VeChainThor [VET] Defies the Odds, Here’s What Makes it a Hot Investment

VeChainThor is making a lot of developments after releasing its mainnet in June end. Since bulls have entered the market, VET has spiked about 45 percent. With VET going live on Binance, Binance announcing VTHO airdrop, succeeding in LBank public chain breakthrough, constant developments and partnerships coupled with the bull run makes it a hot investment.

Today’s top gainer: VeChainThor [VET]

The majority of the crypto market is running in the red except for a few cryptocurrencies like Tezos (XTZ), Mithril (MITH), Binance Coin (BNB), and Tether (USDT) among a few more. However, the highest gainer of today which is defying all the bull odds is VeChainThor (VET).

At the time of writing, VET has been trading at $2.36 with a rise of 12.79% in the past 24 hours. It is also running in the green in BTC and ETH market as well by 17 percent approximately. The world’s 18th largest cryptocurrency has a market cap of $1.3 billion while managing the daily trading volume of about $9.5 million.

When the bulls entered the market, VET price has been resting around $1.63. During this week, the prices made a constant but steady movement.

However, VET took a surge yesterday when Binance announced the VTHO airdrop. The prices went from $2 to $2.66. After that, there has been a several up and down movements but the price remained in the green. VET price has taken a hike of about 45 percent since it first started going upwards last week.

Also, read: VeChainThor [VET] Wallet Trending on Google Play within a Day of Release

Binance announces 100 million VTHO airdrop, VET goes live

After launching its mainnet on June 30, this is one of the big and most exciting news for VeChainThor community. The top cryptocurrency exchange Binance announced 100 million VTHO airdrop for VET holders.

According to the official announcement,

“To celebrate the launch of the VeChain (VET) mainnet, the VET team has provided 100 million VTHO tokens to be airdropped to all Binance users holding VET.”

“The 100 million VTHO will be split between all users holding VET at 2018/08/01 00:00 AM (UTC). The amount of VTHO airdropped to each VET holder will correspond to their percentage holding of the total VET balance held by all Binance users at the time of the snapshot.”

Also, just recently, VET trading went live on Binance as VeChain Foundation shared,

“We are pleased to announce that @binance will distribute default generated VTHO for all Binance VET holders! For Economic and X Node rewards, you must use your own VeChainThor mobile wallet.”

Notable mentions

According to the latest transaction details, VeChainThor has completed it with 500 clauses that have been made possible by MTT (multi-task transactions).

As per the official blog detailing MTT,

“The major leap lies in the ability to include several clauses together in one transaction, defined by the Clauses field. Putting it another way, the Clauses field is a set of single clauses. This allows a single transaction to have multiple outputs. The Clauses system yields flexibility and power beyond other blockchains.”

Additionally, VET has won the first round of “Public chain breakthrough race” of digital asset exchange LBank.

Overall, VeChainThor is making constant developments and partnerships and with the bull run, it is only going to go higher.

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