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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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