Can Velas $VLX back to old great days ?

Velas is the Solana fork but with EVM, a monolithic Layer1 EVM that is already Highly SCALABLE and Extremely low tx fee and Fast Finality. Velas is in the market since 2019 and they had o good run in last bull cycle. Attracted many people with great partnerships like FERRARI.


This partnership was really huge for such project. And If you watched F1 you can see the VELAS name on the back wing of the Ferrari Supercar in last year.


I am trying to highligting the most important one and trying to make a flashback to velas waht they did good and what they did bad as well. Other good partnership was spacechain partnership and they send one of their node to space by using SPACEx with the SPACE CHAIN company.


We all know that after bull cycle every project can go down like a waterfall. But If you are a good project you should stop somewhere and keep your price. Velas couldnt keep its price and fall down very very bad. Their CEO was really bad and he left the project, their telegram channel mods run away and some people who is important in the board and was face of the Velas gave up the project.

Velas fall down 0,005$ from the 0,5$ this is like a rugpull for a project. And people lost their confidence of the project. But then a surprise occured and Alex Alexandrov who is the original founder of the Velas is turn back to the project and started rebuilding the chain. You can see the chart after Alex take back the project. Alex is the succesfull guy and really very important guy for the crypto market. He is investor since 2011 and holding a heavy bag of bitcoin as well. He is founder of https://www.coinpayments.net/ and more. You can see the price action after Alex take back the steering wheel of the project.

The community trust is regaining and this project is the fastest EVM in the market. New team is working on many thing in behind the scene.

Let me share a twitter post about the Velas this infos are really new and the guy is explained well. @dexerxp

No fragmentation of liquidity, no Layer 2 or side chain needed. Ideal for Payment Processor because of low fee, instant tx and finality. $VLX inherits all the good things about $SOL but delivers to familiar full EVM support (unlike $NEON which has certain limits (may be minor) on EVM compatibility) without compromise. Sol native parallelize tx enable ultra fast execution for $VLX. Lots of new features and addons are coming to make it more awesome by new lead and original architect
@ervichov
. 2023 was a turmoil for VLX with change in CEO and sell off from undisclosed 3rd party to make chart plummet. Many people lost hope... but I remained optimistic to this unicorn $SOL fork. My bag was underwater (my initial entry was ~0.15$ and went all the way down to 0.0055) but I kept DCAing because I liked the vision of $VLX to have SOL like fee and execution but all inside EVM! Personally I am bullish on all highly scalable EVM, hence I have a position in $NEON but when you compare $NEON vs $VLX, $VLX is clearly superior with all inclusive Layer 1 super chain (unlike $NEON which is more like layer 1.5 [neither layer 1, neither side chain, neither L2). Tagging
@CryptoSeq
, an expert who I trust, to take a look. MC is 80M, FDMC is also 80M It has less than 8-10% annual inflation which is designed to go down as it matures. Validators and Staker APY is also 8-10%, so if you stake, you have nothing to lose.


One last Hint. Someone asked Alex if there can be a partnership like Ferrari he told "he has direct contacts in Red Bull and some surprise can come but the project has to go 0,3$ first and then we can speak such things"

Regards..