TechFlow News, March 8 — OKEx has officially announced the listing of Velo (VELO). Deposits are now open, and the VELO/USDT market will go live at 17:00 today. Withdrawals for VELO will be enabled at 18:00 on March 9.
Public information shows that Velo Labs aims to build a consortium credit trading network powered by the Velo Protocol. The Velo Protocol can issue digital credits pegged to any fiat currency and ensures these digital credits are always backed by an appropriate amount of VELO tokens, maintaining a 1:1 value ratio between digital credit and fiat currency.
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