VeChainThor [VET] Wallet Trending on Google Play within a Day of Release

Achal Arya
July 10, 2018
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vechainthor wallet

Despite just release, VeChainThor Wallet has secured 1k downloads and already trending on Google Play. Available on both Android and iOS platform, the wallet which is chock full of features is for post swap VET only. As the popularity of wallet and VeChain’s partnerships increases, it is progressing towards a valuable future.

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VeChainThor wallet: #3 Trending finance

Just a day back, VeChain Foundation released its official VeChainThor Wallet App. It took to Twitter to announce the launch of wallet app for both Android and iOS (Apple) platform. Just days in the release and it is already trending on Google Play store.

At the 3rd spot in Trending Finance, it has already got 1k downloads with a 5 rating. VeChain also tweaked its logo slightly adding a bit more flare to it that has mixed reactions from the audience.

Now available on both Apple App Store and Google Play App Store, it will enable the users to start receiving the Thor Power (VTHO) tokens so that they can hold their VeChainThor tokens (VET) once the migration is completed.

A blockchain-as-a-service company, VeChain aims to reward the businesses that hold VET. The newly released app of VeChainThor plans to be a powerful, secure and fully functional portal to its VeChainThor blockchain.

VeChain blockchain has been already used by a number a business from different industries. Now, with this cold storage wallet which is a mobile app, VeChain team has come up with a multitude of features as stated,

“The VeChainThor Wallet will be the portal to all kinds of Dapps on the VeChainThor Blockchain. This wallet will be chock full of features, services, and opportunities that the word wallet may even be limiting.”

Also, read: VeChain Tackles GDPR Compliance to Ensure VeChainThor is the “Vanguard” for Mass Adoption

On the road to growth

Having gone through third-party audits, the wallet is claimed to be one of the most secure ones in the market. This wallet will further allow the users to see their balance while performing the token swap.

VeChain also intimated the users not to send their ERC20 tokens to VeChainThor Wallets and provided complete instructions for the same.

A Redditor explained,

“This is for post swap VET only. The transfer service in the wallet will not be live until the end of the month and uses an intermediary address. IF YOU SEND VEN TO YOUR WALLET, IT WILL BE LOST.”

At the time of writing, VEN has been at $2.33 with a loss of 6.11 percent in the past 24 hours. It is also down by 4.58% and 0.98% in BTC and ETH market respectively. According to the Coinmarketcap, it is currently ranked 19th while having a market cap of $1.28 billion with a daily trading volume of $59 million.

Though the price has been on a constant downward movement for the past 7 days, the entire crypto market has been somewhat experiencing the same trend. As the wallet gains popularity and VeChain continues to make substantive collaborations, VeChain surely has a valuable future ahead.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.