Investing.com – VeChain Thor is one of the few major cryptocurrencies to still have a gain for the year.
Though well off its January high of more than $8, VeChain Thor is up 12% in 2018, hovering near the $3-dollar level.
Currently the 18th largest crypto by market cap, VeChain Thor is in the midst of a major change. Having changed its name from VeChain in February, VeChain Thor launched a new blockchain platform in late June.
A new mobile wallet will be available July 9 and existing VEN tokens will be converted to VET tokens on a one-to-one basis sometime in mid-July.
Like , VeChain Thor has generated notable commercial partnerships. Several companies have signed on to use its blockchain for supply management.
The most high profile one is German automaker BMW, which plans to use the technology to track its massive parts inventory.
VeChain also has partnerships with companies in France, Norway and China, as well as universities in the U.S. and UK.
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