VeChain Foundation Begins The First Phase Of The 25 Million VET Buyback Plan, VET Coin Trades In Green

VeChain News Today – The VeChain Foundation is one of the most dedicated bodies in the cryptocurrency ecosystem. When it comes to promoting the growth and development of the VeChain blockchain and ensuring the future of the VET token, the VeChain Foundation is at the forefront. This is why it has been able to seal many VeChain partnerships that are all aimed at ensuring massive adoption of the blockchain. The VeChain Foundation recently celebrated one year anniversary of the VeChain mainnet launch. To mark the anniversary, the VeChain Foundation announced that it would buy back 25 million VET tokens. Yesterday, the VeChain Foundation took to Twitter to announce the first phase of the VeChain buyback plan.

VeChain News Today – VeChain Latest Update – VeChain News Today – VeChain Buyback Plan Phase One Commences Amid

The VeChain buyback plan announcement was made right after the VeChain Foundation announced that it would be teaming up with Walmart China to ensure transparency in the supply chain of some products. Using a platform designed by Walmart in association with VeChain and PwC, customers will be able to get their product history by using their phones to scan the barcode of the product. Information about the entire supply chain process including the place of origin. While the VeChain community was still celebrating the VeChain partnership with Walmart, the VeChain Foundation announced the 25 million VeChain buyback plan. Taking to Twitter yesterday, the VeChain Foundation announced that it has initiated the first stage of its plan. The tweet was as follows;

VeChain (VET) Price Today – VET / USD

Name Price24H (%)
Bitcoin (BTC)
$10,768.00
2.04%
VeChain (VET)
$0.006107
4.52%

“VeChain kicks off the first phase of the $25 million VET buyback plan. Over the next quarter, VeChain will purchase no less than $5 million USD worth of VET from the open market. All VET acquired will be sent to a public address for transparency.”

In this phase, $5 million in VET tokens will be purchased in the open market. This is going to increase the level of adoption of the VET token. Let’s not forget that Amazon Web Services Recently welcomed VeChain. About three days ago, the news was made public by users who were thrilled about the support for VeChain. One of the users posted;

“All Amazon Web Service email subscribers in China got this in their inbox today – “VeChain enters AWS partner program (APN), becomes a tech partner, and will receive tech, marketing, and many other areas of support from AWS.”

VeChain News Today – VeChain Latest Update – VeChain Price Prediction 2019 – Current Price Of VeChain

At the time of writing, the price of the VeChain VET token was $0.007533. This means that it is up by 0.83% against the USD and 0.04% against the price of BTC. The trading volume over a 24 hour period is $49,022,903 and the market capitalization is $417,767,907. Even if the price of VeChain hasn’t been able to move and stay above the $0.01000 level, it has been doing well over the last few days due to all the positive developments surrounding the release of the VET token. If it is able to gather enough momentum, it may test the $0.0900 level before the end of the month.

What do you think about the VeChain Thor price prediction 2019 in our VeChain news today? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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