Saturday, April 10, 2021

VeChain’s Decentralized Exchange “Vexchange 2” To Go Live on Testnet On 15th March

As a report has it, VeChain’s first decentralized exchange, known as the Uniswap of the VeChain network, is releasing “Vexchange 2” on the testnet in about 5 days’ time.

The upcoming development was shared via the official Twitter handle of the VeChain’s decentralized exchange, Vexchange a few hours ago.

Read Also: VeChain (VET) Wins Innovative Green Technology Award at China Green Economy Summit 2020

“Vexchange 2 on testnet on the 15th.”

VeChain Foundation Unveils First Decentralized Exchange Vexchange

Sometimes in early-October 2020, VeChain Foundation welcomed the first decentralized exchange known as Vexchange, with the aim of making it the Uniswap of the VeChain network.

VeChain Foundation announced the development as follows:

“A big congratulations to the first DEX on VeChain – @VexchangeIO for the milestone! We are proud to have been able to support dApps, projects and startups that are running on VeChain. Switch to VeChain & don’t forget to apply for the Foundation Grant!”

Read Also: A DEX Aggregator, Totle Integrates With Chainlink to Leverage Its External Adapter Technology

According to the report, the development of came from the VeChain Grant program. The developers involved received the sum of 20,000 USDT from the program to build the decentralized exchange.

DNV’s Tag. Trace. Trust Built On VeChainThor Onboards Norsk Hydro

As reported a few days ago, Tag. Trace. Trust, a new DNV Assurance service built on VeChainThor, has onboarded a new client, Norsk Hydro, one of the world’s largest aluminum companies.

In the tweet that announced the new development, DNV Assurance urged its users to learn how blockchain helped prove their level of sustainability using verified data.

DNV Assurance tweeted, “Customers want to make greener buying decisions, based on facts and not just promises. Join our webinar, with Norsk Hydro, to learn how our blockchain solution helped prove their sustainability claims with verified data.”

Read Also: VeChain (VET) Goes Live On Exchange

Reacting to the pilot, Head of Sustainability at Norsk Hydro, Bjorn Kjetil Mauritzen said:

“The aim of the blockchain pilot is to test a platform that supports manufacturers and brands to back their sustainability claims with verified data. This will allow them to trace the metal from the factory gates until it reaches the customer.”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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