Review on VeChain by Stephen Toluwani
VeChain; A better way to Track data
I have been seeing the hype going round about the VeChain project and I expected to see much growth and adoption for the project. My first interaction came into being when I traded this coin on a robot at $0.17 and now, the value is at $0.33 as at my time of writing. This indicates the level of adoption of this coin because of it's use case of solving real world problems especially one that involves tracking information for business operations. Yes, that's right, the major use case of VeChain accordingly is to help business owners keeps track of their shipments in real-time. There are many centralized methods of doing this but they have mostly turned out to be inefficient and the use of VeChain, it's simple and straightforward. It has been very handy to use in places that accepted it's use but being in Nigeria, I am yet to touch into this great technology improvement. Instead, I have been limited to using it's staking capabilities which earns me VThor, another coin from VeChain which can be sold but is majorly used for paying transaction fee. VET can be a means of making stable and passive income aside helping business operations. It's a great project and I don't think any competition is onto VeChain as it works in ways that is required in the real world. I highly recommend the project to be used by business owners and to stakers so as to earn passively alongside with the growth of it's value
Pros
- A very popular crypto project that has been gaining grounds both in value and adoption due to what it offers
- Traded on many major exchange platforms with good liquidity
- Provides staking opportunity which helps mine VThor for it's stakers
- Transaction costs are paid via VThor which is mined directly by holding VET, this makes transaction cost almost non-existent
Cons
- None so far
