What is Velo? Simple Steps On How To Participate On KuCoin Spotlight | Buy VELO

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There are several cases, particularly in areas where blockchain technology might effectively change the lives of people who were the most that need it. It is an unfortunate state that people are now being taken advantage of by big businesses providing life-saving services in the most difficult circumstances. While emerging solutions to the current state of financial services suffering from problems such as high cost, low response time, and complicated procedures are only growing, these projects are still novel and often lack proven applications. Therefore, rather than reinventing the wheel, VELO is in a place where it can do the most good.

With the goal to incorporate the latest blockchain technology into traditional finance, Velo aims to construct a foundation for financial services that can provide more efficient and effective user experiences as well as a sophisticated solution to the increasingly complicated world of business. Decentralized at its core, and not greedy in nature, Velo is poised to become the world's largest digital credit protocol, capable of generating trillions of dollars worth of digital credits in service of numerous real-world use cases including cross-border remittance, lending, payment, and loyalty point programs.

About Velo
Velo is establishing an ecosystem that involves a plethora of utilities and services aimed at providing solutions for institutional entities. What motivated me to dig closer into Velo Labs originally was the backing of their organization. It is formed by Jiaravanon Chatchaval. For others, he may not sound like a global superstar but he's a successful Asian entrepreneur. He sits on the board of several companies including True Company, Thailand's leading Telecom Group, and owns the Fortune Magazine. His family also runs the CP Group too: Thailand's biggest conglomerate. The CP Party is also the main contributor to Velo Lab. The group controls all 7-Elevens (more than thousands) in Thailand and is one of the world's biggest conglomerates.

So far, the biggest positive for Velo is its significant partnerships. Also, Velo found that the majority of their partners and potential Velo Alliance members are of like mind and making similar adjustments and investments with one another. For example, one of the significant partners of Velo, Lightnet, is building an inclusive international remittance ecosystem around the Velo Protocol. Following a $31.2 million Series A financing in late January 2020, Lightnet is backed by large Asian conglomerates, giving it access to a giant network of banks and retail outlets to support customers. Perhaps, as businesses within the Velo network continues, huge opportunities for it persist, and in collaboration with the existing and upcoming partners, Velo is in for rapid growth and adoption.

Velo's native token acquired by KuCoin Spotlight
Right after its recent IEO sale with BNS, a lot of promising crypto projects from the DeFi sector are in hope of being selected in the next IEO on the platform. The last time the KuCoin Spotlight hosted a crowdfunding event was in July. As a result, KuCoin Shares (KCS) investors have been waiting patiently for an announcement from the team providing details of the next one. Several users have expressed optimism concerning the upcoming IEO. Additionally, speculation is high that the next KuCoin Spotlight IEO will be a DeFi project with the current trajectory of the space as well as several announcements like listings, integrations, etc. from the side of KuCoin. 

KuCoin Spotlight– KuCoin’s IEO platform to support innovative blockchain projects, has announced support for its 8th project of the year, Velo (http://velo.org/). The token sale of VELO on KuCoin Spotlight has recently set in motion, you may want to check this one for more info.



The IEO will be hosted in a lottery format, so make sure you participated before Sep 16, 2020 (UTC+8) 23:59:59. Each successful participant will be able to claim up to a maximum of 30 lottery tickets and receive a maximum of 5 winning tickets according to the different conditions that are met. Each winning ticket is eligible to purchase 50 USDT worth of the VELO tokens (fixed amount) using KCS.

Following are the simple steps to participate in the Spotlight:

First, to participate in the token sale, it is necessary to create an account on KuCoin. After successful registration, go to the Spotlight section of the navigation menu. As you can see, these are the participation criteria needed below.



Verifying your identity is the first step in getting a chance to participate in KuCoin Spotlight. This needs to be done to verify your identity and location, as residents of some countries are prohibited from buying tokens on KuCoin Spotlight. The process won’t take much of your time as KuCoin appears to be quite responsive to this matter.



As was discussed previously, KuCoin has now introduced a lottery system to select eligible users for the IEO. Once you successfully verified your identity, accepting the token purchase agreement and confirming the supported country would be pretty easy, which means that there is huge a guarantee you will have a chance to participate in the token sale.



Note: In addition to the participation criteria, to obtain a lottery ticket(s), there are several ways to get tickets: KCS holding, KTS Lockdrop, KuCoin 3rd anniversary collecting points. If you want to get 1 ticket, buy & hold 100 KCS before Sep.9. If you want to get 18 tickets, lock 8000 KCS in the ‘KTS Lockdrop’ activity on Sep. 9. For more detailed information about these, you may check it here.



The participation in a token sale on KuCoin Spotlight is basically nothing difficult. The team, on the contrary, has gone above and beyond ensuring that everything is streamlined, open, and very easy to get through.

Note, however, that such IEO token sales are actually at the center of tremendous interest. Which is why it includes thousands, if not hundreds of thousands of people. As was mentioned earlier, VELO is in a place where it can do the most good, which is why it is incredibly challenging for users to join this private sale and manage to participate on time as interest on the token is certain. Beyond the intense competition, however, anything else is completely smooth and very easy to deal with.

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