VeChain’s native cryptocurrency, VET, has been integrated into Coinbase’s educational program, allowing users to earn free VET tokens.
Coinbase’s inclusion of VTHO alongside VET further emphasizes the growing importance of supply chain management across various industries.
VeChain, an enterprise-grade Layer-1 smart contract platform, has now made its native cryptocurrency VET a part of Coinbase’s educational program. Coinbase rewards users for learning the basics about specific cryptocurrencies, usually through short videos.
Coinbase provides educational tutorials that delve into the world of different cryptocurrencies. After completing each tutorial, participants are given a simple quiz to test their understanding of the subject matter. Users can earn cryptocurrency by successfully completing the quiz, as Coinbase deposits the reward into their account.
VeChain’s inclusion in the Coinbase educational program will enhance awareness of the blockchain platform. In addition, users can also earn free VET tokens by learning about VeChain through the Coinbase program.
VeChain is a specialized blockchain platform dedicated to streamlining supply chain management and overseeing enterprise business operations. Within this network, two tokens, VET Coin (VET) and VeThor (VTHO), play important roles. VET facilitates transaction settlements within smart contracts, while VTHO is used to cover gas fees associated with network transactions.
Coinbase’s involvement with VeChain highlights the increasing importance of supply chain management across different industries. Through blockchain technology, companies can effectively track the origins and journeys of their products, enhancing transparency and building consumer confidence.
This recent announcement follows Coinbase’s decision to list VeChain (VET) tokens on its platform.
VeChain and Recent Developments
Launched in 2015, VeChain utilizes a unique dual-token system. VET serves as the primary token for value transfers within the network, while VTHO is the secondary token used to cover transaction fees. With its addition to Coinbase, VTHO can now be traded alongside VET.
VET plays a crucial role in the future of blockchain markets by facilitating transactions and supporting smart contracts. VET holders have access to various services and features, including the ability to earn rewards through staking and participation in VeChain network operations. This allows VET users to actively engage in the platform’s governance and decision-making processes.
VeChain has gained attention not only through its listing on Coinbase but also through a significant upgrade to VORJ, a pioneering Web3-as-a-Service platform. This upgrade aims to democratize the world of blockchain.
With this enhancement, individuals can easily create, deploy, and manage smart contracts on the VeChainThor blockchain using VORJ. The new feature allows users to mint up to 5,000 NFTs on VORJ each month at no cost, eliminating the need for complex blockchain coding. Users can quickly deploy NFTs to a marketplace within minutes. Furthermore, VORJ’s collaboration with World Of V provides direct NFT marketplace integration, making the process even more user-friendly.
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