{"id":564213,"date":"2020-10-14T16:55:57","date_gmt":"2020-10-14T13:55:57","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564213"},"modified":"2020-10-14T16:55:57","modified_gmt":"2020-10-14T13:55:57","slug":"vechain-vet-celebrates-its-first-dex-vexchange","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/vechain-vet-celebrates-its-first-dex-vexchange\/","title":{"rendered":"VeChain (VET) Celebrates its First DEX, Vexchange"},"content":{"rendered":"<p><strong>Summary:<\/strong><\/p>\n<ul>\n<li><strong>VeChain (VET) now has its very first Decentralized exchange dubbed Vexchange<\/strong><\/li>\n<li><strong>Vexchange&#8217;s vision is to become the UniSwap of VeChain<\/strong><\/li>\n<li><strong>Vexchange currently has a 24-hour trade volume of almost 6 million VET (approx. $68k)<\/strong><\/li>\n<\/ul>\n<p>Two days ago, the VeChain Foundation welcomed the very first Decentralized exchange on <a href=\"https:\/\/en.ethereumworldnews.com\/vechain-vet-has-a-relatively-low-correlation-to-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer\">VeChain (VET)<\/a>. The new DEX goes by the name of Vexchange and it aims at becoming the Uniswap of the VeChain network. Below is the announcement by the VeChain foundation regarding the launch of Vexchange.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A big congratulations to the first DEX on <a href=\"https:\/\/twitter.com\/hashtag\/VeChain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#VeChain<\/a> &#8211; <a href=\"https:\/\/twitter.com\/VexchangeIO?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@VexchangeIO<\/a> for the milestone! <\/p>\n<p>We are proud to have been able to support dApps, projects and startups that are running on <a href=\"https:\/\/twitter.com\/hashtag\/VeChain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#VeChain<\/a>. <a href=\"https:\/\/twitter.com\/hashtag\/SwitchToVeChain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#SwitchToVeChain<\/a> &amp; don&#39;t forget to apply for the Foundation Grant! <a href=\"https:\/\/t.co\/9NqTlo4fIo\" rel=\"nofollow\">https:\/\/t.co\/9NqTlo4fIo<\/a> <a href=\"https:\/\/t.co\/Smzs6eXZzk\" rel=\"nofollow\">https:\/\/t.co\/Smzs6eXZzk<\/a><\/p>\n<p>&mdash; VeChain Foundation (@vechainofficial) <a href=\"https:\/\/twitter.com\/vechainofficial\/status\/1315657696327077889?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 12, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>More on Vexchange on the VeChain Network<\/h2>\n<p><a href=\"https:\/\/vexchange.io\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Vexchange.io<\/a> is a beneficiary of the VeChain Grant program. Its developers received $20,000 USDT from the VeChain Grant Program to develop the platform. As can be seen in the quoted tweet above, two days ago Vexchange had an average 24-hour volume of $5,000. At the time of writing and according to the official Vexchange.io website, the 24-hour trade volume now stands at 5,947,320 VET or approximately $68,000.<\/p>\n<p>Below is a screenshot of the main Vexchange page together with a list of VeChain based tokens available for trading.<\/p>\n<figure id=\"attachment_564214\" aria-describedby=\"caption-attachment-564214\" style=\"width: 528px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/Vexchange-homepge-Oct-14th.jpg\"><img class=\"size-full wp-image-564214\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/Vexchange-homepge-Oct-14th.jpg\" alt=\"\" width=\"528\" height=\"599\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/Vexchange-homepge-Oct-14th.jpg 528w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/Vexchange-homepge-Oct-14th-264x300.jpg 264w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/Vexchange-homepge-Oct-14th-500x567.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/10\/Vexchange-homepge-Oct-14th-240x272.jpg 240w\" sizes=\"(max-width: 528px) 100vw, 528px\" title=\"\"><\/a><figcaption id=\"caption-attachment-564214\" class=\"wp-caption-text\">Screenshot courtesy of Vexchange.io<\/figcaption><\/figure>\n<p>As earlier mentioned, Vexchange aims at becoming <a href=\"https:\/\/en.ethereumworldnews.com\/uniswap-uni-takes-top-defi-spot-in-total-value-locked-at-1-94b\/\" target=\"_blank\" rel=\"noopener noreferrer\">the Uniswap<\/a> of the VeChain network. The team further provides <a href=\"https:\/\/twitter.com\/VexchangeIO\/status\/1306922434185113602\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">a brief guide below<\/a> on how to start trading on the platform.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">Want Uniswap on Vechain? Checkout <\/span><em><span class=\"css-901oao css-16my406 r-1qd0xha r-hiw28u r-ad9z0x r-bcqeeo r-qvutc0\" aria-hidden=\"true\">https:\/\/<\/span>Vexchange.io<\/em><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">. Make sure you access Vexchange with an Vechain enabled browser by using the Comet browser extension, the Vechain mobile wallet, or the Vechain sync application. Now go get your sweet juicy tokens.<\/span><\/p><\/blockquote>\n<h2>VeChain&#8217;s (VET) Value Benefiting from Vexchange<\/h2>\n<p>Having a decentralized exchange on the VeChain network means that developers, investors and traders can swap new tokens that power decentralized applications. With this DEX, VeChain is very much on a path towards entering the DeFi realm alongside industry heavyweights such as Ethereum and Tron.<\/p>\n<p>In the case of the latter networks, <a href=\"https:\/\/en.ethereumworldnews.com\/defi-is-revolutionary-weve-only-seen-the-tip-of-the-iceberg-weiss\/\" target=\"_blank\" rel=\"noopener noreferrer\">the DeFi explosion of Q3 2020<\/a> has led to both ETH <a href=\"https:\/\/en.ethereumworldnews.com\/trons-trx-defi-transaction-volume-increased-by-2577-in-q3-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">and TRX<\/a> benefiting positively in the crypto markets due to the increased network activity. This means that a similar fate awaits VeChain (VET) once building on the network gathers additional momentum due to the availability of Vexchange to swap tokens that govern DeFi protocols.<\/p>\n<p>Such new DeFi tokens are usually not initially listed on major exchanges due to the risks involved. Therefore, a DEX such as Vexchange provides an avenue for investors with a high-risk appetite to trade them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: VeChain (VET) now has its very first Decentralized exchange dubbed Vexchange Vexchange&#8217;s vision is to become the UniSwap of VeChain Vexchange currently has a 24-hour trade volume of almost 6 million VET (approx. $68k) Two days ago, the VeChain Foundation welcomed the very first Decentralized exchange on VeChain (VET). The new DEX goes by the name of Vexchange and it aims at becoming the Uniswap of the VeChain network. Below is the announcement by the VeChain foundation regarding the [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":563341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1239,7575,108091,108186],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564213"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=564213"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/564213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/563341"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=564213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=564213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=564213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}