Vechain Saw A Record-Breaking Figure on The VeChainThor Network After Partnering with Walmart China

Vechain is currently one of the most talked about digital currency project in the crypto industry. The recent Vechain news has got many talking and more digital asset investors are now attracted to the digital currency. Vechain recently achieved a major milestone. On Thursday, the blockchain of VeChainThor crossed a major adoption milestone by hitting one million clauses. The record-breaking statistics posted by the blockchain was two times the number reported on the 7th of January, which was slightly over 500,000 clauses.

Vechain Achieves A Major Milestone Which Signifies Increased Activities – Vechain News Today – Cryptocurrency News Today

The significant increase in this number shows that the activity on the blockchain has increased enormously. This is indeed a great achievement for the blockchain project as it appears more digital asset investors and blockchain developers are now running to the project. The blockchain of Vechain also recorded its highest number of daily transactions earlier this year, with transactions in just one day at 115,879. This is the highest daily transaction the Mainnet has ever recorded.

Vechain Partners with Walmart China to Further Boost Its Dominance – Cryptocurrency News Today – Vechain Price Prediction 2019

Vechain is one of the top leaders in the supply chain logistics industry. The firm aims to greatly transform the way data is reported, transferred and stored. Vechain has secured a lot of strategic partners over the years. The most recent partner on the list of Vechain is Walmart China. Some of its recent partners are leading Italian wineries and Haier – Chinese consumer electronics giant.

Walmart China is set to use the blockchain of VeChainThor to track food via its supply chain. The firm aims to sole real-life challenges of identifying and getting rid of tainted and fake goods on a large scale. In a joint venture with Vechain, Walmart China, PricewaterhouseCoopers, cattle firm Inner Mongolia Kerchin and China Chain-Store & Franchise Association, the blockchain of VeChainThor will power the Walmart China Blockchain Traceability Platform (WCBTP).

According to a report, the initiative is aimed at tracking 50 percent of the packaged fresh meat of Walmart, 50 percent of the vegetables it packs, and 12.5 percent of all seafood sales on the platform by the end of 2020.

Vechain Is Set to Buyback VET Tokens Worth $25 million – Will This Boost the Price of Vechain (VET)?

A recent announcement by the crypto project reveals that it wants to continue with its plan to buy back its native currency VET worth about $25 million. The plan to buy back some of the tokens is part of the firm’s strategy to provide financial support for projects to continue operating on the blockchain of VeChainThor. In the next few months, Vechain will buy back VET tokens worth not less than $5 million. According to the firm, they will send all the acquired VET tokens to a public address for transparency.

VeChain (VET) Price Today – VET / USD

Vechain Price Analysis – Vechain Price Prediction 2019 – Vechain News Today – Cryptocurrency News Today

Vechain is currently the 30th largest digital currency by market cap according to CoinMarketCap. The price of Vechain surged enormously after it achieved this great milestone. VET USD price rose by more than 30 percent. At the press time, VET USD live price is $0.0077 after an increase of about five percent over the past twenty-four hours. The digital currency is currently supported at $0.0075. On the upside, the immediate resistance of the coin is at the $0.008 mark.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.