VeChain to be Getting Ready for X Node Snapshot

According to the developers, at the moment, there are a lot of wallets within 1 to 5 VET away from being classified as an X Node.
19 March 2018   370

Snapshot of the VeChain block, that will bring X Node to certain group of users will be taken at 12:00UTC+8, 20th of March 2018. To obtain a node, potential operators must have on their account 6,000 VEN tokens (VET after re-branding). According to the VeChain Foundation, at the moment, there are a lot of trackable wallets within 1 to 5 VET away from being classified as an X Node.

In the future, users will be able to claim only the status of the operator of the initial node of VeChain or higher, but for this they will have to have as minimum 10 000 VEN.

The VeChain nodes will bring their owners a new digital asset called VeThor, whose price is still unknown. New nodes also have to pass the waiting period. Users who receive the corresponding status right now will have enough time for this.

In the near future, the main VeChain network should be launched.

VeChain Price Chart
VeChain Price Chart

At the moment, 19.3.2018, these are main VEN market parameters:

  • Average Price: $3.64
  • Market Cap: $1 843 584 792
  • 24h Volume: $83 292 400

KuCoin Reduces Minimum Withdrawal Amount

KuCoin announced that the minimum withdrawal amount for VEN token has been reduced at the users request
12 April 2018   117

On April 12 KuCoin cryptocurrency exchange announced that the minimum withdrawal amount for a very popular VeChain token has been reduced from 50 down to 10. That was done because of multiple requests of users who were asking for the minimum amount to be reduced in order to make the trading on the platform more convenient.

VeChain withdrawals from KuCoinVeChain withdrawals from KuCoin

Judging by the users' reaction to the announcement on Twitter, the news was not really welcomed warmly by the community, as a lot of people were excpecting also the withdrawal fee to be reduced. Previously, we have reported that KuCoin exchange temporarily disabled Bitcoin Private withdrawals due to some technical issues with BTCP wallets.

At the moment of press, these are main market parameters of VeChain:

  • Average Price: $3,16
  • Market Cap: $1 659 025 218
  • 24h Vol: $84 745 600