VeChain and Why I believe Its a Top 15 Project
Here a quick explanation about VeChain:
- What is VeChain? What’s the vision of VeChain?VeChain is the world’s leading blockchain platform for products and information. VeChain strives to build a trust-free and distributed business ecosystem based on the blockchain technology self-circulated and expanding.-What are the advantages of VeChain ecological environment?* Relatively transparent and symmetrical information
* Reduce the potential trust issue between different parties
* Each person and each enterprise can find their own place. Based on their contribution and value, they can obtain relatively fair reward
* The value is in a loop that keep expanding accompanied by the development of commercial activities with high-speed transmission.
It has its focus on various industries such as: Liquor, Luxury products, Auto, Retail, Agriculture and Logistics.
VEN has a National Level Partnership with the Chinese Government, which was announced last week. This alone is big news not only for VeChain but for Crypto overall. In my opinion its shows that VeChain is a solid and legit project, managing to get a National Level Partnership with a Government that was about to ban crypto in general is interesting to say the least.
VeChain also recently partnered up with BitOcean, they are together building on the world’s first ATM powered fiat payment application ecosystem on the blockchain- Korean Exchange ListingIt was about to get listed on Korean exchanges late December/early January but unfortunately because of the Korean regulations it is being delayed now until further notice. But I think this South Korea FUD will clear soon, its only regulating since the Government thinks the speculations are getting ‘’out of hand’’. I think these regulations are healthy and needed, and will work in our advantage. Korean Exchanges mostly have around 10 coins listed and the coins are over a billion dollar cap coins, imagine VEN sitting between those coins with its relatively small market cap.
- People’s Bank of ChinaTheres rumors about a VeChain and the PBoC Ecosystem Partnership, its not clear yet but if this is true than the sky is the limit for Vechain. To be honest I’m not even surprised by this since they also managed to get a National Level Partnership with China last week. And the CEO Sunny Lu said in Telegram a couple days ago that there is major news coming up for January.
And last but not least, big news coming up within two days, we don’t know exactly what it could be. But we are expecting a VeChain Gas system to be implemented.
Like the title said, this is why I believe it will be and also deserves a spot in the top 15, with a multi billion market cap. Its now Ranking #48 with around a 500M Market cap.
Do your own research and let me know what you guys think in the comments.
https://twitter.com/vechainofficial/status/946018246729203713https://twitter.com/vechainofficial/status/946048371227222016https://cointelegraph.com/news/blockchain-revolution-for-luxury-industry-counterfeit-exposedhttps://twitter.com/vechainofficial/status/944572057261457409 https://www.reddit.com/r/Vechain/comments/7js91n/dnv_gl_coldchain_logistics_and_the_power_of/
