VeThor Token News

Now that i received my binance airdrop, should I transfer to the wallet?

If so, which wallet is it that generates Vthor?

The VeChainThor address 0x3f7a31b544a0517060fc394e3058942a7f7a307f, you have won the 4th X Node designation! Please be reminded, the designated X Node follows the same requirement and rules of other X Nodes. We will be selecting one more winners, so stay tuned!

Source: telegram

Hi,

i am in the middle of doing the token swap with mobile wallet, i am getting an issue where when i send the test 0.01 amount to the swap address it seems to be turning up as 0.000001 and not registering.

This is where i realize im probably a fool and doing something wrong.

If someone could advise or point me to where i could get some help with this that would be great.

Thanks.

As the title suggest, I have read every guide and have searched far and wide for the answer.

So MyEtherWallet has identified my "VEN" as "VET". I can't seem to get it to correctly identify it as "VEN" even using manual import methods.

The problem is, when using the VEN to VET Token Swap feature of the "VeChain Thor Mobile Wallet' it does NOT detect the transaction when I send it VEN (which MyEtherWallet Identifies as VET) to the temporary address they give me.

What are my options here? Any help would be greatly appreciated!

Saw this map in the latest Mini App the foundation was doing for Qixi, the text reads loosely translates into "Love confessions are securely stored on Vechain Thor network in 101 nodes"

Anyone think the locations on the map are accurate or just a placeholder?

http://imgur.com/JfhPS1U

Anyone know when? Seems odd its taking so long for one of the best exchanges to make it happen.

So i know to have any kind of Node you needed it locked up a few months ago but I saw some posts saying that there is a lottery for 6 "lucky X-Nodes" if you have 600k Vet in your wallet for snapshot. Is this currently still available?

Is there any other nodes available ( a family member and I could put ours together and make a Strength Node 1M Vet). Please let me know I'd hate to miss out on the possibility of a Node. Thank you very much in advance!

Sorry if this is a duplicate question but just trying to get a concrete answer.

https://www.vechain.org/#team

Hey Guys,

as the titel says every single VET trading pair dissapeared from LBANK. Anybody knows why? The most important pair VTHO/VET (from which over 95% of VTHO volume came) is gone.

CCM shows it has been updated 17 hours ago with the last VTHO/VET price:

https://coinmarketcap.com/currencies/vethor-token/#markets

Nobody talks about this.

Whats the matter? Didnt VET win the competition and become like the exchanges main coin or sth?

Thanks for any useful info.

I'm sure this has been covered somewhere, but I have been out of town lately and would like some clarification. I have my VEN stored on my ledger currently. Do I need to do anything with it, or can I just leave it there? I am not an X node holder, just don't want to lose my VEN.

Thanks for your time to respond!

I was under the impression that the daily Lucky Draw was running through the end of August, but there hasn't been a new draw in a full 4 days. Did I miss something?

Edit: Yep, just missed something. My bad, thanks for the help guys! :)

For those who don't know what MPP is read here first:

https://medium.com/@vechainofficial/introducing-the-vechain-multi-party-payment-protocol-525daf1bee7

Basically MPP allows a third party to deal with the crypto part of a transaction so that end users won't need crypto for transactions. They could just use fiat.

In the above article it says:

Another option is to let this occur on second-hand markets that facilitate the transfer creating entirely new marketplaces.

Does this mean buying VET/VTHO at market prices from exchanges, like Oceanex? So someone could be paying a shop owner with fiat, and actually be making a purchase of crypto on an exchange, and the crypto being used to pay for the transaction to the shop owner. If so those market sales would drive VET and VTHO prices up.

I responded to a user yesterday with doubts about VET's valuation, and I thought it merited a post and a bit of an expansion on the point. VET will overtake Ethereum, and here is a very small example of why.

Ethereum this year is averaging about 750k transactions a day. The vast majority of these transactions are for trading and ICOs, DAPP usage is very low. To give you a perspective on this, the top 100 Dapps running on ETH have less than 200k monthly active users, Snapchat alone has 200 million. Nothing but respect for Ethereum, but it has fundamental design problems that make adoption difficult if not impossible for a business. And this is the point, VeChain has analyzed, dissected, and solved these problems by doing what successful tech companies do, leading with the use case, not the tech.

Now, why will VET overtake ETH, and why is this effectively a certainty in my book? Let's look at one small example. I could model this properly, but I am going to keep this very simple because I want everyone to truly see the sheer scale of what we are talking about with what is coming with VeChain, we are going to be very conservative and look at just one partner China Tobacco.

China Tobacco had 172 Billion in sales last year. Let's say their average sale price was $4 per unit. This comes out to 43 billion units. Let's go cheap, let's say it cost 1 cent to track each product. 43 billion units times $.01 times 25% adoption rate, that comes out to $107MM. Let's keep it simple and ignore cyclic elements, cash flow discounts, etc. and say this is normalized on a daily basis. That is $294k a day in usage on about 120MM products a day x # of touchpoints.

Possible Touchpoints:

1) Rolling Paper Origination

2) Filter Origination

3) Tobacco Origination

4) Day of Product Creation

5) Day of Product Shipment

6) Transportation Data (counting as 1 data point, likely many)

7) Delivery Confirmation

8) Box Confirmation, Carton Confirmation, Pack Confirmation at arrival.

9) Point of sale confirmation.

That is ~1.1mm transactions per day, 9 x 120mm. At a conservative estimate of China Tobacco's product line. This means, China Tobacco alone could easily account for a million transactions a day, at these highly conservative estimations, compared to 750k total transactions a day on Ethereum . China Tobacco alone could overtake Ethereum's usage.

When I tell people about VeChain, I don't do so because I want to hype or shill a coin. I tell people about VeChain, because I have modeled them (BI Engineer/Data Scientist) 20 different ways, and there is absolutely no way I see them failing. I see VET as a transformational technological force about to be unleashed on the world, and I truly want people to be able to take advantage of what I believe is about to unfold.

When you hear FUD, consider asking OP to show you their math. VeChain has the most legitimate chance of taking blockchain mainstream in this entire space, in terms of usage, and I include bitcoin in this. VET is going to overtake ETH, it is not a matter of if, but a matter of when. We examined one use case, from one partner, at highly conservative levels. Ask yourself, do you really think this represents their potential?

My 2 VET.

edit: Typo of $170 to $107

On GitHub, anyone can download and install the VeChain Thor Blockchain and interact with the API.

My question is, why would someone want to do such a thing and what’s the benefits of such?