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   941

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

VeChain Partners with Chinese Advisory Services Company

Pricewaterhouse Coopers has acquired an ownership interest in VeChain
04 May 2018   510

On May 4, 2018, PwC Hong Kong and PwC Singapore announced their partnership with VeChain, and in connection with the business relationship, PwC Hong Kong and PwC Singapore have each acquired a small ownership interest in VeChain. 

PwC China provides industry-focused assurance, advisory and tax services to public, private and government clients in all markets. PwC Hong Kong is currently in discussions with VeChain to provide trust based services on the VeChain platform, which will require the use of VeChain Tokens to access and perform transactions on the platform.

We are glad to establish a deeper relationship with VeChain, which aims to build a trusted and distributed business ecosystem to help address long-standing challenges in supply chain management, food trust and anti-counterfeiting areas. VeChain’s mission aligns with PwC’s purpose of solving important problems and building trust in society.

Raymund Chao

PwC Asia Pacific and Greater China Chairman

Previously we have reported that VeChain had announced its partnership with Shanghai eGrid Consulting Co., an enterprise resource planning (ERP) consulting service provider.