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VeChain Makes a Comeback with a Strategic Partnership

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VeChain

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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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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