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

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VeChain

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

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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Altcoins

Ready for Chaos? Swingby’s Chaos-Mainnet Launches on December 28th

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Singapore, Singapore, 9th November, 2020, // ChainWire //

Swingby is the “warp-speed” protocol for inter-blockchain swaps. It allows all DeFi users to move assets between blockchains without a trusted party. 

Today, Swingby announces its first mainnet network will be released on the 28th of December; it will bridge native Bitcoins onto Ethereum via Wrapped BTC (WBTC).

The initial bridge will enable the most liquid digital asset in the world (Bitcoin), currently valued at a $300 billion market cap, to be moved onto the Ethereum network to tap its $10b DeFi ecosystem.

“This launch will be pivotal to Swingby. After December 28th, Swingby will have a fully operational Chaos-Mainnet network which will be generating a tremendous amount of value to the world of DeFi and bringing in a large number of new users” – Yusaku Senga, CEO

Why is this big news for DeFi?

On December 28th, Swingby will be launching its first Chaos-Mainnet bridge, allowing users to easily move their bitcoins into WBTC on Ethereum without the need for a trusted party. Similarly, the bridge can be used in the opposite direction allowing WBTC-ERC20 tokens to be moved back into native BTCs.

What’s so special about it?

  1. Trustless: Swingby’s Skybridge will be the only way to trustlessly swap BTC into wrapped Bitcoin (WBTC).
  2. Simple to use: The Swingby bridge has been designed to work with standard transaction types removing the need for complex smart contract calls…
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