Connect with us

Blogs

VeChain (VET) Scores an Integral Partnership for VeChain Thor

Published

on

VeChain
READ LATER - DOWNLOAD THIS POST AS PDF

VeChain seems to be going full steam while its current development stage is focused on the launching of the VeChain Thor platform.

VeChain Thor test net was released to the public on June 14th, while it is expected to have the testing all done and wrapped up by the end of the following month, after which we will get to see the VeChain Thor platform in its full operational power.

VeChain has once again gotten into the spotlight with the latest announcement the VeChain foundation has made via their twitter, stating that they have acquired a perfect partner for VeChain Thor when it comes to making an infrastructure partner.

VeChain Announces a Crucial Partner for VeChain Thor

VeChain foundation has announced via their official Twitter account that they have just acquired a crucial partner for the infrastructure of VeChain Thor.

The announcement was made on June 20th, and on this occasion, VeChain stated that they have partnered up with Esprezzo due to their Esprezzo app.

What brought Esprezzo to VeChain was the fact that their CEO attended the Blockchain Week in New York, where he was fascinated with the dedication the team VEN has shown during the conference.

Esprezzo was presented by VeChain foundation on their official release on Medium as well, where Esprezzo was described as a provider that makes designing of decentralized applications easier and simpler for developers, while enabling enterprises, foundations and individual developers to use exquisite tools for easier blockchain based construction of decentralized applications.

Esprezzo thus has the main objective of creating middleware for blockchain based operations that front-end developers could take advantage of.

VeChain presented Esprezzo application as the first “velocity toolkit” that serves the purpose of providing the needed tools for an easy and simple creation of Dapps.

Esprezzo on VeChain Partnership

According to the CEO of Esprezzo, he decided to go forward with initiating collaboration between Esprezzo and VeChain Foundation once he attended the Blockchain Week that was held in New York.

On this occasion he stated that the VEN team is one of the most dedicated and loyal communities that he has ever gotten a chance to meet, as well as stating that he hopes that Esprezzo and VeChain will together share the enthusiasm that VEN community has as well as “bring the benefits of blockchain to everyone”.

The excitement seems to go both ways, so probably due to the recent partnerships and so far successful test net of VeChain  Thor, VEN managed to pull out again, although a minor one, in the middle of the market with over 90% of the dropping assets at this point.

While VeChain Thor users will be able to take advantage of different features that Esprezzo platform is offering with this partnership, Esprezzo will have its tokens (EZPZ) where the tokens will be minted in the following weeks.

Esprezzo has pledged to have at least a single sale of EZPZ tokens organized to be sold in VET tokens, while the company also signed the agreement with VeChain foundation where they have promised to hold VET tokens, while not spending the mentioned units unless there are no other resources to be spent.

It seems that VEN foundation has made a proper choice with their “first VeChain Thor partnership” as having Esprezzo investing in VEN is the main reason while we can see VEN up at this moment even though the majority of assets started to drop in the past couple of hours.

With Esprezzo app, the users of VeChain Thor will soon be able to easily create and deploy decentralized apps thanks to the super API tools and the toolkit that Esprezzo brought to VEN with this partnership, that way creating a more functional ecosystem for developing Dapps and operating with smart contracts.

VeChain (VEN) Performance

Although acquiring only a minor boost in the now dropping market, VEN is going up by 0.30% against the dollar at this moment, while surpassing ETH by over 2% at this point.

Soon to become VET, VeChain can currently be traded at the price of 3.18$ while being ranked as the 17th-best currency.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

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

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite