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


Sunny Lu is the founder of the 18th 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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide