VeChain, one of the most popular blockchain platforms, has attracted the attention of investors recently. As a decentralized blockchain project, VeChain (VEN) is widely recognized for its financial services, including supply chain management. Although VEN’s performance has been impressive in the past few weeks, it has managed to grip the investors’ attention.
Tracing the recent developments on VeChain platform, the blockchain has invigorated fresh interest with the upcoming Mainnet launch. The crypto project, which has rebranded its name to VeChain Thor (VEN), has also released its updated whitepaper. VeChain’s executive Sunny Lu affirmed that the project is prepared to usher in a new phase with Vechain Thor. While giving a statement in an interview on the Box mining channel, Sunny Lu spoke about the upcoming Mainnet launch scheduled for June, stating the challenges involving the dApps, development. After listing on platforms like Bitmart and Zebpay, VeChain is ready to surprise investors with interesting partnerships.
Critics Slam VeChain for Rigorous Code Testing
While many traders have acknowledged the developments on the blockchain, VeChain was not entirely free from criticism. As VeChain proceeds towards its much anticipated Mainnet launch, many critics have slammed it for the testing of its code. Discernibly, the development team has been rigorously testing its code prior to the Mainnet launch. Speaking of the upcoming VechainThor (VEN), Lu said that the purpose of “any kind of software project or system project, you should put at least fifty percent of [your] budget in testing”.
VeChain (VEN) Announces Strategic Partnership with DECENT.bet
Originally designed as a digital platform for regulating supply chain management processes, VeChain enables users with the opportunity of assessing the quality of products. While the blockchain is largely deployed to determine the authenticity of luxurious items, it also provides consumers with comprehensive background information of various products. This influential crypto project, which has made some exciting developments on the blockchain to impress its investors, has witnessed some interesting developments.
One of the recent announcements that caught the investors’ attention is VeChain’s partnership with DECENT.bet. As a one-of-its-kind gaming platform, DECENT.bet offers a profitable alternative that promises to revolutionize the future of gaming. In a medium post, the gaming platform announced that it has signed a strategic partnership with VeChain. Explaining the reasons for choosing VeChain Foundation, DECENT.bet team asserted that VeChain stood out to the global audience for its invaluable services. Given the fact that VeChain has expanded its reach through a number of important partnerships, VeChain seemed like the best alternative for the gaming platform.
Speaking of the why DECENT.bet made the decision of tying up with VeChain Foundation, the team discussed the following points:
- VeChain has cemented its place in the global community as an international enterprise-level public platform. It has expanded its reach globally with its consistent performance, global partnerships, and overwhelming market response.
- Besides the notable partnerships, the blockchain has been widely recognized for its well-structured, networked system that offers efficient resources, incubators, and other top-notch facilities.
- Through the real-world applications of blockchain technology, VeChain Foundation has proven the fact it is a pioneer in this field. The gaming industry will greatly benefit from such a partnership, and DECENT.bet’s disruptive technology is likely to receive a boost.
- The VeChain executives believe in building momentum for mainstream uptake, and DECENT.bet aims to accomplish the same thing.
Key Developments on VeChain Blockchain
As evident from the market response, DECENT.bet’s the tie-up with the blockchain has become all the rage. While events such as this and Mainnet release have created a lot of noise in the market, VeChain is set to surprise its users with strategic developments. As per the latest updates, Liangang, The International Intelligent Manufacturing Exhibition Trading Center has signed a deal with VeChain (VEN). Apart from these partnerships, mention can be made of VeChain’s listing on BarterDEX and MustangChain’s decision to launch blockchain on VeChain platform. In any case, as all eyes are set on the Mainnet Launch, VeChain is gearing up to embrace a new phase of unprecedented growth.
VeChain and the Market
As evident from the currency’s recent price movements, VEN is struggling to come out of a bearish downtrend. Although a bearish market is underway, the coin has bolstered its position with interesting upgrades, which include strategic partnerships and listings. Trading at $3.47, the coin has moved up from its previous position by 4.88%. Ranking 16 by market capitalization, its market capitalization is tantamount to $1,825,602,301 as of May 30, 2018. Presently trading in the green, the currency is likely to see some major changes in the coming days, and if everything goes well, the Mainnet can restore VeChain’s position in the crypto space, taking it to new heights of success.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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