VeChain, soon to be called VeChainThor, is a blockchain platform and cryptocurrency that is targetting the Internet of Things. VeChain allows manufacturers to assign products with RFID [radio-frequency identification] identifiers which record information across the supply chain. RFID information becomes subsequently available on the VeChain blockchain.
VeChain Thor MainNet is going to take place on June 30th and CoinSpot is going to open the doors for the transfer of VEN tokens on the Main Net on behalf of the customers of VeChain. There are 867,162,634 VET tokens in circulation.
Founded in 2013, CoinSpot is one of Australia’s leading exchanges and a multi cryptocurrency wallet with the largest selection of blockchain assets of any Australian Exchange. Users can store many coins, including Bitcoin, DASH, Dogecoin, Litecoin, and others.
The launch of the VeChain Thor MainNet will enable the holders of the VeChain tokens to get an equal amount of VET. Further details regarding when the deposits and the withdrawals shall be disabled will be posted on a later date.
The VeChain tokens would be altered to 100 VET after the much-hyped swap. VeChain Thor would no longer be an Ethereum-based ERC-20 token which would mean that IDEX would no longer support the trading of VeChain tokens.
Along with the Authority Masternode deployed MainNet going live, VeChainThor MainNet will be forged post the generation of Genesis block, and the snapshot on Ethereum and X-Node Monitoring would be done. VeChainThor mobile wallet will be started from July 9th and X-node Monitoring will be accessible.
From mid-July, Exchange VeChain token swap will be obtainable and VET will start trading.