VeChain name and logo in purple-blue. In the background man with glasses standing in storage room holding a computer.

VeChain Foundation Spreads Its Wings with Mainnet (VeChainThor) Launch

Jul 1, 2018, 9:00AM
1 min, 37 sec READ

VeChain announces the successful launch of its Mainnet , VeChainThor. VEN-VET token swaps coming later this month via exchanges and VeChain.

VeChain's historic Mainnet launch finally arrived Yesterday with the billion-dollar blockchain officially moving away from its Ethereum roots. The VeChainThor platform successfully migrated and the VeChainThor tokens were finally issued as a replacement option to the original VeChain token (VEN). VeChain has quietly rested in the top twenty of blockchain market cap (#18 - $1.434 billion) with social reception often hindered by the lack of a live Mainnet and the team's general personality.

CEO and Co-founder Sunny Lu took to Twitter for the launch,

Sunny Lu's tweet

The tweet opened the platform for favorable community response,

Positive community response

Positive community response

SafeHaven.io announced its transition to the VeChainThor blockchain, and the influential technology will capture even more names shortly. Early corporate backings for the business-oriented technology bodes well for early success and development of the Mainnet. VeChain already boasts partnerships with Fenbushi Capital, Breyer Capital, and DNV-GL. The next couple of weeks hold a handful of important dates for early supporters, including

  • July 9th: VeChainThor Wallet available
  • July 9th: X-Node Binding services available
  • Mid-July: Token swap becomes available for VET on VeChainThor

The VeChain Foundation will have satisfied investors with early support from exchanges Binance, Bithumb, Huobi.pro, Kucoin, and Coinspot. July's end offers more opportunity for token swapping as the VeChain Foundation will provide ongoing swap services.

VeChain (VEN) has been met with an expected bump to value (about 1.35% towards day end), and that is expected to climb with rising value this month. The ceiling for VEN was limited by reliance on the Ethereum platform, today's Mainnet launch provides the foundation for what may be a landscape-altering couple of months.

 

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.