BTC $61240.63 (1.06%)
ETH $4104.54 (4.21%)
USDT $1.00 (0.06%)
BCH $626.45 (1.46%)
BSV $171.17 (0.61%)
LTC $195.65 (1.76%)
BNB $480.94 (0.37%)
ADA $2.15 (0.30%)
DOGE $0.24 (4.89%)
BTC $61240.63 (1.06%)
ETH $4104.54 (4.21%)
USDT $1.00 (0.06%)
BCH $626.45 (1.46%)
BSV $171.17 (0.61%)
LTC $195.65 (1.76%)
BNB $480.94 (0.37%)
ADA $2.15 (0.30%)
DOGE $0.24 (4.89%)

VelasPad Launch Spurs Blockchain Growth and Development

Why_The_Launch_of_VelasPad_Today_Is_A_Big_Deal_For_Blockchain_Growth Blockchain News
  • VelasPad launches to accelerate the growth and development of blockchain projects
  • The platform will help projects secure funds and distribute tokens transparently
  • VelasPad is backed by the Bluezilla Group, known for ETHPad, TRONPad, and BSCPad

As the blockchain industry grows, the market is becoming more competitive. Users opt for faster, more efficient, and more affordable services as they try to avoid the volatile and high fees on the popular Ethereum network. This is one of the issues that VelasPad provides a solution for. The launchpad recently took off with the goal of empowering projects to build on the Velas blockchain — a leading blockchain with high transactions-per-second (TPS) and rock-bottom costs.

The benefits of having a native launchpad are astronomical. This not only helps projects gather funds, but also provides a platform to issue tokens transparently and fairly.

Within the Velas ecosystem, the launchpad is VelasPad. It’s officially endorsed and partnered with Velas while being a separate entity in itself. This means that the Velaspad platform is an independent platform. It’s connected to Velas, but it’s not owned by Velas.

The team believes that the strong ties between Velas and the VelasPad team spark a significant expansion for the ecosystem. Aside from this, it’s also an essential bridge that connects blockchain with real-world industries.

To unite traditional industries with blockchain, it’s necessary to have a platform that performs decentralized funding of upcoming projects. Aside from that, providing industry expertise and other types of support is also crucial.

Facilitating token sales is a given, however, launchpads have more to offer. VelasPad provides a lot of technical solutions for developers to equip them in their journey of exploring one of the world’s highest-performing blockchains. Moreover, access to the Velas grant program will make a tremendous difference for the long-term growth of their projects and also the industry as a whole.

The primary value proposition of VelasPad is that projects that launch through it can potentially be expedited into the $5 million grant program of Velas — which aims to speed up projects’ growth and development. Aside from this, the initial grant candidates will also use VelasPad to conduct their initial fundraising efforts.

According to the VelasPad team,

we help fuel the future of mass-market blockchain applications building in the Velas ecosystem.

VelasPad aims to be one of the leading launchpad ventures along with BSCPad, ETHPad, and TRONPad. Moreover, the team behind all of these projects is also the same team seeding Velaspad — the Bluezilla Group.

Along with the launch, the VelasPad team also launched an initial DEX offering (IDO) on Bluezilla’s BSCPad, ETHPad, KCCPad, and TRONPad. It happened on September 22, 2021, and many participated to support the platform.

According to the VelasPad team, this launch is not just for the Velas community. They believe that it’s a catalyst for the entire blockchain and crypto community for further growth.

Tapping into Velas’ leading blockchain, the Bluezilla team recognized the advantages of a network, based on Solana, with up to 50,000 TPS and low fees which also supports ETH-based smart contracts.

Aside from this, the platform also provides anti-bot and trader-first liquidity systems, cross-chain bridges, and staking systems. Additionally, it has deflationary mechanisms within selling, staking, and IDO participation. With the platform, long-term growth is a priority for all parties involved in the Velas blockchain.

Lastly, decentralized applications are on the rise. As many witnessed, Ethereum is simply not scalable for DApps. The Velas blockchain provides a solution to this — by mounting smart contracts on the Solana ecosystem. With it, existing code can be used and transferred.

Recommended News

Ezra Reguerra is the Senior Editor for CoinQuora. He works in the editorial aspects of the publication. His tasks include writing, overseeing the content team, setting goals, and approving content.