Hello,
I'm writing a little summary for those who are still unfamiliar with VeChain!
VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants.
They have a whole list of partnerships already and it is possible that this will become very big. With the rebranding coming in 2 days (February 26th), the possibility of a price surge is almost certain. The rebrand event is not just a name change. Currently VeChain is an ERC20 coin, and it will transform into its own blockchain system.
When they operate on their own blockchain you will receive THOR by staking your VET in their wallet (ETA: Release Q2).
Here you can calculate how much THOR you will receive for holding x amount of VET. https://thorcalculator.com/
The system works pretty much like NEO ans GAS. :)
PS: VeChain (VET) will be listed on coinnest (a korean exchange) and will get a VET/KRW pair.
source: https://www.coinnest.co.kr/gonggao/203.html
PPS: Always have your stoplosses in place =)
DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.
Cheers!
