VeChain is causing a lot of anxiety in the market following its latest announcements. The company recently announced that it will be launching its two-token network, a white paper and a new governance structure. With just weeks away from the official launch of the VeThor reward system, the company launched the whitepaper and other development agendas so as to prepare its supporters.
Currently VEN has its market price at $4.55 for the last one week. However, the token is very volatile and tends to lose in volume on certain days. Its price has ranged between $4 and $5 for the last one week. Interestingly, since the launch of VeChain on Binance, many traders seem to have shifted their attention to LBank exchange.
Recently VEN experienced a sharp increase in price making it one of the most sought after tokens on Binance. The coin has significantly changed its trading profile over the last few days.
VeChain listed on Zebpay Wallets
Zebpay, a popular Indian exchange announced that it had listed VeChain to its wallets. Zebpay wallets will start trading VEN effective 22nd May. VeChain is an Ethereum blockchain technology that runs on ERC20 tokens.
There are very scanty details on how the VeChain will migrate. The new asset is however expected to be split into a bigger number of coins so as to make accounting much easier as well as avoid counter-intuitive fractions of coins. Every VEN token will be given 100 at the launch. This is aimed at simplifying the process of allocating the VeThor reward tokens.
Even before the official launch of VEN, VeChain announced an ICO whose main purpose is to raise money as well as exist on this precise blockchain. The Pair ICO is a system that is designed to reward players for their connections, achievements and presence on the platform.
Zebpay was the first exchange and was launched in 2012 by Mahin Gupta and was then called Buysellbitco.in. With its headquarters in Singapore, the exchange has operational offices in India. The exchange changed its name to Zebpay in 2014 and hired new staff.