In the realm of Cryptocurrency projects, the coins connected with these projects are prone to experiencing market and price fluctuations.
VEN, the Cryptocurrency associated with the VeChain Project has steadily climbed from a February low of around $2.63 per coin on February 6 to above $6.00 in recent trading.
The VeChain Project leverages blockchain technology to create a scalable, trust-free and distributed business ecosystem that is compatible for use in multiple applications.
Gain Control Over Inventory, Ledgers, and More!
One use case of VeChain technology is embedded customized NFC chips that offer tamper-proof and anti-counterfeiting solutions. The chip empowers the company to track the product from using lifecycle management with VeChain blockchain solutions. This interactive chip also allows consumers to learn the unique “story” of the product by scanning the embedded chip using an NFC reader or the VeChain mobile app.
VeChain additionally offers solutions to streamline control of logistics, agriculture, and government by decentralizing the storage of unalterable internal ledgers and other data.
Currently, the VeChain Project is in the process of a network upgrade. The VeChain Blockchain is to get advanced to the VeChain Thor Blockchain. Upon the release, all VEN coins in circulation will get converted to VEChainThor (VET) tokens. VEN is currently available for trade in over 25 markets across several popular Cryptocurrency exchanges.
For more information on the upcoming transition to VET, you can read the official documents regarding the upgrade by clicking here.