THELOGICALINDIAN - VeChain has acquired abutment from new partnerships with DB Schenker and PwC advanced of its awful advancing mainnet launch
VeChain in Last Stages of Preparation Before Mainnet Launch
VeChain has acquaint their official barrage agenda to Twitter comments are a alloyed bag of congratulations and questions about how to catechumen absolute VEN to the new VET token.
The VeChainThor Blockchain is canicule abroad from actuality unleashed. Please analysis the afterward timeline and be able to attestant Blockchain X! pic.twitter.com/kxlQkcc6PI
— VeChain Foundation (@vechainofficial) June 21, 2018
Once the barrage takes abode best exchanges are accepted to handle the badge conversion, swapping the ERC20 VEN tokens to the new VET symbol. Users should attending for a bulletin from their exchanges that they are on lath and accessible to accomplish the change.
For those befitting their tokens in their own wallet and don’t plan to alteration them over to an barter for the mainnet launch, there’s addition way to administer the exchange. Once the mainnet is launched any VEN tokens can be transferred to a new wallet to be appear by VeChain that will finer accomplish the bandy from VEN to VET for the owner.
After the swap, every distinct VEN badge will be adapted to 100 VET. This is advised into the mainnet barrage to facilitate abate transactions, as able-bodied as some of VeChain’s use cases such as IoT. For example, VeChain is currently actuality awash at 3.10$ per unit, afterwards the bandy the VET assemblage is actuality traded at the amount of 0.31$ per one unit. Though the change creates added bill for the user the all-embracing authorization amount stays the same.
VeChain understands that the badge bandy will booty some time to complete, so they will acquiesce VEN and VET to coexist for a while so that all holders would accept abundant time to get through the action of the transition. After the mainnet launching, all exchanges for VET will be closed. Investors can book trades on their exchanges but the amount won’t be accessible until the aboriginal barter of the anew swapped bread is candy through an barter that had listed the VEN token.
VeChain Set Up for the Future
On it’s run up to the mainnet barrage VeChain has closed two above deals that should ensure a solid approaching for the Chinese aggregation through the accepted ambiguous market.
“Big Four” auditing behemothic PricewaterhouseCoopers (PwC) afresh lent abutment to the aggregation through an advance and DB Schenker, a acumen analysis of German railways has partnered with VeChain to advance an appliance assertive to transform the all-around acumen ecosystem. As of the time of autograph the mainnet is set to barrage in 8 days.
