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Posted byVeChain Rep6 months ago
ArchivedModerator of r/Vechain
Announcement

VeChain All-in-One Thread

Last updated: Feb 22nd 2018

You can PM me with info you think should be listed here!

Latest edit will be marked in BOLD

If you find this thread useful, please upvote


VeChain’s vision:

Building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration, and high speed value transferring. (VeChain is Much more than anti-counterfeiting)

VeChain Non-White Paper (Please please please read it, you’ll get the whole picture)

VeChain Official Site (Click upper right corner to switch to English)

News

Sunny talked about Venezuela's petro-cryptocurrency on CNBC

VeChain Technical AMA — Hardware Questions Part 1

VeChain COO,Kevin Feng, spoke with over 35k Chinese community members about blockchain mass adoption

VeChain CEO Sunny, meets Alexander De Croo, Deputy Prime Minister of Belgium

VeChain partners with the 188 Business Alliance Association for cross-border business operations

VeChain’s First Official Public Infrastructural Decentralized Application — VeVID

VeChain starts to show its hardware capabilities & CTO Mr.GU owns more than 100 patents

VeChain reminds no association with FUSION and its founder

VeChain second community initiative, a Slogan Competition!!!

Michigan State University has been selected as the first VeResearch participant

Breyer Capital has agreed to support VeChain through an official advisory role

VeChain has passed the first Cryptocurrency Disaster Recovery Plan (CDRP)

VeChain Work with National Level Government Body State Tobacco Monopoly Administration

Part II: VeChain CEO, Sunny Lu’s Silicon Valley Live Blockchain Lecture

VeChain THOR Power Forged AMA Transcript

VeChain Apotheosis: The Beginning!!!!!!

VeChain Announces a joint partnership with @QUOINE and listed on QRYPTOS

10 global senior partners from #PwC visited #VeChain Shanghai Office

VeChain Financial Executive Report Vol.1

VeChain CEO Sunny LU Q&A

Videos

VeChain Medical & Healthcare Solution

VeChain Community Video Contest Most Popular - VeChain: Refining the Interconnectedness

VeChain Community Video Contest 1st place winner - VeChain: An Introduction

VeChain Tech Sneak Preview

VeChain Cold-chain Logistics Solution

Vechain (VEN) in a Nutshell

Boxmining Daily: Biggest Bubble Ever? (Mentioned Gui'an SEZ potential enormous long term influences)

Boxmining: Vechain (VEN) discussion with Suppoman

Vechain / VEN - Blockchain Solutions For Logistics and Counterfeiting

Koreanjewtrading: Vechain ( VEN ) Re-brands to Thor (VET) , Masternodes, New Partnerships, Moon coming?

Coin Contenders: VeChain ( $VEN ) bigger than Walton, Neo, Qtum?

Undervalued Cryptocurrencies: Vechain (VEN) - YouTube

Shanghai Office

Hello from Sunny, Noah and Shanghai developer team! (40+ people!)

A quick tour of #VeChain Shanghai office

Pics of #VeChain’s first meetup @Shanghai office

Press Coverage

Media giant Al Jazeera talks blockchain with VeChain CEO Sunny Lu

Jerome Grilleres (EU GM) talking with Cointelegraph about VeChain!

BlockShow Asia Reveals: How VeChain Will Change Luxury Market

Blockchain is shaking up O2O in China

CryptoBriefing.com review on VeChain

Blockchain is revolutionizing the business world… Bussiness Insider

The Rowlingstone Weekly Report

Hands On

VeChain Shanghai Office Tour

When VeChain meets Recolte - YouTube

How to use VeChain App to verify authenticity of products? - YouTube

VeChain Smartchip Automation Workstation

VeChain Android App

VeChain iOS App

Business Clients & Partnership

VeChain Signs A Partnership Agreement With Yida Group’s IT Management division, Yida Future

VeChain partners with iTaotaoke, an online self-publishing content platform

DNV GL partners with VeChain: raising transparency through blockchain | Video

VeChain Partners With InfoCorp’s Sentinel Chain To Provide Cross-Chain Interoperability To Help The World’s Less Privileged

Breyer Capital as an official advisor

Fanghuwang, one of the fastest growing online lending platforms in China with $3.3bn AUM

VeChain’s National Level Partnership

Hubei Sanxin Cultural Media Ltd.

BitOcean

Healthcare Co. Ltd

Xiamen Innov Information Technology Co Ltd

A Global Convenience Store Franchise

Looking Into Who Is Jiangsu Printed Electronics

VeChain teams up with Madeforgoods | CN press release

VeChain affirms partnership with China Unicom

Global strategic cooperation with DNV GL

Groupe Renault teams with Microsoft and...

World’s Largest Freight Company to Use Blockchain Tech for Asset Management

PwC CN: VeChain S.E.A. becomes a portfolio company of PwC’s incubation...

Babyghost and VeChain: Fashion on the Blockchain - Nasdaq.com

China’s Largest Wine Importer Wants to Place Wine on a Private Blockchain

Bright Fishery (officially announced in weekly report vol.6)

Policy

The liquor tracing platform VeChain developed for...D.I.G is sponsored by the Shanghai local government

The General Office of the State Council of China has publicly released “The instruction on...supply chain innovation

Misc.

VEN Circulating Supply Statement

VeChain’s 277 million circulating supply…

VeChain Insights

Fan Made

VeChain Thor Is Positioning to Become THE #1 Enterprise dApp Platform, and Here's Why - A Systems Analyst's Perspective

The VeChain Partnerships Infographic

VeChain Node Predictions

VeChain Review by Anthonie Verweij

Partner Analysis

A look at DNV GL, the best partner in Crypto

A Deeper Dive Into VeChain Masternodes!

The World Leader Kuehne & Nagel and its partnership with VeChain

PwC is an exponential force in VeChains global appeal

Why VeChain Can Break Into A $30+ Billion Industry And Be A Smart Agriculture Giant BABYGHOST, FashTech, and VeChain

VeChain and Direct Imported Goods (DIG)

Why is QRYPTO a good thing for VEN?

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Has anyone even proofread the "VeChain Non-White Paper"? Not only is the English absolutely horrendous but it reads like a 5th grader wrote it. Surely a project of this scope/scale could hire someone who speaks English?

This also had me instantly question going in on this...

What part of

very time we site together, discuss and conclude "the only thing that does not change is change itself", just like a poet.

is sketchy to you? Besides, you know, all of it.

26 points·4 months ago

It has been confirmed in the recent AMA that the whitepaper will be rewritten as part of the rebranding process

Will it be a proper white papier though ? Or still a "non-whitepaper". I know a lot of people see the lack of whitepaper as a major red-flage. Legitimate doubt or not, that's a fact.

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holy shit that's some terrible r/engrish

Here's a sneak peek of r/engrish using the top posts of the year!

#1: Found in Malaysia. | 182 comments
#2: Just five more minutes, Mom. | 56 comments
#3: Too harsh a punishment? | 52 comments


I'm a bot, beep boop | Downvote to remove | Contact ^^me | ^^Info | ^^Opt-out

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I had the same concerns at first. However Jim Breyer (Breyer Capital) investing in Vechain and accepting an advisory role at the company is of much greater significance imo. Also all partnerships they announced last couple of weeks are confirmed by both parties. Call me naive but at this stage in developtment i dont care that much about the white paper

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The 5 VEN withdraw fee on Binance needs to get adjusted. Time to start flooding their support to get it lowered.

Yeah, I’ve already paid that about 4 time over, starting to hurt a bit

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44 points·4 months ago·edited 4 months ago

I want to give everybody some perspective. Everybody is talking about walls, and some people are panicking.

On Jan 1st, Vechain opened at 2.30. Today it is at 6 bucks. That is 2.6x in 2 weeks. If we can keep this rate up, in a bit more than a year from now, I'll pay off the US national debt (20 trillion dollars) with one vechain token, And every single person here who holds will have made more money in one year than the global GDP.

What I'm saying is, this is flat out impossible. It can not happen. 2.6x returns every 14 days CANNOT happen forever.

Lets assume we start the year at 2.30 and end the year at 200 (this is beyond my most optimistic estimate). Every 2 weeks we would need to gain 22%. Which means if vechain was 2.81 we would be on pace to hit that goal.

The first 2 weeks of this year have been AMAZING!! We might get a few more exciting weeks. I think with some announcements there will be weeks we go up 50%, but there are also going to be weeks where nothing happens, or it even goes down I'm in vechain for the long haul, and I'm not sure why so many people are acting like the sky is falling. I realize some here may have bought at 7, and its scary, but I think vechain has the potential to be great for 2018. Just stick around, I think you will be happy. I've tried day trading, and realized I suck at it. My best returns have come when I researched, found a project I believed in, and stuck with it.

Well put! I have been reading these threads day in and day out and it's baffling to watch the impatience. Hope you don't mind if I piggy back some thoughts here. If you look at the market as a whole there hasn't been a ton of movement as a whole with the upper coins. Wall Street is still sleeping after the holidays and bonuses are starting to be issued. The only thing I will say is that there should be some gratefulness with the price suppression. The whales haven't been dumping the coin by 20-30% and it feels like they let it grow when they so choose. I hate manipulation but I'm slightly okay with it in this case. That 100k wall has seemingly been there stabilizing the price. It just kind of moves with the ocean and every once and awhile it opens the flood gates and we grow a healthy bit. If that cluster wanted to do some harsh damage it certainly could. I can't believe I am saying this but with all of these companies and hopeful investors coming into this project I personally think it is for the best that the price stays steady. It can have short bursts but if it just has pump and dumps like 97% of the crap coins out there, it becomes a scary asset especially sitting as a coin flirting to break the top 25. It can be seen as a more serious asset if we don't just charge into the top 10 within 7 days, drop our pants and leave a hot steamer as we embarrass ourselves back down the ranks. Look at XLM / ADA / IOTA / TRX. All flew into their top 10 positions and are either stagnant or dropping. Doesn't mean they are horrible projects (subjective) but it makes people think twice about putting their money into which causes uncertainty and stagnates the price. Meanwhile NEO was killing it at a cool steady pace. Just hold and give it some time everyone. The run to and after the release THOR we'll start seeing some more bursts.

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Thank you for injecting some math and reason into the hysterical cries of "Why isn't my money printing machine printing??!"

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I vote for a sticky!

Comment deleted6 months ago(2 children)

Thirded

VeChain RepOriginal Poster3 points·6 months ago

🤟Thx guys😎

I couldn't quite get concept about the role of the vechain token in the ecosystem. Can anyone explain by an example? Say from a manufacturer produced a clothes, to shipped by supply chain, then to the retail shop and to the end customer. What VEN token does in the whole process? Or why VEN token is needed in the process?

I've actually been looking for the answer to this for the last 5 days. I can't find an answer and it's the only thing preventing me from investing in VEN. I know that the service providers use the VEN tokens to pay VeChain Foundation to run the smart contracts but there is nothing for the consumers, at least not at the moment.

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Thor has the role. Thor powers all of the transactions. Now here's the good bit: vet PRODUCES Thor. So rather than buying Thor at market value, if you get in nice and early you can pay a one time fee for a node of Vet, which will produce lots of lovely Thor for your business. You can sell the excess for profit. If you are small business and don't want a node? Just buy Thor at market value.

Also trying to figure this out

same. made a post about it but nothing so far.

See answer above :)

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15 points·4 months ago·edited 4 months ago

A lot of people are wondering how much THOR they will earn for their VET. Its all in the announcement but for simplicity sake i'll post it here too.

How much THOR Power will VET holders receive?

  • B = Base THOR Power generation rate for 1 VET held (0.00042 THOR Power a day);

  • FR = Amount of VET distributed from the Foundation Reward Pool (150 million VET);

  • F = Amount of THOR Power the Foundation Reward Pool generates per Day (150 million VET x 0.00042 = 63,000 THOR Power);

  • A = Number of Authority Node designated VET (101 nodes x 250,000 = 25,250,000 VET);

  • M = Number of Mjolnir Masternodes designated VET (variable);

  • T = Number of Thunder nodes designated VET (variable);

  • S = Number of Strength nodes designated VET (variable);

  • NB = BASE reward generation rate for all Nodes.

Economic Nodes extra Thor reward formula , F, M, T, S is known, Solve for NB

F =(A*NB*(1+100%))+ (M*NB*(1+100%)) + (T*NB(1+50%)) + (S*NB(1+0%)).    

Confused? Here’s an Example A

Given the condition that Foundation allocates 150 million VET to generate THOR Power for Node Holders. Due to the varying nature of M, T, and S the following are ASSUMED numbers based on educated calculations.

  • F = 63,000 THOR Power generated by 150 million Foundation VET Daily;

  • A = 25,250,000 VET (101 Authority Nodes on chain, at 250,000 VET per node);

  • M = 100,000,000 VET (667 Qualified Mjolnir Nodes on chain, at 150,000 VET per node);

  • T = 80,000,000 VET (1600 Qualified Thunder Nodes on chain, at 50,000 VET per node);

  • S = 50,000,000 VET (5000 Qualified Strength Nodes on chain, at 10,000 VET per node);

  • NB ~= 0.00015 THOR Power per VET a day.

Under Example A : Mjolnir Masternode THOR Power Generation Rate

0.00042+(0.00015*200%) = 0.000720 THOR Power per VET a day or 0.2628 Per Year;

An increase of +75.2% THOR Power Generation rate compared to None-Node Holders;

The base 150,000 VET will amount to 39,420 Thor Power a year!

Under Example A : Thunder Node THOR Power Generation Rate

0.00042+(0.00015*150%) = 0.000645 THOR Power per VET a day or 0.23542 per Year.

An increase of +57.0% THOR Power Generation rate compared to None-Node Holders;

The base 50,000 will amount to 11,771 THOR Power a year!

Under Example A : Strength Node THOR Power Generation Rate

0.00042+(0.00015*100%) = 0.000570 THOR Power per VET a day or 0.20805 per Year;

An increase of +38.7% THOR Power Generation rate compared to None-Node Holders;

The base 10,000 VET will amount to 2,080.50 THOR Power a year!

Msg approved. Regards, DC

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Bought at ATH.

And totally glad I did. No worrying about wondering if it'll dip.

Not sure where to post this but I guess here works the best.

I fell for this apparently fake VEN airdrop from a few days ago. Is there anything I can do?

Made a myEtherWallet for it and everything and sent some there, then did the apparently fake airdrop for .3 VEN per 1 VEN I currently had. It got immediately withdraw to some other wallet/account or whatever.

I've only been trading with crypto for a few weeks now and had about half my portfolio in VEN, $1500 of $3000 worth, do I just chalk this up to a excellent scam and move on? No problem making that money back in the coming weeks and months if not days of course, but am I just out of luck?

Embarrassing to post this but its the only way to learn and improve.

Unfortunately its gone. I've seen that scam on twitter and it looks very convincing to a noob, I'm guessing they asked for your private key to your Etherwallet account, and then emptied it. Crypto lesson #1 learned.... never give your private keys to anyone, as they will access your account.

Sorry but you’re not getting it back. Chalk it up as an expensive lesson and make sure it doesn’t happen again. Good luck!

7 points·4 months ago·edited 4 months ago

3 ven per 1 ven, wow....that’s the most scammy thing I have heard of, yet. that’s 14 free dollars for every 7 dollars you input, or simply put a 200% interest rate for doing nothing, that’s a way more scammy than BitConnect.

But yeah move on and invest again, and everything that promise any kind of invest rate is a scam

.3 / 1

But still super scammy. Don't give out your private keys guys. They are called PRIVATE keys for a reason :)

I was caught by it too, lost everything. Should have checked the domain-name of course. Stupid of me but lesson learned: NEVER give a private key. Starting over, lesson learnt.

[deleted]
2 points·4 months ago

I feel for you man :( I almost swallowed that shit too. Instrad I lost money through other forms of noobism, like trying my hand at day trading. Buck up though, you live and learn and good times are ahead!

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This is my long term hold/ tip for the top.....I've got a good few thou and I think it's gonna blow up

Very excited about the prospects of this vechain! Amazing tech. Could someone explain to me how the VEN coins are incorporated into the business flow? Do clients need to pay for vechain's services using VEN coins? Might be a silly question but would appreciate some clarification on this. Thanks

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Some may not want to hear this, but may I caution care, especially if you have borrowed on credit cards and have families to look after. Because while some imminent lambo trips to the moon are being planned, all is not well in the Bond markets, with very probable southerly implications for equities that would certainly have a knock-on effect on the crypto market. I support VEN and like everyone else want its usability and market cap to grow, but some remarks suggest that the only outcome for crypto for the foreseeable future is due north.

I agree. Please evaluate the amount of money you have invested and whether you can truly hold it long term. With FUD surrounding Tether that is only growing. The market has not recovered from the January futures FUD and it doesn't look like it will return to 16k anytime soon. You risk losing 80% for maybe a 20% gain. Coin values are not going to multiply again until a significant amount of money comes back in (assuming Tether printing did not originally artificially inflate the market). VEN is a solid coin, but it is not immune to a cryptomarket crash. VEN will be here when you get back.

If you plan on holding long term, take your coins off the exchange into a personal wallet. You do not own it until then and have it on loan with no collateral given to you. Binance, bitfinex, etc do not have your interests at heart if the market were to go under and they close their doors. They have no requirement to compensate you on your speculative, unregulated investment.

Be safe and smart about your investment money. You worked hard for it.

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How will this achieve 10k tps while every other coin currently doesn't even pass 100 tps?

7 points·4 months ago·edited 4 months ago

Have you heard of Raiblocks? Or IOTA?

I know less about IOTA so I'll focus on Raiblocks (XRB). XRB in particular has been tested at 7K tps, and its maximum tps will always be determined by things like the current hardware limitations of consumer electronics like CPU speed and internet data transfer rate, not anything in the XRB protocol.

If XRB can do it, why can't VeChain do it?

Etherium also was tested with high tps but it's at a miserable 15 tps.

Were these shown these speeds in the real world?

8 points·4 months ago·edited 4 months ago

Yes, of course they have been. If you haven't heard of it and/or read the white paper yet I highly suggest it. interesting read. the whole concept behind the DAG coin Raiblocks of using a so-called block lattice... where each wallet is its own blockchain and each transaction is its own block is really fascinating stuff.

Raiblocks transactions literally take seconds, it's pretty cool tech. I moved some coins back and forth between my two wallets just to prove to myself that it really works, it's extremely impressive. The first time you use it you'll ask yourself why anyone still uses bitcoin which takes hours and costs $30-$40 when you can use a DAG coin instantly for free!!

Yup, bitcoin is completely obsolete, on the way out. No question about it.

Yes all that is true about Raiblocks. And on top of that it is scaleable so will not get slower with higher volumes.

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I believe they are closed test speeds, and not real world speeds. As they get on more exchanges, and become more popular, the real-world speed will be tested.

Not trying to FUD.

THIS. I have some XRB but for people comparing to BTC or ETH right now is laughable. Let’s see how XRB does if it were the main trading pair for thousands of coins at hundreds of exchanges worldwide and does even 50% of transactions that either BTC or ETH does. There is a reason why scalability is an issue. When Lightning for BTC and Plasma for ETH arrive then we can talk. I think XRB will be like a new and improved version of LTC which is not bad in itself but to say it will take over btc just shows how naive people are.

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What is the best way to get xrb? I don't think it is on binance.

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I guess Digibyte lacks the marketing...

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Could someone please explain VeChain Thor? The potential of it, what it is. “VeChain Thor For Dummies” type explanation please and thanks.

Haha I don't think they can. I've been trying to get this answered for so long

Lmfao yea it's been two days, I've lost hope already, welp.

Its just gas like in neo, you get dividends in thor which you can use for their dapps n transaction on the network. Its proof of stake also n u need ven to make nodes which generate the thor

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Vechain surge incoming, all the other coins are dropping huge amounts EXCEPT Vechain. What happens when the market recovers? Vechain is going to blast straight up, prepare yourselves.

[deleted]
7 points·4 months ago·edited 4 months ago

Well, no.. People are holding their money in Ven because there are very few things in the green right now. So everyone is buying into the green.

Edit to elaborate: Same thing happened with neo when it 3x'd over the past month.

That makes sense and what you said is probably true, thanks for letting me know.

Good job!

I just bought my first VeChain on Binance and I feel good!

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where can download a wallet

Hi All, First post ever on Reddit!

I’m loving Vechain, only coin that I can remember getting goose bumps while Researching. The project seems to have it all, world class partnerships, bringing on a huge team with decades on experience in different fields and amazing tech i can see in every walk of life. Already generating cash flow, Oh and master nodes... cha ching!

My only concern is the 1 billion coin total supply. Huge potential to collapse the price. At a Billion total supply we are looking at sub dollar prices similar to ripple but less as we have lower volumes. I appreciate the supply in circulation is far lower. If you look at the table below you can see we have hundreds of thousands of coins sitting with 3rd party investors what could sell out at any time, flooding the market. Also 10% for operating costs and development that means they could potentially be sold for costs and development.

This has been my only real sticking point on a project that ticks everybox. Does anyone share the same concerns? What are your thoughts?

See the copy and paste from the website PDF. VeChain tokens totaling 1 billion VeChain Token(VET). The allocation plan is as follows: Ratio Distribution Plan Details

41% VeChain Token(VET) crowdsale The income of VeChain Token(VET) crowdsale will be used to VeChain Foundation operation, including development, marketing, finance and legal advisory.

9% Private investor Private investors are very influential in the community, and they will help a lot in technology and business development.

23% Enterprise investors Enterprise investor refers to an enterprise in VeChain distributed business ecosystem or a service provider for these corporate customers or end users; these enterprise investors will use the future VeChain Token(VET) as a key development target in their business activities.

5% Cofounder, development team To be distributed to the founders and development team of the VeChain Token(VET) as their rewards.

12% Continuous operation and technological development To be reserved for various operating costs and development of the VeChain.

10% Business case development To Choose the suitable industry, using VeChain technology to the strategic deployment of the industry, project support and tokens replacement. Does anyone share the same concerns? What are your thoughts?

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Vechain has it's own platform but is based on Ethereum's codebase, so is it completely independent of Ethereum or am I missing something?

I'm having serious fomo right now. I had set aside a chunk of bitcoin ready to buy more Ven in a dip. I'm reluctant to buy at an ATH but at the same time with the announcement coming up I feel like we will never see sub £5 ven again. So torn.

This is how I often am. But I try to think about it in terms of how I'll feel in 2 years. If VeChain goes to $100 by then, I won't care as much about whether it was $7 or $8.50.

That's a little over 3 shares per $100 so missing out on $300 feels like a lot to me. Especially if you're talking about investing thousands.

If you can accurately predict that a VEN dip is coming, then by all means wait and buy. But if not, what's your alternative?

Even with Bitcoin decreasing the past couple of days, VEN has increased against the market trend.

Personally I am already holding what I care to have at this point. My point is small market changes now make a big difference in future returns. Binance has had VEN fluctuate by 1000 satoshis several times today. After every ATH there will always be profit taking show me a market that doesn't do that. A bit of patience can pay big dividends strong hands vs weak hands and all of that business.

This.

Always think long-term. Don't split hairs over pennies

when thousands are sitting on the table in front of you.

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Is this the VeChain ALL IN thread? ALL IN! xD....

Why hello there my hearties. Did someone request some soup dumplings and Pu'er tea?

Morning, General.

Of course.

Everyday that goes by makes me more sure about how huge this project is. Give Power back to the People!

So if I store my VEN in a wallet, will I automatically receive my Thor as well?

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11 points·4 months ago

Microsoft should be removed from the partnerships and new actual partners added.

While VeChain did collaborate with Microsoft to provide a solution to Renault, it cannot be considered a partnership.

We have enough partnerships that we do not need to have this misinformation.

Yeah this looks bad on vechain... Just update the image

Is there a wallet, or would I have to keep it in Binance? Thinking about purchasing... Please let me know.

Its an ERC20 token, you can put it in MEW through Nano Ledger S. Best of luck

...MEW?

My Ether Wallet = MEW

Ah got it. Thank you

great question

What do I do now? I was planning on investing today but I'm hesitant due to this surge, should I wait for another dip or get in now?

What's your goal? Are you trying to day trade or are you in this for the medium to long run?

If you think the coin will go to $20+ (like many here), then does it really matter if you get in at $5.50 or $6.20?

Nobody knows when the next dip will come, or what it will dip to, so best try not to time the market.

If you are just looking for something that will "moon" in the next 36 hours, there are way better shitcoins to choose from, VeChain isn't one of those "flavor of the day" pump and dump coins.

I hope you got in on that dip a few hours ago!

2 points·4 months ago·edited 4 months ago

:( I bought in like 1 hour before it happened.

Sucks, but then again my BTC would've gone down as well so I probably wouldn't have gotten too many more VEN compared to what I got. Just made for a nice little butthole clinch to start my trip with VEN.

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told my friend about VEN 2 weeks ago, told him about it again 2 days ago, he finally got on to buy last night, I told him right now it's going through some volatility so pay attention, he managed to sell his ripple on a spike, and picked up VEN at a nice dip in the $5-6 range. funny what you can catch sometimes

Sad he sold his ripple it just spiked due to a partnership! But so did VEN so I'm happy on both fronts

Can't create binance account right now. What other exchanges are trustable right now. Have a good feeling about this coin like I had with XRP when it had a similar size in market cap

Comment deleted4 months ago(2 children)

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I couldn't quite get concept about the role of the vechain token in the ecosystem. Can anyone explain by an example? Say from a manufacturer produced a clothes, to shipped by supply chain, then to the retail shop and to the end customer. What VEN token does in the whole process? Or why VEN token is needed in the process?

u/greencurry18 u/stxtch u/hydrater did you guys find the answer?

I did my researched and liked what I read except I couldn't find the answer to this question. I want to buy VEN but not before I figure this out. I tried posted twice on the sub but was removed twice.

5 points·4 months ago·edited 4 months ago

VEN is used by service provider to generate THOR to pay VeChain foundation for hosting their product's data on the network. There is absolutely no reason for anybody other than service providers to get VEN. You can particiate in helping VeChain to host a node to earn VEN, otherwise, VEN isn't really practical.

Jim Breyer invested in VeChain foundation, not the VEN tokens, so a lot of hype is being misdirected. I have decided to sit and watch VEN, until there are news that VEN can be used for something. Someone on r/cryptocurrency revealed that one of the mods is heavily invested in VEN, that's why it is being shilled so much there despite having a 1.5 bill market cap. Sure you can make some quick buck riding on the hype train, but not my cup of tea.

Wrong. You use Thor to run smart contracts the same way you use Ether to run Ethereum smart contracts. Ven is the currency that will be used to buy stuff.

So yes, there are many reasons to get Ven. You can use it to buy things and you can hold it to generate Thor to run smart contracts. Read and comprehend the Apotheosis again because you're clearly misunderstanding everything.

4 points·4 months ago·edited 4 months ago

Do you have links to any working product that consumers can buy currently with VEN tokens? I can't find any. I have seen people mention about it, but there's no store and no products when I searched.

If you're running a store that isn't partnered with VeChain foundation, why would you accept VEN than all the other faster and more flexible tokens out there? Yes, THOR is used to run smart contracts, hence, why I said "using THOR to pay the VeChain Foundation" since that was the primary use for THOR.

Since, you mentioned that there are MANY reasons to get Ven, could you be so kind to list them with a source, because it's really unhelpful when a group of people looking for information (not just me as seen in this thread) can't find such information and you just come in and say look it up. Look it up where?

I wasn't meaning to be unhealthful without sourcing my info, I was just on mobile so I thought I'd quickly summarize the info for you. You can score vechain's official medium blog to read all about their announcements and partnerships.

However, do realize this is only a 2 year project and these goods you will find will be coming out. I find it interesting people ask where they can do things now, when blockchain is still in its infancy. What we're all doing is buying into the potential of projects by connecting the dots between the technological vision and team competency. With that said, VeChain is one of the top projects at this moment.

When I said you'll be able to buy things with Ven, you need to read the Apotheosis part 2 and the BitOcean partnership announcements again.

Here's a quote from the partnership:

"As Chinese regulations become more transparent, BitOcean will also support VeChain’s development of the world’s first blockchain powered exchange as advisor. VeChain’s solution is currently designed to handle physical goods’ trading via CNY both digitally and through VeChain token in person."

https://medium.com/@vechainofficial/vechain-bitocean-7f12402e13b0

Now maybe you can take some time to do your own research. Or you can ignore doing it properly at your own peril.

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No I still don't have a solid answer.

I think what's going on is that VeChain is using blockchain to secure and decentralize the supply management data that they handle. The VEN token seems to be a way of maximizing decentralization since people will be rewarded through PoS to hold the tokens and act as nodes for the network.

Though I'm still not sure if this is all necessary for what the business side is trying to achieve.. you can still use blockchain for products without having tokens.

“you can still use blockchain for products without having tokens" Yes, I feel the same. Thats why I couldn't see the value of the VEN token. The business of what VeChain is doing sounds awesome, but it is like no relationship with the token itself. Being a token investor, we are investing in the value of the token, not the company.

To run and decentralize the blockchain you need to incentivize rational actors to authenticate it. Basically you need to pay people. However you can't send money all over the world or streamline the process of essentially hiring a global work force to power your blockchain. So how do you get people to act as nodes? Crypto tokens outstrip fiat. They are convenient and can be generated in wallets across the world to motivate people to act.

Now why does VEN need their own token? Why not just use the established ethereum. VENs blockchainX innovates on other models and their token distinguishes their brand as is the protocol in this space.

Because the company requires customers to use THOR the business' success is inextricably linked to the token.

I mean no offense because most likely don't understand this but to me the answer you're given sounds like you'll use the VEN token because you have too.

I lot of these coins don't seem organic, the tokens seem to be forced in just to be in the token market, like fish riding bicycles, not organic.

Just one small tangent, its why I think Bitcoin will always be King. Its the original and there is no ambiguity. Its a store of value, its Bitcoin. Much of these other coins will fall away from the tech underneath after they serve what I believe to be their true purpose, funding a project.

Is this is a good test for any coin?

Would VeChain survive without ven?

Would Bitcoin survive without BTC?...

All hail BTC...

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I have a sizeable investment sitting in VEN right now, is it a smart idea to move my funds from Binance to a different wallet? On rebranding, how will I obtain THOR by holding my VEN, especially if I'm holding it in an exchange like Binance?

For now, you should be holding it in MEW, until VEN releases their own wallet when you'll transfer it off MEW to the new wallet. You'll accumulate THOR in the new wallet most likely.

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It looks like the longer I wait, price goes up.

However, I feel like if i give in right now and buy when the price is at ($8.00), by next week, it'll drop to low $5 or $6..

The reason behind this logic is, whatever coin it is, it can't keep going up 24/7, there's a time where the price drops and i'm waiting for that to happen...

And if it pumps during tomorrows live stream and the new "dip" is like $9? Also it was in the high 6's already for a bit this morning...

your logic only works for coins that have no inherent value like raiblocks or trx. this is not a momentum coin or a pump and dump coin. coins that pay you dividends so to speak don't drop much.

The price of everything goes up and down to some degree, every coin will correct. Is impossible to time the bottom perfectly, but you MUST ladder your buys. Watch YouTube about laddering your buys.

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Are we at the bottom of this dip? I think so. Load up boys and girls!

I just want to say Sunny is the best CEO in cryptoland. After reading his reassuring messages on telegram he really deserves credit and I trust his vision and integrity (Can't say the same about wanchain anymore)

When will this thing moon. Been sucking hard for a while.

VeChain RepOriginal Poster19 points·6 months ago

>VeChain is a solid project, patience will reward you

Ahhh the memories

VeChain RepOriginal Poster2 points·4 months ago

Wow good find! Lol thank you!

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This^

Did you get your moon yet?

Hello

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3 points·6 months ago·edited 6 months ago

Can i purchase VEN with LTC on Binance?

Edit: I figured out that I cannot

VeChain RepOriginal Poster7 points·6 months ago

Yeah you’ll have to transfer to btc or eth or bnb first.

107 upvotes?

At least it's nice to see that not every coin buys upvotes

www.thinkhodl.com made a sponsorship with VeChain Congratulations !

[deleted]
3 points·4 months ago(3 children)

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Realistically what range can we see this coin go to?

I can see 10$ by late feb

It's currently $7.16 as of today

Is there any official statement from the chinese government about the partnership? I can't seem to find anything in the medium post.

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[deleted]
3 points·4 months ago(1 child)

I originally bought and sold at 30 cents and 60 cents, respectively, and just jumped back in today. So yeah, I'd say it is.

Looking at the current price/market cap ($6.50 and $1.80billion market cap, am I correct in saying if we get to $12billion the valuation per coin would be around the $40 mark?

Uh, sort of, I'm hoping someone will jump in and correct me here, but I think it'd be more accurate to say "~$40 would mean a market cap of ~$12billion." In other words, I think market cap is simply the total value of the market, it's not quite correct to say "if we get to a certain market cap, then the price/token will be such" implying that market cap impacts the price, when in fact it's the other way around.

with that said, if I'm splitting hairs on the semantics of your wording that wasn't my intention, just wondering if that's what you meant to say, and additionally wondering if I'm correct in what I'm saying.

Oh god I need more coffee

Hi, thanks for the reply, as I am actually only a few weeks into trading, is the market cap the amount of $ people have physically put into the coin, so people like me and you for example have already invested $1.80billion? (more or less now I know). Or is it an estimate of what the market for this coin could go up to at a certain point if people continue to put money in it at a certain rate?

2 points·4 months ago·edited 4 months ago

EDIT: TOTALLY got Ripple market cap wrong, please ignore the fact that it's ripple and just use the numbers as a way of understanding market cap. Replace Ripple with Company X it's just meant to be an example. Ripple right now is actually 80b at 2.04...I had said it was 18b...oops------------------- The former. I.e. It is the total amount of dollars running around for the coin. On coinmarket cap, it's bassed of 277m circulating supply, which gives us 1.8 billion. But just so you know, there's actually 497m floating around there, the rest is just tied up in private ownership.

For comparison, On Coinmarketcap, Neo is at like 7b or something, which is about 3.5x our current marketcap (at 277m circulating supply).

So if our coin hits $24 or so, we'll be roughly same market cap as NEO

Ripple is 18b at its current price. ETH is 120b at its current price. BTC is 230b or something.

So if I'm getting all this right, you could use marketcap to compare it to other cryptos, to see which ones might be undervalued or overvalued currently. In other words, if you think VEchain with dApp and with its real world use can ever reach the market cap of, say, Ripple, and we're assuming the conservative estimate of circulating supply (497m) that would mean the token would be worth $36.22. Additionally, you could definitely look at it and say "I don't think there's enough money and use potential currently for it to surpass ETH in market cap, but I think it could come close..."---- If you really, really think it could have the same position as ETH some day, that would put the token at like $241...another way to look at it is you probably should assume it won't ever be $1000 token, unless you think it could hold the same market cap as Alibaba (like 400-500b) Finally, let's say you're a fanboy and you think this company will be worth more than Apple some day. That would require each token to be worth $1,800 for us to hit an 899b market cap.

At least, I think that's how you can think of market cap. A quick way to reasonably calculate how far a coin really could climb...the market cap just reflects how many dollars are currently floating around in the company. But I don't know, I'm a filmmaker, and a millennial, so I'm not the best person to take investing advice from. for the love of god someone with actual knowledge please correct me or confirm this so I don't accidentally over simplify)

Ok but your analysis is based on ethereum, bitcoin and all the other top 5 crypto staying at their current marketcap. We don't know what bitcoin or there's marketcap will be at EOY. Your analysis is flawed.

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MC = # circulating coins * market price

Hello there, I realy want to invest in VeChain but it's been going up for the last 3 days and I am unsure if I can wait for the bounceback or not. Don't want to wait forever and never get in. I am here for the longrun but still would love to get in at a low. What do all of you think about when/if and to what it will bounce back/stabilize.

[deleted]
5 points·4 months ago

From one noob to another I can tell you one thing for sure: don’t eat the fomo. I’d say wait till it declines and stabilizes for at least several hours, buy a bit, then see what happens next.

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8 points·3 months ago·edited 3 months ago

Can someone please explain to me why Vechain doesn’t have an official white paper? Or wallet but they have a huge team?

scam coin?

Please I know I’m new and Im not trying to spread FUD. I truly do love Vechain and the idea. I own 501.5 Ven myself to be precise. But can someone please explain why every other coin in the top 20 has a 80-90% complete profile or better except Vechain..?

Is it just me or does their website seem a little off as well? 🤔 like where do they list all those big partnerships at? Im doing my research, but I just want some of the fellow Vechain community to please explain this to me and help reassure me that this truly is a great project with a bright future.

EDIT: a lil karma would help if I didn’t offend anyone.

I am waiting white paper to be published within the re-branding. So latest in the end of February.

Dude, this is the weirdest sub ever. They're answer to everything is "Do your own research, it's awesome" or "Look it up, you'll be very impressed with VEN". Like, what? I'm trying to do my research here, where else is there to go??

I just want to know how much Thor a company needs to buy in order to use VEN! Someone must know...

obviously it hasnt been announced yet

Yo shiit, what if it IS a scam? "Do your own research" is a great way to avoid being sued for false advertising. So is "This is NOT a whitepaper"

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Thank you very much for the good partnerships ! Keep up the good work !!

good job

666

heh ho, been looking at daily volume for my stacks and VEchain and LRC loopring are both up several hundred percent in daily volume starting late Nov/early Dec. Some big accumulation going on. Hang on, something good is coming.

Hi guys, Is there a description of how to stake? I store my VET on myetherwallet secured by trezor. Will that work to earn tokens? Cheers Mike

VeChain RepOriginal Poster1 point·5 months ago

Yes for sure, good choice

Is there a step by step guide? Or some more info how this needs to be set up?

VeChain RepOriginal Poster2 points·5 months ago

any wallet support ERC20 token for now

Any better ways of buying ven other than transferring btc. Fees are ridiculous. I'm trying to buy about $100 every week but I just spent $16 to transfer $150 btc. From coinbase to binance. That's like 10 ven yo!

Crypto rule number 1 : never transfer BTC from Coinbase to an exchange. Crypto rule number 2 : don't buy BTC. Crypto rule number 3 : don't use Coinbase.

Comment deleted4 months ago(3 children)

His first rule is literally don't transfer from coinbase

then you come along and say

He's wrong don't use coinbase use this instead

Comment deleted4 months ago(0 children)

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Where else can you deposit US currency? Coinbase is the only one I've found.

gemini.com

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Can you elaborate more on part 1? I just did that, not sure why I wouldn't?

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How does one easily buy ethereum without coinbase?

Use litecoin or Etherium. Coin base deposit to gdax. Withdraw Gdax and deposit to binance deposit address. Wait....then sell litecoin for bitcoin in the basic trade. Buy ven with bitcoin.

It's spelled 'Ethereum'.

Use eth.

If you're on Coinbase, use GDAX. Go to GDAX, log in with your Coinbase info, do a "transfer" of your Coinbase balance to GDAX, then send from there. GDAX takes care of fees.

Or just transfer ETH to Binance and buy with that.

If a market has ETH I always buy ETH instead and then buy the coins I want. It's faster and cheaper than buying btc to do the same.

One question most reputable place to buy ven? Other then binance?

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Bit of a noob question here I image as I never see anyone taking about it. If vechain has multiple pairs: ven/btc ven/eth, is there an easy way to work out which would be best to sell your coin into with the end goal of exchanging back into fiat.

Thanks in advance

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Can somebody pm me who really knows their stuff about VeChain. I'm an investor for about a month now, and want info on the nodes. Are they like WTC masternodes that require you to mine, or is it more like neo where you hold VET in the wallet and get Thor. Is mining possible? I've never mined before, but would like to do all I can for this project. Thank you for your help.

no, holding your coins in the wallet which is to be released in the upcoming months would suffice. no mining is required.

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No mining is required. You just have to hold your coins.

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guys have you seen this video?? https://youtu.be/Awx-nwagBuk I really like the founder... but wondering about your opinions and check out other videos on the channel, it's so cool, i love it!

This girl is so fucking annoying. Her career will be short-lived if she keeps interrupting people.

Deleted

2 points·3 months ago·edited 3 months ago

I am currently wondering if the crypto market is/will be affected by the world economic forum's annual meeting, starting today in Davos, switzerland.

World Economic Forum Annual Meeting audit: https://www.weforum.org/events/world-economic-forum-annual-meeting-2018

Any opinions about it? I know nothing about it, to be honest.

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Went to transfer some VEN from my Ledger to Binance. Noticed the token was already changed to "VET" on the Ledger. Binance still lists VeChain as VEN.

Can I transfer VET from my Ledger to VEN on Binance?

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I am kind of lost, will the rebranding from Vechain to Vechain thor require any action on my part or will be done automatically?

I keep my tokens on Binance

https://twitter.com/lykke/status/970670659796955136

2 days to vote VeChain onto another exchange we were losing when found this, but have dropped it a few places bc might as well get listed on another exchange and we're in the driver seat now let's close this one out - hope it's not rude to be posting this !

Someone please tell me im wrong here. I really want to be wrong about this: VEN will never break 7 dollars. After the biggest partnership in crypto was announced the price ultimately didn't move an inch. And it's because of THOR. VEN is one of the most shilled and hyped coins on 4chan and reddit and it drops its biggest announcement yet - and the whales still control it. PBOC won't even make us able to penetrate their walls. THOR is afaik in no way tied to the price of VEN, so for the massive whales holding millions upon millions of coins THOR is the goal, VEN can be 0,1 cent and they wouldn't care. The price of a VEN token does not matter anything to its adoptation, the partnerships are there even if it's at 1 dollar or 25 dollars. THOR is generated if it's at 1 dollar or 100 dollars.

VEN is the new NEO, passive income. The whales are accumilating and will accumilate until they own all the coins, every single one. They will supress the price for VEN's entire lifespan - because for them THOR is where the money is. If you had the chance to buy millions of NEO when it was 5 dollars you'd be a billionaire now from GAS alone. As long as NEO was around your life would be set. And it's the same with VEN. Someone please tell me im wrong, i have 70% of my holdings in VEN, but this is looking very grim from a price perspective to me.

Prices are being manipulated, I daresay I agree. So what. Zoom out a bit, and see how much VEN has grown. The week-charts are literally all green (i.e. no week closed lower than the previous week for nearly the past two months!).

The fact that prices are stable is the best thing I can ever hope for. This gives me time to work on that Mjolnir masternode that I have my eye on. By your very logic, if Thor Power is the end-goal, isn't the low VEN price good? Doesn't this mean that you can accumulate more VEN at a low rate, and hence gain more Thor Power in the future?

Markets are where money flows from the impatient to the patient. It's your choice which side you want to be on.

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3 points·4 months ago·edited 4 months ago

VEN is the new NEO, passive income. The whales are accumilating and will accumilate until they own all the coins, every single one. They will supress the price for VEN's entire lifespan - because for them THOR is where the money is. If you had the chance to buy millions of NEO when it was 5 dollars you'd be a billionaire now from GAS alone. As long as NEO was around your life would be set. And it's the same with VEN. Someone please tell me im wrong, i have 70% of my holdings in VEN, but this is looking very grim from a price perspective to me.

Let's assume what you say is true. Then at some point, the whales will have no more VEN to buy, and everyone not a whale will have to bid up the spot price of VEN to get one, since there are no more VEN openly traded on the market (everyone is HODLing), which makes the spot price for even ONE VEN high.

But why would anyone want to buy VEN in that scenario, you ask? Because THOR is generated, which you yourself stated that "that's what the whales want". The whole purpose of whales sinking so much of their wealth in this coin is to generate profits that outstrip any other investment that they could have made with their wealth, almost definitionally.

In other words, the whales will ALSO manipulate the price of THOR to go higher and higher, since the whales control it (and have it), and are parceling it out as they see fit. Which would subsequently make the thing that generates THOR passively (VEN), EVEN MORE valuable in that scenario, since the supply is now ridiculously limited AND it generates this absurdly valuable asset (THOR) that is trading more liquidly.

In which case, your 70% holdings will skyrocket, and your THOR generated will also.

In other words, your scenario isn't remotely bleak -- if you're holding onto VEN right now, that is. If this is your hypothesis, then you should take your VEN, download it to a wallet, store it in a safe, put that safe in another safe, and then have security guards with guns guard it. Because that scenario is probably the greatest one anyone can have who holds VEN -- we all who hold it effectively become part of the cartel of holders along with whales, who, at some point, will want to make their ridiculous profit, which we will also get a small (but large in absolute numbers) part of it.

Reporting in from the future: you're wrong

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To use the Ven blockchain you'll need to use Thor to run the smart contracts, the same way you need Ether to run Ethereum. The only way to get Thor is have VEN to generate Thor, or to buy Thor from an exchange. Why wouldn't you want passive income from VEN which will generate the THOR you can sell?

That's why VEN will go up as the blockchain usage goes up. THOR will also go up.

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How can I get in touch with someone at VeChain about a possible partnership with a large global retailer, I have sent emails, contacted their team through LinkedIn, all with no success. I am lucky enough to know the CEO of this large retailer (family friend) and know that they are interested in implementing blockchain tech into their business model. I think Vechain would be a perfect fit. Any help would be greatly appreciated.

Honestly that CEO would have much better luck getting a foot in the door than a family friend. He needs to reach out in a official capacity.

Do you guys think it's too late to get in on VEN? I wanted to buy earlier but I was low on cash, then I remembered I have a bunch of LTC I might be able to trade for it, but I just don't like to buy at an ATH, what do you guys think? wait for VEN to maybe dip, enter anyway, look for something different?

like buying ethereum at 50$

3 points·4 months ago·edited 4 months ago

I would 100% trade the LTC for ven. The rebrand is (edit: maybe) in 4 days. I'd bet the price will go up after.

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hell no, I see been reaching $20 easily this year (very conservative estimate, some nutters are spouting over $100)

NEWBIE: I want to buy VEN with EURO, what to do? is huobi good? coinbase? Please help me :P

I use coinbase to buy Ethereum, then send it to Binance and buy VEN with the ETH

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Can the tokens be held in myetherwallet?

Yes

perhaps under Vision, or Misc

Great post!!

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This is great. Thanks man.

AWESOME----

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