VeChain (VEN) Gets Ready To Launch Its VeChainThor Blockchain
The VeChainThor blockchain launch is increasing in traction, and over the last 2 weeks, VeChain Foundation has announced a collaboration with a world renounced university in London.
Oxford University which will assist in the technical development of the VeChainThor platform, the Foundation also announced a partnership with a global giant in the automobile industry; BMW.
The Hype Further Intensifies with New Partnerships
In addition to these high profile collaboration and partnerships, the VeChain Foundation has announced more partnerships as VeChain enters the last phase before it releases its Thor platform.
VeChain has announced its first partner that is focused on the VeChainThor platform and two other partnerships.
Esprezzo, VeChain’s newest partner will work with VeChain Foundation on the MainNet to provides easier, and more efficient ways to build blockchain based Dapps that can communicate with off-chain business data with the scope of providing value and getting real-world usage and mainstream acceptance.
The VeChainThor platform is yet to launch, but the VeChain Foundation is already taking precise steps towards ensuring the future success of their MainNet with its new partnership.
Esprezzo joins DB Schenker; a logistics division of German railways and PwC (Price water house coopers); on the list of VeChain Foundation’s newest partners.
Ahead of its launch in 8 days, the VeChainThor blockchain launch has already gardened enough attention, hype, and support.
VeChain Foundation has broken down the process of fully migrating to its MainNet and tokens into smaller parts scheduled to happen differently.
Binance Supports VeChain MainNet Swap & Adds New Trading Pair
More momentum gathers as members of the VeChain community earnestly anticipate the launch of the VeChainThor blockchain as leading digital exchange platform Binance today announced its support for the upcoming MainNet launch and the token swap of VeChain (VEN).
As part of the support VEN, Binance also announced a new trading pair for VeChain. Users and traders can now exchange their VEN tokens for Tether (USDT) on Binance.
The trading pair is now available for Binance users, and VeChain Foundation took to their official Twitter account to appreciate the support.
Once the VeChainThor blockchain is launched, VeChain will migrate its ERC20 tokens to its new tokens with the VET symbol.
When the migration is complete the VEN (ERC20 tokens) will become non-functional, so HODLers are advised to transfer their tokens to exchange platforms that have confirmed their support for the VeChainThor blockchain swap.
Price and Market Status of VeChain (VEN)
The bearish trend worsens as today’s market opened with over 97% of all cryptos trading in the red, leading to the loss of over $41 billion USD in the cumulative market capitalization.
VeChain (VEN) is down by 13.3% over the last 24 hours experiencing a sharp decline like most other assets.
As a result of the decline, the value of VEN now sits at $2.74. VeChain’s market cap of $1,502,710,209 makes it the 16th largest cryptocurrency.
VeChain may be trading in the red now, but the momentum it carries into its MainNet launch has the ability to alter the course of its run in the market.