Velox will be mined, transacted, traded, and will serve the purpose as the pow/pos based token of the VLX Bolt exchange and trading platform, where VLX holders will be rewarded with buy-backs from the VBOLT platforms' profits.
The good sides VLX is they have there owned blockchain to support their features and transactions, So I am thinking this is like the XFC football coin, Because they have the same platform and independent too.