Velas (VLX) is the native token of the Velas blockchain, which is designed to be the world’s fastest EVM blockchain. The token is used for various purposes within the ecosystem, including:

1. Transactions and Payments: VLX can be used for transactions, payments, and fees on the Velas blockchain. The blockchain's high scalability and low fees make it suitable for micropayments and DeFi platforms.

2. Staking: VLX is used for staking incentives to support the blockchain, ensuring the network's security and stability.

3. Decentralized Applications: The token is used to power smart contracts and support decentralized applications (dApps) hosted on the network. This includes applications like VelasPad and BitOrbit, which are part of the Velas ecosystem.

4. Discounts: When used with a Velas wallet, VLX provides a 25% discount on transaction fees and trading fees on the Coinpayments platform.

Overall, the Velas token plays a central role in the functioning and growth of the Velas blockchain, enabling fast, secure, and cost-effective transactions and interactions within the ecosystem.

To store Velas (VLX) tokens, you have several options:

1. KuCoin Account: You can hold your Velas (VLX) tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, but make sure to set up a strong password and upgrade your security settings to prevent malicious access.

2. Non-Custodial Wallets: For greater security, you can withdraw your Velas (VLX) tokens to a non-custodial wallet, which grants you complete control over your private keys. This includes hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely, as losing them may result in the permanent loss of your Velas (VLX).

3. MetaMask: You can also use MetaMask, a popular browser extension and mobile app that supports millions of assets and blockchains. This allows you to store and manage your Velas (VLX) tokens securely.

4. Velas Wallet: The Velas Wallet is a secure, easy-to-use, and free application to manage your cryptocurrency. It supports multiple types of wallets, offering a balance of security and convenience.

5. Paper Wallets: Paper wallets are another option, where you store your private keys securely on paper, ensuring that they are not accessible online.

Remember to always prioritize security by using strong passwords, two-factor authentication, and securely storing your private keys to protect your Velas (VLX) tokens.

To buy Velas (VLX) tokens, follow these steps:

1. Choose an Exchange: Select a reliable exchange that supports VLX trading. Popular options include Huobi, Gate, KuCoin, PancakeSwap, CoinEx, Bittrex, and ProBit. Research each exchange, considering factors such as user feedback, reputation, and security measures.

2. Create an Account: Sign up on the chosen exchange's website or mobile app. Provide necessary information, including your email address, a secure password, and complete any identity verification steps.

3. Fund Your Account: Deposit funds into your exchange account using a payment method accepted by the exchange. Common methods include credit/debit cards, bank transfers, and third-party payment processors.

4. Buy VLX: Navigate to the exchange's trading section, select the VLX trading pair (e.g., VLX/USDT), and choose your desired order type (e.g., market order, limit order). Enter the amount you want to purchase and execute the order.

5. Transfer to Wallet: Once purchased, transfer your VLX tokens to a secure wallet, such as the Velas Wallet, MetaMask, or a paper wallet, to store them safely.

Remember to always follow security best practices, such as using strong passwords, two-factor authentication, and backing up your seed words properly.