Vela Exchange Monthly Update — May 2023

Vela
3 min readJun 2, 2023

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May was an intense month of activity focused on finalizing internal platform development and testing. In addition, we released critical information related to our official launch, including feature sets, trading mechanics, incentive structures, and more. As we prepare for our official launch, we are delighted to share the progress and achievements that have defined our journey through May.

Revealing The Official Launch Starmap

The month began on an exciting note, with the unveiling of our Starmap. This detailed roadmap charts the course toward our official launch and paints a vivid picture of what lies ahead.

The Starmap is brimming with promise, teasing an array of innovative features that we are eagerly developing. Among the highlights are 1-Click Trading for seamless transactions, On-Chart Trading for placing trades directly on the charts, Analysis Saving for saving your TA with ease, Advanced Notifications to keep traders abreast of market dynamics, Upgraded Stats and Analytics for more data at your fingertips, and Social Trading for a collaborative trading experience. And so much more!

Entering A Series of Exciting Partnerships

Throughout May, we have been actively building strategic alliances, creating partnerships that will undoubtedly play a key role in our journey toward the official launch. We announced a string of partnerships with FactorDAO, Ramses, and Bitkeep, each chosen for their unique offerings that align with our vision.

As we stand four weeks away from our official launch, expect to see a surge in new partnership announcements — June promises to be a month filled with exciting collaborations.

Revealing Details About Hyper VLP 2.0

To ensure our community is well-prepared for the upcoming liquidity provision opportunity, we published an exhaustive article detailing everything you need to know about Hyper VLP 2.0.

We wanted our Hyper VLP Beta participants to know the potential to reclaim their top-tier status and rewards and for new participants to understand the lucrative rewards they stand to gain.

Opening the Gates to Early Access

In May, we also flung open the doors to early access for our official launch and Hyper VLP 2.0. We have seen an overwhelming response with over 30,000 individuals signing up for the chance to get early access to our official launch and Hyper VLP 2.0.

Revealing The Trading Mechanics Enhancements

One of our most significant revelations in May was the publishing of the Trading Mechanics Enhancements article. We have meticulously fine-tuned our trading infrastructure, incorporated stellar new features, and expanded our assets to take your trading experience to unprecedented heights.

We are confident these enhancements will make our platform your trading home. But don’t just take our word for it, come and check for yourself on June 26th.

AMAs and Fireside Chats: Fostering a Strong Community

We have always believed in maintaining a close relationship with our community, and we continued to do so throughout May with a series of AMAs and Fireside Chats. Hosting these events with Arbitrum, Camelot, and Factor, among others, allowed us to connect directly with you, answer your burning questions, and share our vision.

We will continue this commitment into June and beyond, as fostering open and continuous dialogue is fundamental to us.

Teasing The Beta Airdrop

Adding a dash of excitement to the mix, we dropped a mysterious airdrop teaser video featuring a blue and red pill. What does it all mean?

While we can’t reveal all just yet, rest assured that the beta airdrop claim experience set to open up with our official launch will be super interactive and well thought out.

Operation626: The Official Launch Is Coming

One of the most momentous announcements in May was undoubtedly the reveal of #Operation626. This cryptic code turned out to be the much-anticipated date of our official launch — June 26th. The countdown has begun, and June will be a pivotal month in the evolution of Vela Exchange. Are you ready?

Summing up

The stage is set for us to regain our market share and conquer new heights. As we look forward to this exciting new chapter, we would like to extend our heartfelt gratitude to our community for your unwavering support. We look forward to navigating the exhilarating journey ahead together.

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