VeChain (VEN) Building Excitement Towards MainNet Launch
The progressive run continues for VeChain (VEN) after successfully releasing the VeChainThor network. VEN which serves as a direct network to supply VeChain with smart contracts, chain management, and financial series would have its first ever ICO launch on the platform soon.
Plair, the first ICO to launch on the platform aims at creating a highly interactive ecosystem (for gamers specifically) where users are rewarded for their participation, performance, and contributions. The Plair project would be completed on the VeChainThor platform.
Plair ICO is hard capped at 30 million USD. The ICO cap would be in VEN and PLA (Plair’s token), the exact ratio would be announced on May 25, when the private sale would begin. Plair Foundation has pledged to raise at least 80% of the tokens in VEN, and continue to hold VEN tokens throughout the projects developmental and operational phase.
VeChain MainNet Launch is Almost Here! Public Testing has Begun
The VeChain community is yet to recover from the launch of the platform as it advances what is most likely the most anticipated project of VeChain. Development of the VeChain MainNet has been ongoing since 2017, and now the VeChain MainNet is ready for public testing.
VeChain Foundation has begun public testing of the MainNet which would launch on June 30. VeChain made the code base of the MainNet public two days ago as the public tests began, for future development purposes.
More Partnerships for VeChain (VEN)
VeChain Foundation has put pen to paper on two new partnerships with Bright foods and its Tech subsidiary Shanghai Xiandao Food in order to integrate blockchain technology into Bright Food Co.’s internal management systems.
Bright Food is a global company which operates 93 different subsidiaries in China and another country, the Company brings in an estimated Y160 Billion. The partnership would see VeChain integrate VeChainThor Blockchain throughout Bright Food’s entire supply chain and data management systems.
It seems to be all glitz and glam for VeChain, sometime last week, representatives of VeChain and PwC ventures were in an exclusive meeting with the Minister of Finance of Singapore, Heng Swee Keat to discuss the future prospects of blockchain applications in the country.
Market Performance of VeChain (VEN)
The price pump that came with the launch is beginning to wind up, although the coin is not doing so bad in a faltering market. VEN has recorded substantial growth this month when other cryptocurrencies were reeling back.
VeChain is trading in the green, although minimal. The coin is up by 1.60% over the last 24 hours and now trades at $4.38 USD apiece. VeChain is now the 16th largest digital asset with a market capitalization of $2.30 billion USD.
The use and application of VeChain (VEN) have continued to expand over the last few weeks. VeChain has enjoyed a huge chunk of success following its rebranding, and release of the VeChainThor network VEN. One major thing for the coin is to lead the bulls once again, there is a possibility the MainNet launch would ensure that.