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VeChain Thor is a Blockchain-as-a-Service company which aims to build a business ecosystem that’s trustless and distributed. With this ecosystem, they want to enable “transparent information flow, efficient collaboration, and high speed value transferring.” The 2-year-old project already has a working product, which their customers can use. VeChain’s Blockchain is already being used by several industries like luxury goods, agriculture, logistics, food/drug, and governments.
The Blockchain’s upcoming VeChain (VEN) Thor token swap has garnered quite a bit of attention from the crypto world. Crypto exchange, Bitfinex announced their support for the token swap and said users’ VET tokens will be directly exchanged to VEN. The exchange announced that the tokens will be exchanged on a 1:100 ratio.
VeChain Thor Mobile Wallet
The Blockchain start-up announced on Twitter that the VeChain Thor Mobile Wallet is now available.
The VeChainThor Mobile Wallet is now available for download in the Apple App Store and Android marketplace.
To understand fully our mainnet launch, token swap details, and mobile wallet functionality, please view the following video:https://t.co/mmL8qCcjab
— VeChain Foundation (@vechainofficial) July 8, 2018
The cold storage wallet is actually a mobile app, VeChain promises that it’s a “light mobile app.” The app is available for both Android and iOS versions. This app will act as a “powerful, secure, simple, fully functional” portal to the VeChain Thor blockchain. It also allows users to manage their VTHO and other crypto assets. The Blockchain start-up also claims that users can access all kinds of dApps on the VeChain Thor Blockchain.
The wallet allows its users to see their crypto asset balance while performing VET token swap/node transfer. Additionally, qualified node program participants could even become node holders via $VTHO rewards directly in the wallet. The wallet also ensures that X Node participants can transfer X Node from an ETH wallet. The transfer will be done via X Node Transfer Service, instructions for these are expected to be released in August.
This mobile wallet is predicted to be the most secured wallet among others in the market. The wallet’s description on the App store seems to back up its claim to be the most secured wallet. The description says it has several security precautions including 3rd-party audits for the functionality, code, smart contracts, etc. The wallet’s instruction manual can be downloaded from VeChain’s website.
The new crypto wallet could definitely lead to a bullish turn for VEN’s prices. Additionally, the Blockchain’s start-ups collaborations with BMW, the automobile manufacturing giant and Oxford University. The Blockchain company’s team is also working with experts to tackle General Data Protection Regulation (GDPR) compliance. With all this happening, their cryptocurrency’s price will definitely get a boost.
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- VeChain: All you need to know about VeChainThor wallet migration and token swap
- VeChain launches its VeChainThor blockchain, upcoming events to look forward to
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