VeChain (VEN) Announces First ICO On Its VeChainThor Platform
The Vechain (VEN) is currently carrying out the project’s Public Alpha Test with a target number of 100 community testers to kick it off. The project hopes to collaborate alongside prominent cybersecurity organizations in this endeavour with the public to participate in the Beta Test in June. It is with this progress, and the anticipated release of the MainNet version of the VeChainThor (VET) platform that the Plair projectintends on using the VET platform to launch its own ICO that starts on the 25th of May this year.
The CEO of the Plair foundation, Patrick Tang, had nothing but praise for the VeChain project:
VeChain brings to the table a powerful combination of professional advice, resources and community backing that is needed as a premium blockchain partner. We are excited to work together to pioneer a way to better serve gaming enthusiasts.
Plair will be a blockchain based eSports and gaming project that will allow users to play, watch and talk about gaming. The project aims at decentralizing streaming, content management and cloud gaming solutions.
Also to note is that the project will attempt to capitalize on the popularity of gaming as another ‘reality’ where players can now earn a living as professional gamers. We have recently witnessed many teenagers earning millions through gaming and the industry is growing at an exponential rate.
VEN is now in a position to be a the forefront of this industry with this news announcement.
With respect to market analysis, the crypto-markets are generally in the green due to the return of some stability in Bitcoin (BTC). The King of Crypto is currently trading at $8,330 and up 1.33% at the moment of writing this. Ethereum (ETH) is up 2.79% in 24 hours and currently trading at $712. Ripple (XRP) us up 2.59% and currently trading at $0.688 at the moment of writing this.
VeChain (VEN) is currently stable at the number 16 spot according to coinmarketcap.com. The token is currently trading at $4.35 at the moment of writing this and up 0.48% in 24 hours.