The price VeChain grew in a matter of hours after the unexpected announcement of the leading cryptocurrency exchanges Binance.
At the time of this writing VeChain increased by about 25%, and the current price is 2.47 dollar on CoinMarketCap.
A sharp increase occurred after Binance announced airdrop (airdrop), 100 million VTHO for customers whose balance is VeChain.
#Binance 100 Million #VTHO Airdrop for #VET Holdershttps://t.co/kYvQvu4XXa pic.twitter.com/R4xEAjudZ8— Binance (@binance) July 26, 2018
VTHO is, in fact, the currency of the new blockchain VeChainThor, similar to the token from the NEO GOS.
Airdrop will happen for all users who as at 1 August balance will be VET. New tokens will appear on the balance sheets of users 5 Aug. The total market value of all 100 million tokens VTHO, which will be issued, currently is about 3 million dollars.
Last month VeChain successfully launched its network. The startup is based in Singapore and focused on providing blockchain services to various corporate companies, focused on supply chain, state-owned enterprises, transport companies, etc.