An enterprise solutions-focused blockchain is up 15% in the past 24 hours on news of it being added to Coinbase’s roadmap.
Yesterday, Coinbase Assets announced the additions of VeChain (VET) and VeThor (VTHO) to the listing roadmap.
“Trumps added to the roadmap today: VeChain (VET) and VeThor (VTHO).”
VET is worth $0.0188 at the time of writing, up 15% in the past 24 hours. VeThor is worth $0.00122 at the time of writing, up more than 18% over the same period.
VeChain is one platform which uses blockchain technology to provide solutions for supply chain management, product tracking and counterfeit prevention. It operates as a public blockchain using a Proof-of-Authority consensus mechanism and was founded in 2015 by Sunny Lu, a former CIO of Louis Vuitton China. VeChain has partnerships with major companies including Walmart China and BMW.
VeChainThor blockchain has two different tokens: VET and VTHO. VET is the primary token that stores value and enables transactions on the network, while VTHO is a gas token that powers smart contracts on the VeChainThor blockchain.
MBO holders automatically generate VTHO. The amount of VTHO generated is proportional to the amount of VET retained. VTHO is used to pay for transactions on the VeChainThor blockchain.
VTHO is a limited resource that is running out in powering smart contracts. As a result, the supply is constantly decreasing, theoretically making it more valuable over time.
Coinbase’s listing roadmap outlines crypto assets being evaluated for possible inclusion on its platform. The roadmap is regularly updated to reflect new and reviewed resources.
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Featured image: Shutterstock/KDdesignphoto/WindAwake
