VeChain has increased its horsepower today by announcing that MustangChain will utilise the VeChainThor blockchain.
MustangChain is looking to disrupt the more than $300 Billion equine industry to defragment, verify, regulate, and unite all stakeholders involved.
The MustangChain Foundation chose to seek a partnership with VeChain because of their world class distributed ledger technologies and advanced Internet of Things (IoT) solutions. We believe this will make them the leading blockchain of choice when it comes to enterprise and commerce. By implementing these technologies we can easily generate unbiased data and empower MustangChain to provide fraud proof authentication, traceability, and eliminate the national boundaries establishing a globalized equine ecosystem that thrives on the bedrock of transparency.
By creating a blockchain-based solution, MustangChain is a properly-regulated global standard to validate, authenticate, and manage equine identity, historical data, and value/data transactions through the MustangChain Platform and the use of the fraud-proof Sealed Verification System (SVS). This Platform is a one-stop online platform where stakeholders can unite, interact, and easily transact equine merchandise, services, data, and expertise.
The most exciting thing about this announcement for me is that MustangChain Foundation has pledged to raise 100% of its tokens in VET.
VeChain are making huge moves at the moment in terms of real world use, and it's only a matter of time before this is reflected once again in the token price. With the upcoming 1 : 100 exchange in tokens, I hold the firm belief that new money will surge into VeChain.
My reason for this is that new money is often looking for a perceived bargain. Although it makes no difference to the holder, the 1 : 100 exchange would see VET priced at around $0.035 at current market price. This kind of price will encourage newer investors to part with their cash quickly.