VeChain

2024

Dragon

Read

<ul>
 <li>Doubts arise over VeChain’s historical milestones’ actual impact.</li>
 <li>Tools developed, but enterprise adoption remains a challenge.</li>
 <li>The VeFam bring their concerns to Sunny Lu hoping for transparency.</li>
</ul>
<p>In a recent post, a seasoned VET holder voiced concerns over VeChain’s developmental milestones. This prompted reflections on the <a href="https://cryptonewsland.com/vechains-grand-vebetterdao-reveal-sparks-bullish-sentiment/" target="_blank" rel="noopener noreferrer nofollow">blockchain’s journey and future</a>. In detail, the holder breaks down his concerns in a long TwitterX thread.</p>
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   <p lang="en" dir="ltr">My Concerns with VeChain as an OG VEN Holder +<br>X-Node:<br><br>[ Thread <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">]</p>— Binks (@_CryptoBinks_) <a href="https://twitter.com/_CryptoBinks_/status/1763319987157254359?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 29, 2024</a>
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<p>He starts off with a closer look at the blockchain’s timeline. Specifically, the holder questions the impact of historical milestones, pointing out partnerships and launches that seemingly lacked tangible results. Then he highlights the X-Node campaign’s unmet expectations and the unclear outcomes of collaborations like <a href="https://draperdragon.com/" target="_blank" rel="noopener noreferrer nofollow">Draper Dragon</a> and <a href="https://www.dnv.com/" target="_blank" rel="noopener noreferrer nofollow">DNV GL</a>.</p>
<p>His next remarks explore how developing tools require mass adoption. He says despite innovative tools, there is a lack of enterprise clients and governments adopting VeChain’s solutions. Thus, he raises questions about the six-year development of revolutionary tools without substantial traction.</p>
<p>Next he says there is no on-chain volume. He claims to bserve a notable absence of transaction volume on the VeChain blockchain compared to other platforms like ETH, ADA, and SOL. To which, he cites the NFT market as an example, where VeChain struggles to compete in transaction volume.</p>
<p>Additionally he throws light on the lack on stablecoins and criticises VeChain’s mission. He reflects on the evolution of VeChain’s mission from enterprise solutions to a sustainability initiative. The, expresses disheartenment as VeChain appears to divert from its initial goal of being the backbone for logistics infrastructure.</p>
<p>Next, he raises concerns about the complexity of <a href="https://cryptonewsland.com/vebetterdao-and-b3tr-everything-vechain-fans-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">VeChain’s evolving ecosystem</a> with multiple tokens and governance mechanisms. Leading to questioning the potential barrier for new users in understanding and adopting the intricate model.</p>
<p>Adding on he raises concerns about potential exploitation of dApps incentivizing rewards, leading to hyperinflation and questions how the ecosystem plans to prevent misuse without creating high entry barriers.</p>
<p>As a long-term holder, the critic’s doubts reflect broader concerns within the community, prompting a closer examination of VeChain’s development trajectory. The VeFam seem to go on to encourage VeChain CEO, Sunny Lu, to be transparent and meet the community’s concerns.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/vechain-vet-prepares-for-bullish-momentum-amid-chart-formations/" rel="noopener noreferrer nofollow">VeChain (VET) Prepares for Bullish Momentum Amid Chart Formations</a></li>
 <li><a href="https://cryptonewsland.com/vets-bullish-future-anticipating-a-surge-past-0-0943-in-2024/" rel="noopener noreferrer nofollow">VET’s Bullish Future: Anticipating a Surge Past $0.0943 in 2024</a></li>
 <li><a href="https://cryptonewsland.com/2024-vechain-price-forecast-vet-to-break-through-0-1032/" rel="noopener noreferrer nofollow">2024 VeChain Price Forecast: VET to Break Through $0.1032</a></li>
 <li><a href="https://cryptonewsland.com/vechain-set-to-soar-predicted-to-break-through-0-783-in-2024/" rel="noopener noreferrer nofollow">VeChain Set to Soar: Predicted to Break Through $0.783 in 2024</a></li>
 <li><a href="https://cryptonewsland.com/vechain-gears-up-for-major-reveal-at-mwc2024-vet-surge-loading/" rel="noopener noreferrer nofollow">VeChain Gears Up for Major Reveal at MWC2024, VET Surge Loading?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/long-term-vet-holders-express-concern-after-vebetter-dao-reveal/" rel="noopener noreferrer nofollow">Long-Term VET Holders Express Concern After VeBetter DAO Reveal</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Long-Term VET Holders Express Concern After VeBetter DAO Reveal

Crypto News Land

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