Veil Blog

Apr 29, 2026
by Sean Phillips

2025 and April 2026 VEIL CATCHUP

Since the demise of TradeOgre, NonKYC Exchange is now Veil's only exchange. NonKYC.io is a great ecosystem, but the Veil community needs to expand to DEXes such as BasicSwap DEX. Veil's market data is available on several data aggregators, but is missing from two popular ones currently. The VEIL light wallet continues to allow people to hold their own Veil without having to host a full node wallet, but Veil is now also on the Zelcore wallet. Staking and mining multiple algos continue without fail. The Veil community would benefit from new developers and volunteers looking for opportunites with leadership potential.Tips and incentives paid in Veil may apply.

VEIL on centralised EXCHANGEs

  • Mid 2025 saw the demise of the popular miners’ exchange TradeOgre! We remain on NonKYC Exchange where you can trade our VEIL privacy coin cheaply Monero (XMR), Bitcoin (BTC), and Tether (USDT). NonKYC has liquidity pools helping to keep the spread tight and transactions regular. You can add liquidity to the liquidity pools and farm the trading fees without any cost imposed by the liquidity pools. You can launch your own liquidity pairs for the cost of one dollar worth of the exchange token NKYC token. We recommend that you deposit and withdraw Veil with NonKYC exchange using your Veil stealth address, and when depositing make sure to send from RingCT funds. With the light wallet this is the only way, and with the core Veil GUI (Qt) wallet stealth is always the default.
  • In addition to the loss of TradeOgre as an exchange, we also ceased trading on Probit exchange. This was an orderly shutdown, and all traders with Veil on Probit should have long since removed their Veil. As happened with most exchanges conducting KYC, the volumes traded there were never nearly as high as they were in 2019 before many of the KYC and AML laws were enacted. Veil has never been for “money laundering”, but always for the privacy of ordinary people Fortunately for those who would have lost more veil when TradeOgre closed down, NonKYC exchange had already taken over with the lion’s share of trading volume.

VEIL DEXes

  • All members of the Veil community are invited to set up nodes on BasicSwapDEX for non-custodial Veil trading with other privacy coins! We would like all those who do, to work together with others to ensure that there is a significant amount of liquidity on that DEX!
  • There is at least one other non-custodial DEX that would be beneficial for Veil to be on. Please coordinate with others on the team and in the community if you are targetting such a DEX. be aware that many DEXes are unsuitable as they are designed for non-private smart contract platforms that are incompatible with Veil. Years ago we did launch on Bisq, but although we had some team support to the volume there Bisq did not continue with Veil, as they prioritised BTC to XMR and pretty much nothing else, and certainly no other base currency than Bitcoin, and suffering from the full disincentives of slow block time and very high network fees. Direct trading with other pairs will not have those disadvantages.

VEIL light Mobile Wallet is available for new and casual Veil users

  • Do not forget about the light wallet available for Android, iOS, Windows, macOS, and Linux. The Veil light wallet is Open Source and multilingual! Check Veil Wallet at veilproject.org for details and download links. Volunteer to add your own mega-language!
  • A default server back-end for the light wallet is provided, but you can provide your own, using your Veil Core wallet and the Light Wallet API created by our OG dev blondfrogs with the Veil 1.4 wallet or later.

ZELCORE wallet, a multicurrency light wallet, (meaning that you don’t have to download and sync the entire blockchain), supports Veil also. This is another way that Veil users can continue to use Veil’s strong privacy without keeping a core wallet synced with a large blockchain all the time.

Testnet staking

  • From 2019 to April 2026 we have maintained for Veil users and developers a Veil testnet, together with an explorer and regular official blockchain snapshots. In order to encourage people to concentrate on setting up DEX (Decentralised Exchange nodes) instead, the team has stopped the supporting infrastructure for the testnet. The final testnet snapshots remain on our snapshoits server where the mainnet snapshots continue to be provided. Veil users only need the snapshot in order to get started, as you can always zip your own snapshot backups according to the guides provided on our Freshdesk Support website.

Incentives for staking

For some time we have provided incentivised staking on the testnet, where the equivalent of 60 or 120 (mainnet) block rewards, that is, 600 or 1200 Veil (given ten Veil is received by stakers or miners for winning a Veil block), was paid monthly to a handful of volunteers who kept the testnet running with their staking. It might surprise some to discover that there is an incentive built-in to the mainnet for Veil wallet users who stake the smaller denominations, in that those staking 10000s (Veil zerocoins in a denomination of 10000 Veil) actually have a handicap of ten percent compared to those staking 1000s! Had the 2019 price trend continued the most popular staking zerocoin denominations would have been hundreds and tens, as these would have been worth thousands and hundreds of dollars respectively. History, of course, did not allow that trajectory to continue, so the 10000s become the most popular, as for people who bought large quantities it was most convenient to stake the largest denominatio. However, from the beginning we have had an incentive built in whereby 1000s are ten percent better than 10000s, and 100s are ten percent better than 100s, while 10s are ten percent better than 100s. In the beginning, you may remember, that zerocoins required some heavy processing, but in mid 2019 we lightened the zerocoin protocol and since then it has been much easier for ordinary computers to stake and to spend a lot more zerocoins, so there is nothing stopping people staking thousands or even tens of thousands of zerocoins. The Veil-stats.com Staking Distribution chart shows basically how much of each denomination is effectively staking. If people have tens and they don’t have their wallet online and staking, that’s why the ten thousands are the highest on the chart. Some month ago I demonstrated how the hundreds, which were the least minted and staked denomination could be brought to the top simply by minting and staking a large number of them. Since then I did the same for the one-thousands. Just a few determined stakers can easily bring the hundreds and tens back up to the top section of the chart, and the built-in lower denomination incentive will reward them for it.

Veil mainnet infrastructure

The Veil project maintains an explorer and Veil Tools for information and to provide the downloadable snapshots that people need if they are just getting started with their full node Veil core wallet. Various servers in multiple global regions are provided to ensure that this works well for everyone.

  • VEIL-STATS which was originally written by a community member is online tahnks to another community member who is also compensated a monthly veil incentive for the privilege. If you are happy to underwrite or provide a useful service to the Veil community we would love to hear from you. This could include a BasicSwapDEX or other DEX node.

Veil faucet continues on Discord

This faucet in our Veil Discord continues to be used every day, and it serves as a great demonstration of Veil’s private RingCT transactions. You may direct your faucet rewards to your Veil light wallet, your Zelcore wallet, or to your Veil core wallet. You are welcome to try it, especially if you are a new Veil user, once per day, per user, directly onto your requested stealth address. Experience for yourself stealth and RingCT transactions on Veil!

Restating the discontinuation of the previously-announced RingCT-only staking (zerocoin-removed) wallet development

While the Veil price remains below a dollar, there is no incentive to complete the work on replacing zerocoin staking with RingCT staking. Interested developers are free to discuss recommencing that project with their own regtest or devnet. The Veil Project is not commited to change for change’s sake, but to the best choices for the ecosystem, and our current zerocoin staking protocol works brilliantly and remains private so long as the zerocoins are minted from RingCT utxos.

Veil mining with our proven triple-algorithm proof of work is unbeaten. All three algos, ProgPoW, RandomX, and SHA256D are all highly active with their programmed shares of the overall number of blocks generated.

Veil’s Dark Gravity Wave Difficulty Adjustment Algorithm is rock solid!

For several years now the ratios of staking, and mining, and the set shares of the three mining algos have been unassailable. Veil’s commitment to all of the consensus protocols is firm, as our powers combined make an unbreakable system.

Check the MINING channel on our Discord for all information about mining

Read the Medium blog post from ohcee about STAKING on Veil. medium.com/@ohcee/131690002384

Website updates and blogs versus Social Media

It should be very clear to all that the Veil Project’s communications have strongly leant toward Discord rather than this website. Discord has daily interaction, so we apologise to those who only read of Veil on Web 1.0, our official website, here. The team and the community live daily on Discord and other live platforms. Please come and join us!

𝕏 (TWITTER) and competing platforms

We would like to encourage people (and ourselves) to get active on all social media platforms such as:

Core development and the team

The Veil Project pursues decentralisation and is determined to progress beyond former contributors who have not maintained their efforts, but the high quality of those contributions remains the strength of Veil. Accordingly, all upgrades are required to meet high standards and changes will not be made lightly. Any people you may know of with an exceptional understanding of Applied Cryptography, ZK Proofs, zkSNARKs, and such things, serious mathematicians, and having goals aligned with the Veil and Bitcoin communities, would be ideal candidates to join the Veil team. We have a number of textbook PDFs for others who would like a refresher. This applies also to back-end server hosting. While the team has multiple redundant servers providing network support, including a block explorer, and snapshot download creation and hosting, we would like to have third-party hosting of equivalent websites for the sake of decntralisation. Of course, the blockchain itself is decentralised, and miners and stakers independently make that happen. By having both staking and mining, Veil is made much stronger.

Markets

The VEIL price has not kept up with Bitcoin in the past year, however, the fluctating trading range does provide opportunities for traders to buy low and sell high(er). A recovery has a long way to go. Even the attaining of a fraction of the 2019 trading range in Bitcoin price would provide solid market capitalisation that will attract developers and traders again. The people who donate some of their time in the lean years are the real Veil legends. It is easy for a multi-millionaire to pump a coin, but that is not our reason to exist. Veil provides an excellent privacy solution that you may or may not wish to use together with other legitimate privacy coins. With the addition of only two or three moderately well-funded individuals buying and staking the very low supply of Veil will show how significant a change that will make.

  • NonKYC exchange https://nonkyc.io/

Your input is valued in our DISCORD !

(Please be aware of spam on Telegram and other third party websites. Our native community is on Discord.)

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