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View ChartVeloce (VEXT) is an ERC-20 governance and utility token that powers the Veloce Media Group ecosystem, a digital racing media network that has expanded into Web3 through its VEXTVERSE decentralized application. The token allows holders to interact with GameFi products, transact across games and live sports features, and receive rewards such as tokens, merchandise, and tickets to real-world events. Veloce Media Group operates at the intersection of gaming, racing, and blockchain technology, with the stated goal of decentralizing the fan experience and giving community members tangible influence over the direction of the brand's assets.
VEXT is deployed as an ERC-20 token on both the Polygon and Ethereum networks. Polygon serves as the primary blockchain due to its scalability and low transaction costs, while Ethereum provides additional security through its proof-of-stake consensus mechanism. The token has a maximum total supply of 300,000,000 VEXT, with approximately 67% allocated toward rewards for token lockers through race clubs and treasury distributions supporting ecosystem growth. VEXT launched in 2023 and represents one of the first attempts to disrupt the traditional ownership model of sporting and entertainment media groups by introducing community governance.
Veloce was co-founded by Rupert Svendsen-Cook, who serves as Chief Executive Officer. Svendsen-Cook has a background as a car racing driver and has been with the company since its inception. Starting in 2022, he also served as a director of the Singapore-based VEXT Foundation. Jack Clarke and Jean-Eric Vergne are also listed as co-founders. The team originates from the United Kingdom, and its members include a former Guitar Hero world champion who transitioned into professional sim racing.
The project has attracted backing from notable investors. Animoca Brands, a gaming-focused venture capital group, was revealed as a backer of Veloce in 2021. In July 2023, Veloce Media Group announced an investment partnership with GEM Digital Limited worth up to $50 million through an agreement surrounding VEXT tokens. Veloce launched VEXT in collaboration with Web 3.0 developer MDRxTech.
VEXT operates as a governance and utility token within the VEXTVERSE dApp, which serves as the central hub for the Veloce ecosystem. Token holders can participate in governance by making and voting on proposals that guide the ecosystem's direction. To prevent unequal weighting in governance decisions, Veloce employs the Penrose method, which calculates voting power using the square root of a user's VEXT holdings, thereby leveling the playing field for smaller holders.
The platform also incorporates an NFT-based service model. Service providers can use NFTs to offer tiered services, with VEXT augmenting these NFTs to enable enhanced offerings such as VIP access, priority lines, and premium content. VEXT is also used to cover costs associated with NFT creation, storage, DNS, hosting, community maintenance, communications, and transactions. A 1% fee on all VEXT transactions is collected to advance the development of the technology platform and maintain community infrastructure. The token is built on Polygon's scalable sidechain, which provides fast and low-cost transactions while achieving finality on the Ethereum mainchain.
Veloce distinguishes itself by building on an existing gaming and sports media company that has operated for over six years as a business, with an established audience, intellectual property, and real-world sporting assets. The organization reaches over 37 million subscribers and generates more than 650 million monthly views, providing a substantial existing user base to promote Web3 adoption. Veloce Esports operates professional teams for Ferrari, Mercedes, and McLaren, and participates in non-racing competitions including Fortnite and Halo. Veloce Racing competes in the Extreme E electric off-road racing series and claimed its first victory in that series in 2023.
The project is described as one of the first examples of disrupting the ownership model of traditional sporting and entertainment media groups. By using VEXT as a governance token, Veloce aims to empower the next generation of fandom among gamers and motorsport enthusiasts, giving fans a tangible influence over the direction of teams and assets. The organization has worked on branding opportunities with boxer Manny Pacquiao, Formula One driver Lando Norris, and game maker EA, demonstrating its ability to bridge traditional sports entertainment and blockchain technology.
VEXT serves multiple functions within the Veloce ecosystem. Primarily, it acts as a governance token that allows holders to vote on proposals and influence the direction of decentralized assets within the Veloce brand. Token holders can also use VEXT to interact with various GameFi products within the VEXTVERSE dApp, transact across games and live sports features, and receive rewards including tokens, merchandise, and tickets to real-world events.
Access to perks is stratified through Veloce's race clubs, which require locking up incremental numbers of VEXT tokens. Each level—silver, gold, and platinum—gives users increasing access to token rewards and other prizes. Additionally, VEXT can be used to augment NFTs as an additional payment method to unlock higher-value premium services such as line priority, enhanced data, protected content, and VIP access. The token also covers operational costs including NFT creation, storage, hosting, and community maintenance.
The Veloce ecosystem centers on the VEXTVERSE dApp, developed in conjunction with Veloce partners, which completes the brand's transformation into a decentralized community. The ecosystem includes Veloce Esports, the professional gaming arm that operates virtual teams for major automotive brands and participates in non-racing game competitions; Veloce Racing, the physical racing outfit competing in Extreme E; and the Veloce Media Network, a collection of channels producing esports, racing, and gaming content.
Veloce Media Group operates as the umbrella organization coordinating these brands from London. The organization has expanded its reach significantly, attracting over 600 million monthly views by January 2023. In 2023, VMG announced that it would become a community-owned project, using VEXT to allow users to govern and direct company activities. The project continues to develop its presence across multiple blockchain networks and trading venues, with VEXT available on various platforms and trading pairs including VEXT-USDT and VEXT-USD.
VEXT is not a mineable cryptocurrency. As an ERC-20 token deployed on Polygon and Ethereum, it operates on a proof-of-stake consensus mechanism rather than a proof-of-work mining model. There is no mining process for VEXT tokens. Instead, tokens are distributed through the project's treasury release mechanisms and governance rewards programs.
Token holders can earn additional VEXT through participation in the ecosystem's race clubs, which require locking up incremental numbers of tokens. By locking VEXT in silver, gold, or platinum tiers, users gain access to increasing token rewards and other prizes. The treasury also programmatically releases governance rewards to support continued investment in the VEXTVERSE and incentivize community participation.
VEXT is an ERC-20 token on both Polygon and Ethereum, so it can be stored in any compatible wallet that supports these networks. Users should ensure they use wallets that officially support ERC-20 tokens on Polygon and Ethereum, and always verify contract addresses before conducting transactions. The official Polygon contract address is 0x27842334C55c01DDFE81Bf687425F906816c5141 and the Ethereum contract address is 0xb2492e97a68a6e4b9e9a11b99f6c42e5accd38c7.
As with any cryptocurrency, VEXT prices respond to overall market sentiment, trading volume, liquidity, macroeconomic conditions, regulatory news, and supply dynamics. Crypto assets are highly volatile and prices can move sharply in either direction. Users should practice standard security measures including using hardware wallets for significant holdings, never sharing private keys, verifying all transaction details before confirming, and being cautious of unsolicited offers or phishing attempts. Every VEXT transaction is recorded on a public blockchain that anyone can verify.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for VEXT are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Veloce (VEXT) is $0.0001. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated VEXT to USD rate at the top of BTCC’s price page. In terms of market scope, Veloce records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $21.626938K. Its current circulating supply stands at 216.48M out of a maximum supply cap of 300M.
The price volatility of Veloce (VEXT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (216.48M) to max supply (300M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Veloce (VEXT) hit an all-time high (ATH) of $0.716947 on 2023-09-04 22:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000027 on 2026-01-16 14:40. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading VEXT futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s VEXTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Veloce, simply log into your BTCC account with USDT margin available, navigate to the VEXTUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for VEXTUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.0001), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for VEXTUSDT with zero financial risk.
Trading Veloce (VEXT) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for VEXTUSDT, and review its live price ($0.0001) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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