CREAM, Bitrue Partnership to Boost VeChain (VET) Ecosystem Development
CREAM, a leading strategic advisory and investment firm involved with the VeChain (VET) blockchain project has entered into a business partnership with Singapore-based cryptocurrency exchange platform Bitrue. This, according to an official announcement on February 24, 2020.
A Partnership for VET and XRP Camp
In a bid to further their own business interests, blockchain and cryptocurrency investment incubator CREAM and Bitrue crypto exchange have joined forces. As a result of the partnership, the VeChain community will have multiple reasons to smile.
Firstly, according to the terms of the partnership, Bitrue will list the VTHO token with a VTHO/BTC trading pair at 11 pm (UTC +8) on February 24, 2020. This will enable the VeChain and Ripple communities to trade VTHO on the exchange.
Further, the partnership will also mark the introduction of the weekly distribution of VTHO tokens to all existing VET holders. For the uninitiated, currently, VET holders receive VTHO on monthly basis.
Lastly, for the VeChain community, Bitrue will now support the VIP180 token ecosystem. This includes fast-tracking listing services for tokenized projects built on the CREAMethod and VeChain ecosystems.
The announcement also reads:
“To further demonstrate its commitment towards the VeChain community, Bitrue has pledged to announce support for the VeChain X-nodes program, providing benefits and rewards for the most dedicated VeChain community members. Please look for announcements on Bitrue’s website and social media channels for exact dates and details.”
CREAM Committed to the Development of VET Community
CREAM is one of the major driving forces behind the exponential growth of the VeChain ecosystem in recent times. The cryptocurrency incubator continues to leverage its industry connections to encourage financial institutions, venture capital, and government authorities to contribute to the expansion of both VeChain and CREAM.
Commenting on the partnership with Bitrue, Jackson Fu, Co-founder of CREAM, said:
“At CREAM, we strive to provide meaningful value for our incubated projects, partners and stakeholders. Cryptocurrency exchanges that are dedicated in providing exceptional value to customers are rarely seen, Bitrue epitomises the customer centricity we value. We are confident this partnership will yield dividends for all parties involved and we thank Bitrue for the dedication and commitment to the CREAMethod and VeChain ecosystem, as well as the community.”