On the 20th of August, the CEO of VeChain (VET) Foundation – Sunny Lu, hosted a live stream session on YouTube in order to keep the community of the blockchain project engaged and to inform them on the latest update of the platform so far.
The Progress of VeChain (VET) Foundation
The live stream detailed the progress of the Foundation with regard to the launch of the Mainnet and the future of the VeChainThor blockchain. The CEO started by saying that the support from the community has greatly motivated the team at VeChain, helping them to achieve more success.
VeChain (VET) Price Today – VET / USD
Sunny Lu also said that Ledger now supports both VeThor (VTHO) and VET transactions plus the function of observation. A total of 220,000,000 VET tokens have been given to X Node holders, and users in the daily lucky draw have been awarded a total of 60,000,000 VET tokens.
The CEO added that these initiatives are carried out to provide benefits to the community of VeChain (VET) as a gesture of appreciation. Besides trying to enhance the features of X Node holders, the development team is also working to improve the features for Economic Nodes. Sunny Lu believes that the foundation community for the blockchain project is the Economic Nodes.
The CEO further said that “the ongoing token migration and Mainnet launch indicates that VeChain (VET) Foundation is quite a unique blockchain project. He said they are not like other blockchain projects, and they are focused more on use-cases and figures that indicate use cases. Currently, over 90 percent of the ERC-20 tokens are being migrated to the new blockchain. This means over 31,000 active addresses on VeChainThor.
VeChain (VET) Price Today – VET / USD [ccpw id=”20317″]
At the time of writing, VeChain (VET) is trading at $0.0144 after an increase of more than five percent over the past twenty-four hours. The current market cap of the digital currency is $798.32 million and its trading volume over the past twenty-four hours is $37.49 million.