The latest VeChain news show that VeChain was recognized as one of the most valuable startups worldwide by Early Metrics. The company and project were praised for their potential and their latest financial report, which shows where all the activities and funds are allocated.
In fact, the new article shared by VeChain noted that Early Metrics (a world renowned rating agency for startups and innovative SMEs) has recognized the coin as one of the fastest growing startups. They looked at the development and growth logic, market positioning, technical professionalism, and operational implementation in all set objectives.
Our CEO @sunshinelu24 is attending the China-Singapore Dialogue to share insights on VeChain's experience in blockchain integration within our clients and explaining the unique features of VeChainThor blockchain.
— VeChain Foundation (@vechainofficial) July 2, 2020
Despite the latest coronavirus news and the pandemic, we can see that VeChain has been able to advance the development of its proprietary technology. For some applications including the E-HCert, COVID-19 was even a catalyst and supporter for the acceptance of the app. In this manner, VeChain introduced the app in cooperation with I-Dante, enabling the storage and management of the test results of COVID-19 and RT-PCRs as well as rapid tests.
Besides this, VeChain was recognized as a strategic partner in another joint venture – the one with Sarah Regensburger at the end of February, which aimed to track products along the value chain. The network has also partnered with one of the world’s largest natural gas producers named Shanghai Gas, to build an “energy-as-a-service” ecosystem.
In the financial report that was shared in the cryptonews, we can see that the amount of VET in circulation (around 64,315,576,989) has remained unchanged compared to the previous report. The quantity which in circulation accounts for around 75% of the total supply, while the other part is in soft lockups. The image below sums all of the VET available out there and where it is allocated.
With the VeChainThor ToolChain solution being touted as a major upgrade in the network, the price of VET can rise even more. VeChain was recognized as a great cryptocurrency because of this.
The price of VET is still on the upswing and as it added almost 6% in the past 24 hours, many expect it to go from the current $0.0092 to the $0.01 mark soon.
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