How to buy Veloce (VEXT): A Simple Guide

How to buy Veloce (VEXT)

In this comprehensive guide to Veloce (VEXT), we will delve deeper into the intricate workings of the project, and also offer practical advice on how to buy and securely store your Veloce (VEXT) tokens. Understanding the context of Veloce’s creation, its underlying technology, and its mission are essential to appreciate the value it brings to the ecosystem, giving you the knowledge and confidence to join the Veloce (VEXT) community. 

Where to buy Veloce (VEXT)?

Buying Veloce (VEXT) involves a three-step process. First, set up an account on a reputable cryptocurrency exchange that supports Veloce (VEXT). Next, deposit funds into your account, taking into consideration the different fee structures associated with various payment methods such as credit and debit cards, e-wallets, and direct bank transfers. Lastly, purchase Veloce (VEXT) on the exchange by inputting the amount you wish to spend, with the platform calculating the equivalent amount of Veloce (VEXT) based on the current market rate. We recommend buying Veloce (VEXT) on any of the following cryptocurrency exchanges:

1

 Bybit

Create Bybit Account

Fees (Maker/Taker)                   0.1%*-0.1%*

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2

 MEXC

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Fees (Maker/Taker)                    0.2%*-0.2%*

Cryptocurrencies
Available for Trade                             1500
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3

 Gate.io

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Fees (Maker/Taker)                    0.2%*-0.2%*

Cryptocurrencies
Available for Trade                           
1000+

Sign-up bonus
 Up to $100 in USDT vouchers*

Available in
Europe, Asia, Oceania, Africa

Understanding Veloce (VEXT):
An In-depth Guide to Its Features and Use Cases

Veloce, renowned as the world’s most expansive racing, gaming, and media ecosystem, is continuously evolving. With its inception in 2017, Veloce quickly made its mark in the motorsports industry, later expanding its reach into the broader spectrum of sports. Comprising three core pillars: real-world racing, gaming, and media, Veloce has firmly established itself as a disruptor and pioneer. The organization’s dedication and innovative approach have led to securing a total of £12.5M since its foundation, mainly through traditional equity financing. The company’s valuation reached a significant milestone in 2021, with a pre-money valuation of £60m. Corporate revenues have seen a stellar rise, with a compound annual growth rate of 90% since 2017. The projection indicates a potential 70% increase in revenues by the end of the financial year in June 2023. As of January 2023, Veloce boasts a dynamic and diverse team of 42 dedicated employees.

The Vextverse is an exciting evolution of Veloce. Conceived as an immersive and experiential platform, it caters to fans and followers of Veloce and its constituent brands, channels, and teams. This new venture signifies Veloce’s initial steps towards transforming into a truly decentralized organization. The essence of Vextverse lies in its commitment to user governance, encouraging active participation in proposal-making, voting, and engagement in games and exclusive clubs. While Veloce has always been recognized as a responsibly managed and robust organization, the focus now is on enhancing utility, experiences, and integrations within the Vextverse.

How does Veloce (VEXT) work?

The Vextverse operates as a decentralized platform, emphasizing user engagement and ownership. By democratizing decision-making, it allows supporters to actively participate in the governance process. The foundations of Vextverse are rooted in promoting user governance, enabling members to make proposals, cast votes, and have a voice in the direction the platform takes. This level of involvement ensures that the community remains at the heart of every decision, fostering a sense of belonging and collective ownership.

Additionally, the Vextverse enhances user engagement through interactive games and exclusive clubs. These elements not only provide entertainment but also serve as avenues for supporters to connect, collaborate, and build a vibrant community. By integrating these interactive features, Vextverse ensures that it remains a dynamic platform, constantly adapting to the needs and preferences of its users.

Furthermore, Veloce’s transition to the Vextverse signals its dedication to harnessing the power of decentralization. By distributing authority and decision-making, Veloce empowers its community, ensuring that the platform remains resilient, adaptive, and truly representative of its users. This decentralized model guarantees that Veloce remains agile, responsive to change, and continuously innovates to provide unparalleled experiences to its community.

Veloce’s underlying strength, however, is derived from its three core pillars: real-world racing, gaming, and media. These pillars have been instrumental in its growth and success since its inception. As Veloce integrates these elements into the Vextverse, it ensures that users have a plethora of experiences to choose from, each tailored to cater to diverse interests and preferences.

What is the VEXT Token

Veloce’s Foray into Esports

Veloce’s expedition into the realm of Esports is both groundbreaking and formidable. As a prominent entity in the Esports landscape, Veloce operates a vast professional gaming and Esports organization, renowned for its innovation and unparalleled successes. Racing under the Veloce banner across numerous racing titles, the organization, in collaboration with its partners, has clinched victories in some of the world’s most prestigious racing Esports competitions, including the Le Mans Esports series and the F1 Esports Pro Series.

Further amplifying its dominance in the Esports industry, Veloce Esports has forged strategic partnerships with leading Formula 1 organizations, including Ferrari, Mercedes AMG Petronas, and McLaren. Additionally, it operates Yas Heat on behalf of the Abu Dhabi Government, an initiative aimed at bringing together and nurturing the world’s best talents. Veloce’s teams actively participate in major racing Esports series, consistently clinching championship titles and race wins.

The organization’s influence doesn’t stop there. Veloce Esports also owns and operates several flourishing gaming sub-brands. Notably, Quadrant, a rapidly expanding gaming and lifestyle brand co-owned by Formula 1 driver Lando Norris, stands out. This sub-brand competes in popular games like Rocket League, Fortnite, and Halo. In a collaborative endeavor with Microsoft in 2022, Quadrant launched a limited-edition Formula 1 racing helmet inspired by Master Chief, the iconic protagonist of the Halo video game series.

Veloce’s commitment to Esports is further exemplified by its successful track record in organizing Esports leagues and events. One such prominent agreement is the launch of the VERSUS Ultra Series in partnership with gaming publishers EA and Codemasters. This online racing format offers players a unique opportunity to compete alongside their real and virtual racing heroes. With its experience and expertise, Veloce’s foray into the Vextverse is poised to be a monumental success, leveraging the organization’s legacy and vision for the future.

Veloce’s Commitment to Sustainable Racing

Veloce’s DNA is deeply intertwined with racing. The organization’s passion for motorsports is evident in its forward-thinking approach to promoting an inclusive and sustainable vision for the future of racing. Veloce Racing showcases this commitment through its active participation in Extreme E, a pioneering off-road racing championship.

Established in 2021, Extreme E stands as a beacon of sustainability in the racing world. The championship’s core objective is to shed light on the pressing issue of climate change and promote sustainable practices. By racing electric SUVs in some of the most extreme and remote locations worldwide, each affected by climate change, Extreme E underscores the urgency of environmental consciousness. These race locations include the pristine Arctic, the dense Amazon rainforest, the vast Sahara desert, the towering Himalayas, and the picturesque coasts of Senegal.

Veloce Racing’s involvement in Extreme E is further enriched by the expertise and vision of some of the racing world’s most prominent figures. Among these luminaries are Formula One’s most successful designer, Adrian Newey, and Jean-Eric Vergne, a former F1 driver and two-time Formula E World Champion. Both of these racing legends serve as shareholders and advisors within Veloce. Moreover, Jamie Chadwick, the world’s leading female racing driver and a three-time W Series World Champion, also offers her insights and prowess as an advisor and signed talent to Veloce Racing.

The championship’s competitive landscape is enhanced by the participation of eminent teams, including General Motors Ganassi Racing, competing under the Hummer brand, and Team X44, established by the seven-time Formula 1 World Champion, Sir Lewis Hamilton. Veloce Racing stands shoulder to shoulder with these giants, emphasizing its dedication to redefining motorsports through a lens of sustainability and environmental responsibility.

Evolving the Vextverse’s Foundations

The Vextverse, envisioned as a distributed system, is grounded upon the robust Polygon network. The ideologies that form the backbone of distributed systems, including decentralized control, transparency, and democracy, harmoniously align with Veloce’s broader corporate strategy. Veloce, having been built with and for its vibrant community, perceives this evolution into the Vextverse as a natural progression in its quest to continually reward, engage, and excite its fans.

Distributed ledger technologies, underpinning the structure of the Vextverse, challenge the traditional paradigms of social, corporate, and economic frameworks for a technology company. By offering a trusted, secure, and resilient foundational layer, well-designed distributed ledgers pave the way for transparent and democratized operations. The Vextverse, with its commitment to these principles, exemplifies a transformative approach to fostering community engagement and decentralized governance.

Veloce’s Adoption of the Polygon Network for the Vextverse

Choosing the right network foundation is paramount for any digital ecosystem aiming for scalability, efficiency, and user engagement. Veloce, always at the forefront of embracing innovation, has wisely selected the Polygon network for its Vextverse. But what drove this decision?

First and foremost, speed is of the essence. Polygon boasts a high transaction per second (tps) capacity, which stands favorably in comparison to several competitor networks. This metric is crucial for the Vextverse, especially since it’s expected to include a broad gaming ecosystem with a significant volume of in-game transactions.

Polygon’s ability to process up to 65,000 tps, matching even global payment giants like Visa, ensures that users of the Vextverse experience seamless interactions without any hiccups. Interestingly, Polygon achieves this commendable tps capacity as a Layer 2 protocol by utilizing a system of sidechains. These sidechains allow transactions to be processed off-chain, thereby ensuring swiftness and efficiency.

Furthermore, a Veloce-commissioned survey in July 2022 provides a testament to the readiness of Veloce’s followers to dive into the Vextverse. An estimated 31% of Veloce’s followers already had experience managing a crypto asset wallet, and 33% had previously purchased crypto assets. This data, consistent with the demographics of the Veloce Media Network, underscores the timely and strategic selection of Polygon for the Vextverse.

Veloce development updates in 2023

In 2023, Veloce, known for its digital racing media network, made significant advancements in the cryptocurrency space with the development of its VEXT token. Here’s an overview of the key developments:

  • Launch of VEXT Token: Veloce launched its utility and governance token, VEXT, which signifies the company’s foray into Web 3.0. This token is designed to allow the Veloce community to influence and govern key decentralized Veloce assets​​.

  • Partnership with Polygon Labs: To facilitate this transition, Veloce collaborated with Polygon Labs. This partnership capitalizes on Polygon’s Ethereum scaling architecture, which is known for enabling swift, cost-effective, and secure transactions. The integration of Veloce’s VEXT token with the Polygon blockchain is aimed at evolving the entire ecosystem into Web3, thereby creating the first decentralized global sporting group​​​​.

  • Token Utility and Community Empowerment: The VEXT token enables holders to integrate within the Veloce ecosystem and have a tangible influence on the direction of assets within the Veloce group. This includes teams, talent, leagues, and content. Token holders can also transact across games and live interactive sports features, with rewards for engagement such as tokens, early access to merchandise, and real-world events​​​​.

  • VEXT’s Future Plans and Features: VEXT’s launch brings several evolving user experiences, including voting and proposal features, gamified staking pools, integrated games, and more. Additionally, future updates are expected to offer product and merchandise privileges, token holder event access, and interoperability across all features​​.

These developments highlight Veloce’s commitment to integrating blockchain technology into its operations, thereby enhancing its position in the digital racing and gaming industry while also venturing into the realm of decentralized sports organizations.

How to safely store your Veloce (VEXT) Tokens

Ledger Hardware Wallet
Trezor Hardware Wallet

Best cryptocurrency wallet for Veloce (VEXT)

Navigating the world of cryptocurrency wallets can be quite an adventure, as there are numerous options available to suit different needs. To find the perfect wallet for you, consider your trading habits and the level of security you require. Generally, there are two main categories of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical).

Each type of wallet comes with its own set of advantages and drawbacks, so there isn’t necessarily a one-size-fits-all solution. As you embark on your journey to find the best crypto wallet for your Veloce (VEXT) tokens, remember to keep an open mind and explore the features that align with your personal preferences and requirements.

When choosing the right wallet for your Veloce (VEXT) tokens, consider the following factors:

  • Trading frequency: Hot wallets are generally more suitable for active traders due to their quick login capabilities, allowing for seamless buying and selling of crypto. Cold wallets, on the other hand, are better suited for those who make less frequent trades.
  • Supported cryptocurrencies: Although not all wallets cater to every cryptocurrency, some of the best ones can trade a vast array of currencies, offering a versatile experience. Make sure the wallet you choose supports Veloce (VEXT).
  • Security concerns: If you’re worried about potential hacking incidents, a physical cold wallet stored in a safe deposit box or a secure location at home provides the highest level of protection. However, if you’re confident in safeguarding your hot wallet, you might prefer its convenience.
  • Associated costs: Investigate the costs of each wallet option. While many hot wallets are free to set up, cold wallets, being hardware devices, will require an upfront investment.
  • Wallet features: While the basic functions of cryptocurrency wallets remain the same, additional features can distinguish one wallet from another. Hot wallets often come with advanced reporting tools, crypto market insights, and currency conversion capabilities. Security features can also be an essential factor when making your decision.

By considering all of these aspects, you’ll be better equipped to select the perfect cryptocurrency wallet for your Veloce (VEXT) tokens.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re planning to handle larger amounts of crypto, investing in cold storage can be a wise decision. Two of the most popular cold storage options are the Ledger Nano and the Trezor.

Ledger creates cold storage wallets designed for users who prioritize security. Their wallets are physical devices that connect to your computer, and you can only send cryptocurrency from them when they’re connected. Ledger offers a range of products, including the Ledger Nano S and the Ledger Nano X, which features Bluetooth connectivity.

Trezor, a trailblazer in the hardware wallet industry, combines top-notch security with an intuitive interface and compatibility with various desktop wallets. This blend makes it suitable for both beginners and experienced users. Trezor has earned a great deal of respect within the Bitcoin community over time. They offer two primary models – the Trezor One and the Trezor Model T, which comes with a built-in touchscreen.

Veloce (VEXT) Price & Charts

Find the latest Veloce (VEXT) price charts, trade volume, market cap, historical price performance and other vital information to help you with your cryptocurrency trading and investing on CoinMarketCap.
Here you can see the following:
  • Market Capitalization And Daily Trading Volume
  • Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)
  • Circulating And Total Supply
  • Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).
CoinMarketCap

Frequently Asked Questions (FAQ)

Where is the best place to buy Veloce (VEXT)?

We recommend either Bybit, MEXC or Gate.io as these platforms excel in functionality, reputation, security, customer support, and competitive fees.

How to buy Veloce (VEXT) in Europe?

In Europe, acquiring Veloce (VEXT) tokens is a seamless process, with numerous reputable cryptocurrency exchange platforms available to cater to your needs. Among the top choices, we recommend Bybit, MEXC, or Gate.io due to their outstanding performance in key areas such as functionality, reputation, security, customer support, and competitive fees.

These platforms have established a strong presence not only in Europe but also globally, offering an extensive range of cryptocurrencies, including Veloce (VEXT).

How to buy Veloce (VEXT) in the US?

For the United States, buying Veloce (VEXT) tokens is also an effortless process, we particularly recommend MEXC, a top-tier exchange that excels in functionality, reputation, security, customer support, and competitive fees.

MEXC has established a strong presence in the US and across the globe, offering a wide range of cryptocurrencies, including Veloce (VEXT). Catering to US-based customers, MEXC provides a user-friendly interface, responsive customer support, and multiple payment options, making it easy for users throughout the country to invest in digital currencies.

How much does Veloce (VEXT) cost to buy?

Unlike traditional trading options, cryptocurrency allows for fractional purchases, so you don’t need to buy whole coins. This flexibility means you can begin investing in Veloce (VEXT) and other digital currencies with an investment as low as $1!

Is it safe to buy Veloce (VEXT)?

Safeguarding your investments is a joint effort, and adhering to recommended security practices is crucial. The first step to safely buying Veloce (VEXT) is selecting a reputable exchange known for its reliability and strong security measures. Make sure to choose an exchange with a proven track record and positive reputation in the industry to minimize potential risks.

Is it Possible to Convert Veloce (VEXT) to Cash?

Absolutely! After choosing your preferred cryptocurrency exchange platform, you can effortlessly convert your Veloce (VEXT) tokens into cash at the current market rate using the exchange’s user-friendly trading interface.

What is the Veloce (VEXT) Crypto Price Forecast?

Accurately predicting the Veloce (VEXT) price for any time frame is challenging, but various fundamental factors offer insight into the token’s potential price fluctuations and volatility. Essential aspects to consider include:

  • Adoption Rate –  Increased on-chain activity, driven by the growing number of developers and users on the Veloce (VEXT) platform, may lead to higher demand and value for it. This expansion could also boost investor confidence, prompting more people to buy and hold the tokens.
  • Innovative Developments –  The introduction of innovative features that improve Veloce (VEXT)‘s capabilities can make the project more attractive for usage or investment, potentially driving up the token price. Furthermore, the Veloce (VEXT) cryptocurrency value may experience a surge following announcements of new partnerships and investments in the project.
  • Market Sentiment –  The overall market outlook significantly impacts Veloce (VEXT) crypto price trends. A risk-on attitude among global investors encourages buying activity in the crypto market, supporting Veloce (VEXT)‘s price. On the other hand, bearish or risk-averse sentiment can trigger sell-offs that may negatively affect the price in the market.
Last updated Dec 23, 2023

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