Why I think VENchain is one of the best unknown ALTS atmsteemCreated with Sketch.

in #cryptocurrency7 years ago

So ven basically had a huge annoucement recently called apotheoisis. One of the best parts of the announcement was probably the master node system. Here's a bit of a summary why this announcement has added massive value/potential for this coin IMO. You can check out the full article on this medium link.
https://medium.com/@vechainofficial/vechain-apotheosis-the-beginning-d9f0fdbdc910

Here we go.
Based on cmc's circulating supply for VeTHOR of 277mil:
Thrudheim Authority Masternode costs 250,000 VeTHOR. Total of 101 Thrudheim nodes.
101 x 250,000 = about 25mill
Roughly 9% of the circulating supply will be taken out of circulation for said Thrudheim nodes by dec 21st GUARANTEED. You might as well think of it as a token burn. There will always be 101 Thrudheims at 250K each. The moment one drops out, another will take its place, so this is a constant number (25million).
Then you have Mjolnir nodes (150k), thunder nodes (50-150K), and strength nodes (10-50K).
The other 3 types of nodes have no quantity restriction. There is no upper bound to how many will be taken out of supply. (DASH has 4745 masternodes atm, 1,000 per node).
25million will be taken out of circulating supply just for the nodes, or about 9% of circulating supply.
-Major exchange listing VeTHOR this month
-Partnership announcement event January
-Mainnet Mid 2018
-Full Economic model for VeTHOR releasing mid-late January
-Upgrading development plan
-Rebranding event mid January
-Partnered with GNV GL Assurance, PWC(37.7 billion/yr), Kuenhe & Nagel (20 billion/yr)
-CEO Sunny Lu used to be CIO of Louis Vuitton
-Automotive maintenance records solutions
-Luxury goods solutions
-Agriculture Solutions
-Cold Chain solutions
-Logistics solutions
-Retail solutions
-Luxury wines solutions
Thus, why I believe VeTHORs are one of the better holds in the market in my opinion.

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I like the supply limit on this one, I was considering a position on this one but did not dig too deep into it. Thanks for the info friend. Resteemed.

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