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faq

This new space certainly can cause some confusion. Luckily you’ve come to the right place. We live at the intersection of sports, gaming and Web 3.0.

general

What is Veloce Media Group (VMG)?

Veloce Media Group is a gaming and sports media company operating at the intersection of gaming, racing and new technology. In order to take the meaning of fandom to the next level, we have created the first fan-integrated sports and gaming ecosystem, which is powered by VEXT.

What are the goals for VMG?

The Veloce Media Group will include a vast range of international series including Extreme E, W-Series, Formula E and eventually Formula 1, placing VMG at the 'pinnacle of motorsport'.
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The group shall include teams, across the most popular esports games, with an elite roster of esports players, participating in the biggest tournaments in the world.
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Within the group, we shall acquire new intellectual property, which can act as a new source of revenue and bring value to the organisation.
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A portion of funds shall be dedicated to supporting existing and emerging talent and content creators within the space that shares our values and ethos.
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A percentage of funds raised will be used to support diversity and inclusion initiatives within motorsport as well as to assist environmental legacy projects.

WHAT IS $VEXT?

$VEXT is the digital currency that fuels VMG, which allows its holders to interact with various games within the Veloce ecosystem. Holders can transact across games and live sports features, receiving rewards like tokens, merchandise, tickets to real-world events and more.

What does this mean for me as a fan?

Think of the Veloce Media Group, powered by VEXT, as an internet community with a shared bank account, where community members can influence how to use the funds.

What is a token?

A token is a form of digital asset. The ownership of a token provides new ways for brands to interact with their community, it allows members the chance to get closer to the brands that they love and want to support the most.

WHY LAUNCH A TOKEN?

VMG believes that the blockchain is the next big technological revolution. Although it's still early days, VMG believes this will be an evolution of the current state of the internet, the same way that social media was back in 2006. VMG prides itself in being pioneers in new industries before mainstream adoption and believes this to be another clear example.

What is a blockchain?

A blockchain is a large digital database. Traditionally data has been stored on a computer in a central location. With a blockchain, the data is instead distributed to all computers within the network. Therefore like the internet, blockchain is not controlled by one authority but instead distributed among its users. All data is stored in chronological order and cannot be removed once it has been added. Data can be viewed by anyone, making it fully transparent. The combination of these factors provides for a secure network.

What makes $VEXT special?

VEXT is one of the first examples of disrupting the ownership model of traditional sporting and entertainment media groups. In today’s world sport plays a pivotal role in society. Sports contains the largest and most passionate fanbase in the world. However, as the industry has evolved, teams have become more centralised, leaving fans left on the side. We want to empower the next generation of fandom amongst gamers and motorsport enthusiasts, and VEXT allows us to do just that!

Are all tokens the same?

Yes, all tokens are the same. However, we have Race Clubs based on the number of tokens that members own, each with additional perks and utility.

What blockchain are the tokens minted on?

All of our tokens are minted onto the Polygon Blockchain, which is the leading scaling solution for Ethereum. Polygon provides fast, low-cost and secure transactions.

What are you doing about the environmental impact surrounding digital assets?

VMG is building on Polygon, which is committed to achieving carbon-negative status, this aligns with VMG’s commitment to leaving a positive legacy. They are dedicated to removing its carbon footprint since its inception and for the chain to have a positive impact on the environment in the future. Additionally, VMG will be supporting and assisting environmental legacy projects.

Where can I hang out with other VEXT holders?

We are always engaging with each other in our VEXT Discord and Telegram servers.

purchasing

What type of digital wallet do I need?

Members will need to have a MetaMask wallet.

How do I create a digital wallet?

There are a variety of digital wallet providers available, however, MetaMask is the most commonly used. We have created a guide on how to create a MetaMask wallet which can be found in the news section.

Where can I buy $VEXT?

From day one, $VEXT is available to exchange through our app as well as on various popular centralised and decentralised exchanges.

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How much does it cost to purchase $VEXT?

$VEXT has an initial price of just $0.40. Please note that this figure will fluctuate based on market conditions and future announcements surrounding the Veloce Media Group.

How do I buy $VEXT?

To purchase $VEXT, you will first need to set up a digital wallet. The primary wallet used is MetaMask. Once set up, you will need to purchase a native token such as USDC or Matic through the wallet provider. Once complete connect to our app and use the exchange on the homepage. For additional help check out our news articles on how to create a digital wallet and how to purchase $VEXT.

Can you purchase $VEXT with fiat currency / a bank card?

Yes, as long as you have a digital wallet setup. Then purchase a native token such as USDC or Matic through the wallet provider. Once complete connect to our app and use the exchange on the homepage. If you need help checkout our news article on how to purchase $VEXT.

Can I sell my $VEXT?

Yes, members wishing to sell their $VEXT tokens have the option to exchange them into other respected tokens through our app, which allows for them to be converted back to cash through various centralised exchanges.

Are there any transaction fees involved?

Polygon only contains minuscule transaction fees compared to other blockchains. They’re so small that you’d hardly recognise them.

Is $VEXT available internationally?

Yes, $VEXT is available within all global countries which allows users to have access to digital wallets.

EMPOWERING AND FUELLING THE NEXT
GENERATION OF SPORTS AND NEW MEDIA

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VELOCE(VEXT) Smart Contract Addresses: POLYGON:0x27842334C55c01DDFE81Bf687425F906816c5141 ETHEREUM:0xB2492E97a68a6E4B9E9a11B99F6C42E5aCCD38c7
This promotion has been approved by Englebert Limited, FRN 1001386 on [DATE]