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VeChain (VEN) Price Dominates as Binance declares 100 mil Airdrop

VeChain – Binance take center stage in the cryptoverse as the exchange announces a very welcoming event. On August 1st 2018 a 100 million VTHO token airdrop will happen for all the platforms users. It was let known via the Binance twitter page.

The airdrop will happen for all users who hold VET on the exchange by August 1st, and the tokens will be distributed on August 5th. At present, $3 million is the overall market value of 100 million VTHO tokens.

Two days ago, on the 24th of July, Binance announced that it had completed the VEN Mainnet swap to VET and based on the promised ratio of 1 VEN = 100 VET. The exchange also announced that trading on VET would resume using the base pairs of BTC, ETH, BNB and USDT.  The announcement also stated that:

All prior VEN balances have been removed and all VEN trading pairs have been delisted from the exchange.

Based on the VEN/VET distribution ratio, the opening price for VET will be one hundredth of the last traded VEN price. The exact prices are listed below:

VET/BTC 0.00000240
VET/ETH 0.00003941
VET/BNB 0.00149200
VET/USDT 0.018319

Accordingly with the above-mentioned announcement, the pair VEN/USD is clearly taking charge of the crypto-verse. Only in the last 24-hours it gained 22.39% in price against the US Dollar, changing hands at $2.45.

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Source: coinmarketcap

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