As per the announcement, the VEXT token launch will be exclusively on ByBit, one of the leading global exchanges operating since 2018. The launch date has been scheduled for September 4, 2023. In addition, as part of the collaboration, the launch will offer users special promotion offers to be announced in the coming days.
Notably, Veloce chose ByBit for its fast and secure transactions at a cost-effective fee. Currently, ByBit records over $15B in average daily trading volume with over 35 million subscribers.
Commenting on the launch, Rupert Svendsen-Cook, CEO at Veloce Media Group, explained:
“Our listing partnership with ByBit, rooted in their successful collaborations in Formula 1, perfectly aligns with our vision to integrate and elevate our established community through VEXT. We’re not simply following trends, but instead, authentically breaking new ground to evolve Veloce to connect our passionate and engaged community with a level of utility and governance within our ecosystem that we know will enhance the user experience.”
Following the launch, the Veloce token (VEXT) will serve as an empowerment tool for the Veloce ecosystem. Holders will receive rewards and have influence and integration power power decentralized assets with the Veloce Media Group. Note: The Veloce Media Group is formed by multiple gaming and real-world teams, leagues, creators, stores, content channels, and games.
VEXT is designed to serve 5 main utilities that form the pillars of the Veloce ecosystem. These include governance, access, integrate, redeem, and play. Holders can vote on different decisions within the ecosystem and make transactions on various mobile games, web games, and live interactive sports features.
Holding VEXT will also unlock exclusive reward mechanisms with numerous benefits. In addition, holding the token will grant users access to private events, personal experiences, and sports events. Finally, the VEXT token will serve as an open-source tool for third-party developers, enabling them to incorporate VEXT into their games, projects, and services.
On the launch date, Rupert Svendsen-Cook and Mike Blank, the COO of partner protocol Polygon Labs, will be on stage at Korea Blockchain Week to introduce VEXT to the global leaders.