Vechain
Vechain is a project based in Singapore that is focused on using blockchain tech as a supply chain and logistics solution for businesses. Using RFID chips (think NFC type function) + QR codes that are embedded into products, the whole path from production to consumer can be logged and tracked. It also provides encryption and product certification as well, so expensive or important commodities cannot be counterfeited. The CEO of Vechain is Sunny Lu, who used to work with Qtum (the rumour is they parted on bad terms) and before that was the CIO for Louis Vuitton China.
If this was not amazing enough, they are already collaborating or partnered with the following companies:
BYD - carbon tracking app partnership
This huge and famous Chinese electric car manufacturer (Warren Buffet is a stakeholder in BYD) partnered with Vechain and DNV GL on developing an app for tracking how much carbon emissions are saved driving one of BYD's electric cars (wow these guys aren't dumb). The plan is that drivers will collect rewards in the form of a carbon credit token, which will be tradable for discounts or even goods/services.
Tweet from official BYD account on 06/09/2018 confirming the partnership:
https://twitter.com/BYDCompany/status/1037605045309591552
- BYDCompany
People’s Insurance Company of China (PICC) - Back-end tech solution
PICC is an insurance company that operates in Mainland China. It also happens to be a state owned enterprise so this a great partnership for Vechain to have. PICC are specifically partnered with DNV GL and Vechain to build a back-end data collection, auditing and storage solution using vechain tech. The idea is this will save costs and reduce insurance sale turn around times. Similar to the way that Ripple's tech is being used to reduce back-end costs for the banks; Vechain will help PICC to do the same and these cost savings will be passed on to PICC's customers in the form of reduced insurance premiums.
The official Vechain press release for this partnership can be found here:
https://www.prnewswire.com/news-releases/peoples-insurance-company-of-china-picc-one-of-the-largest-insurers-globally-with-126-billion-total-assets-is-opting-to-embrace-blockchain-technology-with-the-help-of-dnv-gl-and-vechain-300705596.html
Invest Cyprus - Developing blockchain tech on a national level
Invest Cyprus (the national investment fund of Cyprus), Vechain and CREAM have signed a memmorandum of understanding saying that they will collaborate with each other in the future to develop blockchain solutions for the economy in Cyprus (specifically in the area of finance). Here is the official vechain press release regarding the matter:
Tweet from official Invest Cyprus account on 02/11/2018 confirming the partnership:
https://twitter.com/InvestCyprus/status/1058257929390907397
- InvestCyprus
Vechain Ecosystem ICOs
With all these exciting developments and partnerships happening recently, we decided to start looking at some of the new tokens that are also being launched on the Vechain platform. Vechain itself is a modified fork of Ethereum (only about 20% of the original codebase has been preserved) and very much the same way we saw an ICO boom in 2016/17 with ETH, we expect to see the same thing with VET and VET based tokens in 2019/20.
Here is our current list:
OceanEx
This is the official exchange of the VET ecosystem. It is important because there needs to be a place to trade all these new tokens and dapps that are going to be built on the vechain blockchain. The exchange is currently live in its alpha trial https://oceanex.cc/trade/ and there is a trading competition on going too:
OCEANEX CRYPTO CUP - COMPETE FOR 50,000,000 OCE
7-12 NOVEMBER , for highest trading volume
Currently only 6 trading pairs are available on the exchange: BTC/USD, BTC/ETH, ETH/USD, VET/BTC, VET/ETH, VET/USD. We expect the next pairs will be OCE/USD, OCE/VET, OCE/BTC, OCE/ETH very soon.
They have their own OCE token with a total supply of 10,000,000,000 according to their official medium post on the matter. The OCE token can be used for paying exchange fees, purchasing exchange services (market research) and voting. Here are the token statistics as of 8th Nov 2018:
Name: OceanEx
Symbol: OCE
ICO Price: 1 VET = 7.3 OCE (approx 0.0015 USD @ 0.011 VET/USD ON 8/11/18)
Total Supply: 10,000,000,000
Circulating supply: 3,000,000,000
Market Cap: 4,500,000 USD
OCE ICO price was only 0.00150, giving them small cap status with only 4,500,000 usd in circulating supply... not even able to reach 10,000,000 usd.....yet...This is a BUY with price target of 0.00150-0.00500 usd I seriously doubt this trades at 0.0015 usd on launch but if it does I will grab all I can!!
PLAIR
Plair is a gaming coin based in Hong Kong and similar to other gaming tokens such as Enjin coin (ENJ) or Theta Token (THETA). Basically a token that can be earned when playing or watching games or even completing in-game quests for example. Add to this the activity of pro e-gaming tournaments and streaming and you get the picture. They recently announced a big partnership with Axeso5, a company based in Latin-America where they manage internet cafes.
The idea being that PLAIR will plug into the network of internet cafes that Axeso5 control. In fact the official Medium account of PLAIR claims that 7,000 Axeso5 affiliated cybercafés will be using the PLAIR ecosystem shortly:
https://medium.com/plairlife/plair-and-axeso5-confirm-latin-america-partnership-8688f724bfb7
Here are the PLAIR token statistics as of 8th Nov 2018:
Name: PLAIR
Symbol: PLA
ICO Price: 1 VET = 32 PLA (approx 0.00035USD @ 0.011 VET/USD ON 8/11/18)
Total Supply: 100,000,000,000
Circulating supply: 27,500,000,000
Market Cap: 9,625,000 USD
The public token sale is on-going right now over at https://thorblock.io and the ICO price is 1 VET = 32 PLA. It will be completing before the end of 2018 and any unsold tokens will probably end up getting burnt. PLA will be listing on OceanEx within 30 days after the completion of the token sale. The current market cap is still small at approx 10,000,000 usd so lots of room for it to grow.
Conclusion
The first round of Vechain ICO projects are of high quality. They are still priced fairly and some like OceanEx are priced to sky rocket upon launch. Others like PLAIR are well funded, staffed and busy shaking up industries. What do you think? Is OCE priced attractively? Will it jump x3 the first day? How about the value for PLAIR?
All of these vechain tokens will be trading on the OceanEx exchange: https://oceanex.pro
So keep an eye on OceanEx and get ready to rumble!!
Sources:
http://www.epicc.com.cn/
http://www.byd.com/
https://www.prnewswire.com/news-releases/peoples-insurance-company-of-china-picc-one-of-the-largest-insurers-globally-with-126-billion-total-assets-is-opting-to-embrace-blockchain-technology-with-the-help-of-dnv-gl-and-vechain-300705596.html
http://www.prnewswire.co.uk/news-releases/cyprus-to-collaborate-with-vechain-foundation-and-cream-for-fintech-blockchain-development-in-cyprus-698661161.html
https://medium.com/@OceanEx/q-a-51a1da721d02
https://www.reddit.com/r/Vechain/
https://www.plair.life/wp-content/uploads/Plair-Life-Whitepaper-v1a.pdf
https://medium.com/plairlife/plair-and-axeso5-confirm-latin-america-partnership-8688f724bfb7
https://www.reddit.com/r/Plair/comments/9v6266/pla_on_plair_33/
https://t.me/plair_life
Tips -Thank You
EOS: iloveedna555