/biz/ - Business & Finance

using trading volume to rebase, that's pretty cool. Will pick up a smol bag

The CEO of the Telos Foundation is their Community Manager/Advisor.

Pretty bullish on this project. The AMA should be lit.

Probably the only rebase token left with credentials. Drop by the TG and check the whitepaper out.

I actually hold this already - hard to find projects like this so early. Looking forward to their roadmap - a lot of work has gone into this project and it’s just the *first* project from the team.

>>24746159

Suvi is going to take this project to Valhallaaaaaaaaaaaaaaaaaa

>>24746215
Suvi > Elsa

forgot to mention - read the wp or look at the code if you need convincing... this is NOT your typical rebase project. this was fair-launched, no dev fund, no pre-mine.

>>24746250

$SUVI!!!! check out her LinkedIn profile - Suvi Rinkinen

FOLLOW THE $BLUE DOTS

>>24746177

Wp is bonkers... calculus overload

GET THE FUCK IN

>>24746310

Wtf are you talking about

hold up

>>24746429
>>24746429

wait a minute

yo seriously tho don’t miss the fucking AMA. If you wait until after the AMA to buy you’re an idiot.

>>24746912

DON’T TELL ME WHAT TO DO

>>24746429

????

>>24746118
Just bought a top 20 wallet while I can. Thanks for the heads up. Will dump at 10X

>>24747292
Post proof or larp

>mfw I threw $15 into this on a whim days ago before it went 10x

>>24747368
heres proof, pic related

mfw my $500 investment is about to net me $500k when this gains some traction. read the WP!

>>24747292

Tune into the ama you’ll aim higher

>>24747292

Np but 10x is way too soon for this one

>>24747429

Nice - now go back in time

>>24746118
So more transactions, lesser supply. What's stopping one dude from using a bot and pumping up the transaction numbers?

>>24748121
Bots would increase token velocity and call for more token burn and reduction in supply, overall it would increase the price of Velo. You should check out the whitepaper, this one has huge potential to make a lot of us rich.

>>24747292
You just put over 10k into this?

>>24748121

bots are this project's BEST FRIEND. the velocity also affects LP rewards... if velocity is maintained more tokens are rewarded to LPs.

>>24748512

as i type this, the mcap of this project is $900k... compare that with other rebase projects and you can see the potential here. in addition, VLO is the *first* project that is coming from this team.

>>24748522
I understand and did read the wp. You are not addressing my point, which is there must be a mechanism for determining unique transactions so bots flipping between the same 2 accounts cannot control price and supply. But either ways, that is super bullish.

>>24748767

velocity is velocity... but keep in mind that as the supply shrinks it'll be harder and harder to trade a large % of the supply... so even if bots kept on wash trading, by the time supply gets down to 10M, it'll be very expensive to try to game velocity.

Velo is going to make it. Its new fair-launch no premine Defi tinkering with old world economics and the equation of exchange in so far unseen ways; defi loves this clash of new and old - and it doesnt get more novel than this. The protocol combines the governance protocol from Compound, the incentive mechanism from Yam and the rebasing functionalities from Ampleforth. With one huge twist; the rebase is based on the velocity of the currency (The velocity of money is a measurement of the rate at which money is exchanged in an economy). Thats right the velocity of the currency is fed back into the pricing of the currency via a rebase mechanism that observes on-chain token velocity. This is big brain and all the implications are hard to digest - but small brain summary is 1) if velocity of the token (as observed on chain) in one epoch (12 hrs) is greater than the velocity in the previous epoch - the protocol responds by making VeloToken scarcer; 2) if velocity within the current epoch is lower thatn the velocity in previous epoch - the protocol responds by expanding the token supply.


Velo tinkers with a primitive in the equation of exchange (https://staffwww.fullcoll.edu/fchan/macro/4equation_of_exchange.htm)) that no-one in Defi has really played with yet - All tokens look at price, Ampl introduced the idea of looking at supply - but velocity is next level and to be honest i dont know how this plays out in the battleground of real-world markets..but i'll be damned if im not intrigued.
The velocity of money is one of the primitives in the value of exchange equivalency - and has been notoriously hard/imposssible to calculate accurately in real time - an open-trustless ledger like blockchain... fixes that. The velo protocol leverages this so far unused advantage of blockchain by observing the velocity of VeloToken on chain and feeds that back into the rebasing mechanics of the protocol.