The status of the project is good. Blochchain is fast and cheap as fuck, mainnet is processing around 15/20 thousand transactions a day and new partners are increasingly going live with their projects. Highly undervalued IMHO.
Vechain (VEN) Thread
First update of the year!
- Vechain partners with Haier to integrate the blockchain tecnology into the supply chain processes. This is simply massive, considered that we are talking of the 3rd biggest company in China, with a business perfectly suited for the use cases of the blockchain.
- Mainnet has been on fire lately, it's processing more than 100k transactions for day. In terms of comparison, an old and established project like Ethereum is processing 700k transactions for day. Long way to go, but as many businesses go live, as much this amount will go up. 15% of VeThor produced daily is getting burnt.
- On the 18th April, an annual Vechain summit will take place in San Francisco, with many guests speaking from BMW, Microsoft, Draper investments, DNV-GL, Stanford University, etc.
- A decentralized exchange was created as well as Oceanex (official centralized Vechain exchange) gaining volume
- Price is following the market, 100% up from the bottom, but still around 93% down from the ATH. Long way to recover...
- Vechain partners with Haier to integrate the blockchain tecnology into the supply chain processes. This is simply massive, considered that we are talking of the 3rd biggest company in China, with a business perfectly suited for the use cases of the blockchain.
- Mainnet has been on fire lately, it's processing more than 100k transactions for day. In terms of comparison, an old and established project like Ethereum is processing 700k transactions for day. Long way to go, but as many businesses go live, as much this amount will go up. 15% of VeThor produced daily is getting burnt.
- On the 18th April, an annual Vechain summit will take place in San Francisco, with many guests speaking from BMW, Microsoft, Draper investments, DNV-GL, Stanford University, etc.
- A decentralized exchange was created as well as Oceanex (official centralized Vechain exchange) gaining volume
- Price is following the market, 100% up from the bottom, but still around 93% down from the ATH. Long way to recover...
One of my favorite projects, actually very tangible goals that they have and applicable for daily lives of ordinary citizens.
Sunny Lu is also a very experienced veteran in the field...and has a very successful career track record.
Not sure if someone already mentioned, but Vechain already partnered with he government of China.
For me it's just too early to invest, but I am excited to see where they end up in the near future and beyond
Sunny Lu is also a very experienced veteran in the field...and has a very successful career track record.
Not sure if someone already mentioned, but Vechain already partnered with he government of China.
For me it's just too early to invest, but I am excited to see where they end up in the near future and beyond
"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat
"That's the difference between you and me. You wanna lose small, I wanna win big."
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