Our philosophy is to unite and reward the Cycle Touring Community using the power of blockchain & cryptocurrency powered by our Velobit Portal. Our goal is to make Velobit the "reward" currency for touring cyclists and all those who support.
Our users will earn Velobit by simply posting about their touring experiences or even by offering advice to others. Those who support touring cyclists, such as hosts, bicycle repair shops and even hotels and campsites plus many others will also earn Velobit too!
Discover MoreOur users will earn Velobit simply by posting about their cycling touring experiences on the Velobit forum or even by answering posts from others. Basically we will reward all users that post content that helps and inspires others.
Those that support the cycling touring community such as hosts, will also receive Velobit tokens.
There is no charge for joining the Velobit Portal nor is there any charge for receiving the Velobit currency.
Our users will be able to download a free online wallet and create an account even without the need to disclose their personal information. Any currency earned by our users will be sent to their wallets also complete free!
Discover More
Most people struggle a little in regards to the concept of Velobit when they first become aware of it.
People simple do not understand how we can in effect give away crypto currency plus don�t understand how we the team behind Velobit make money.
It�s very important to us that we are transparent with our users so let us explain in much more detail.
To understand the Velobit concept and how it will disrupt existing portals then firstly you need to comprehend how existing portals function and generate income. Many online communities are very profitable. At the very top of the tree the likes of Facebook has a market capital of 500 billion dollars (Oct 2017) and is projected to increase further. Facebook�s revenue comes from advertisements which you can�t fail to notice appear all over Facebook.
In simple terms companies pay for their adverts to appear on Facebook. Now if you take the time to think about the pages of Facebook, every page is created by its users. Facebook don�t have to create any content because its billions of users do that for free every day. The more pages on Facebook, the more space for advertisements which equates to more earnings for Facebook. So in reality it is the users of Facebook who create the content which hosts Facebook advertisements which generate income.
The users though, no matter how good their content actually is, or no matter how attractive it is to potential advertisers, get no part of the revenue.
On a smaller scale, of which there must be millions online, other online communities are found hosted on forums and blogs. Owners of such communities again sell advertisements on pages that their users create but their users get nothing. Understand now why content is king online and why free quality content from users can be worth its weight in gold?
So now you understand how revenue is generated from online communities, but how does that relate to Velobit? Well we intend to work in a different manner which is much fairer to our users and indeed actually profitable to our users.
We will generate our currency using the Waves Platform Blockchain. Let�s say for example that we generate 50 million Velobit tokens of which the Velobit team retain 10 million. The remainder we put aside to distribute to our user base who earn them by submitting a run, ride, walk or row or even by submitting content to us which appears on the Velobit portal.
All our active users will have to visit the Velobit portal each week to submit their training URLS which will generate quality traffic to the Velobit portal. Also in time with quality content from Velobit users we hope to have thousands of quality pages which will be very attractive to online sporting companies. Once of course we have built a quality online community with thousands of quality pages then our portal will become very attractive to potential advertisers.
Now instead of the companies paying the Velobit team direct to place their advertisements, we will strike deals for either discounts or free goods which can be purchased by Velobit token holders. As soon as we get to the stage where Velobit tokens can be exchanged for discounts and goods, each Velobit then has a value.
Also of great importance, as we the team will NOT generate any income by affiliate deals or advertisements, we can only earn from running the Velobit Portal by generating value for the Velobit token, which in turn creates value for all our users who are earning our tokens each week.
How Much Does It Cost To Join?
There is no membership or sign-up fee! Velobit is 100% Free
What is the current value of the currency?
Current value of the Velobit currency at the moment is of course zero.
How Long Before The Currency Has Value?
At the moment we are just preparing to run a beta test which will run into the early part of 2022. This will help us fine tune and automate our payment system. Our actual launch date is not until Q3 2022. We don't expect the Velobit currency to gain value until the later part of 2022.
Do Users Keep Velobit Currency Earned During Beta Tests?
Yes! All currency earned during the Beta Tests will be kept by those who earn it.
What's the purpose of the beta tests?
The main function of the initial Beta Test is to test the payment scripts, wallets and registration process.
How Will The Velobit Currency Gain Value?
Velobit will gain value because as the Velobit Portal gains visitors and page views it will attract advertisers and potential sponsors. Instead of taking payments for advertisements, affiliate deals and sponsorship agreements, we will strike deals to trade our payments for discounts and vouchers which our members can purchase with Velobit.
How Do The Velobit Team Make Money?
The Velobit team will hold a percentage of the Velobit currency. If the currency does not gain value, then the team loses its investment. The team can only recover its start-up costs, running cost and make a profit, if indeed the Velobit currency gains value.
Why Use The Waves Platform?
We have of course looked at all the major crypto currencies in regards to hosting Velobit. We believe though that Waves will offer a complete solution for the Velobit currency. With Waves it's relatively easy to create an account. Waves will have a cutting edge crypto exchange later this year plus with Waves NG, which enables the Waves Platform to process 1000's of transactions a second, Smart Contracts which we will utilise to automate payments and data reading, plus a messenger which we hope to use to replace emails, the Waves Platform will give us a complete solution.
Creating a Waves Account?
To take part in the Beta Test you need to create a Waves account. You need this so we can send you Velobit. There is no charge to create a Waves account nor do you have to enter either personal details or card details. Please though ensure you use a secure password and keep a printed copy of your account in a secure place.
Velobit will utilise new technologies including blockchain, cryptocurrencies and possible a future home on the Metaverse. As blockchain technology is evolving at an amazing speed, we'll keep our options open in regards to the platforms and technologies we utilise.
Velobit will be extremely easy to use with data from your runs, rides, walks and rows being able to input into the Velobit system within minutes. Velobit will action a payment run each week with your earnings sent direct to your wallet. As easy as 123!
Velobit will run on the renowned Waves Platform Blockchain. This offers our members a secure host for their online wallets plus a range of other services including buying and selling crypto currencies, trading, messaging plus much more.
Once you've earned Velobit you will have the option to reward others who perhaps have helped you. Maybe you want to reward a host, a campsite or simply someone who posted great advice on the Velobit Portal. You'll have the option to send Velobit to others completely free!
We understand that blockchain technology is in its infancy and is bound to quickly evolve during the next few years. We intend to grow and evolve with the technology to ensure Velobit always remain at the cutting edge of innovation.
Need more info or perhaps you want us to add your favourite sports tracking portal to Velobit? No problem! Simply contact us and we will do our very best to help you.
The creation and launch of the Velobit Token on the Waves Platform. Initial development of the Velobit Community Forum. Initial Velobit Token Testing.
During the latter part of the first quarter of 2022, leading into the 2nd quarter of 2022, the Beta Test group will be vastly expanded so we can fine tune both our payment scripts and launch the Velobit Communnity Forum. We will also be developing a custom Velobit Wallet.
Release of the Velobit custom online wallet plus soft launch of the Velobit Community Portal. Fine tuning of all Velobit scripts inclusing Velobit payments, Velobit Trading & registration processes.
The official launch of the Velobit portal plus news in regards to other ways our members can earn even more Velobit. Reveal of our first sponsors.
Many new crypto start-ups fund their projects by selling off a large percentage of their currency even before they have developed their project. Rightly so, many feel that some ICOs are scams or Ponzi schemes which is definitely not the case with Velobit.
Transparency with our member is very important to us and indeed for the long term future of Velobit, so we have decided against running an ICO. We do though realise that we do need liquidity plus that some would like to take a share in Velobit, especially those who will be our loyal members during the coming years. We have decided that we will offer up for sale up to 1% of Velobit, on the Waves Exchange at a discounted rate of no more than 0.0025 Waves per Velobit. To make the 1% available to all rather than 1 potential investor with deep pockets, we will add a small quantity of Velobit to the Dex exchange over the coming weeks, looking to fill orders set by small investors, rather than adding them all in one go. For those who are interested simply load the Waves Exchange and search for the Velobit Token which has an asset id of:
If the asset id does not match the id above then it is NOT the official Velobit Token!
Velobit Token Details
The total number of Velobit Tokens is 50,000,000 of which just 500,000 (1%) will be made available on the Waves Exchange. These will be added to the Waves DEX in small batches over the coming weeks with a fixed price of 0.0025 WAVES per Velobit. Please do not contact us in regards to purchasing large amounts or for bulk deals because we will not offer such deals.
Potential Velobit Token Price
If you take a look at our roadmap (http://Velobit.io/#roadmap) you will see that we are at the start of a long journey to make Velobit a credible and indeed a valuable asset. Please don't buy Velobit tokens from the Waves Dex if you are looking for a quick profit as you are most likely to be very disappointed. We have no plans to add Velobit to other exchanges until late 2022 or even 2019. We don't envisage Velobit gaining traction or indeed increased value until late 2022 or even later. Also remember that you can take part in our Open Beta Test, which will run from early 2022 and earn Velobit completely free!
Airdrop to Waves WCT Holders
To further increase liquidity of the Velobit token, we plan to airdrop 2 Velobit tokens to WAVES account holders who hold Waves Community Tokens (WCT) in their WAVES wallet. With around 25,000 WCT holders that's around 50,000 Velobit. We are planning another Airdrop just before our launch in Q3 2022.
Beta Testers Double Earnings
During our Beta Tests we will rewarding those who take part with double rewards. So for every Velobit they earn they will get another completely free!
Ciudad Quesada, Alicante, 03170 Spain
Monday - Friday 9:00 - 21:00