Enterprise Blockchain Altcoin VeChain (VET) Skyrockets 15% Following Coinbase Announcement
In an exciting development for the blockchain community, a prominent enterprise-solution-focused blockchain has experienced an impressive 15% surge in value within the past 24 hours. This surge can be attributed to the exciting news of its addition to Coinbase’s highly anticipated listing roadmap.
Just yesterday, Coinbase Assets made a noteworthy announcement, revealing the inclusion of not one but two tokens associated with VeChain (VET) and VeThor (VTHO) on their listing roadmap. This significant move was communicated to the public through the following statement: “Assets added to the roadmap today: VeChain (VET) and VeThor (VTHO).”
At the time of writing, VET is valued at $0.0188, having enjoyed a remarkable 15% increase in value over the course of the last 24 hours. Additionally, VeThor (VTHO) currently stands at $0.00122, boasting an impressive growth rate of over 18% during the same period.
VeChain is a pioneering platform that harnesses the power of blockchain technology to provide innovative solutions in supply chain management, product tracing, and counterfeit prevention. Operating as a public blockchain, it employs the highly regarded Proof-of-Authority consensus mechanism. The platform was founded in 2015 by Sunny Lu, a former Chief Information Officer (CIO) of Louis Vuitton China. VeChain has garnered significant partnerships with renowned companies such as Walmart China and BMW, solidifying its position as a leading force in the industry.
Within the VeChainThor blockchain ecosystem, two distinctive tokens play vital roles. Firstly, VET serves as the primary token responsible for storing value and facilitating seamless transactions on the network. Secondly, VTHO acts as a gas token, empowering the execution of smart contracts within the VeChainThor blockchain.
A unique aspect of VET ownership is its automatic generation of VTHO. The quantity of VTHO generated correlates directly with the amount of VET held by an individual. When conducting transactions on the VeChainThor blockchain, users utilize VTHO as the payment medium.
It’s important to note that VTHO possesses a finite supply that diminishes as it powers smart contracts. This inherent scarcity contributes to its potential appreciation over time, making it an increasingly valuable asset within the ecosystem.
Coinbase, a leading cryptocurrency exchange, maintains a comprehensive listing roadmap, serving as a transparent evaluation framework for potential asset inclusions on its platform. The roadmap is regularly updated to reflect newly reviewed and evaluated assets, demonstrating Coinbase’s commitment to embracing innovative and promising cryptocurrencies.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.