VeChain: VET + Thor (Gaining Now after rebranding and initial overcorrection)

[JuniAiko]

https://globalcoinreport.com/vechain-ven-vechain-is-going-up/

VeChain (VEN): VeChain is Going Up

VeChain is spinning around 5$ for some time now, continually dropping then rising back again. During the last month, VEN has had some falls, but it somehow always managed to get back into the game just like it is the case at the current moment. During the last 24 hours, VeChain had made an extraordinary move, trading in green and experiencing a benevolent change in price. Although the most recent case of a massive fall in price across the crypto market did catch VEN as well, this currency managed to bounce back up pretty quickly.

A Little Reminder about VeChain

The most recent rise in the price has made us test our knowledge in VeChain so let’s remind ourselves of what VEN represents and what the main idea behind this project is.

VEN or VeChain is a blockchain based currency that operates within a BaaS system, shortened from Blockchain-as-a-Service. The main idea behind this currency is to make all transactions faster and more transparent while also affecting the way business supplies are being managed and monitored. By transforming the business market, VEN is aiming at creating blockchain based business and management operations with fast transactions within a decentralized and transparent platform. To make sure the business supply is genuine and the market is fully transparent, VeChain is using distributed ledger technology so that it can be sure that the consumer would get exactly as ordered and paid for. Thanks to the DLT, VeChain can monitor business chain supplies without the presence of any third parties, so the network remains decentralized while also being safe.

The Future of VeChain: VeChain THOR

To back up its idea, VEN is going to have a rebrand of their project. The rebrand of this currency is set for February 26th which is only a couple of days away at the time of this writing. As of that day, VeChain will be called VeChain THOR. This is how the main idea behind VeChain will also change consequently to the rebranding of this currency.

So instead of focusing on supply chains, VeChain THOR will be focused on promoting and providing Dapps as a form of solutions for different enterprises, so their primary idea would still be revolving around business.

VeChain should then become a fully operational decentralized platform that should host two different currencies: VeChain Tokens (VET) and Thor Power (THOR).

On this platform, VET tokens will serve the purpose of making payments with different payment options that would come as particularly handy to companies while THOR will act more like fuel for Dapps and smart contracts within the future VeChain THOR platform. The smart contracts on VET platform should work like the ones hosted on Ethereum.

VeChain’s Price

At the current moment after a rough couple of days, VeChain is slowly rising back from the red, trading at a new price after the initial rise. In the last 24 hours, VEN had experienced a rise of 9.36% against the dollar, which led to the current price of 5.99$ per one coin, which is just 0.01$ away from a nice round value of 6$ per one unit.

The reason for this benevolent change might be the fact that VEN will be going through an interesting transformation within only a couple of days, so people are expecting to get a nice slice of what VeChain THOR will have to offer with the implementation of smart contracts and a new set of tokens.

Whatever it is the case for the initial rise in VEN’s price, VeChain is going towards embracing an important transformation while experiencing the increased demand on the crypto market.

VeChain in 2018

For now, VeChain is ranked as 15th currency on the global coin ranking list, dealing at 5.99$ per one unit thanks to the latest case of a rise in its price. As the date of rebranding is getting closer, it can be expected that the price jumps up again. But yet again, always keep in mind that a massive selloff can always take place when massive changes are being implemented. Regardless the case, if you want to invest in VEN, the right moment for that could easily be now as this currency is still trading below its peak price even after the latest rise.

[JuniAiko]

Vechain (VEN) in a Nutshell
https://www.youtube.com/watch?v=wH2G_44x4vw

Vechain (VEN) is a blockchain ecosystem for Businesses and Governments. They combine the best of Ethereum with their own Internet of Things (IoT) and RFID technologies to provide solutions to fight counterfeit goods, improve supply chain management and product assurance. This video talks about the fundamentals of Vechain (rebranding to Vechain Thor, VET) and its primary business partners.

[JuniAiko]

VeChain is finally making gains!!!

After the initial dip due to day-traders/speculators who bought in during the period leading up to the rebranding event, cashing out after the event to collect their profits -- and I had observed that this trend is typical for many coin re-brandings that eventually turns out to be successful.

I've bought in a hell lot during that dip.  

TO DA MOON!!

[JuniAiko]

Earlier review of VeChain in late January:
https://www.youtube.com/watch?v=ls2Dcv0BPTM

This convinced me to start slowly buy into VeChain!

[macit800]

Thanks for the updates, in the latest days there was a dip but it recovered very well. I am an long time holder and I like the project. For the next period I hope some new partnerships.

[sollahp]

Thanks for the updates, in the latest days there was a dip but it recovered very well. I am an long time holder and I like the project. For the next period I hope some new partnerships.

Latest news from venchain, you can update!
VeChain has just introduced new X Nodes. As everyone knows VeChain has 4 types of masternode that will support the network is Staking / Strength / Thunder / Mjolnir / Thrudheim, corresponding to VET must own 1 / 10k / 50k / 150k / 250k.

The new X Nodes program is the evolution of the regular node and will snapshot on Ethereum on March 20, corresponding to the VET ownership for VeThor X / Strength X / Thunder X / Mjolnir X is 6k / 16k / 56k / 156k (Thrudheim does not have X Nodes).

If anyone is familiar with the NEO / GAS governance model, then NEO will receive GAS every day, this GAS is based on resources when NEO blockchainers and programmers use it. The VET / VTHOR model is quite similar to NEO / GAS. Towards a future Proof of Stake, where miners do not need to use a digger and consume power, just cultivate and authenticate transactions to receive rewards.

Bitcoin Vietnam News is currently gathering members to build the masternode at the end of Q2 when it released the mainnet, but changed plans to build x node when updating this new information. Anyone interested in the VeChain Thor project can leave comments or ask for more information about the project. Deadline before March 20 when snapshot on block Ethereum.

Source X Nodes: https://medium.com/@vechainof.../vechain-x-series-6b77b746b4b2

Calculate the profit of self-breeding versus becoming a VTHOR masternode: http://thorcalculator.com/

Potential future of VeChain Thor: https://bitcoinvietnamnews.com/.../lo-trinh-tiem-nang-tuong-l...

Group of VeChain hodler & Masternode: https://www.facebook.com/groups/248610635646299/

[SheldonLeeCooper]

The VeChainThor mobile wallet v1.1.0 will be available for download on August 2nd.
In this update, we optimized several functions based on the feedback we received from users since the wallets release. The main update within this version is the enhanced observe wallet function.

https://medium.com/@vechainofficial/upcoming-vechainthor-mobile-wallet-v1-1-0-688666aef1a3