Velas (VLX) is the native token and governance asset of Velas, a high-performance
Layer-1 blockchain that combines AI-optimized
proof-of-stake consensus (AIPoS) with EVM compatibility to deliver fast transactions, low fees, and scalability for
dApps,
DeFi, gaming, and enterprise solutions. Launched in 2019, Velas uses machine learning to dynamically adjust
validator selection and block times, achieving high throughput while maintaining security. The VLX token is used for
staking to secure the network and earn rewards, governance voting on protocol upgrades and treasury allocation, fee payments, and incentives for validators and developers in an AI-enhanced, EVM-compatible ecosystem secured by audited contracts.
When Did Velas Launch?
Velas was founded in 2019 and launched its mainnet and VLX token in late 2019 after an
ICO. The network expanded with AI optimizations and
EVM support in 2020–2021, achieved ecosystem growth in 2022–2023, and continued development in 2025 with improved consensus, new dApp integrations, and governance features, maintaining active transaction volume by December 2025.
What Are the Key Features of Velas?
Velas features AI-optimized proof-of-stake (AIPoS) for dynamic validator selection, EVM compatibility for Ethereum tooling, high throughput with sub-second finality, staking rewards for VLX holders, governance voting, audited security, low fees, and tools for DeFi, gaming,
NFTs, and enterprise applications in a scalable Layer-1 ecosystem.
What Is VLX Used For?
VLX is used for staking to secure the network and earn rewards, voting in Velas governance on upgrades and treasury allocation, paying transaction fees, providing liquidity for yields, and accessing ecosystem incentives including validator rewards and developer grants.
What Is the VLX Token Utility?
VLX secures network consensus through staking and reward distribution, powers governance voting on protocol parameters and treasury, covers fees with potential burns for deflation, captures value from network activity allocated to stakers, incentivizes validators and liquidity providers, and funds ecosystem growth through treasury allocations for development and integrations.
What Blockchain Does Velas Operate On?
Velas operates on its own sovereign Layer-1 blockchain with EVM compatibility and AI-optimized consensus.
What Are VLX Tokenomics?
VLX has inflationary rewards for staking with controlled circulation as of December 2025. Allocation prioritizes staking incentives, ecosystem development, team vesting, liquidity, treasury; balanced by burns and emission schedule.