Zug, Switzerland–(Vehement Media. – December 24, 2021) – The Velas team is constantly working to add more features to the blockchain itself. However, this is not the only way to make the perfect project shine brighter. Team optimization processes play a very important role in each organization. Long and fruitful debates led to the appointment of Farhad Shagulyamov, the co-founder of the company, as the new CEO.

                 Farhad Shagulyamov

“I really appreciate the trust of the Velas team and our community. For me, this is an opportunity to contribute to the development of the Velas blockchain itself and the expansion of the Velas ecosystem globally. We have ambitious plans to increase our presence and lead the way in various different areas, including NFTs, DeFi, Metaverse, and more,” said Farhad Shagulyamov, newly appointed CEO of Velas.

This repositioning is the next step in the company’s development, as Alex Alexandrov becomes Velas CIO (Chief Innovations Officer). Both the CEO and the CIO will continue to work together for the prosperity of Velas and its ecosystem.

About Farhad Shagulyamov

Shagulyamov has the same vision of decentralization as Alex Alexandrov. He was at the heart of Velas when the project was launched and continued to make significant contributions to Velas’ development through his activities in his previous position. Together with Alexandrov and the rest of the Velas team, they have managed to create a decentralized distributed ledger with the highest speed and the lowest fees.

Shagulyamov’s path to the blockchain niche started in 2016 when he became a cryptocurrency investor and started a technology company in China. This invaluable experience allowed him to make a huge contribution to developing the idea of Velas and establishing the project. The partnership with a wealth management company in Switzerland led to the creation of the first ISIN, the first cryptocurrency international security identification number.

About Alex Alexandrov

The founder of Velas, Alexandrov, is well-known for founding the Coinpayments service. However, his expertise in the financial sector is not limited to this payment gateway. Even before he started his blockchain career, Alexandrov was a trader with a background in investing in various assets, including derivatives.

His 15+ years of experience in IT allowed him to build Coinpayments (a cryptocurrency payment processor accepting Bitcoin, Litecoin, Ethereum and many other altcoins) and lead a team of top engineers, entrepreneurs and marketers to create the fastest blockchain network.

About Velas

Velas is a developer-friendly blockchain ecosystem with smart contract functionality, designed as the infrastructure for a new generation of services, platforms, applications and games. While there are plenty of other blockchains with the same purpose, Velas outdoes most of them in speed and transaction price.

Velas is based on improved parts of the Solana code. Additionally, Velas engineers have decided to add the Ethereum Virtual Machine feature to allow developers to quickly deploy any Ethereum decentralized application on the Velas platform.

High speed (75,000+ TPS), cost-effective transactions and scalability are not the only positive factors that attract both developers and end-users. Velas has launched a grant program to stimulate teams to contribute to the further expansion of the Velas ecosystem.

The Velas team plans to make 2022 even brighter for its users. Please visit the media links below to get the latest news.

Media Contact

Company Name: Velas
Contact Person: Press Office
Website: https://velas.com/
Email: press@velas.com
Telegram: https://t.me/velascommunity
Twitter: https://twitter.com/VelasBlockchain
LinkedIn: https://www.linkedin.com/company/velas-ag/
Dammstrasse 16, 6300 Zug, Switzerland

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