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Initial release2018/6/30
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TypeGNU Lesser General Public License v3.0

VeChain is a public blockchain platform that focuses on supply chain management and smart contracts. It is commonly listed as VET on crypto-trading platforms.

VeChain was the only top 20 cryptocurrency that did not show negative returns in the first three months of 2018, instead gaining 28 percent.[1] In April 2018, it was the 17th largest cryptocurrency.[2] The protocol has a heavy emphasis on marketing and obtaining preliminary agreements from corporate brands, and many have described it as a pyramid scheme, with its reliance on master nodes that require a high buy-in price.[3] Despite claims of corporate adoption, VeChain was not able to prove any business revenue.

References[edit | edit source]

  1. "There's only one survivor of this year's cryptocurrency slaughter: VeChain". CNBC. 28 March 2018.
  2. "Bitcoin's latest rival: THIS currency has SOARED in 2018 as cryptos plummet". Express. 10 April 2018.
  3. https://www.asiacryptotoday.com/chinas-blockchain-pyramid-schemes-86-million-rmb-scammed-from-13000-people-in-just-18-days/

External links[edit | edit source]

This article "VeChain" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:VeChain. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

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