The Case for Vechain — June 21st, 2020

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Hi friends!

If you are interested in Blockchain technology and crypto currencies, then please have a look at the following.

First, however, I must in good conscious remind you that I am not a financial advisor, and certainly I am not your financial advisor. The following is merely some of the amazing things I have learned recently about this paradigm shifting technology. And so, here the case for VechainThor:

D03BB1D1-598F-4A0E-95E1-74CDC562CAB8.jpeg

The company was founded in 2015 by Sunny Lu who had formerely been the CIO (Chief Information Officer) for Louis Vuitton. Previously, Vechain (Vet) was called Ven and it was an ethereum token. But that all changed June 30th, 2018, when the company rebranded as VechainThor and lit up their own mainnet. What this means is that they are running their own independent blockchain — like bitcoin, or ethereum or others, and have their own tokenomics, governance etc., but I’m getting way ahead of myself...
The point for now, and please do your own research, is that this company has been around for 5-6 years in a space that has only existed for 11, and has demonstrated that its blockchain works and that it is serious enterprise grade technology. How has it demonstrated this you might ask?

Well, let’s look at who some it’s partners are. Afterall, crypto projects have a storied history about what they are going to do, or what might happen if there is some big announcement. But this is not the case for Vechain...

They have partnered with:

Deloitte and PWC, the top 2 of 4 global professional services companies. And even more incredibly, Deloitte moved off of ethereum and onto VechainThor for blockchain infrastructure. Check this out:

B35DA0E0-4A93-4E71-8DE0-9DDCDDB3244A.jpeg

PwC might not need any more of an introduction, but they serve over 400 of the top 500 by mrkt cap companies in the world. Currently they are building out infrastructure for Vechain, onboarding clients, and growing the ecosystem in what they call the “incubation” stage.
It’s kind of funny that they’re still calling it the incubation stage when they have already on boarded Walmart China and the platform is being used right now.

Which brings me to the next partner:

PwC brings in Walmart China

https://www.pwccn.com/en/press-room/press-releases/pr-250619.html

Here’s a screen cap from a couple days ago of the blockchain running live...

A1DE7823-1475-466A-9C20-AC3D72D4EFA8.jpeg

And did you see the block number at top left of screen? Well if you don’t believe me you can go and check... it’s public, immutable, and available on line.

So: Deloitte, PwC, Walmart China, and next?

Shanghai Gas:

74FCC830-3D89-474F-A454-FAC58884CABC.jpeg

Here they are:

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Going off at the same time as Deloitte!!!

I could also tell you about E-H Cert, a program for keeping Hospital records in Cyprus...

24C66FEB-B0D3-47AC-BB36-54FC30BAE0A4.jpeg

Or realitems.io

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Or Bayer

https://t.co/RL7zXHFSGL?amp=1

Or tell you about the partnership with BMW and their VerifyCar program. Or with Renault. Or with BYD, the largest manufacturer of electric vehicles in China, or talk about many others, or perhaps I should just tell you to DO YOUR OWN RESEARCH!
but have a look at this:

Vechain ecosystem:

03A0D48F-6D4C-407B-A0D9-B3C54D9A6E8B.jpeg

What it all means is that Vechain is integrating with Pillars of global commerce: supply chain verification, Gas and energy sector, hospitals, car manufacturing, AI, Robotics, IoT, BaaS, anti-counterfeiting... and the list goes on.

Even with State Governments:

https://www.crypto-news-flash.com/vechain-recognized-by-german-goverment-for-smart-supply-chain-management/

Just one last mention of partnerships one might want to be aware of.

27D5ACAF-BAFA-47A1-91DD-1994A89072D2.jpeg

https://www.dnvgl.com/news/dnv-gl-buys-stake-in-leading-public-blockchain-service-provider-vechain-as-it-strengthens-commitment-to-raising-trust-and-transparency-through-digital-solutions-119749

My point here is that this tech is already up and running. Vechain has big partners, it is already working, and their tx speed can be scaled to rival Visa & MasterCard.

Okay okay, so they’ve partnered with pretty much everybody. They’re already up and running. And it is believable that in the near future it will enjoy mass adoption — without people even realizing they’re using it! So what is it and how does it work?

VechainThor is a blockchain that has two native currencies. Vechain (Vet) and Vethor (Vtho)

Vet is the token used to exchange value and it’s value is free to fluctuate with market demand.
Vtho is the “gas” that powers (pays) for the transactions. The more data you’re sending/storing, the more Vtho it costs.
Vet generates Vtho at the rate of 0.000432 Vtho per day per Vet held. Of note: it is much faster than ethereum and much, much less expensive to use.

It’s a lot of Mumbo jumbo for many, but it is actually a brilliant way to overcome many problems with tx fees and also, as a way of generating value.

For much more technical information just go to www.Vechainstats.com and fill yer boots. For a look at their homepage, just go to www.Vechain.com. And for a deeper dive check out #vechain on twitter. Also, there are many, many, many, YouTube videos available: ranging from full on moon boys to full on fudsters — so be warned.

Here’s where it’s at today:

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And yes... I am fully aware that it has “crashed” from a penny to $0.0086 since I first mentioned it a week ago. But there’s crypto for ya!

Now if one were interested in acquiring some, here’s what I would suggest: follow link and download Atomic Wallet:
👇

https://atomicwallet.io/?kid=19K4CE

[Note: Use Strong password, and MAKE SURE you write down on paper with ink, the 12 word recovery phrase in proper order. Keep this phrase safe! Do not take a picture of it, or email it to yourself. Ink, paper, secret spot. Whomever has these 12 words will have full access to your wallet.]

Now, just send some ethereum to your Atomic Wallet and “exchange” right inside of your new “non-custodial” crypto wallet.

— the Atomic Wallet Admin does not hold access to your private keys. The keys never leave your device! —

Note: if you wanna’ save 1% on deluxe exchange fees you can always convert via binance or wherever. But if you just wanna’ keep it safe and get ‘er done, then swapping inside Atomic Wallet is a great option. I have used it many times with no problems.

What if you don’t have any crypto? Well download Atomic Wallet and buy ethereum with CC or Bank Card right inside the wallet. Once it lands, “exchange” for Vet. Once you have Vet in your wallet you will automatically begin to earn Vtho.

Remember: I am not advising you to do this, but merely sharing some info with y’all.

Here’s another link: you can see the Vechain blockchain burning up Vtho tokens

http://vechainuniverse.com/Fireworks

70% gets burned — 30% goes to Authority nodes as “gas” tx fee.

I hesitate to add this link because its headline looks so pie in the sky, but there is some good information in here...

Finally, Coinbase has said it is looking at 18 new potential listings among which is Vechain, although this agreement has not yet been verified. However, remember when I said Vechain Mainnet went live June 30th, 2018?
Well that means it’s turning 2 yrs old in under a week and a half...

Might be something you wanna’ know a little more about...

Cheers, from thedamus@thedamus
⚡️🕺⚡️🕺⚡️🕺⚡️🕺⚡️

Furthermore: I am not an affiliate of Vechain or Atomic Walllet. Everything presented above is what I like to think about and that’s it.

If you feel like I have offered some value above and you wish to support more work like this, then send me some ethereum! I just turned on notifications and can hardly wait to hear that jingle jangle!

Send Ethereum:

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0xBd95Ec5566816E913F1b6f8725e50C2E1190Ab18

Or, if you wanna’ save on tx fees, send me some Vets! 🤘🤩🤘🤩🤘🤩🤘🤩

(Vet)
0x9673b81dee5181ec77a020fb745e462798ea52ec

The Case for Vechain — June 21st, 2020 | Ecency