by mondaysblow
https://www.reddit.com/r/CryptoCurrency/comments/7he1oe/great_post_i_found_summarizing_why_vechainven_is/
This post was made for the Facebook group Crypto Coin Trader (52k members) But i think it's nice to share here too. Hope you like. If you are in the Cryptocurrency Collectors Club or the Crypto Coin Trader group, please like and comment
VeChain (VEN), Kurt Connolly and Revv Nissan mentioned this coin last week! Now I got your attention, I want to share some information about VeChain (VEN). I see multiple small posts about it, without any likes because people think it’s the next ‘coin of the week’ pump coin so nobody starts doing good research. So I will share some information for you lazy #@%.
I would appreciate if you like the post after reading, you can also ask questions First some basic information: The company exists since 2014, the CEO is Sunny Lu (some information about the history of Sunny Lu, see the picture (Used to be CIO Louis Vuitton China)). The VeChain tokens could be bought since august 2017. This means this company did a lot of work before they started to sell their tokens (3 years in between). They wanted to stay below the radar because of all the china FUD, but they are revealing more and more since the last month and they are listed on Binance, Liqui, Kucoin, Quoine and HitBTC.
The market cap is $89 million USD and their circulating supply 277 million VEN. The vision of VeChain is to build a trust-free and distributed business ecosystem based on the Blockchain technology self-circulated and expanding. Watch the videos (links below) where Sunny Lu explains everything, for the busy people 3 examples below: In cooperation with one of the prestigious luxury brands in Europe, VeChain embedded its specially designed anti-counterfeiting NFC chips into the products and realized anti-counterfeiting, product tracing and lifecycle management with the blockchain technology. Consumers can learn the unique “story” behind the product by simply scanning the embedded chip with the mobile application (Partnered with Givenchy Paris). VeChain creates a digital profile for each car based on its unique ID to meet the needs for different scenarios it establishes various profile authorization based on the car ownership in different stages.
VeChain represents car with its unique ID, sets up the digital profile with all related data of the car and operates the digital profile via smart contracts (Partnered with Renault). By installing smart sensors on the transportation vehicle, key information such as temperature, humidity and steadiness during the cold-chain logistics can be collected and recorded on the blockchain in a real-time manner.
The data would be encrypted and immutable. Brands and consumers can easily check and trace the transportation condition, and it would make the brands more creditable and significantly lower the operation cost from the third party logistic resources perspective. They use RFID, NFC and QR codes for multi-industries, such as: pharmaceutical industry, agricultural industry, clothing industry and car industry and logistics. Have patented RFID chips which can measure temperature and pressure (think about food industry), have an application in the Playstore and are already selling wine at various D.I.G shops under support of Vechain technology. Some partnerships are: (see picture for all of them) Givenchy Paris Madeforgoods Renault Microsoft Azure D.I.G. Babyghost PWC (One of the Big Four auditors, along with Deloitte, EY and KPMG) The 40% rise on December the 1st was caused by this tweet: VeChain An Apotheosis Commences in 96 Hours.
Meaning Apotheosis: noun, The highest point in the development of something; a culmination or climax. There is also a Telegram chat which is growing fast, PM me if you want a link. Link to the Reddit for all the information with links and sources: https://www.reddit.com/r/Vechain/comments/78p34q/vechain_allinone_thread/ Link to a video of their official launch (1 hour, 29 November 2016): https://www.youtube.com/watch?v=38Mid9B6D0o&t=5s Link to part one of three of the Tokyo meetup video (1 November 2017): https://www.youtube.com/watch?v=nvUlQavWw7g&t=1s Their official website: https://www.vechain.com Their tokensale website: https://tokensale.vechain.com/en/ I found a nice post on the Telegram by J Rock with a kind of abstract about VeChain so I added it. Thanks Mr Rock. "I have spent the last month trying to find a coin better than VEN and I am having a damn hard time. VEN has: A leadership team with stellar corporate experience and previous success. Not: the first business project with inexperienced leaders. ($GVT, $POWR) An existing corporation that preceded them. (In other words, there was previous business momentum.) Not: "Oh let’s start a company to house this idea." ($SC, $GNT) They are a corporate developer with skin in the game. Not: community developers doing a passion project. ($PART, $BLK)
They have backing of a major business player in PwC. Not: trying to go it alone and not plugged in to how business really gets done. (Many.) 5: Running on own blockchain. Not: dependent upon community backed platform like Ethereum. (Every ERC20 token.) (They aren't doing it quite yet. But they are designing it as we speak. Set to release Q1 2018) Have a hardware component and patents to expand value. Not: "muh-blockchain will save us!" (Basically everyone else.) Have working tech. Not: "it's gonna be so cool when we build this thing." ($POWR, $GNT, $SC) Understated leadership team. Not: hyperbole and lies. ($NEO) Existing partnerships/customers with major business titans. Not: hoping the customers will show up or waiting to get them once the PoC is live. (many) 10: A demonstrated use case across multiple industries for nearly unlimited scale. Not: niche industry. ($FUN, $ENJ) Actual market need. 98% of clothing manufactures are moving to RFID. Counterfeit goods are a trillion dollar problem. Not: do we really need "blockchain for x"? Legitimate corporate player. Not: shady dark web. ($XMR, $PART) Already using the product. Not: waiting on PoC or future use case ($CVC) Hasn't yet had its first major moon, increase since launch only +38%. Not: cool coin, already mooned. ($BTC, $TRIG) Fits into a world of corporate oligarchs and capitalist hegemony. Not: P2P save the world bullshit that will get crushed by regulation and litigation."
