Vechain as recently launch its own Mainnet, and on July 25th Binance officially announced the listening of Vechain (VEN) on what is usually a catalyst for immediate strong gains for the announced token.
VET trading is now live on Binance!— VeChain Foundation (@vechainofficial) July 25, 2018
Also a reminder that the 🎁VET Token Swap Daily Lucky Draw🎁 event starts in less than 12 hours! Wish you all the very best luck! pic.twitter.com/Vu8nLmhYHw
The reaction although was not quite felt until yesterday where a significant pump as occurred backed by another announcement from binance of an VTHO airdrop to VET Holders.
To celebrate the launch of the VeChain (VET) mainnet, the VET team has provided 100 million VTHO tokens to be airdropped to all Binance users holding VET.
The 100 million VTHO will be split between all users holding VET at 2018/08/01 00:00 AM (UTC). The amount of VTHO airdropped to each VET holder will correspond to their percentage holding of the total VET balance held by all Binance users at the time of the snapshot.
VET balances under 1 VET (including those in trade orders) will not be eligible for the airdrop.
Distribution of this airdrop will be completed prior to 2018/08/05.
This airdrop is independent of the normal monthly VTHO distribution.
According to CryptoProbe Ven is up 20,31% on the 24h.
Also read: What Is VeChain? (VEN, VET)