VeChain[VET] latest updates; price fails to keep up as altcoins bleed

Fibo Quantum

VeChain is ranked at #31 on coinmarketcap. The price of VET is $0.006392 after a decline rate of 10.38% was noted. The trading volume recorded in the course of the past 24-hours is $36.319 million.

The total market cap for VeChain is $354.446 million. Circulating supply has 55,454,734,800 VET tokens in play as of this moment.

Safe ID Phase 2 is being developed. Safekey will be established “for the 1FA and 2FA functionalities”, the blog post published on medium states. Phase 3 will be initiated to promote mass adoption for VeChain products; the subscription platform will allow users to engage their “solutions” without the requirement of digital currencies and wallets.

VeChain had a phenomenal climb in June. This was after the Walmart China deal was announced. Due to the partnership of the renowned corporation with VeChain, users at Walmart will be able to track data related to an item they wish to purchase.

Details such as the location of origin, the path by which the item reached the market, and other information are now available for millions in China. Soon, fruits and vegetables along with other commodities will be included in the list, as the test-phase is completed.

An upgrade will also occur 11 days later. The alert was shared via Twitter:

ThorBlock Version 2 will have the following traits:

  • Comet wallet integration
  • SafeID integration on the level of authentication
  • ‘event listeners’ like block explorers will hunt through each block in order to obtain smart-contract related data
  • SHA utility will be implemented as part of ThorBlock. Pool contributions can only be done with VET coins. The new version will allow VIP-180 tokens to be accepted

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