The VeChain Mobile Wallet Has Been Officially Released
The VeChain platform announced on 9th July the new launch of the mobile wallet that will be used on the Android and also the Apple app store. The app has been designed to ensure it makes smooth token swaps and also crypto management to be more seamless and even hassle-free than what we have been accustomed to in the past few months.
The company has ensured that the VeChain Thor Mobile wallet has been made available and is easily downloadable in the marketplace. They have also gone ahead to develop a video that will give you a clear picture of how the wallet works, the details on the token swaps and even the various functions you should expect on the wallet.
More About The Wallet
The wallet design has been designed to be a critical part of the company vision; thus, the company aims in ensuring that the mobile wallet is as secure as it can get to offer the best features the market can expect. To ensure all this is a success the company has ensured they have taken the best third-party auditors found in the market.
But this is not all as they have also gone a step ahead to pick through a line of code to ensure users enjoy the best security. The company has also done a few revised changes; making it a clear indication that there are some drastic changes we should expect in the coming months, to ensure the wallet is more functional than it is at the moment, something to look out for.
On 30th June is when the whole process started, this is with the very first X Node snapshot that is being uploaded on the Ethereum technology. The release of the wallet has also marked the very first start of the X Node binding.
More To Expect From The Company
But this is not all as the company went ahead to release a statement saying that the current VeChain tokens in the market will be easily swapped with the VET Token, and this can happen in the mid of July, this will be done in a ratio of 1:100.
Once the swap of the existing tokens has taken place, the company will take the next step to have the token exchange taking place within their wallet by mid of August. At the same time, this time period will mark the end of the X Node biding that the company has set aside, which has been taking place since 9th July.
But this does not end here as by early September expect to see a second X Node Snapshot that will be on the Ethereum technology. As a result, users have been advised to ensure they have performed the token swap in good time or they run the risk of running all their VeChain tokens.
The VeChain company has assured its various users that all the existing tokens that they could be having on the favorite exchanges like Bitfinex and Binance will be easily transferred to their wallet.
Functionalities To Expect In The Wallet
The wallet has been designed with various desirable features that you should look forward to. The wallet will allow the users to receive and also transfer the VET tokens. It will also allow the various users to bind the X Node to the owners of the wallet if they actually own it.
You could also use the wallet for the VTho rewards which tend to appear after transactions, and much more features to look forward to. The company also wants its various users to know that the tokens will be easily transferred in two methods, either manually or it could get initiated by the multiple exchanges.