Founder Of VeChain (VET) Hints At Possible BMW And Renault Partnership, Causes Price Spike

Sunny Lu is the founder of the 18^th largest cryptocurrency by market capitalization and his share is growing rapidly. This week, he discussed the future of his network on YouTube.

In his YouTube message, Lu praised VeChain’s community and stated that it is one of the best examples of a crypto-community. Lu cited X-node extension binding time window and mentioned that it is one of the main actions the team took due to the community’s input. The reward pool features 15 bln VET tokens.

Lu also commented about MainNet, stating that everything is proceeding according to plan – 90 percent of VEN turned into VET. Further, he is happy with the new protocol, Multi Task Transactions and how it was rolled out, as it makes it possible to issue various transactions into a major one.

The platform recently reached about the 100,000 trx mark and with that, the platform recently identified that it is looking to adopt VeChainThor. At this rate, the platform is at 1.5 transactions per second and it features many centralized payment options. The platform’s VeVID service also makes it possible for users to verify their identity. In this process, Lu also mentioned that another partnership may be added to the current line-up of automotive companies, which include BMW and Renault.

John P. Njui explained in a VET Post that OceanEX is powered by AI and that it is a digital asset trading platform within the VeChainThor Ecosystem. The platform applies AI technology and it provides and actively protected and ultra-liquid cryptocurrency trading market. The platform also features full-fledged quantitative trading capabilities, a rich set of investment tools, and so much more.