Vexchange updates vtho.exchange to include support for OCE, DBET, SHA, PLA, and TIC

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Shortly after the VeChain mainnet launched, users were desperately waiting for a method of converting their newly-earned VTHO to VET. The team behind Vexchange quickly put together vtho.exchange in response. Users could send funds to a smart contract which would automatically accept and send back corresponding amounts of the opposite token. Since the service was fully automated, it had many advantages over more centralized exchange options.

The smart contract could be accessed by entering a proxy address manually or by scanning a QR code, making the use of the service incredibly simple from within a mobile app. And since the contract never changed, users could save the proxy address in the mobile wallet’s address book. This way, they could exchange funds without ever having to leave the wallet.

A few months later, they officially launched Vexchange.io. It expanded beyond simple VTHO/VET swaps to include all of the VIP-180 tokens. It also allowed users to stake assets in the liquidity pools, earning trading fees as a reward. Users could connect a Comet or Arkane wallet, making asset management even easier.

Surprisingly, despite all the added features and options, many users still enjoyed using the simplicity of the QR code and saveable address. In light of this, Vexchange decided to update vtho.exchange to support VET/OCE, VET/DBET, VET/PLA, VET/SHA, and VET/TIC trading pairs. Each pair now has its own unique QR code, which links to the proxy address of the smart contract. Traders who like to swap often between these pairs can store the proxy address in their mobile wallet address book for future use.

We wanted to redo vtho.exchange to improve the service and bring it line with our vision for the rest of vexchange. We also saw a lot of traction for the vtho swap service and wanted to provide the same Web3 free UX for other tokens. Certain wallets don’t have inbuilt dapp browsers, users of these wallets may find vtho.exchange preferable to creating a second wallet for trading

Oliver Chalk – Co-Founder of Vexchange and vtho.exchange

Vexchange’s talented development pair of Kenneth Ashley and Oliver Chalk continue to improve their projects following their success in the VeChain developer bounty back in April. They plan to add statistics in their next update to Vexchange, so that users can monitor their trades and staking rewards. With new features such as VIP 191 being updated on the VeChain mainnet, there are many new ways for Vexchange and vtho.exchange to explore as they try to make token trading more convenient and user-friendly.

Vexchange added to the Discover section of the mobile wallet

Vexchange can now be accessed through the Discover section of the official VeChain Mobile Wallet. This provides a second method of quickly trading between assets.

https://twitter.com/bsc44_x/status/1151546613891883008

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MOU between DNV GL, VeChain, andDNV GL introduces new SMIT token and low-carbon ecosystem

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Monday, July 22 – DNV GL continued to push for more innovation towards lowering carbon emissions with their new proposal for a San Marino Low Carbon Ecosystem. The Memorandum of Understanding was signed by Sunny Lu (VeChain CEO), Andrea Zafferani (the Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation and Telecommunications), Sergio Mottola (the President of San Marino Innovation), as well as DNV GL Global Director of Digital Transformation, Renato Grotttola.

Andrea Zafferani, Segretario di Stato Segreteria di Stato per l’Industria, l’Artigianato e il Commercio, il Lavoro, la Cooperazione e le Telecomunicazioni della Repubblica di San Marino Sergio Mottola, Presidente San Marino Innovation - Istituto per l’Innovazione della Repubblica di San Marino S.p.A, Renato Grottola Global Director – M&A and Digital Transformation, DNV GL – Business Assurance, Sunny Lu CEO of VeChainSource: DNV GL

“We are particularly proud of this Memorandum of Understanding that certifies the Republic of San Marino as the ideal place to foster a culture of experimentation and bring blockchain to our everyday lives. We’ll give life to a project that will directly engage  citizens and reward their sustainable behavior, while also meeting the country’s demands in regards to CO2 emissions reduction, water saving and waste disposal and management. Our ambitious goal is to become the first zero-emissions country in the world.”

Andrea Zafferani, Republic of San Marino Secretary of State for Industry, Trade, Business, Cooperation and Telecommunications

What is a low-carbon ecosystem?

The purpose of a low-carbon ecosystem is to incentivize cleaner activities. DNV GL and VeChain first collaborated on a blockchain-based low-carbon ecosystem in China, working with major multinational partners like People’s Insurance Company of China, BYD, Bright Foods, as well as top local hospitals and universities. The plan was to reward eco-friendly behavior with credits that can be used towards useful products or services. For example, users who take advantage of BYD’s electricity-powered hybrid vehicles would be entitled to spend their credits on premium medical care at the prestigious Renji Hospital in Shanghai.

The San Marino Innovation Token (SMIT) will be the reward for CO2 emissions reduction, water conservation, and waste disposal and management. This is a landmark achievement for the blockchain industry, as it’s the first government to implement a public chain for assistance with environmental protection.

The China-based low carbon ecosystem, powered by the CVCT token, is expected to launch later this summer. The SMIT-powered ecosystem has a bit further to go with development, but has already been in development for over a year, according to San Marino Innovation President Sergio Mottola. Both of these tokens should bring increased volume to the VeChain mainnet, which already ranks in the Top 10 of most used public blockchains. Additionally, they should serve as an example of how blockchain technology can be used by government organizations to improve citizen services within a country.

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Weekly Update – July 19th

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July 16th – 1.1 million clauses:

With this new record high, VeChain’s daily mainnet activity catapulted into third highest for all public chains. More impressively, 99.74% of this transactional volume came from enterprise dApps, burning over 35 million VTHO. The mainnet now has over 10.7 million clauses (previous monthly high was 5.3 million) with only two-thirds of the month gone. With an average of over 500K clauses per day this month, VeChain is steadily climbing up the rankings of busiest public chains.

Official Mobile Wallet Update:

The VeChainThor Wallet (v1.4.1) expanded the functionality with some new features. Tokens amounts can now be displayed in legal currency values, while VTHO has been restored to its former position below VET on the asset list.

More importantly, users are now able to access Vexchange’s decentralized exchange through the discover tab. This allows users to buy or sell VET and other tokens (such as VTHO or EHrT) without having to leave the wallet.

Vexchange’s VTHO to VET token swaps within the mobile wallet.

Strategic funding in Jur:

Jur have signed a Strategy and Development Agreement with VeChain. This includes an investment to help Jur provide legally compliant blockchain solutions for businesses using the VeChain blockchain as a technical framework. As one of the newest projects entering the VeChain ecosystem, the team’s impressive professional background and connections to European and San Marinese regulatory organizations are sure to catch the attention of future investors.

“As VeChain we decided to invest and select Jur as the infrastructural partner for the legal solutions on blockchain. It is invaluable to create solutions for enterprises for creating legally binding agreements on-chain in an easy way and solve disputes easily and we as VeChain are focused on adoption by businesses. We welcome Jur as our Partner and foresee a great level of use by the community”

Sunny Lu, VeChain Foundation CEO

OceanEx’s Big Week

The biggest announcement was that they had raised millions of dollars in Series A funding, allowing them to move forward with their next steps towards global compliance as a top exchange. They announced that in addition to an IEO platform, they were also planning on rolling out Fiat-to-Crypto services by the end of the year.

On July 20th, OceanEx will have a global meetup in Frankfurt. In addition to team members, VeChain CEO Sunny Lu is expected to be in attendance, as they jointly answer questions while exploring new collaborations with partners and community members. For those who missed it, they also listed Ravencoin (RVN/VET, RVN/USDT) and Decred (DCR/VET, DCR/USDT).

5th Annual China International IoT Expo in Xiamen

July 11th-13th had VeChain’s CTO Gu Jianliang representing the foundation at the international event. An impressive collection of attendees included Huawei, Alibaba, Tencent, China Telecom, China Unicom, China Mobile, Amazon, and a number of universities and institutions.

Gu Jianliang’s speech entitled “Scenario Driven Application, Linking Limitless Possibilities” was delivered during the RFID Industry Application and Innovation Forum. He discussed the combination of RFID and blockchain while also introducing ToolChain and VeChain.

Third Party Projects

Cecil Alliance:

The project dedicated to building the Internet of Animals released their first article in a series entitled Discover Cecil. It covered a section from their upcoming whitepaper, which should be released later this month.

Plair:

The gaming platform released their quarterly update which featured a summary of their last three months as well as a look ahead to the future. They announced new additions to the team, as well as plans to move from alpha testing to public beta by the end of next month.

Decent.BET:

Three weeks after their launch on PlayDecent.gg, the platform announced their new ad series to target new users. Gamers are now able to compete for tokens in PUBG, APEX Legends, Rocket League, DOTA 2, Fortnite, and Hearthstone, with Magic: The Gathering expected to launch in two weeks.

https://www.youtube.com/watch?v=BUqe–O53dE

Lastly, a reminder to keep an eye on the X-Node transfer market as one node sold for only 10,000 VET. With the average price around 400,000 VET, this was quite a bargain. Using email notifications from the Wallü wallet tool, you can be notified if someone lists an X-Node below or at a certain price point.

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Episode 8: Walmart, VIP-191, and Crosschain

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Hosts Kenneth Ashley (Co-founder of Vexchange) and Ben Yorke (Vechain101.com) discuss the mainnet from a developer’s standpoint with Oliver Chalk (Co-founder of Vexchange). After discussing their opinions on the Walmart China integration, they look towards the future of the mainnet to see how new technologies can improve the blockchain’s overall usability. 

 

 

 

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VeChain Tokens – A simple but powerful web-based tool for Sync

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VeChain Tokens is the latest addition to the VeChainWorld.io tool hub. Advertised as a token transfer and inspection tool, it has plans to incorporate some of VeChain’s most powerful features. VeChain Tokens can be visited inside the Sync browser, allowing the user to control their wallets and manage the various VIP-180 tokens, including OCE, SHA, EHrT and others. It was also one of the first dApps built with Connex, the set of API’s designed by VeChain for browsers to interact to the blockchain with.

To use VeChain Tokens, visit https://vechaintokens.abyteahead.com/ or directly on the Github from within the Sync browser.

VeChain Tokens stands out for its ability to process hundreds of clauses within one transaction – allowing users to instantly create payments to unique recipients all around the world. Currently, the largest payment sent close to 400 recipients in one transaction, used by a project’s HR department to distribute funds. Users can access this feature by saving multiple addresses into a .csv file, and then upload it directly into the web-based tool.

As a monitoring tool, VeChain Tokens allows users to save addresses in the interface, so that they can quickly track balances, including accounts that don’t belong to them. This comes in handy when monitoring well known accounts such as foundation accounts or addresses used for donations.

Still, the most important features are yet to be released. With the imminent mainnet update scheduled for late July, VeChain Tokens can roll out a host of new features.

Upcoming Features

Users sending mass transactions using a .csv file will be able to create a graph of the completed transaction. This data tree can be a valuable accounting tool, as it provides a record of the token flow for these complex multi-recipient transactions.

Using VIP-191, users can send tokens without using VTHO. Instead, VeChain Tokens can pay the transaction fee, while subtracting a small compensation fee from the original token balance. This removes some of the complication of the two-token economic model, allowing users to transfer tokens without having to buy VTHO on an exchange. Learn more about VIP-191 here.

There are a lot of possibilities stemming from the release of the new mainnet update. One example of the ETH-CONST optimization is the possibility of generating known-address new contracts on chain controlled by a single master contract, this opens the availability of many new tools, for example, building multi-address wallets for a single user on-chain. VeChain Tokens will explore the possibilities of using this, which could give users the ability to generate child accounts from their main wallets. These child accounts will be fully controllable by the root account, giving users more privacy when receiving tokens. Other developers will be able to leverage this feature and create more meaningful applications.

Community Development

VeChain Tokens is another tool to come from the community. The developer, who goes by the name of AByteAhead on vechainworld.io, has years of experience developing on blockchain projects, bringing a deeper understanding of the challenges blockchain users face when trying to adopt new solutions.

Users should download and install Sync to take advantage of these great blockchain tools. In the future, VeChain will release another tool, known as My-Tokens, a user-friendly way to send and receive VIP-180 tokens. Developers wishing to have their tokens listed there are welcomed to submit them using the token registry GitHub.

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