Article Summary, Automatically Generated By AI
About Veloce
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VEXT Token:
ERC-20 governance and utility token for interacting with GameFi products within VEXTVERSE dApp. -
Veloce Media Group:
World’s leading digital racing media network, entering Web3 space with VEXTVERSE dApp and VEXT token. -
VEXT Uniqueness:
Built on an existing gaming and sports media company with an established audience, IP, and real-world sporting assets. -
VEXT Circulation:
300,000,000 VEXT total available, 17.28M VEXT initially in circulation, with additional releases from Treasury. -
VEXT Network Security:
ERC-20 token on Polygon
About Veloce
At the forefront of innovation, Veloce is a pioneering force in the realm of cryptocurrency and blockchain technology.
Introducing VEXT: A Revolutionary Concept
VEXT is an ERC-20 governance and utility token that empowers its holders to seamlessly interact with a diverse array of GameFi products within the VEXTVERSE dApp, a cornerstone of the Veloce ecosystem. By leveraging this token, users can effortlessly transact across various games and live sports features, unlocking a plethora of rewards, including tokens, merchandise, tickets to real-world events, and more. The dApp, fueled by VEXT and developed in collaboration with Veloce partners, marks a significant milestone in the brand’s transformation into a decentralized community, while offering additional utility to onboard users and rewarding early adopters.
Introducing Veloce Media Group: A Pioneering Force in the Digital Landscape
Veloce Media Group, the world’s preeminent digital racing media network, has ventured into the Web3 realm with the launch of its dApp, VEXTVERSE, and its governance and utility token, VEXT. This innovative dApp harnesses the power of the token, enabling the Veloce community to exert influence and governance over key decentralised assets within the Veloce brand, encompassing Veloce Esports, a premier gaming and racing platform, and Veloce Racing, the esteemed Extreme E championship team. Boasting the largest digital racing audience globally, with a staggering 37+ million subscribers and 650M+ monthly views, Veloce is poised to leverage its extensive reach and credibility to drive mass adoption within the Web3 ecosystem.
What Sets VEXT Apart?
VEXT is founded upon a thriving gaming and sports media entity, boasting a 6+ year operational track record, a devoted audience, and a rich repository of Intellectual Property (IP) and tangible sporting assets.
VEXT is a pioneering endeavour that challenges the traditional ownership paradigm in the sporting and entertainment media landscape. In today’s society, sports occupy a paramount position, boasting the largest and most ardent fanbase globally. However, as the industry has undergone transformation, teams have become increasingly centralised, leaving fans relegated to the periphery. Our mission is to empower the next generation of enthusiasts amongst gamers and motorsport aficionados, and VEXT provides the ideal platform to achieve this vision!
What is the Total Supply of VEXT in Circulation?
The total available supply of VEXT is capped at 300,000,000 units. Initially, 17.28 million VEXT are expected to be in circulation. Furthermore, Veloce has planned a strategic release of additional VEXT from the Treasury, which will serve a dual purpose: funding ongoing investments in the Vextverse ecosystem and providing programmatically distributed governance rewards.
Ensuring the Integrity of the VEXT Network: A Multilayered Security Approach
VEXT is an ERC-20 token, seamlessly bridging both the Polygon and Ethereum networks. As the leading scaling solution for Ethereum, Polygon facilitates rapid, low-cost, and secure transactions on its side chains, with ultimate settlement on the Ethereum mainchain. By leveraging multiple side chains, the network achieves a remarkable throughput of transactions. As a widely adopted token standard, ERC-20 is the benchmark for new tokens launching on EVM-compatible blockchains. As one of the most prominent blockchains, Ethereum has established itself as the go-to solution for numerous decentralized applications, ensuring the security of VEXT through its robust proof-of-stake (POS) consensus mechanism.
WHERE TO ACQUIRE VEXT?
The VEXT token can be seamlessly acquired directly through our esteemed on/off ramp provider partner when establishing a custodial wallet within the VEXTVERSE dApp ecosystem (https://app.vextoken.io), or alternatively, through a diverse range of prominent centralised and decentralised exchanges.