The Currency Analytics
By Steven Anderson
VeChain Project specializes in blockchain and IoT technologies. The project provides for real-world business applications.
Breyer Capital, DNV.GL, Draper Dragon, Fenshui Capital, Future Cap, and PWC are the major investors.
Vechain integrates with the actual business ecosystems in the real-time world apart from bringing in the digital world.
Sunny Lu, Vechain founder, recently stated that the price of most of the tokens is arbitrary.
He felt that there is no accurate method for the valuation of projects in this industry. The value is just a speculation and is not related to the true value of the projects.
Eddy Travia, co-founder and CEO of Coinsilium, further turned on a debate about how to separate the value of the token from the value of the project.
Greg Wasserman, co-head of principal investing at Galaxy Digital, stated when everything is talked in terms of value, it can undermine innovation.
VeChain is solving real-world economic problems. Operations are underway to create new services for future adoption.
Sunny Lu states that they have started with the significant first steps towards mass adoption.