Vechain Rebranding. What does this entail? Why is this beneficial?
VeChain Thor will mean that VeChain is going to migrate from the Ethereum network, as it is a fork of Ethereum now, to its own blockchain mainnet. It will adopt a two-coin economy (similar to NEO and Gas), with the primary token being VET and the token used to power transactions being known as Thor.
For investors, this has two big benefits. Firstly, it will allow VeChain to distance itself from the volatility of Bitcoin, Ethereum, and the cryptocurrency market, because it will have its own enterprise network. Secondly, all VET tokens (redeemed 1-1 with the current VEN tokens) will generate Thor tokens every day. These Thor tokens will be tradeable on exchanges and could be a passive income for long-term investors.
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