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VeChain is all set to launch X Node series – VEN ready for a bull-run?

Sthuthie Murthy



VeChain [VEN] is all set to launch X Node series - VEN to turn bullish?
Source: Wikipedia

The X Node series snapshot is scheduled for tomorrow, exactly at 12 PM UTC+8. There are many other traceable wallets within 1 to 5 VETS demarcating it as an X Node.

In less than a day, the deadline period to own VEN/VET tokens or a chance to build a VeChain starter node with 6,000 VEN will end. After the recent dip in the market prices, VEN declined to $3.11 and slightly raised to $3.60 again.

VeChain recently announced on Twitter:

“REMINDER: The X Node series snapshot will occur at exactly 12PM UTC+8 on Mar 20th. There will not be another opportunity to secure an X Series Node. Currently, there are a lot of trackable wallets within 1 to 5 VET away from being classified as an X Node.”

The starter nodes can be updated later but is the only chance to get on the ladder with very few coins. A node can be built later on, anytime starting at 10,000 VEN.

Aranka Jason, a trader tweeted to this news as a request:

“Can you extend the opportunity for X Node lock up until main net launch? It takes a week for Coinbase to get fiat deposited and then have the ability to actually buy VEN on an exchange.”

The staking the coins produces another digital asset of unknown value, the VeThor token. Another added advantage of being the owner of an X Node is the maturity period or the requirement to hold and stake the coins for pre-set time duration. The new lighter nodes owners will have enough time until their coins mature.

The most awaited VeChain main net launch is planned alongside the rules for staking system.

VeChain is currently trading at $3.60 with a 5.89% increase in the last 24 hours.

It is listed in the top 20, standing at 16th position in the global coin market. It is traded in exchanges like Lbank, Binance, and Huobi.

John Cameron, a Twitter user says:

“Due to technical issues with the Qryptos exchange, my withdrawal is pending since 03/10 and possibly it will not get through before the deadline. I will miss an x node and there is nothing I can do about it. I feel helpless when I wanted to be excited and a part of this launch.”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.