It is a buy given how much it has come down form all time high(-99.69%) at $0.007 for 35M market Cap.
- One of the leading projects on XLM Steller. Steller, Visa are partners. It is a stable coin, remittance, perp and regulated DEFI. If you are bullish on XLM then Velo is to be in for the max gain.
- Team has been building during the bear market, also they could secure 50M during peak of bear market in mid 2022. Which is to me a super bullish sign for a project. (https://www.coindesk.com/business/2022/08/29/fintech-firm-lightnet-group-gets-50m-from-lda-capital-to-boost-velo-protocol/)
- It had bad tokenomics which resulted in pretty bad sell off during bear. Seems to have some correction by burning 2Bn tokens (https://www.velo.org/blog/velo-token-distribution-update) Show Less
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