

Frequently Asked Questions

  • What Is VELOREX (VEX)?

    Velorex is a Europe based decentralized finance and technology company that provides hardware and software solutions to manage crypto and fiat currency. Velorex is about greater literacy and adoption of cryptocurrency through the provision of fair, safe, and well-designed tools such as ATMs, POS systems, debit cards, and smart wallets. Our innovative and revolutionary software is open-source and frictionlessly allows the exchange of crypto- and fiat currencies to anyone using the Velorex Bankless ATM. The software can also be hosted from a remote server and accessed worldwide, and interacts directly with global decentralized exchanges (DEX) such as Uniswap and Pancake Swap. By doing so, the software sidesteps the traditional “master wallet” model that is employed by banks and other financial institutions. This harmonization of decentralized exchanges with the Bankless ATM offers a uniquely distributed approach that is more responsive and adaptive to regional contexts and regulations, with each ATM owner or manager providing the liquidity along with all access controls relevant to their local circumstances.

    VEX is the utility token that is used for: • Fees for processing transactions. • Running the Velorex Distributed Bankless ATM Network (VDBAN). • Offer an access to store value independent and more secure than traditional banks.

    To learn more, dive into our whitepaper. https://drive.google.com/file/d/1Nl6xrjPJTdzuyUXlbNjnrdv-WfqPdByw/view and check out our website https://www.velorex.net/

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  • What are the tokenomics of Velorex?

    Velorex is a fully decentralized BEP-20 token on the Binance Smart Chain (BSC). The token was launched on June 1, 2021 with 500 million VEX tokens created. The token is part of an experimental protocol and decentralized finance ecosystem. $VEX resides on supercharged block speeds and the cheapest transaction rates, is hyper-deflationary, and fitted with an auto-staking system that gainfully rewards investors.

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  • Who Are the Founders of Velorex?

    Velorex is the brainchild of the Director and CEO Todd Taylor who has extensive experience in business management, e-commerce, digital marketing and blockchain technology. Together with his Team, consisting of international specialists in their field, the vision of Velorex was transformed into a real-life company and is expanding rapidly, creating new market opportunities amongst the underbanked regions of the world. From our current hub in Istanbul, we are developing and exporting our products into the whole world.

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  • Where Can I Buy Velorex Token?

    Velorex is available for trading on PancakeSwap and it’s pawing its way to major exchanges. Buy on PancakeSwap https://pancakeswap.finance/swap#/swap?outputCurrency=0xc029A12e4A002c6858878FD9D3cc74E227cc2DDa Buy on Poocoin.app https://poocoin.app/swap/?outputCurrency=0xc029a12e4a002c6858878fd9d3cc74e227cc2dda

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  • What is the all-time high price of VELOREX (VEX)?

    The all-time high of VEX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of VELOREX (VEX) is 0. The current price of VEX is down 0% from its all-time high.

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  • How much VELOREX (VEX) is there in circulation?

    As of , there is currently 0 VEX in circulation. VEX has a maximum supply of 500.00M.

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  • What is the market cap of VELOREX (VEX)?

    The current market cap of VEX is 0. It is calculated by multiplying the current supply of VEX by its real-time market price of 0.001100708722.

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  • What is the all-time low price of VELOREX (VEX)?

    The all-time low of VEX was 0 , from which the coin is now up 0%. The all-time low price of VELOREX (VEX) is 0. The current price of VEX is up 0% from its all-time low.

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  • Is VELOREX (VEX) a good investment?

    VELOREX (VEX) has a market capitalization of $0 and is ranked #7381 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze VELOREX (VEX) price trends and patterns to find the best time to purchase VEX.

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