Vechain Will Be The Next Major Blockchain Success Story

  • In September, Vechain announced partnerships with BYD and PICC; two of the biggest Chinese companies in their sectors.
  • This followed partnerships across various sectors in which Vechain plans to help with blockchain-based logistics.
  • The mechanism of its coin put its value directly on the application of its blockchain; something that the billion-dollar partnerships should help achieve.
  • Vechain’s coin has fallen as its still paired with the crypto market, but it is not a cryptocurrency. This presents an intriguing value buy of an undervalued asset.

On September 23rd, U.S. audiences will get some of their first tastes of Vechain – a Shanghai-based blockchain company. This will come via CNBC’s series “Advancements” with host Ted Danson, as he travels to Shanghai to profile the company and its work. You can read more on that here.

Those in the crypto space probably know about Vechain – it’s coin, VET (VEN-USD) (VEN was VET before a rebrand) currently the 19th most valuable cryptoasset in the market. Each VEN token trades for about one and a half cents; after the company did a 1:100 token split to establish its new systems. But more on that later.

The crypto market has had its “bubble-pop” moment in 2018, seeing many coins trade for just 5-10% of their all-time high values. With the “pop” many believe some coins will go to zero. And with reports that several coins valued in the millions have no working product, this makes sense.

But Vechain does have a working product. It’s a product that the company has been developing since 2014: a blockchain-based ledger that helps record large-scale logistics for enterprises. With an original focus on anti-counterfeiting, Vechain has seen its blockchain idea expand to insurance, automobiles, luxury goods, and more. And it’s being used today – both with physical RFID tags the company has developed, and now in part of a recently announced partnership with BYD to work on a carbon credit system.

If that BYD name doesn’t ring a bell, maybe it should. The company is a Chinese car manufacturer. But not just any car manufacturer. A Buffett-backed, $27 billion valued, largest vehicle battery factory builder car company. The one that’s bigger than Tesla. The top electric car maker in the tope electric car market, boosted by a government that wants to see it succeed in making the world’s next great electronic vehicles. That one. And Vechain is now its blockchain partner in a government-backed program to track electric vehicle use and provide rewards for carbon karma.

And that was just last week’s announcement. The week before Vechain announced a partnership with People’s Insurance Company of China (PICC); one of the world’s largest insurers and holders of +$120 billion in assets. The aim is complex: transform the insurance agency with the help of blockchain. Immutable record keeping, faster data transfers, etc…Vechain can help with all of it.

And those were just September. Both partnerships above involve Vechain’s partnership with DNV GL; the European logistics giant, itself one of the largest companies in the world. This partnership was announced earlier this year and saw Vechain’s token price explode to a market capitalization over $6 billion (or about 7x what it is now). Of course, this is when the crypto market was on its bull tear, so perhaps the news of a legitimate partnership like this; where a logistics blockchain company signs on to help a logistics company store and track its entire fleet, maybe have gotten lost in the hullabaloo.

And these are just three of Vechain’s partnerships. Others include the Chinese government itself, Renault, Kuehne and Nagel, Givenchy, and more (longer list here and here). But there’s another big one worth mentioning and that’s PwC – the global consulting and financial services giant. Vechain is a portfolio company in PwC’s Asian office; and the two have been working hand in hand over the last year to deliver on Vechain’s promise for a blockchain-backed world.

VEN Price and Investment

Vechian’s got the partners. But why would you need VET; and how is it an instrument of investment in this promising project?

VET operates as an asset tied to the Vechain blockchain. But unlike Bitcoin it is not a currency and unlike Ethereum it is not a way to “gas” the blockchain’s usage. Instead, VET is value-creating token. Every VET creates an offshoot coin called THOR (VTHO), which operates a bit like a dividend. The more VET you have the more THOR you are given (same wallet); and there are “node” bonuses along the way to incentivizing holding and accumulating. (In the newly released financial report, the company reported that 65% of supply is in the hands of VET holders).

Though it’s not possible to tell how much VET is currently in nodes (some of which have lock-up rules that likely prevent holders from selling), estimates are over 50%.

But THOR is the value-maker here (while the value gets attributed to VET itself). If VET holders can produce THOR for a reasonable ROI, it attracts buyers to and drives VET price up. How does one get to a reason ROI on THOR? Blockchain use.

And that’s why the partnerships are so important. And why the size of the companies is an important early indicator. Ultimately, what will matter is the size of the company’s use of Vechain’s blockchain, because each time the chai is used, THOR is required. That’s the gas that keeps the blockchain going. The team has established a 21 THOR minimum for any transaction, but likely that will rise. And if BYD or PICC wants to use a thousand transactions per day to establish their data on the ledger, they will need THOR. They can get THOR either by (a) buying it from Vechain itself, which the team has hinted at limiting, (b) buying it on the market, which the team has admitted will require them to tweak THOR supplies to keep this from inflating, or (c) buy VET to produce their own THOR. Options B and C should see VET’s value rise significantly, and option A just legitimizes the chain for future clients. All three seem like a win.

But we’re not there yet. It will take months, maybe years, to get these clients to use the blockchain at the levels in which THOR will be “burned” in the millions (as is produced every day). So that means VET is a speculation investment on the back of these promising partnerships. And at a price that’s really 20% of its peak value, it looks like the most promising blockchain and crypto bet I’ve seen.

Buying VEN

In what may be a simple reason for VET being undervalued at the moment, it’s difficult to buy the cryptoasset with fiat (national currency). You can see VET’s trading pairs here – the top fiat pairing is Bitfinex which one can see has a low volume. Most trading is done through Tether or Bitcoin. I think this gives VET opportunity to grow; as there’s no volume or easy on-ramp (like Coinbase) for USD pairing and still no KRW or CNY or JPY pairings. Same with the Euro and the Pound. (This may be for another article, but this means that VET pricing is still tied to BTC and ETH and the overall market. Which has meant that as Vechain adds these partnerships in mid 2018, the coin has gotten cheaper).

You can trade for VET on Binance (recommended way) or any of the other markets listed in the link above.


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Author: Seeking Alpha
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Is Now Good Time To Buy Litecoin (LTC), Cardano (ADA), VeChain (VEN), Ripple (XRP)?

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With current market bearish, one question many would-be investors want to be answered relates to whether it’s too late to buy Litecoin (LTC), Cardano (ADA), VeChain (VEN), Ripple (XRP).

The 2017 cryptocurrency boom left many early adopters and investors in coins like Bitcoin and Ethereum reaping enormous returns. Some were turned into instant millionaires, and investing in crypto has become one of the hottest investment opportunities out there.

With many altcoins predicted to wither into oblivion in the near future, buying means weighing up options against that possibility.

Litecoin (LTC)
Litecoin’s price movements have been quite disappointing over the years. It hasn’t rallied to hit exorbitant highs as some would have thought. LTC reached a high of $375 during the last crypto boom but is now trading at $118. Though the trajectory is similar to most other top coins, its slow upside moves disappoint.

However, it’s not too late to invest in this coin. Apart from the current downtrend being an opportunity to buy low, there’s another reason for buying it. Litecoin’s technology closely mirrors that of Bitcoin, but it has improved speed and has low fees. It’s, therefore, gaining a lot of attention as a possible alternative where BTC proves too slow or too expensive to use. It also is getting wiser acceptance as a micropayment currency- all pointing to a possible eventual global use.

LTC may drop to a low of below $100 but has the potential to recover to rally to its ATH if market sentiment improves.



Cardano (ADA)
One thing that makes it not too late to buy ADA is its low price that has plenty of room to grow. Just at $0.19, Cardano’s value is far away from its all-time high of $1.25. Although the coin has lost too much in terms of value, it’s expected that the platform’s steady growth will help the prices to rally once again.

The current tough run could, therefore, be taken as a good time to buy ADA. However, if one is expecting quick returns, then its best you check elsewhere, as the strategy here is to go long.

Why is going long appropriate? NO coin can boast having been developed from a peer-reviewed scientific approach. On top of that, the unique Ouroboros protocol and the versatile Daedalus wallet make Cardano one of the most secure coins in the market.
Then the most telling sign that Cardano isn’t done yet comes from its three-pronged approach to developing the ecosystem. IOHK, Cardano Foundation, and Emurgo will likely make the coin reach wide adoption faster than many other altcoins.

VeChain (VEN)
VeChain will launch its VeChain Thor mainnet slightly more than a month from now. By then, if you hold 1 VEN, you qualify for 100 VET. Nothing much will change in terms of value. For example, holding 1 VEN at the current price of $3.46 will get you 100 VET at $.0346.

Once market list VET tokens and trading begins, prices will adjust depending on prevailing market conditions.

Nevertheless, there’s one thing to watch out for: the possible explosion of use cases involving VeChain’s platform. Many enterprises are expected to utilize VET as more partnerships are formed. At the moment, the VeChain team has secured some of the most ambitious partnerships in the supply chain, logistics, insurance, agriculture, and IoT among many others.

The split into a dual token has a lot of incentives for users and could play a role in further adoption and use. The expectation is that demand for VET will lead to a significant price increase for VEN. The demand will be driven by the need to give enterprise users flexibility by maintaining high liquidity. It’s therefore not too late to buy VEN, especially if the team implements the recently released roadmap milestones.

Ripple (XRP)
Let’s understand that between 2015 and the market boom last year, the value of XRP rose +3,500% from $0.02 on January 2, 2015, to $3.84 on January 4, 2018. For anyone who had got in earlier than then no doubt reaped huge returns. It, however, has tanked to the current $0.62 against USD. Can its value rise again to close in on the all-time high figure?
Ripple (XRP) is a crypto much capable of getting to new highs at prices, with recent expansions making it very possible. The massive efforts of the team at Ripple Labs have resulted in some impressive partnerships. It is expected that these partnerships will play a big role in increasing XRP demand and thus its value. Banks and financial institutions remain XRP’s main hope of penetrating the cross-border payments sector, and there are some solid moves with the xRapid platform.

Fintechs and other MSBs could be the path to XRP’s price explosion. However, the crypto faces a lot of other pressures including regulatory uncertainty that affect sentiment. For XRP, reaching the $3.00 level is a bit tricky, unless the cloud clears. However, it’s possible to realize better prices than the current ones.

Conclusion: it’s expected that most of these coins will regain some portion of the lost value when the market turns bullish. However, it doesn’t guarantee long-term price gains. Thus, before you invest, consider the attendant risks and be open about your expectations.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: MaxPositives
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Crypto Coins: Top 5 Winners!

 

After the first bearish quarter for the crypto market since Q3 of 2016, the second quarter of 2018 has started with a much-awaited rebound.
Here are the lists of best and worst performing crypto coins among top 50 coins by market capitalization this year.

 

Bytom (BTM)
Bytom was launched via an Initial Coin Offering (ICO) that began and ended on the 20th of July, 2017, capturing over USD 2.28 million in token sales.
Bytom is a fully-fledged blockchain protocol designed to synergize artificial intelligence with blockchain technology. The goal of the project is to create what is called “heterogeneous by-assets that can operate forms on their own blockchain within the wider Bytom network”.

Ontology (ONT)
Ontology, a blockchain distributed ledger network, launched on November 27, 2017, by a Chinese company, OnChain. The Ontology platform employs a dual token (ONT and ONG) model. Ontology is one of the newest cryptocurrencies to be introduced into the market and it has been doing well in 2018, with the price getting to as high as USD 4.18. The advantage Ontology has over others is that it is listed on Binance, the world’s largest altcoin exchange.

Loopring (LRC)
Loopring is a decentralized and open protocol. It is not an exchange, but it is a code that links together exchanges and allows trading between them, managed by smart contracts, which is what makes them unique. It launched its ICO in August 2017, capturing USD 45 million over a two-week period. The Loopring ecosystem consists of different elements that work together in order to deliver full exchange functionality.

RChain (RHOC)
RChain wants to become a blockchain solution with industrial-scale utility. In order to do this, “RChain must provide content delivery at the scale of Facebook and support transactions at the speed of Visa”, according to the website of the project.
RChain architecture was documented in July of 2016.

VeChain (VEN)
VeChain is a blockchain service company poised with a mission to build a trust-free and distributed business ecosystem in order to enable transparent information flow, efficient collaboration, and high-speed value transferring. It was founded in November 2015.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Priyeshu Garg
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