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VeChain (VET) Announces Plair Project: the First ICO to be Launched on VeChain Thor

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VeChain (VET) has made a quite a move once it signed a partnership with Bright Foods, that way being welcomed to being used for real-life purposes. However, we can now see it thriving as VeChain Foundation has announced a couple of days ago that they are welcoming the first ICO ever to be launched on VeChain Thor, which is VET’s own main net. The fact that VeChain Thor has enabled hosting chains for different ICOs, we can expect to see VET sky-rocketing in the following months.

VeChain Announces Plair: Thor to Have the First ICO Launched

A couple of days ago, on May 18th, VeChain Foundation has announced on their official Twitter page that they are going to have the first ICO ever to be launched in their platform, VeChain Thor.

The project is named Plair and VeChain was happy to share this news via an official post on Medium.

Although we can see a great portion of currencies going down with today’s market trend, which means that the majority of currencies are being traded in the red, VeChain has a lot to look forward to.

To address their latest achievement of preparing Thor for new ICOs, they have announced that they are going to launch Plair on their platform, at the same time supporting and advising the Plair start-up.

The VeChain Foundation has also gone forward with sharing a teaser for the Plair project, that way presenting Plair to all interested investors.

That is how the public was able to find out that Plair is aiming at changing the digital life of gamers, and it is planning on doing so by creating a blockchain-based ecosystem for gamers.

Initially, this ecosystem would allow gamers to get rewards for participating and contributing to the Plair community.

Plair Foundation’s CEO, Patrick Tang, has stated on this occasion that they are glad that VeChain Foundation accepted their ICO as they have made sure that VEN makes up for a high profile partner with the ability to provide professional advice and the technology needed for their start-up to function the way they imagined it.

Tang further added that they are looking forward to creating an ecosystem for gamers with the help of VeChain.

Moreover, Plair is planned on representing a blockchain-based eSports, with creating an ecosystem that will allow all gamers to communicate, play games, participate in different conversation threads, talk about games, watch game plays and more.

It is also planned to build different tools for a better user-end experience, so all Plair gamers would have a chance to cross-platform AI matchmaking, communication tools, gaming tools and more.

One of the milestones set by the Plair Foundation is creating a cloud computing platform for gamers with decentralized streaming and user-friendly content management, which should become available in the future as the network is being developed further.

The Plair foundation has also promised to raise at least 80% of their token sale in VET tokens. VET tokens are also planned to be used for the operational and developmental process of the project.

Further, in their announcement, VeChain Foundation stated that they have officially sealed their partnership with Plair Foundation within the VeChain Incubator.

The private sale of Plair units will start on May 25th, and you can follow up with the updates on this event by following up with VeChain Foundation on Twitter.

How is VeChain doing at the Current Moment?

After a couple of days of having the majority of currencies trading in the green, we can again see a great portion of top coins and tokens going down in the red once again.

VeChain makes up for no exception in this matter, so we can also see VET going down in the red on May 21st.

During the period of the last 60 days, VET has made it with going up against the dollar by 18%, while it went up by 17% in the course of the last 30 days.

However, despite trading in the green on 60-day and 30-day charts, we can see VeChain going down against the dollar during the period of the last two weeks as it dropped by -13% against this fiat currency.

VET also mostly traded in the red against the dollar in the period of the last 7 days, so we can see it going down -9.4% on its weekly chart.

Following the latest change in the market in the last 24 hours, VET has dropped by -2.16% against the dollar, while it is also going down against BTC by -1.89%.

However, we can see it barely going up against ETH at this moment while trading in the green against this crypto for a minor rise of 0.39%.

After the most recent change in the market, VET can be traded at the price of 4.38$ per one unit.

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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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