THELOGICALINDIAN - VeChainhas enlisted the able adumbration of aNordic God to transform its cast to VeChain THOR The aggregation fabricated the advertisement bygone forth with a host of new partnerships at a rebranding event
VeChain to Rebrand as VeChain THOR
The presentation was fabricated to a baddest admirers but streamed alive on YouTube. Starting off with adumbration that looked like a affiliation of The Lord of the Rings and Blade Runner the video, which runs for about 38 minutes, outlines the re-branding of Vechain as able-bodied actualization its new partnerships.
VeChain’s cryptocurrency, VEN, had a able assuming in aboriginal 2018 authoritative an access of 500 percent in value. This abandoned puts VeChain in the top 5% of cryptocurrency performers so far for the year.
VeChain owes its success in allotment to alms a use case that differs from best cryptocurrency. Instead of actuality a dark coin advised to adumbrate affairs VeChain is accepted as a white coin. A white bread is meant to access the transparency of affairs appropriately creating “a trust-free and broadcast business ecosystem to accredit cellophane advice flow, able collaboration, and accelerated amount transferring.”
This use case which may appeal especially to producers and consumers of affluence appurtenances could be what put VeChain calm with BMW clearly aloof hours afore the advertisement of their re-branding.
New Partnerships Show Strong Support
In accession to the BMW partnership, VeChain has additionally appear a accord with the University of Oxford aimed at acceptable the development of the VeChain THOR platform. South Korean Barter Coinnest additionally added VeChain to its trading belvedere in a absolute authorization to VET barter abacus an added bit of ability to the re-branding of its token.
VEN, in theory, could be acclimated to clue the actuality of appurtenances through the exchange to the purchaser. This is a abundant reassurance in a apple abounding of fakes, and article absurd to do with acceptable currency.
The aforementioned tracking technology can be acclimated in the seafood industry to ensure angle are actuality sourced in acknowledged locations and application accommodating practices. In adjustment to accomplish this end-to-end accuracy appear a microchip has to be installed in anniversary artefact to be logged in the broadcast ledger.
As VeChain becomes VeChain THOR and VEN is listed as VET their blockchain will run on a two-coin system. THOR will be a abstracted artefact from VET which can be acquired through the staking of VET in a wallet. Full instructions and acceptance is accessible at the THOR calculator website.
By abacus the authority of BMW and the accolades of Oxford University there is little agnosticism that as VeChain takes up the bang of the gods as VeChain THOR, it will abide to abound as resiliently as it started.
Image courtesy: YouTube
