Velocore
Crypto Overview
Purpose and Utility
Velocore is a decentralized exchange (DEX) protocol built on the Base network that aims to provide efficient trading and concentrated liquidity solutions. The VC token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and development.
Business Model
The protocol operates as a DEX with concentrated liquidity pools, similar to Uniswap v3. Velocore implements a unique veVC (vote-escrowed VC) model for governance and incentives distribution. The platform focuses on facilitating legitimate cryptocurrency trades and does not directly involve prohibited activities like interest-bearing loans or gambling.
Real-World Adoption
As a relatively new protocol on Base network, Velocore has attracted significant trading volume and liquidity. The platform has integrated with multiple DeFi protocols and maintains active development and community engagement.
Platform Development
The development team maintains regular updates and improvements to the protocol. The project demonstrates ongoing technical development with frequent GitHub commits and protocol upgrades.
Token Distribution
VC tokens are distributed through trading incentives and liquidity mining programs. While specific founder allocation details are not publicly available, the token distribution mechanism primarily rewards active participants in the ecosystem.
Crypto Impact
To assign a comfort level investing in Velocore from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Velocore.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.