FA,
- BaaS that has supply chain management solutions. Brings IoT and blockchain together to understand supply chain better.
- E-tags on goods to be tracked. Transparent and immutable.
- POA : proof of authority.Not fully decentralized but scalable.
- VTHO earned through staking VET. VTHO are lower level tokens used to pay for transactions
- 70% of VTHO paid in each transaction is destroyed and the 30% is awarded to authority masternode operator(AMO). This results in a natural supply constraint. With added usage, more VTHO is required with a suppressed supply. Bear in mind that the only way that VTHO is generated is through staking VET. This pushes up demand for VET. Hence, the value of VET is directly related to the amount of activity taken place in the blockchain.
- Battle against counterfeit through e-tags/ Build more trust with end consumer / Ensure product quality through the value chain.
- Capped supply of $87Bn. Scarcity = Value? Econ 101.
- Authority nodes need 25Mn minimum VET. Currently there's 101 masternodes. Total of 2.5Bn locked up that are off the float. Economic(4.5bn) and Economic X nodes(11.2bn) with other minimum holdings and lower voting power than authority nodes need to have VET locked up to maintain their voting power. 25% of VET locked up. Those who hold VET also have a direct incentive to accelerate adoption.
- Great partnerships : PwC, LVMH, H&M, Most of the insiders have previously worked in PwC and LVMH
My take,
As a quality engineer, I have seen how frustrating it is to track part details including quality reports, previous inspection records, reported issues, revisions, rework, etc. Most times, way too much time is wasted on tracking back to the root cause than actually solving the problem and mitigating it in the future.
Writing down serial codes manually and storing them is highly inefficient. Instead, scanning them in each station to update with latest information will enhance productivity.
Not only will this make manufacturing easier, it will also be more credible when the final product is presented to potential customers. There's no second guessing or any room for doubt when all the details of individual components are recorded with 100% accuracy. Quality wins.
Recently, I have focused on spending more time on research on companies that solve a real problem and save enormous amounts of times for its users. Google, Facebook, Amazon and Apple have aced this concept which is justified by their trillion dollar market capitalizations.
VET is more of a pick and shovel play that supports big organizations to improve both their supply chain efficiency and resiliency.
TA,
- MACD golden cross
-200ema Bounce
- Lower bollinger band
- Holding long term weekly support
- Could be a shakeout and forming a base. Better to wait for confirmation but we all know that when crypto confirms, it's already run up 100%.
Concerns,
- High volume on red days. 3rd september, 5th september
- Great concept but everything depends on adoption and execution.
Entry : Market 0.0132
Short term TP1 : 0.0148 (+12%)
TP2: 0.017 (+31%)
SL:0.0106
Credit where its due,
Follow Coin Bureau on Youtube to keep up with crypto.
- BaaS that has supply chain management solutions. Brings IoT and blockchain together to understand supply chain better.
- E-tags on goods to be tracked. Transparent and immutable.
- POA : proof of authority.Not fully decentralized but scalable.
- VTHO earned through staking VET. VTHO are lower level tokens used to pay for transactions
- 70% of VTHO paid in each transaction is destroyed and the 30% is awarded to authority masternode operator(AMO). This results in a natural supply constraint. With added usage, more VTHO is required with a suppressed supply. Bear in mind that the only way that VTHO is generated is through staking VET. This pushes up demand for VET. Hence, the value of VET is directly related to the amount of activity taken place in the blockchain.
- Battle against counterfeit through e-tags/ Build more trust with end consumer / Ensure product quality through the value chain.
- Capped supply of $87Bn. Scarcity = Value? Econ 101.
- Authority nodes need 25Mn minimum VET. Currently there's 101 masternodes. Total of 2.5Bn locked up that are off the float. Economic(4.5bn) and Economic X nodes(11.2bn) with other minimum holdings and lower voting power than authority nodes need to have VET locked up to maintain their voting power. 25% of VET locked up. Those who hold VET also have a direct incentive to accelerate adoption.
- Great partnerships : PwC, LVMH, H&M, Most of the insiders have previously worked in PwC and LVMH
My take,
As a quality engineer, I have seen how frustrating it is to track part details including quality reports, previous inspection records, reported issues, revisions, rework, etc. Most times, way too much time is wasted on tracking back to the root cause than actually solving the problem and mitigating it in the future.
Writing down serial codes manually and storing them is highly inefficient. Instead, scanning them in each station to update with latest information will enhance productivity.
Not only will this make manufacturing easier, it will also be more credible when the final product is presented to potential customers. There's no second guessing or any room for doubt when all the details of individual components are recorded with 100% accuracy. Quality wins.
Recently, I have focused on spending more time on research on companies that solve a real problem and save enormous amounts of times for its users. Google, Facebook, Amazon and Apple have aced this concept which is justified by their trillion dollar market capitalizations.
VET is more of a pick and shovel play that supports big organizations to improve both their supply chain efficiency and resiliency.
TA,
- MACD golden cross
-200ema Bounce
- Lower bollinger band
- Holding long term weekly support
- Could be a shakeout and forming a base. Better to wait for confirmation but we all know that when crypto confirms, it's already run up 100%.
Concerns,
- High volume on red days. 3rd september, 5th september
- Great concept but everything depends on adoption and execution.
Entry : Market 0.0132
Short term TP1 : 0.0148 (+12%)
TP2: 0.017 (+31%)
SL:0.0106
Credit where its due,
Follow Coin Bureau on Youtube to keep up with crypto.