VeChain Announces a $550,000 Giveaway in conjunction with the Firm’s VeUSD Stablecoin Launch.
One of the most important blockchain networks, VeChain (VET), says that its first stablecoin, called VeUSD, will be released on this date.
We’re thrilled to announce the launch date for #VeChain’s first stablecoin, $VeUSD!
To commemorate the occasion, we’ve organised many unique activities for the community, including a $500,000 airdrop for X-nodes and a $50k minting bonus.
People will be able to start minting VeUSD on Monday, March 14, 2022, through prime.stably.io. This will be the start of a new era for the layer 1 blockchain platform.
“The introduction of VeUSD is a watershed moment for us, kicking off new goals for the year and increasing our capabilities in enterprise, sustainability, carbon, and finance,” VeChain said in the statement.
Besides that, VeChain said that its stablecoin development is going on in preparation for many new use cases that will allow the company to meet future customer needs.
We are excited to unveil the launch date of #VeChain‘s first #stablecoin, $VeUSD!
To celebrate, we’ve planned some special events for the community, including a $500,000 airdrop for X-nodes and $50k in minting bonuses!https://t.co/v2B55egPJ6#DeFi #Web3 #Blockchain $VET $VTHO pic.twitter.com/SGBNynrcXt
— VeChain Foundation (@vechainofficial) March 9, 2022
Not only that, but VeChain, which recently won a big award from the Shanghai government, has said that it will make a full video tutorial for people who want to learn how to make the VeUSD stablecoin.
Exercise for a $550,000 Giveaway
VeChain has planned a series of free events to commemorate the introduction of VeUSD. VeChain reports that it would provide a whooping $550,000 to participants over two separate marketing events.
A Promotion
The Community Bonus Mint Event, the inaugural giveaway, will see VeChain reward $50,000 to community members who mint VeUSD between March 14, 2022 and March 20, 2022.
A $125 bonus is available to the first 100 wallets that mint and deposit at least $500 to their VeChainThor addresses, as well as a $250 bonus for the top ten addresses that mint the most VeUSD.
B Promotion
VeChain said that it would deliver a total of $500,000 in the form of VeUSD X-node holder airdrops during the second giveaway programme.
X-nodes are people who have been part of VeChain’s community for a long time and have shown a lot of support. This giveaway is part of that effort.
“On 14 March, 00:00 UTC+0, a snapshot of all X-nodes will be taken. There are NO eligibility requirements for receiving the airdrop. “Users will get their VeUSD reward during the week of March 14,” VeChain said.
People who win other giveaways for the VeUSD stablecoin, such as a trading competition on OceanEx, Vexchange and VeRocket, will get VeUSD.
