It’s been awhile since we looked at all the tokens on the VeChain platform. Over the last few months, a few new tokens have joined the official VeChain wallet, bringing the total to nine. Let’s take a quick look at each one from a development perspective, and see what positives or negatives there have been.
The Newcomers
SneakerCoin – SNK
While the name leaves a little to be desired, the team has been very active in recent weeks publishing content in both Chinese and English. Their plans to launch a social media platform, resale marketplace, and a host of other features could be effective, especially considering the popularity of the current global sneaker resale market. The core team and branding strategy is quite strong, and by targeting streetwear enthusiasts, they may succeed in bringing new faces into the cryptocurrency and blockchain industry. In addition to helping verify authenticity, SNK can help users digitally claim ownership of their products, which gives brands and customers a whole new way of interacting with the streetwear community.
8Hours – EHrT
8Hours has a monumental task ahead of them – releasing a tabletop gaming device, complete with software, games, and an entire blockchain platform as well. The team certainly knows how to prepare a full workload, but seemed confident that they would begin shipping the PlayTable devices by the end of the year. They recently announced a partnership with COOP, a modern daycare experience that focuses on education, parent/child interactions, and active lifestyles. 8Hours is also developing Toy-Reality, RFID-based toys that interact with the PlayTable, while storing unique toy-related data on the blockchain.
Source: 8Hours Medium
Jur – JUR
As the first IEO on OceanEx, people got their first taste of what Jur calls decentralized LegalTech. Their first project, called the Jur Beta Platform, lauched a few weeks later, and despite some bugs, does show the progress this project has been making. A hectic series of speaking events slated for October also shows the commitment of the team, who recently teased the announcement of new academic partners and a staking model designed to increase rewards for holders. Jur’s maturity and focus on compliance is still quite extraordinary in this space, and will hopefully translate into improving the enterprise experience in the VeChain ecosystem. Jur is a FINMA (Swiss Financial Market Supervisory) compliant token that recently became the first strategic dApp partner of San Marino.
The Mainstays
OceanEx – OCE
OceanEx continues to launch new products, including CryptoFarm (Asset Growth Platform), OceanEx Go (IEO Launchpad), and OceanEx Turbo, a platform for buying discounted tokens from projects looking to list quickly. They also announced a partnership with Cornell University’s Research Lab to study ways to improve machine learning and predictive models for exchange trading activities. They held a number of offline events, including an Amsterdam meetup, and offered more benefits to their OCE Club members. They also announced that fees from OCE Club members will be burned, and that their Fiat-Crypto gateway would be available before the end of the year.
Plair – PLA
After a long spell of development, Plair Beta is available on the mainnet, with titles CS:GO, DOTA, and Team Fortress 2. Users can take part in tournaments and win PLA tokens, in a fully automated and fair environment. Plair has promised more users, features, and matches in the upcoming weeks, so it’s probably wise to keep an eye on their social media accounts.
Decent.Bet – DBET
Playdecent.gg is live, allowing users to play popular games like Fortnite, Apex Legends, Rocket League, and many more. Users can win tokens by winning matches, tournaments, and completing quests. Currently this is the most used dApp on the VeChain platform according to dappradar.com. Decent.Bet’s platform will also be used in the Lightning Cup, a 200 person live tournament held in the Las Vegas HyperX Esports Arena. There will be up to $10,000 in prizes, and the event is part of World Crypto Con.
Safe Haven
Safe Haven edged closer to releasing their digital asset inheritance plan with the announcement that their hardware wallet SafeKey was available to order on safetech.io. These compact hardware devices can act as a 2FA device for logging into exchanges and platforms, as well as to securely store your keys directly on the device.
The Disappointments:
TicTalk – TIC
In late June, TicTalk publicly apologized after a failed attempt to manipulate the market on a second IEO. There were then rumors of them seeking investment from GOSChain – a national oddity in China that claims to be founded by a state-owned company yet exhibits all the signs of a classic multi-level marketing scheme. Latest rumors have it that all remaining offices have been shuttered, with employees partially compensated for owed salaries through old office equipment.
Bitagora – BAG
Ever since VeChain101 previewed this token in early June, there hasn’t been a single update that we’ve picked up on. The price has been steadily trending downwards on OceanEx, meanwhile the Telegram linked by the website has 2 users in it and has been inactive since last November. Probably not a whole lot more to say about this one.
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