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A mass-market, modern and energetic name which could be ideal for a business or insurance brand.
The word "Velvar" contains only six letters and only two syllables. Two-syllable names are highly rare and highly prestigious. Successful brands using two syllable names include Pepsi, Honda and WeChat.
Velvar.com is a .com domain. Dot com domains are the most sought after domain extension in the world, famously used by websites like facebook.com. Once secured, a .com all but guarantees no-one else can outrank you for your own name in the long run.