I saw this tweet on X today and this is what you would expect to see as for the masses invested in crypto they have done zero research. You would think if you invest in a project then you would of at least done some home work first. Both my VET/VTHO and COTI investments had to tick certain boxes first and the only way you can find out is by doing a little digging around which we call research.
The problem with most investments is they do take time to come to fruition and the earlier you invest in any project the better. If you do not have the knowledge gained via researching then you are always going to be looking for some other shiny new coin and will eventually sell and move.
Looking at the investments above mentioning ALGO and VET I have no comment to add about ALGO as I have done zero research. Regarding VET I have been researching this crypto project for the last 4 years and continue to look for updates each week. I guess this is how I come across these tweets looking for any leads that will offer me more information.
We know VeChain is a Chinese block chain that moved to Europe in 2021 to lose the Chinese part and why NanoJclean became the new VeChain in China. Everyone still identifies VeChain being Chinese though even though the move has benefitted them.
The problem with stating that VET is heading to a crypto graveyard is so far from the truth mainly due to zero knowledge and the price not following investors set agendas and time lines. Unfortunately crypto has not had many projects being used in real world use cases so investors assume the project is struggling. Many will fail and end up being dead blockchains and why research is that important.
We had news regarding the United Nations and the members voting to apply a tax to shipping for Carbon emissions. The EU next year launching CBAM in January taxing cross border carbon emissions and VeChain is involved in both of these projects.
The above announcement was made in November 2021 so VeChain has been on board with the UN for close to 4 years already. The team at VeChain have been playing a smart political game and the move from China to Europe was not done by chance. The team has positioned themselves to benefit the blockchain through being i the right places to help out which will pay off big time. The VeChain has been networking in these circles for the last 5 years and why there has been no special announcements because they cannot divulge what they are working on. We have heard nothing from the AWS VeChain partnership with regard to carbon emissions signed back in 2019 which again they have to keep quiet until whoever they are servicing goes live.
Back in August 2023 the VeChain agreed to assemble a team in Dublin, Ireland which would consist of 100 developers. This was a separate development team for the UN so reading between the lines why would anyone invest so much resources into the UN if there was no payback? The payback is the carbon emission transactions on their blockchain for the EU and UN and not anything else. This cannot be officially revealed until these projects go live and why one needs to research and continue to research weekly.
