VeChain has experienced a significant influx of new users this month, with 160,000 new addresses being added to its blockchain network. This growth can be attributed to VeChain’s partnership with Coinbase, where it has had the opportunity to showcase its capabilities to over 100 million users on the popular exchange.
VeChain’s success story continues to unfold, with new milestones being achieved on a regular basis. The latest achievement is the addition of 160,000 new addresses in just three weeks, as adoption of the platform continues to soar. This accomplishment was proudly announced by VeChain on social media platforms.
The collaboration between VeChain and Coinbase began earlier this year when Coinbase listed VET and VTHO. As part of this partnership, VeChain’s Coinbase Learn campaign was launched on November 8. This campaign featured VeChainThor, the enterprise-grade blockchain, for the first time on the American exchange.
The Coinbase Learn campaign consisted of two programs: Simple Learn and Advanced Learn. In the Simple Learn program, users were rewarded with $1 for each correct answer in two educational quizzes. These quizzes aimed to educate users about the Proof-of-Authority consensus mechanism, the twin token model, and the governance of the VeChain network.
The Advanced Learn program required users to download VeWorld, the self-custody wallet developed by VeChain. Through this wallet, users were able to explore decentralized applications (dApps) in the VeChain ecosystem and earn $10 worth of VET for their participation.
The goal of the campaign was to have 750,000 to 1,000,000 Coinbase users complete these tasks, thereby significantly increasing the total number of addresses and users on the VeChain network. VeChain’s founder, Sunny Lu, expressed his commitment to promoting sustainable learning and participation through this partnership with Coinbase.
The success of this collaboration has resulted in one of the highest uptakes of the VeChain network in recent times. VeChain continues to establish itself as one of the most robust blockchain ecosystems globally, with a focus on sustainability. Its partnership with the Boston Consulting Group has been particularly transformative, as they work together to create blockchain biospheres that incentivize individual users to contribute to a sustainable future.
As adoption of VeChain increases, the VET token is expected to benefit from these initiatives. At present, the token is trading at $0.02091, showing a 3.34% increase in the past 24 hours. VeChain is determined to lead the charge in real-world blockchain adoption and invites users to join them in building the future of crypto on their platform.
In conclusion, VeChain’s partnership with Coinbase and its commitment to sustainability have contributed to the significant growth of its blockchain network. With new milestones being reached and a focus on rewarding positive actions, VeChain is positioning itself as a leader in the blockchain industry.