VelasPad, the first officially approved launch pad for the Velas ecosystem, launches to accelerate the expansion of the crypto and blockchain industry. 

VelasPad will help to secure funds and distribute tokens transparently. The platform is backed by the Bluezilla Group, popularly known for ETHPad, TRONPad, and BSCPad. The VelasPad team claims that “We help fuel the future of mass-market blockchain applications building in the Velas ecosystem.”

The market has become more competitive as the blockchain industry continues to grow. As users want to avoid the volatile and high fees of the Ethereum network, they choose to opt for faster, more affordable, and more efficient service. One such service is VelasPad. The launchpad aims to empower projects to build on the Velas blockchain, which is a leading blockchain with high transactions-per-second (TPS) and rock-bottom costs.

A native launchpad helps projects gather funds and also provides a platform to issue tokens transparently and fairly. Within the Velas ecosystem, the launchpad is known as VelasPad. It’s not just officially partnered with Velas but is also a separate entity in itself. This means that as Velaspad is an independent platform, it is only connected to Velas but is not owned by Velas.

The strong ties between VelasPad and Velas team spark a significant expansion for the ecosystem. It is also an essential bridge that connects blockchain with real-world industries. It’s necessary to have a platform that decentralizes funding of upcoming projects To unite traditional industries with blockchain.

VelasPad provides several technical solutions for developers to help them while exploring one of the world’s highest-performing blockchains. The VelasPad team claims that this launch is not just for the Velas community. They firmly believe that it’s a catalyst for the entire crypto and blockchain community for further growth.

Rushali Das

CBW - External Analyst

INDIA