# Vela Exchange By [inv3st.eth](https://paragraph.com/@chatme.gaia.domains) ยท 2023-03-05 --- Vela Exchange is a decentralized platform operating on the Arbitrum blockchain that combines the functions of CEX and DEX exchanges for margin trading. Investors: the project has raised over $4 million from Big Brain Holdings, Jade Protocol, Magnus Capital, and others. Twitter score: [669](https://tweetscout.io/search?q=https://twitter.com/vela_exchange) Networks: Multichain The project team has shown a [roadmap](https://twitter.com/vela_exchange/status/1628875576042745858/) where, starting from March 6th, a confirmed drop for trading volume will be available, which can still be accumulated. At the moment, they already have their own token called $[VELA](https://coinmarketcap.com/currencies/vela-token/markets/), which is traded and has a capitalization of about $40 million. A good fact is that the team has officially confirmed the distribution of 35% of tokens for the community as an Airdrop, while only 5% is allocated to investors. Also, recently, the team published a [tweet](https://twitter.com/vela_exchange/status/1627042792685060098) saying that they will distribute the drop and the more trading volume, the "wider your smile will be" after the Airdrop distribution. Connect your wallet on the [site](https://app.vela.exchange/?refer=I3RMAR60), click Deposit in the upper right corner and replenish the account with the desired amount. Then go to the Trade tab, choose the asset you want to trade with: BTC, ETH, or DOGE and the position you want to enter: Long or Short. After that, you need to select the opening price of your limit order, leverage, and position size. And start trading volume. It is best to trade with Pound Sterling/Euro/Japanese Yen volume. Then we need to send $VELA tokens to staking. To do this, buy some $VELA on 1inch in the Arbitrium network (0x088cd8f5ef3652623c22d48b1605dcfe860cd704). Then go to the Stake tab, go to the Vela & eVela tab. Select the number of coins, click Stake, and confirm the transaction twice in Metamask. Join the project's [Discord](https://discord.com/invite/velaexchange) and follow its activities. --- *Originally published on [inv3st.eth](https://paragraph.com/@chatme.gaia.domains/vela-exchange)*