Amoveo (VEO) bills itself as a highly-scalable proof-of-work blockchain driven by its community and aimed at prediction markets, investment, insurance contracts, and various derivatives, such as stable coins.

Amoveo has Bitcoin-like Lightning channels which allow users to transact faster and cheaper than on the blockchain. The price for opening the channel is reportedly less than $1 and the transaction time inside the channel is reportedly in the millisecond range.