Veloce to Launch Utility and Governance Token, VEXT, on September 4, 2023
Veloce, the world’s leading digital racing media network, is set to launch its Utility and Governance token, VEXT, exclusively on ByBit, a top global crypto exchange. The token launch comes as a result of Veloce’s collaboration with Polygon Labs, an international software development company specializing in Ethereum scaling architecture. The integration with Polygon aims to facilitate fast, cost-effective, and secure transactions across the Polygon protocols.
Key Points:
– Veloce will launch its Utility and Governance token, VEXT, on September 4, 2023.
– The token will be available exclusively on ByBit, a top global crypto exchange.
– Veloce has partnered with Polygon Labs to enable efficient transactions on the Polygon blockchain.
– Veloce Media Group CEO, Rupert Svendsen-Cook, will discuss the VEXT integration with Polygon at Korea Blockchain Week.
– VEXT empowers holders to be part of the Veloce ecosystem, influencing decentralized assets within the Veloce Media Group.
The launch of VEXT brings an enhanced user experience with voting and proposal features, gamified staking pools, integrated games, and privileges such as product and merchandise access and token holder event participation. Veloce aims to build a future-facing sports and media group on the blockchain by leveraging the Polygon blockchain’s architecture.
In conclusion, Veloce’s collaboration with Polygon Labs and the launch of VEXT token on ByBit demonstrate the company’s commitment to creating a decentralized global sporting group. The integration of Polygon’s protocols with Veloce’s engaged community and utility is expected to be a significant development for the industry.
Hot Take:
Veloce’s launch of the VEXT token and its collaboration with Polygon Labs showcase the company’s ambition to revolutionize the sports and gaming industry through blockchain technology. The integration of VEXT with the Polygon blockchain provides a solid foundation for Veloce’s Web3 project and promises a seamless transition for its Web2 community. With its extensive network and partnerships with high-profile teams, Veloce is well-positioned to make a significant impact in the world of esports, gaming, and purpose-driven motorsport.
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