Velvet
velvetWhat is Velvet?
VELVET is the main ecosystem token described by Velvet Capital, whose self-custodial software supports onchain market discovery, analysis, trade execution, portfolio vaults, and third-party branded applications. VelvetX is in invite-only early access, while the earlier Trading Terminal remains live and supported for existing users. Users may lock VELVET for between one week and 200 weeks to receive time-decaying veVELVET; the documented maximum for a 200-week lock is a 1:1 ratio. Binance’s BNB Chain token page identifies the contract as 0x8b194370825E37b33373e74A41009161808C1488, and Binance Academy reports a fixed total supply of 1 billion tokens and a Binance Wallet IDO on July 10, 2025.
What problem does Velvet solve?
Velvet is intended to reduce the fragmentation of onchain trading by connecting token discovery, market analysis, spot or perpetual execution, portfolio tracking, and shared vault strategies through related interfaces and infrastructure. This is a project objective, not proof that the software eliminates blockchain, smart-contract, routing, leverage, or third-party protocol risk. The terms identify Stronghold Fund One Inc., a Panama corporation, as the service provider and restrict access in several jurisdictions, including for U.S. and EU/UK residents.
How does Velvet work?
Users connect or create a self-custodial wallet and authorize and sign each onchain transaction themselves. Velvet’s interfaces aggregate market information and route trades through external blockchain protocols; its AI tools may analyze information and prepare proposed actions but, under the current terms, do not autonomously execute transactions. Locking VELVET creates veVELVET whose balance decays linearly toward expiry. Currently documented benefits are VELVET rewards funded by an allocation fixed at token generation, trading-fee cashback tiers, and higher Gems reward rates. Onchain voting is not live, and governance authority is only intended to move progressively to veVELVET holders subject to technical readiness, participation, and legal review. Protocol fees currently accrue to the project treasury; no change allocating them to staking rewards or holders has been finalized, scheduled, or committed.
Key facts
- The current official documentation divides the ecosystem into five parts: VelvetX, the earlier Trading Terminal, an AI framework, onchain vaults, and white-label custom-application infrastructure.
- VelvetX is in invite-only early access; the previous-generation Trading Terminal remains live and supported for existing users. Product and network availability can change, so individual integrations should be checked in the live app.
- Velvet is self-custodial. Its terms say the project does not hold users’ private keys or assets, and every onchain action requires the user’s authorization and signature.
- VELVET may be locked for one week to 200 weeks. A 200-week lock is documented as producing the maximum 1:1 veVELVET ratio, and the veVELVET balance declines over time until expiry.
- Live veVELVET benefits are described as allocation-funded VELVET rewards, trading-fee cashback tiers, and increased Gems reward rates. Onchain governance voting is not yet live.
- Protocol fees currently accrue to the project treasury. The latest official tokenomics page says no allocation of those fees to staking rewards or holders has been finalized, scheduled, or committed.
- Binance Academy reports a fixed total supply of 1 billion VELVET and a Binance Wallet IDO on July 10, 2025; accessible official text did not establish a complete vesting schedule, current circulating supply, or unlock status.
- Binance’s BNB Chain token page identifies the VELVET contract as 0x8b194370825E37b33373e74A41009161808C1488. The current owner and any upgrade, mint, blacklist, pause, or other administrator powers were not established and require direct code and onchain-state review.
- The terms identify Stronghold Fund One Inc., a Panama corporation, as the Velvet service provider and describe jurisdiction restrictions that include U.S. and EU/UK residents.
- No located source establishes that VELVET holders own Velvet Capital, may redeem tokens for assets, have a claim on treasury assets, receive a guaranteed return, or currently possess a protocol-revenue-sharing right. Where Binance Academy’s older account differs, this package follows Velvet’s newer official documentation.
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Frequently asked questions
What is Velvet?
Velvet is a self-custodial onchain trading ecosystem. Its official documentation covers the invite-only VelvetX social and AI-assisted app, an earlier trading terminal that remains supported, AI tooling, portfolio vault infrastructure, and white-label infrastructure for other teams.
What is VELVET used for?
VELVET can be locked for between one week and 200 weeks to obtain time-decaying veVELVET; a 200-week lock is documented as giving the maximum 1:1 ratio. Live benefits are allocation-funded VELVET rewards, trading-fee cashback tiers, and boosted Gems reward rates. Proposed governance or fee-allocation functions are not currently active commitments.
Does VELVET currently provide protocol revenue sharing or onchain voting?
No current right to either is established. Protocol fees presently accrue to the treasury, and no allocation to staking rewards or holders has been finalized, scheduled, or committed. Onchain voting is not live; progressive transfer of authority to veVELVET holders remains a plan subject to technical readiness, participation, and legal review.
Does Velvet control users’ funds or let its AI trade autonomously?
According to the current terms, Velvet is self-custodial, does not hold users’ private keys or assets, and does not autonomously execute onchain transactions. AI features may prepare proposed actions, but the user must review, authorize, and sign every transaction. External protocols and smart contracts still introduce risk.
What is the VELVET contract and what remains unverified?
Binance’s BNB Chain token page identifies 0x8b194370825E37b33373e74A41009161808C1488. Binance Academy reports a fixed supply of 1 billion tokens and a Binance Wallet IDO on July 10, 2025. The complete vesting schedule, current circulation and unlock status, contract owner, and any upgrade, mint, blacklist, pause, or other administrator powers were not established from the reviewed sources; verify the network, code, and current onchain state before interacting.
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