VeChain (VET) Continues Expanding Partnerships, SolarWise Postpones $SUN Rollout

Following VeChain's previous collaborations with the Crypto Carbon Ratings Institute (CCRI) to rapidly implement its framework

Crypto Carbon Ratings Institute (CCRI) recently collaborated with VeChain to rapidly implement its framework and ensure compliance with the EU’s Markets in Crypto Assets regulation (MiCA), as reported in a recent CNF update. Now, the company is expanding its partnerships.

Currently, VeChain’s partner, SolarWise Own The Sun AG, is advancing its renewable energy and blockchain integration with the upcoming completion of its first solar farm in Brazil, set for September 20th, 2024. As we discussed earlier, active contracts on the VeChain platform are surging as sustainability efforts worldwide gain momentum.

SolarWise Partners with VeChain, Postpones $SUN Rollout

The farm’s progress, including security measures and final construction, will be monitored in real-time by the community through a live feed on SolarWise’s DAPP. SolarWise has postponed the launch of its $SUN token, opting to maximize value for users through $VET. The company assures that XP earned on their DAPP remains intact despite the delay.

As SolarWise awaits crucial regulatory approval from FINMA, CEO Ronnie emphasized their commitment to bridging traditional and decentralized industries:

“We’re excited to ensure our innovations impact both spheres.”

However, according to CoinMarketCap data today, VeChain (VET) is trading at the price of $0.02278, declining by 0.08% in the past day and 4.56% in the past week.

Nevertheless, through the partnership with VeChain, SolarWise has chosen $VET as the primary token in its ecosystem. This decision aims to enhance $VET’s utility by integrating it into key operations like minting Solar NFTs, transactions, and monthly energy sale payouts, creating a mutually beneficial relationship between SolarWise and VeChain.

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