VeChain observed an unexpected walk in the price within just a few hours after the shock news made by the among the biggest cryptocurrency exchange Binance. The exchange revealed on their main Twitter handle as well as airdrop of 100 million VTHO symbols to all its users.
The airdrop will certainly happen for all customers who hold VET on the exchange by August 1st, as well as the tokens will be dispersed on August 5th. Presently, $3 million is the overall market value of 100 million VTHO tokens.
On 26th July, VeChain was trading at a price of $1.99. The market cap of Vechain was $1.11 billion throughout the first hrs of the day, after which the rate jumped to $1.630 billion. In less than 4 hrs, there was a rise of $500 million, inning accordance with reports.
The VeChain completed its mainnet launch formally in June. VeChain majorly intends to develop a decentralized service environment with products that are totally tracked making use of a mix of equipment devices and blockchain audit. The VeChain Thor primary net launch was highly essential for the network.
On July 19, cryptocurrency exchange Binance revealed on their web site about VEN/VET Mainnet Swap. Deposits and withdrawals of VEN were temporarily suspended from July 22. They educated, “Please make certain that you leave adequate time for your VEN deposits to be fully refined prior to this time around.”
Binance additionally pointed out that the trading will be stopped briefly in all VEN trading pairs on July 23. Trading was resumed once again for the new VET/BTC, VET/ETH, VET/BNB and VET/USDT trading sets on July 25.