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VeChain (VET) and All the Reasons to HODL

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VeChain
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VeChain has had a hard time recovering from the market dip that went on for more than eight weeks. To reward HODLers, VeChain team decided to the lockup of a certain amount of VET, which became a part of a project called X Series Node Program. Now when VET is slowly being recovered from the recent market dip as well as from the selloff that took place a couple of days ago, we are interested in listing all the reasons to HODL onto your VET units. In addition to this, we will also be analyzing whether VeChain is ready for mass adoption based on its recent performance, given the fact that mass adoption for cryptos is the next main objective of all major digital assets.

VeChain Announced X Series Node Program

X Node series was announced back in March when VeChain officially announced via Twitter and Medium that they are starting a new project with a fresh lockup of 50 million VET units, claiming that the new project also has a deadline for completion.

As it is already the case for quite some time now, VeChain has launched its own native token, called VeThor Token (VET). VET tokens are THE units you should be interested in, in case you would like to take advantage of the new X Node project.

Talking about the details on the new project, the team has stated that everyone interested in participating will need to lock up their economic nodes, with a great chance of performing the node lockup in advance and before the start of the initial project.

The team has also announced that there will be an already set requirement regarding the number of tokens each holder is holding, which means that all interested holders are only set to become eligible for this program in case they have a mini9mal amount of 6000 VET.

All interested holders have also had an opportunity to choose between different types of programs, where they could choose to lock their VET units for 30, 60, or 90 days. The team has also added that all token holders would have to try a bit harder in case they would like to get a chance of collecting rewards from this project.

To conclude the story, if you are wondering how come X Series Node Program makes up for one of the reasons for holding onto VeChain, there is a rather simple explanation for that.

Apparently, the VEN team has stated that the reason behind launching the X Node project is to establish a stable economy in their own ecosystem. In addition to this reason, the team has added that they are launching the X Node program in order, to begin with, “trust tracking” of VeThor Economy and the way VeThor tokens are performing.

As a huge plus, all participants that turn out to be eligible will be rewarded in accordance with their contribution.

VeChain Main Net

One of the main reasons for sticking to your VET units is the fact that VeChain Main Net is to be launched pretty soon. As we’ve had more than a single case to conclude based on, when the main net of a certain coin is expected, the given coin always goes through a much-expected rise in the market.

That is also the case with VET as we can see this currency trading in the green for a prolonged time although it started off with its rebound at what could be categorized as a slow start, especially when compared to VeChain’s previous performance.

The Main Net launching is announced to officially happen on June 30th, when VeChain will officially launch its own network. Until then, it is not expected to see massive drops in the market hovering around VET.

It is also considered that the price of this currency is going to jump up dizzily against the market upon the launching set for June 30th.

VeChain and INPI ASIA Partnership

The main reason to value the newly started collaboration between VeChain and INPI ASIA is NDCode Technology.

When combined, VeChain platform and NDCode hold a great potential of sky-rocketing VeChain and its technology. In addition to the increased exposure of the coin, NDCode should acquire a pretty important place for VEN in the crypto mass adoption phase that seems to be taking off strongly, especially during the last month.

However, the greatest potential for NDCode technology is mirrored in the purpose of this piece of technology in the supply chain management industry, as VeChain together with INPI ASIA is aiming at revolutionizing the way supply chain works.

The initial technology should be used for authentication process of all items and services in the VEN economy and its supply chain. As the positive effect, VET would be more seized after on the market as companies would have to purchase VET in order to be able to use this soon-to-be exquisite technology.

VeChain and MPP Protocol

Yet another one of many reasons to consider holding VeChain units is the so-called MPP protocol, which is abbreviated from Multi-Party Payment Protocol. As you might know, VeChain Thor platform is still in its developmental stage, so the developers working on Thor have come up with MPP protocol.

The single purpose of this protocol is the idea of changing the way crypto-based payments are being carried out across the network. At the same time, this protocol should contribute to the mass adoption of VEN, VET and its native network.

What makes MPP revolutionary is the ability to set up a new way of making crypto transactions where transactions will be possible between more than two parties, which means that payments would be multi-user based. IN addition to this amazing improvement, MPP is set to arrange the way crypto transactions are being made by performing transactions even between users who are using crypto and those who are using fiat currencies, being able to process “mixed” payments all at once.

How is VeChain doing at the Current Moment?

Even though VeChain had a slower start in oppose to its previous performance, VET is now doing more than well as the market is being recovered from the recent selloff that occurred nearly a week ago.

Following the trend in the market, VET is going up against the dollar for 8.62% while trading in the green. In addition to rising against the dollar, VET is going up against BTC and ETH, for 8.14% and 8.56%.

After the recent change in the market, VET can be purchased at the price of 4.30$ per one unit, while slowly progressing towards its all-time high of 9.45$ per one unit as marked back at the end of January.

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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.

Image courtesy of D – 15 photography via Flickr

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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