VeChain (VET), VeThor (VTHO) Line Up among Strongest Gainers
The price of VET tokens gained ground after the first token was launched on the VeChainThor platform, and VTHO followed suit.
VeChain (VET) showed solid price gains early Wednesday morning (UTC) in a recovery suggesting that its recent slide was excessive. VeThor (VTHO), the asset in which staking rewards are paid, also gained some ground.
VET rose to as high as $0.016 at 2:04 UTC, recovering to the levels at the launch of the new token at the beginning of August, but later lost some ground. In January, the old VEN token hit an all-time high of more than $8, which is equivalent to $0.08 for the new VET token. VeChain is seen as one of the overlooked projects, potentially following the path of another Chinese platform, NEO.
VTHO, the dividend asset, which was airdropped to all VET holders via Binance on August 1, also showed some recovery. Its price rose from lows in mid-August of around $0.0014 to above $0.006 at around midnight before retreating to $0.05 early on Wednesday amid relatively low volumes. The asset is still far from the peak prices of around $0.04 on its very first days of trading.
VTHO is meant to be a reward and to be sold on exchanges. But for now, only one token has been issued on the VeChain platform:
https://twitter.com/vechainofficial/status/1031555315819401216
The OCE token belongs to OceanEx, a marketplace for digital assets using artificial intelligence solutions for security and trading. OCE has performed a New Token Issuance (NTI) -the equivalent of an initial coin offering (ICO) - on the VeChain network.
Participants will have a minimum requirement to buy OCE for at least 50,000 VET, after a whitelisting process of either VEN ERC-20, or VET addresses.
While the token swap for VEN continues on the VeChain official wallet until September 10, KuCoin has already completed the process. The exchange warned users that it no longer supports VEN deposits.
https://twitter.com/kucoincom/status/1031898368304242688
LBank is still available for the token swap, however, the low-liquidity exchange is more risky compared to using the official wallet. Binance is not performing the swap anymore, having updated its system to accept and trade only VET. Owners of VEN are urged not to send the tokens directly into Ledger wallets.
Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.
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