Veloce to Launch Governance and Utility Token VEXT Exclusively on ByBit
Veloce, the world’s largest digital racing media network, is set to launch its governance and utility token, VEXT, exclusively on ByBit. With over 35 million subscribers and nearly one billion monthly views, Veloce has positioned itself as a leader in gaming, purpose-driven motorsport, and Web3 adoption. The VEXT token will empower holders to become part of the Veloce ecosystem, granting them influence, integration, and rewards over decentralized assets within the Veloce Media Group.
Key Points:
- VEXT’s utility can be categorized into five main pillars: governance, play, redeem, access, and integrate.
- VEXT holders will have voting and governance rights within the Veloce Group ecosystem.
- Members can transact across VEXT integrated mobile and web games, as well as live interactive sports features.
- VEXT holders will receive exclusive perks and unlock content within the Veloce Group.
- VEXT offers members the chance to attend private events, sporting events, and personal experiences.
- VEXT will serve as an open-source tool for third-party developers to incorporate into their projects.
The token will initially be available exclusively on ByBit, one of the leading global exchanges, and will also be introduced at Korea Blockchain Week by Veloce Media Group CEO, Rupert Svendsen-Cook. The launch of VEXT is scheduled for September 4th, 2023. To participate, crypto readers are encouraged to sign up and verify their accounts on ByBit.
Hot Take:
Veloce’s launch of the VEXT token on ByBit demonstrates their commitment to integrating Web3 technology and providing their community with enhanced utility and governance. By offering perks, exclusive content, and the chance to attend events, Veloce is creating a vibrant ecosystem for its members. The partnership with ByBit and the participation in Korea Blockchain Week further solidify Veloce’s position as a leader in the digital racing media space.
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