{"id":571225,"date":"2022-05-16T18:47:29","date_gmt":"2022-05-16T17:47:29","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=571225"},"modified":"2022-05-16T18:47:29","modified_gmt":"2022-05-16T17:47:29","slug":"vechain-vet-offers-terra-developers-grants-of-30k-to-migrate-to-its-blockchain","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/vechain-vet-offers-terra-developers-grants-of-30k-to-migrate-to-its-blockchain\/","title":{"rendered":"VeChain (VET) Offers Terra Developers Grants of Up to $30k to Migrate to its Blockchain"},"content":{"rendered":"<p>Quick takeaways:<\/p>\n<ul>\n<li>The team at VeChain (VET) has invited Terra developers to start building on its blockchain<\/li>\n<li>VeChain (VET) has offered them grants of up to $30k for the switch<\/li>\n<li>The VeChain grants program covers a wide range of areas such as application development, tools and infrastructure, and blockchain-related research<\/li>\n<\/ul>\n<p>The Terra blockchain and its digital assets of LUNA and UST have been the subject of discussion for ever a week now. The depegging of UST and subsequent inflation of LUNA has led to several ideas to revive the chain including <a href=\"https:\/\/en.ethereumworldnews.com\/binance-ceo-does-not-think-forking-terra-is-the-solution-to-luna-and-usts-woes\/\" target=\"_blank\" rel=\"noopener\">forking the Terra blockchain<\/a> and issuing new digital assets.<\/p>\n<h2>VeChain Invites Terra Developers to Migrate to its Chain<\/h2>\n<p>Amidst the anxiety surrounding the future of LUNA and UST, the team at VeChain (VET) has invited Terra developers looking to change projects, to migrate to its blockchain.<\/p>\n<p>The team at VeChain has offered Terra developers, grants of up to $30,000 for the switch. The VeChain team has also described their blockchain as &#8216;<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">a leading enterprise-grade public <\/span><span class=\"r-18u37iz\">blockchain<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, 100% uptime, <\/span><span class=\"r-18u37iz\">Sustainable<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> &amp; rapidly growing in the EU.&#8217;\u00a0<\/span><\/p>\n<p>VeChain&#8217;s invitation to <a href=\"https:\/\/en.ethereumworldnews.com\/the-blocks-vp-of-research-document-suggests-binance-invested-300m-in-terra-luna\/\" target=\"_blank\" rel=\"noopener\">Terra<\/a> developers was made through the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Luna_Terra?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Luna_Terra<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Developers?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Developers<\/a> if you&#39;re looking to migrate <a href=\"https:\/\/twitter.com\/hashtag\/Layer1?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Layer1<\/a>, we&#39;re offering up to $30k to help!<a href=\"https:\/\/twitter.com\/hashtag\/VeChain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#VeChain<\/a> is a leading enterprise-grade public <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#blockchain<\/a>, 100% uptime, <a href=\"https:\/\/twitter.com\/hashtag\/Sustainable?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Sustainable<\/a> &amp; rapidly growing in the EU.<\/p>\n<p>Join us &amp; <a href=\"https:\/\/twitter.com\/hashtag\/buidl?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#buidl<\/a> the future! DM open <a href=\"https:\/\/t.co\/NloutqKBwX\" rel=\"nofollow\">https:\/\/t.co\/NloutqKBwX<\/a><a href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$LUNA<\/a><\/p>\n<p>&mdash; VeChain Foundation (@vechainofficial) <a href=\"https:\/\/twitter.com\/vechainofficial\/status\/1526193791689957377?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>More on the VeChain Grant Program<\/h2>\n<p>The VeChain foundation <a href=\"https:\/\/www.vechain.org\/grant-program\/\" target=\"_blank\" rel=\"nofollow noopener\">grant program<\/a> is designed to offer developers and researchers, unique opportunities to join its ecosystem. The program is intended &#8216;to be systematic, efficient and transparent, and covers a wide range of topics including application development, tools &amp; infrastructure and blockchain-related research.&#8217;<\/p>\n<p>To be considered for the <a href=\"https:\/\/en.ethereumworldnews.com\/vechain-vet-accepted-as-payment-in-2-million-stores-spanning-70-countries\/\" target=\"_blank\" rel=\"noopener\">VeChain<\/a> grant program, an application has to be initiated and submitted <a href=\"https:\/\/github.com\/vechain\/grant-program\" target=\"_blank\" rel=\"nofollow noopener\">via Github<\/a>. After submission, the application enters a preliminary review stage where it is checked for correctness. The third stage involves a committee review.<\/p>\n<p>Once the application is approved by a five-member grant committee, the payment for the first milestone will be disbursed to fund the project. Subsequent payments will follow a similar routine of milestones and delivery.<\/p>\n<h2>A Brief VeChain (VET) Price Analysis<\/h2>\n<p>At the time of writing, VeChain (VET) is ranked 36th on Coinmarketcap and has not been spared by the ongoing crypto-market meltdown accelerated by the saga surrounding <a href=\"https:\/\/en.ethereumworldnews.com\/luna-ust-communities-targets-of-scams-promising-refunds-on-terra-investments\/\" target=\"_blank\" rel=\"noopener\">UST<\/a> and LUNA. The digital asset is trading at $0.03 and has dropped by 23% in the last seven days.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58.png\"><img class=\"aligncenter size-full wp-image-571227\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58.png\" alt=\"\" width=\"1013\" height=\"563\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58.png 1013w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58-300x167.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58-770x428.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58-500x278.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58-269x150.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/VETUSDT_2022-05-16_20-40-58-746x415.png 746w\" sizes=\"(max-width: 1013px) 100vw, 1013px\" title=\"\"><\/a><\/p>\n<p>A quick glance at the 1-day VET\/USDT chart above further confirms that VeChain is trading in bear territory below the 50-day, 100-day, and 200-day moving averages. However, the daily MFI, MACD, and RSI point towards an oversold scenario that could see VET attempt to recover at least to the $0.040 resistance area.<\/p>\n<p>As with all digital assets, VeChain&#8217;s fate in the crypto markets is tied to that of Bitcoin. Consequently, if Bitcoin loses its $28k support again, VET could retest its local low of $0.024 set late last week as BTC hit a local low of $26,700.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick takeaways: The team at VeChain (VET) has invited Terra developers to start building on its blockchain VeChain (VET) has offered them grants of up to $30k for the switch The VeChain grants program covers a wide range of areas such as application development, tools and infrastructure, and blockchain-related research The Terra blockchain and its digital assets of LUNA and UST have been the subject of discussion for ever a week now. The depegging of UST and subsequent inflation of [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":571226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,108366],"tags":[108364,108511,108091],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571225"}],"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=571225"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571225\/revisions"}],"predecessor-version":[{"id":571230,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/571225\/revisions\/571230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/571226"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=571225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=571225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=571225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}