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Review on VeChain by Jackie Chan
VeChain has accelerated its integration within the mainstream crypto market…
VeChain has accelerated its integration within the mainstream crypto market. First, it rebranded VeChain as VeChain Thor and introduced its new token as VET. Later, it selected masternodes and told its community to hold and lockup their tokens for some time in order to drive up its value. Now, it is aiming to bring in the token in everyday usage within a few years..
Pros
- It has several working apps which are being used right now, but on a permissioned blockchain. They have many solid partnerships with direct use cases, wherein, BMW being one of the recent partner with VeChain. Key partners: DNG.VL and PwC. VeChain’s current partners working with them will all migrate to new blockchain and will require VET/THOR.
Cons
- The PR team of VeChain is not too experienced with PR: For eg. The PR team had made a premature partner announcement that caused confusion for audience as well as for the mentioned partner team. Strong competition in both supply chain and in enterprise dApps fields.
