VeChain (VEN) At $10 By Q1, As A Lot of Excitement Coming Next Week
VeChain (VEN) is a blockchain platform that is designed to offer supply chain management services. VeChain aims at building a trust-free and distributed business ecosystem, which is self-circulating and scalable. It is the world’s leading product management network based on blockchain technology.
The VeChain ICO ran from 18 and 19th of August 2017. The vision of VeChain Foundation is to “develop a decentralized business ecosystem which enables the flow of information securely and privately, building trust and transparency across borders and companies”. It provides a unique V-ID for every transaction on the platform.
The Apotheosis is Coming
On the 28th and 29th of November 2017, the first VeChain Founders steering committee meeting was held in Singapore. A lot proceeded from the meeting, one of the major accomplishments was the decision to expand the scope of the digital token. VeChain will be rebranded VeChain Thor (After the Norse God of Thunder, the Marvel superhero), the rebranding date is set for February, 26th 2018.
The rebranding is not only a change of name. VeChain Foundation is extending beyond the supply chain into Decentralized applications (Dapp) technology similar to that of Ethereum’s. Two tokens will feature on the VeChain Thor platform: Thor Power (THOR) and the VeChain Token (VET).
VeChain (VEN) Partnership
As at the time of this writing, VeChain Foundation is in partnership with; Microsoft, BitOcean, DNV GL, Babyghost, China Unicorn, Directed Imported Goods, Healthcare Co Ltd, Hyperledger, Jiangsu Printed Electronics Co Ltd, MadeForGoods, PwC Renault, Xiamen Innov Information Technology Co Ltd.
The VeResearch Program
VeChain Foundation announced the initiation of the VeResearch on the 30th of January. The VeResearch aims at expansion, collaboration, innovations with collective wisdom to integrate blockchain into new and emerging technologies.
The official update
“a global innovation research grant program formed by research professionals to integrate blockchain into new and emerging technologies.”
Status of VeChain (VEN)
Over the past few days, Vechain has been one of the top gainers, especially in the Asian markets. The coin is up by almost 30% in the last three days. As at the time of this writing VEN is trading at $5.8 apiece. The digital token occupies the 17th position in the cryptocurrency ranking with a market capitalization of $2.72 billion (USD).
The impressive growth of VeChain (VEN) in the past week is almost coinciding with the rebranding of VeChain coin (in a few days) makes it more exciting to watch the digital token. Price predictions suggest that the token could hit $10 before the end of Q1.