Although the bear market still looks like a long period of time, there are still some bright currencies in the market. For example, VeChain coin, which we are going to introduce to you today, has skyrocketed 20 times in just half a month.
For investors, in addition to the rising VeChain price, holding VET can also receive daily dividends, and the current annual natural gain is about 15%+, which is quite attractive.
On June 30, 2018, only the chain officially launched its own chain-only Raytheon public chain main network. In mid-July, the exchange opened VEN and VET replacements, replacing VEN with VET at a ratio of 1:100. Since then, VET has become the only new card.
First, according to the white paper of the VeChain, the vision of the VeChain-only Raytheon blockchain is to create a trusted distributed business environment with transparent information, synergistic efficiency, and high-speed value transmission.
Specifically, the only thing that the VeChain needs to do is to develop a product lifecycle traceability solution covering manufacturing, logistics, and supply chain, wholesale and retail, after-sales service, etc., and even combining IoT technology to allow consumers to participate in the block. Chain fake. Imagine that fashion and luxury brands, food manufacturers, car manufacturers, etc. can use a chain-only solution to prevent counterfeiting, and consumers can easily check product information on the chain. All these make the VeChain value more precious.
The VeChain White Paper shows that as of early 2018, more than 210 application collaboration opportunities are being communicated.
In order to attract business users to settle in, the only chain adopts the ‘dual currency system’. The so-called ‘dual currency system’ refers to the circulation of two types of certificates in one system.
Most public chains have such a contradiction: the greater the usage, the higher the value of the pass, the cost of using the blockchain is not reduced, but the higher the cost, which hurts the user’s enthusiasm. The ‘dual-currency system’ can prevent transaction costs from being directly affected by the fluctuations in the price of the certificate, thus better meeting the business needs of individuals and business users.
In the case of the only chain, VET is a ‘smart currency’ in the Raytheon blockchain. Developers use it to make smart contracts and Dapps run in the ecosystem. VTHO is used to pay for the cost of using the Raytheon blockchain platform.
VTHO can be generated by holding a VET token. As long as you hold a certain amount of VET, you will receive interest on a regular basis. 1 VET generates 0.000432 VTHO every 24 hours.
VET holders can use the chain only for free as long as the VTHO consumed by the operation is lower than the amount generated. VTHO passes can be transferred or traded so that users can also get more VTHOs to perform larger operations, such as running applications hosted on a chain of Raytheon blocks.
Chasing back to the VeChain history, we can see that its price keeps dropping.
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