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Secure, interoperable and extremely scalable

Velas blockchain uses AI-enhanced DPOS (AIDPOS) consensus for high volume transactions processing without sacrificing decentralization and security.

Technical Paper Blue Paper

AI-Operated Delegated
Proof-of-Stake Blockchain

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Algoritm of network training

Each node forms its own dataset (training sample) from the blockchain data.
On this data, a layered training of the genetic algorithm occurs. Every next layer is learning the previous one: training on the principle of an autoencoder.
After the pre-training, the backpropagation method is applied to tighten the weights to a minimum. The network must be trained before the next block cycle.

Choosing the best  network

The nodes form a test dataset prior to the formation of a new block cycle.
After the formation of the test sample, the matrices are checked.
The matrix with the smallest error wins and gets loaded into the next era.
The node of the winning matrix receives Velas (VLX) from the network
By solving blockchain network maintenance tasks, each AIDPOS node makes an intellectual contribution by further developing a neural network. This all happens without requiring any understanding programming languages by operators of selected nodes.

Network Versions  RollOut Schedule

Token Swap: CoinpaymentsCoin to VELAS will be done via Coinpayments platform on 4th of July 2019 and will mark the day of VELAS independence from original token. This will also launch first Stage described in Technical Paper:
Stage 1 (Pre-Alpha):
Creation of the blockchain system structure, coins, transactions on 4 nodes. Nodes will be run by network organizers during pre-alpha stage. Smart contract in wallet will allow all CPS coin (CoinpaymentsCoin) users to swap 1:1 to VLX (Velas). Creation of tokens or custom digital assets.
Each Stage is estimated to take 3-6months to roll out.



Velas logo

Web-based, universal blockchain explorer, featuring a REST API for devs.

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Stage 1 Pre Alpha Token Swap

July 4th 2019

Private Sale

July 2019

Largest Multisig Wallet for the Crypto Community

August 2019

Exchange Listings

August 2019

Desktop and Mobile Wallets

August 2019

Stage 2 Alpha AI Deployment

2019 Q4

Hardware Wallet

2020 Q1

Stage 3 Beta Decentralized AI & Full Open Source

2020 Q1

Launch of Mainnet on Velas

2020 Q2

Stage 4 Production

2020 Q3


Coming soon ...

Alex Alexandrov

Founder & CEO

CEO of the first and largest altcoin payment processor and wallet solution in the world, CoinPayments. Board member of Blockchain Society Canada. Cryptocurrency educator and a public speaker for the last 5 years.

Sina Mirzaie

Business Development Manager

Bitcoin early adopter investor and crypto miner. 10 years of experience in sales and development. A crypto-currency enthusiast and public speaker. Board member of Blockchain Innovation Society.

Albert Meyburgh

Senior Software Engineer

Albert studied network security at BCIT and has 15 years experience in various innovative technical and leadership role capacities.

Shirly Valge

Velas AG Project Lead

Shirly is the Project Lead at Velas AG. She has international experience in marketing, sales and investor relations. Shirly has been closely studying the developments of the crypto space within Switzerland and Europe since 2016 and has been actively involved as private investor, Chief Sales Officer being responsible for conducting and raising funds for a Swiss Crypto Mining STO, advisor as blockchain and fintech expert in Kickstart accelerator program and panelist and member of a jury in several fintech conferences and competitions.

 Alexander von Kaldenberg

Director of Asia Marketing

Alexander has joined the Velas AG team as Director of Asia Marketing. He is also a Founding Executive of the Canadian Chamber of Commerce in Southern China (CanCham PRD). In this role he works closely with the Canadian government to connect Canadian businesses, Provincial delegations and entrepreneurs with opportunities in Mainland China. Since arriving in China almost a decade ago, Alexander has held positions as Founder of a consulting company, VP of the UBC Alumni Association, interim CEO of a blockchain startup and Director of Asia Marketing for Coinpayments. He holds a Bachelors Degree from the University of British Columbia with a specialization in International Relations.

Farkhad Shagulyamov

Director of Business Development

Farkhad is the Director at Velas AG and is responsible for business development of the company. He is the founding partner at Alpina Capita AG and Blockchain Suisse. He has been successfully running multiple corporations within the Information & Technology sector and consumer discretionary sectors in China and Switzerland. Farhad was born in Tashkent Uzbekistan. He graduated the Webster University and holds a Bachelor Administration at International University in Geneva, Switzerland.

Marshall Long

Managing Partner of Mockit Esports

Marshall is a serial entrepreneur with a background in engineering. He quickly moved into bitcoin space early on with a claim to fame as being one of the first bitcoin miners. Marshall has expertise in P2P economies as well as breaking into new markets - Asia especially.

Moe Levin

CEO of Keynote

Dr. Moe Levin is the CEO of Keynote, a global technology conference company which has been responsible for over $250MM of investments into blockchain related startups. He is advisor to multiple blockchain companies like T0, Polymath, Jibrel Network, FuzeX and many more. He also sits on multiple government councils in the UAE, Japan, Netherlands, and Korea.

Ashton Addison


Ashton has been a leader, entrepreneur, and enthusiast in blockchain technology since 2013. His involvement with ICOs date back to the initial Ethereum ICO and he is one of the top YouTube influencers broadcasting through the Crypto Coin Show. Ashton also founded, a Smart Ticketing platform designed to be the next evolution of event ticketing.

Paul Lee, M.D.

Founder & CEO at MIND AI

Paul is a clinician, scientist, and an entrepreneur. As a graduate of St Paul's School and University of Oxford with a degree in Molecular and Cellular Biochemistry, he received an M.D. from The School of Medicine at Catholic University of Korea. Paul is also a graduate of Futuremed at Singularity University 2013 and Exponential Medicine 2014. As CEO & Cofounder of Curely and Kuddly, he grew the platform into one of the largest media channels in the US for the health and pet health industries with a viewership of over 6B. He served in the Republic of Korea Army as a lieutenant doctor and a director of Pogok public health center in Yongin. Paul also cofounded JNP LAB in Seoul that acts as a development hub for global exponential technologies.

Alex Lightman

Writer, Entrepreneur, Educator, Policy advisor

Alex Lightman is the first columnist for ICO Crowd magazine, with 35 articles, an best-selling author in seven categories, and keynote speaker at 25+ Blockchain conferences in 2018. He has authored 14 crypto white papers. He has served as an advisor to 20+ Blockchain companies and speaks around the world on “solving big problems with Blockchain, AI and IoT”, “CryptoHistory 2009-2050”, and “Visionary Blockchain Projects”. Lightman was the founder and CEO of Token Communities, and became CTO after the acquisition and name change to Sakthi Global. He leads Kingsland’s Executive Education program and the 16 hour two day Blockchain program he authored and teaches has received 100% 5 out of 5 star ratings from participants. His goal is to take the body of knowledge around the Blockchain and make the complex comprehensible, the intangible graspable and the future urgent. His awards include the first Economist magazine Readers’ Award in behalf of 4G Wireless, vs. Elon Musk and five other innovators in a global vote, after 4,000 innovations were submitted. The only other recipient was Steve Jobs. He has also won SGI’s Internet VR competition out of over 800 entries, a global Avatar competition and the Johnson Foundation’s recognition as one of America’s ten most innovative educators. He is a co-founder and one of the seven steering committee members of the Digital Asset Trade Association (DATA). Lightman is the author of Brave New Unwired World (the first book on 4G) and Reconciliation: 78 Reasons to End The US Embargo of Cuba, and the coauthor of Augmented: Life In The Smart Lane.

Joshua Hong

Cofounder at MIND AI

Josh is a serial, internet-media entrepreneur and a venture capitalist. He worked at Accenture as technology and corporate strategy consultant and Deutsche Bank in its global investment banking and M&A group prior to starting North America's first free-to-play MMORPG (massively multiplayer online role playing game) publisher, GamersFirst, which became one of the largest free-to-play MMORPG publishers in the Western Hemisphere with offices in U.S, India, Brazil and Turkey. He also started a virtual game asset trading platform in Asia and one of the largest virtual currency payment platform for gamers in North America, Playspan, as its early backer, shareholder and a board member, and it was acquired by Visa International. He won the local Business Journal's Excellence in Entrepreneurship Award in 2010 and was chosen as one of 40 under 40 in 2011. He is also Founder and General Partner of a $150M early-stage venture fund. He also founded and chaired YPO Singularity University Seminar, which was awarded one of the highest rated educational programs in YPO, Young President's Organization. He has a B.S. in Industrial Engineering from Purdue University and an MBA from University of Chicago Booth School of Business.

Joby Weeks

Public Speaker

A pioneer in the bitcoin space operating one of the largest crypto mining operations in the world. Over 20 years of being in the Affiliate, Network Marketing industry, recruiting and building affiliate marketing networks. Public Speaker and Bitcoin Evangelist.

Ants Luts

Senior Software Engineer

Ants has been in the software architect role for over 5 years and brings over 15 years of software development experience ranging from low level driver development to image compression, mobile and high traffic cloud based ecommerce sites for some of the largest retailers in the world. Always with a special focus on the overall stability, security and performance of the system.

Jason Butcher

Strategic Advisor, AI / Fintech

Jason is an Advisory Board Member of Blockchain Association of Canada and is actively involved in a number of global FINTECH, Crowdfunding and Blockchain technology projects such as CoinPayments, Digisure, LODE, ParallelPayments, and is an advisor and mentor to several entrepreneurial projects around the world such as Pendulm, RightMesh, PlasticBank, LoveNet, Infinity, fairticketsolutions, and many others.

Jay Joonhyung Kim

Director of Marketing

Started out at Samsung Electronics under Global Marketing Department, Jay served as a managing partner of a boutique agency Seoulcialite Group, where he managed 20+ clients and scaled the revenue to $10M USD on the first year. He was most recently CMO of the blockchain project AdOS, a decentralized advertisement operating system. Jay holds a BS from the University of Massachusetts Amherst.