VeChain Price Spikes after Binance’s surprise announcement, here’s why!

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July 27, 2018 by
VeChain Price Spikes after Binance’s surprise announcement, here’s why!

VeChain witnessed a sudden walk in the price within just a couple of hours after the surprise announcement made by the among the largest cryptocurrency exchange Binance. The exchange revealed on their main Twitter manage and also airdrop of 100 million VTHO tokens to all its customers.

The airdrop will certainly take place for all individuals who hold VET on the exchange by August 1st, and the tokens will be dispersed on August 5th. Currently, $3 million is the overall market price of 100 million VTHO symbols.

On 26th July, VeChain was trading at a cost of $1.99. The market cap of Vechain was $1.11 billion throughout the initial hours of the day, after which the rate jumped to $1.630 billion. In less than 4 hrs, there was an increase of $500 million, according to records.

The VeChain completed its mainnet launch formally in June. VeChain majorly intends to build a decentralized company community with items that are completely tracked utilizing a mix of hardware tools and also blockchain audit. The VeChain Thor major net launch was very essential for the network.

On July 19, cryptocurrency exchange Binance revealed on their web site regarding VEN/VET Mainnet Swap. Down payments and withdrawals of VEN were temporarily put on hold from July 22. They educated, “Please make sure that you leave adequate time for your VEN deposits to be fully processed before this time.”

Binance also discussed that the trading will be quit briefly in all VEN trading sets on July 23. Trading was resumed again for the brand-new VET/BTC, VET/ETH, VET/BNB and also VET/USDT trading pairs on July 25.

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