VeChain witnessed an unexpected walk in the cost within simply a few hrs after the shock statement made by the among the largest cryptocurrency exchange Binance. The exchange revealed on their official Twitter manage as well as airdrop of 100 million VTHO tokens to all its users.
The airdrop will happen for all users who hold VET on the exchange by August 1st, and also the symbols will be distributed on August 5th. Today, $3 million is the overall market value of 100 million VTHO tokens.
On 26th July, VeChain was trading at a cost of $1.99. The market cap of Vechain was $1.11 billion throughout the preliminary hrs of the day, after which the cost jumped to $1.630 billion. In less than 4 hours, there was an increase of $500 million, inning accordance with reports.
The VeChain finished its mainnet launch formally in June. VeChain majorly intends to build a decentralized business ecological community with products that are completely tracked utilizing a mix of hardware tools as well as blockchain accountancy. The VeChain Thor primary web launch was extremely vital for the network.
On July 19, cryptocurrency exchange Binance introduced on their internet site regarding VEN/VET Mainnet Swap. Deposits and withdrawals of VEN were momentarily put on hold from July 22. They educated, “Please ensure that you leave adequate time for your VEN down payments to be fully refined before this time.”
Binance also pointed out that the trading will be stopped briefly in all VEN trading sets on July 23. Trading was returned to once more for the brand-new VET/BTC, VET/ETH, VET/BNB as well as VET/USDT trading pairs on July 25.