Veil Token (veil) is the native cryptocurrency of Veil Cash, a privacy application built on the Base Layer 2 blockchain utilizing zk-SNARKs. It enables users to achieve on-chain privacy by depositing fixed amounts of ETH into pools. The protocol employs zero-knowledge proofs to allow users to withdraw funds to a new address without revealing the link to the original deposit, thereby ensuring anonymity. Users are required to hold $VEIL tokens to access the protocol's features. This privacy-focused digital asset strengthens anonymity within the Base Ecosystem.

Veil Token addresses the inherent transparency of public blockchains, where all transactions are traceable, by providing a solution for on-chain privacy and anonymity. It allows users to break the direct link between their deposit and withdrawal addresses, preventing external observers from tracking their financial movements. By leveraging zk-SNARKs on Base L2, Veil Token offers a non-custodial privacy layer. Furthermore, its unique "verified pools" concept enhances trust by ensuring participants have completed on-chain verification, aiming to create trusted anonymity sets within the cryptocurrency space.

The Veil Token (veil) has a total supply of 100 million. Its distribution includes 40% for the Liquidity Pool (locked for 1 year), 15% for the Treasury, 25% for Incentives to stimulate growth, 5% for Partner Projects, and 15% allocated to the Team and Advisors, which is locked and vested. The VEIL token serves multiple utilities: users must hold it to access the protocol, they can earn rewards for contributing to the anonymity set, and staking (coming soon) will allow holders to earn a share of the protocol's 0.5% deposit fees.

Veil Cash implements two fundamental innovations beyond conventional mixers: Firstly, it utilizes verified user pools restricted to Coinbase-authenticated participants via Ethereum Attestation Service credentials, creating whitelisted anonymity sets that reduce illicit fund risks. Secondly, its zk-SNARK implementation incorporates Merkle tree commitments that enable cryptographic proof of legitimate fund ownership without revealing transaction linkages between deposit and withdrawal addresses, mathematically ensuring unlinkability.

Users must complete three technical steps: 1) Verify a self-custodial wallet through Coinbase's onchain attestation system, 2) Connect this wallet to the Veil frontend for signature validation, and 3) Maintain the wallet's attestation status. The protocol previously required holding 2,500 VEIL tokens but eliminated this in v0.7, reducing technical barriers while maintaining verified access controls.

The Note Key system generates Ethereum key pairs (public/private keys) that encrypt deposit notes using X25519-XSalsa20-Poly1305 encryption before on-chain storage. Notes remain decryptable only with the corresponding private key, ensuring even if contract data is compromised, deposit details remain confidential. This system operates independently of Web3 wallets and stores encrypted notes against wallet addresses in the VeilNote contract, creating a decoupled security layer.

Three architectural safeguards exist: 1) Verified pools restrict deposits to authenticated users, 2) Validator contracts enable pausing of deposits (but not withdrawals), providing emergency control, and 3) Non-upgradable pool contracts eliminate admin backdoors for fund access. Additionally, the 0.5% deposit fee creates economic friction against rapid in/out transactions that could compromise anonymity sets.

The Waves incentive program operates through four technical phases: 1) Deposit phase (7 days) where users commit funds to limited slots, 2) Hold period (14 days) requiring continuous pool participation, 3) Proof generation where users cryptographically verify unspent deposits via nullifier checks, and 4) Claim phase (7 days) where tokens are relayed to original deposit addresses. Rewards are calculated based on deposit value and duration within wave periods, with claims requiring on-chain proof of sustained participation.

The current Veil Token price is $0.02. The Veil Token price has changed by 4.791890919252171% in the last 24 hours.

The current market capitalization is $1,412,604. This represents the total value of all circulating tokens at the current price.

There are currently 109,767 unique addresses holding Veil Token. The top 10 holders control approximately 72% of the total supply.

The 24-hour trading volume is $4,064. This represents the total value of all trades executed in the last 24 hours across all exchanges.

Veil Token is available for trading on various centralized exchanges (CEX) like Aerodrome (Base), Aerodrome SlipStream and decentralized exchanges (DEX) like Uniswap V3 (Base). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

The primary contract address is 0x767a739d1a152639e9ea1d8c1bd55fdc5b217d7f on the base blockchain. This is where the token's core functionality is implemented.

The all-time high for Veil Token was $0. This represents the highest price the token has ever reached.