So, Binance announced that with the launch of VeChain mainnet they will be participating in project's token swap (erc 20 VEN to VET (the token running in Vethor Blockchain) at the ratio of 1:100. 1 ven = 100 vet)
I like the company's business-oriented approach and business-oriented dApps + use cases. It may really enhance the process of blockchain tech mass adoption - something I personally very excited about.
Something solid that was announced earlier this year - VeVid app used within VeChain ecosystem to validate participants identity, to go with KYC and build regulatory compliant processes. Another app - VeVot, voting for businesses. And VeSCC was announced — an application for the certification of smart contracts built on the VeChain blockchain.
Sounds like the team has everything in place. And going along with their roadmap.
But since Vet supposed to be 100 times cheaper there might be pumps and dumps happening with the newly launched token on the future. And some troubling signs can be traced already. Huge dump (almost half of mil of Ven) couple of days ago to lower the price before binance swap announcement.
What's your take on Vet future? Is someone running a masternode?
PS found this token swap guide - seems quite handy for those who's not thrilled with an idea of keeping tokens on the exchange