VeChain (VEN,VET) prepares for the launch of its two-token network, with a renewed white paper and governance structure. In the weeks left to the launch of the VeThor reward system, the project prepared its supporters with a new white paper and set of developmental goals.
https://twitter.com/vechainofficial/status/998196915421429761
For now, the VEN market price hovers around $4.55, almost without a change since last week, but adding around 5% in the past day. However, VEN still displays volatility, and the loss of volumes on some days. For a few weeks now, VEN has been more subdued than usual, hovering between $4 and $5. What is curious is that after an active launch on Binance, now most VeChain trading is concentrated on the LBank exchange.
Previously, price spikes saw VEN as one of the most active assets on Binance, but now, the trading profile for this coin has changed significantly.
!VEN!
VeChain is yet another project that is expecting a mainnet launch this summer. But so far, few details have been shared on how the tokens would migrate. One thing is certain, however, the new assets will be split into a larger number of coins for easier accounting, and avoiding counter-intuitive fractions of coins.
https://twitter.com/vechainofficial/status/997548414912073733
Each VEN token will be rewarded 100 units on the upcoming mainnet. The move will also ease the allocation of VeThor reward tokens.
But even before the launch, VeChain saw the first ICO intending to raise funds and exist on this precise blockchain. The Plair ICO is a system built to reward game players for their presence, achievements and connections.
As an additional boost, the up and coming Indian exchange, ZebPay, has added VEN:
https://twitter.com/cryptoinsaider/status/998472823810265088
However, unlike TRON, it is unknown if exchanges would assist with the new token allocation, or if they would distribute VeThor rewards, in the way some exchanges distribute Gas for NEO holders.
This article appeared first on Cryptovest
