What is the Veloce IEO?

The October 5-6, 2023 public sale of VEXT on Gate.io's Startup launchpad at $0.53 per unit, toward a $2,870,298.877 goal.

The world's leading digital racing media network, bringing its established Esports and Extreme E racing team businesses into Web3 through the VEXT token and VEXTVERSE dApp.

How did VEXT perform after the IEO?

It has declined roughly 100% from its all-time high of $0.7067, currently trading around $0.00005-$0.00006 with a market cap near $12,000.

Where does VEXT trade?

Mainly on Quickswap (v3), with additional coverage on Coinbase and CoinGecko-tracked exchanges.

What are the main risks of VEXT?

A severe decline from its all-time high, thin trading volume on most pairs, and the broader GameFi sector's multi-year underperformance.

Which launchpad hosted Veloce's IEO?

Gate.io's Startup launchpad, an established centralized-exchange IEO platform.

How long has Veloce operated as a business?

6+ years as a digital racing media company before entering Web3 with the VEXT token.

What blockchain does VEXT use?

It's issued as an ERC-20 token on both Ethereum and Polygon networks.

Veloce's dApp integrating GameFi products, letting VEXT holders interact with games and live sports features.

How large is Veloce's media audience?

Over 37 million subscribers and 650 million+ monthly views across its digital racing media network.

When did VEXT reach its all-time high?

At $0.7067, since declined by approximately 100% to current levels.

Where can I verify Veloce data?

Use velocemediagroup.com for official information and CoinGecko for live market figures.

Veloce (VEXT) IEO

Q: What real-world assets back Veloce?

Veloce Esports (a gaming and racing platform) and Veloce Racing (the brand's Extreme E championship team), plus a media audience of 37+ million subscribers.

Q: What can VEXT holders do?

Interact with GameFi products in VEXTVERSE, transact across games and live sports features, and earn rewards like tokens, merchandise, and event tickets.

05-10-2023 - 06-10-2023 Ended

Add/Edit IEO Advertise IEO

Launchpad

Gate.io

Stage

IEO

Total Supply

29,642,355.00

Tokens for Sale

5,415,658.26

% of Supply

18.27%

VEXT IEO Price

0.53 USDT

1 USDT

TBA

Fundraising Goal

2,870,299

VEXT Project Category

DeFi

VEXT Contract Address

Binance-Smart-Chain

Buy VEXT Now

Buy Here

Soft Cap

TBA

Hard Cap

TBA

Personal Cap

TBA

Veloce (VEXT) IEO Crypto

About Veloce | Digital Racing Media Meets GameFi

The company is the world's leading digital racing media network, entering Web3 with its VEXTVERSE dApp and a governance-utility token. Built on top of an existing gaming and sports media company operating for 6+ years, with a real digital racing audience reaching 37+ million subscribers and 650 million+ monthly views, this brand brings genuine established IP into the token economy — including Veloce Esports and Veloce Racing, the brand's Extreme E championship team.

Veloce IEO on Gate.io: Sale Price and Real Sporting Assets

The public sale ran October 5–6, 2023 on Gate.io's Startup launchpad at $0.53 per unit toward a $2,870,298.877 goal. Unlike purely latest crypto IEO projects conceptual GameFi assets, VEXT is built atop genuine real-world sporting IP and IP, letting holders influence decentralized governance of Veloce Esports and Veloce Racing rather than a purely speculative game layer.

VEXT Tokenomics and GameFi Utility

Max supply is 300 million tokens, issued as an ERC-20 asset on both Ethereum and Polygon. Holders can interact with GameFi products inside the VEXTVERSE dApp, transact across games and live sports features, and earn rewards including merchandise and tickets to real-world racing events — utility tied directly to an established sports media business.

Launchpad Background: Gate.io

Gate.io's Startup launchpad is one of the more established centralized-exchange IEO platforms, having hosted numerous token sales with built-in KYC and listing support, including fellow Gate.io-hosted sales like diversified metaverse platform sale elsewhere in this dataset.

IEO Conclusion: Real Brand, Severe Long-Term Price Decline

This sale demonstrated genuine investor interest in bridging an established sports media brand into Web3, though VEXT has since declined roughly 100% from its all-time high of $0.7067, reflecting the broader GameFi sector's difficult multi-year period following the 2021-2022 boom. The token nonetheless maintains confirmed ongoing trading activity years after its sale, a distinguishing factor from many abandoned IEO-era projects.

Current Listing, Trading Volume and Price

VEXT trades on Quickswap (v3) as its most active venue, with the VEXT/USDT0 pair carrying modest volume, alongside listings on Coinbase and CoinGecko-tracked exchanges. Current pricing sits around $0.00005-$0.00006, with a market capitalization near $12,000 — reflecting a small but persistent trading community years after the original IEO.

Project Progress, VEXTVERSE and Expansion

Its continued operation of the VEXTVERSE dApp alongside its established Esports and Extreme E racing businesses shows the underlying media company remains active, even as the token's speculative value has diminished substantially from its 2023 sale price.

Red Flags and DYOR Checklist Before You Invest

Consider: VEXT has declined roughly 100% from its all-time high, meaning early buyers have experienced substantial losses; trading volume remains thin on most tracked pairs, indicating limited current liquidity; GameFi as a category broadly has underperformed since the 2021-2022 cycle peak; and value ultimately depends on Veloce's ability to drive genuine engagement between its real-world sports assets and Web3 utility. Verify current VEXTVERSE activity and trading depth on the official official website, and cross-check pricing on CoinGecko market data before allocating.

Glossary

GameFi: a category combining gaming mechanics with decentralized finance incentives. VEXTVERSE: the project's dApp integrating GameFi products with the VEXT token. Extreme E: an off-road electric racing championship in which Veloce fields a team. ERC-20: the standard token format used on the Ethereum blockchain. IEO: Initial Exchange Offering, a token sale conducted directly through a centralized exchange.

Disclaimer

This page is for information and education only and is not investment, legal, or tax advice. GameFi tokens with severe price declines from all-time highs carry substantial risk despite real underlying businesses. Figures reflect public sources at the time of writing. Do your own research and consult a registered financial advisor before participating.

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About the Author Anisha Dawar

Research Analyst at coingabbar.com

Published By: Anisha Dawar Published at: 2023-09-29

Anisha Dawar is a dedicated crypto market researcher and listing specialist with strong expertise in tracking and analyzing Presale, ICO, IDO, and IEO projects across the blockchain ecosystem. She focuses on identifying promising early-stage crypto opportunities, reviewing token utility, fundraising models, roadmap progress, and community engagement to provide structured and reliable project insights.

Her work involves maintaining accurate and updated information on upcoming token launches, platform listings, fundraising stages, and participation details. With a research-driven and user-focused approach, Anisha ensures that every project listing is presented with clarity, transparency, and factual accuracy, helping readers explore genuine opportunities in the rapidly growing Web3 space while staying aware of potential market risks.