VelasPad: What It Is, Risks, and Why It Matters in DeFi

When you hear VelasPad, a decentralized launchpad built on the Velas blockchain that helps new crypto projects raise funds through token sales. Also known as Velas IDO platform, it lets users buy into early-stage tokens before they hit major exchanges. But unlike big names like Binance Launchpad, VelasPad operates on a smaller, less-trusted chain with fewer safeguards. Most projects here are low-cap, unverified, and often vanish after the sale.

It’s part of a bigger trend: DeFi launchpads, platforms that connect investors with new blockchain projects in exchange for early access to tokens. These tools were meant to democratize access—but today, they’re flooded with junk. Think of them as crypto flea markets: some hidden gems, but mostly scams. Velas blockchain, a high-speed, EVM-compatible chain designed for low fees and fast transactions was built to compete with Ethereum, but it lacks the audits, user base, and reputation to make VelasPad safe for most people. Projects here rarely have working products, let alone teams you can verify.

What you’ll find in these posts aren’t success stories. They’re warnings. You’ll see tokens like RUGAME and BOHR—projects with zero trading volume, no team, and no future. You’ll read about airdrops that vanished, exchanges that disappeared, and airdrops that were outright scams. VelasPad sits right in the middle of this chaos. It’s not the only launchpad doing this, but it’s one of the few still active with little oversight. If you’re thinking of joining a sale here, you’re not investing—you’re gambling. And the odds are stacked against you.

The real question isn’t whether VelasPad works. It’s whether you can afford to lose what you put in. Below, you’ll find real cases of people who lost money on tokens tied to platforms like this. No fluff. No hype. Just what happened, why it happened, and how to avoid the same mistake.