VLX
These are the questions readers ask most about Velas and VLX, answered briefly and with links to the longer guides. Where something cannot be verified from primary sources, the answer says so instead of guessing. Nothing here is financial advice.
A good habit before acting on any answer, including ours, is to confirm it against the project's own pages at velas.com and docs.velas.com, since prices, listings and wallet features change. The independent explorers, native and EVM, are the best place to check anything on chain.
If your question is not answered here, the contact page is the place to send it. We would rather correct a mistake than leave it standing, and we update answers when we can confirm a change from a primary source.
Frequently asked questions
What is VLX and what is it used for?
VLX is the native coin of the Velas blockchain. It pays network fees and is used for staking with validators. See what is Velas.
How do I buy VLX?
Choose a licensed platform, check that a VLX market is available in your country before depositing, complete verification, fund your account and place an order. Our buying guide lists each step and the checks to do first.
Where can I buy VLX?
Availability changes over time and by country, and we cannot confirm any particular exchange lists it today. See where to buy VLX for how to verify a market yourself.
What is the VLX contract address?
Native VLX on the Velas chain has no contract. The ERC-20 and BEP-20 tokens have contract addresses, listed on the contract address page with a verification routine.
Can I stake VLX and how much can I earn?
Yes, by delegating to a validator in the official wallet. The rate changes with total stake and validator commission, so we publish no fixed figure. See the staking guide and validator guide.
Is Velas compatible with Ethereum wallets?
It has an embedded EVM, so wallets that support custom networks can connect. Always take the network values from the official documentation. See EVM compatibility.
Is Velas a Solana fork?
The official site describes it as based on Solana code with an added EVM. It is a separate network with its own token and validators. Read Velas vs Solana.
What does 75,000 TPS mean?
It is the throughput the project states as a design maximum. It is not a measure of daily usage, and we cannot confirm it as an observed figure. See fees and speed.
When did Velas launch?
The official site states that the mainnet launched in 2019. For team and background, see history and team.
What is the highest price VLX has reached?
CoinGecko lists an all-time high of roughly 57 cents. Check the price page for current data, and treat past peaks as context, not as targets.
Why do market cap and supply differ between sites?
Sources classify locked, staked and reserve coins differently and may track different markets. Compare several, as explained in market cap and supply.
How can I check a transaction?
Paste the hash into the tracker on the explorer page or open the EVM or native explorer directly. A failed transaction still costs a fee.
Is VLX safe to hold?
It is a small-cap asset with limited liquidity and high volatility, and most losses come from phishing and wrong-network sends. Read the risk guide and invest only what you can lose.
Will VLX go up?
Nobody can know. We do not publish price targets; the price outlook explains the drivers and how to treat forecasts.
Where do I find official Velas news?
On velas.com, in the documentation at docs.velas.com, and on channels linked from there. See roadmap and news.
