Blockchain Advisory Firm CREAM Collaborates With Crypto Exchange Bitrue
Blockchain advisory firm CREAM is partnering with Singapore-based cryptocurrency exchange Bitrue to push real value to CREAM-incubated projects and the wider VeChain ecosystem.
CREAM is one of the main driving forces behind VeChain, an enterprise software designed to create, manage, maintain, and update shared data about products in the supply chain. Its public blockchain, VeChainThor, provides enterprises with tools, securities, and governance to properly control their assets while collaborating across multiple verticals, industries, and even countries.
Bitrue is a cryptocurrency exchange with lending and staking options. Its ‘Power Piggy’ product allows users to stake cryptocurrency to earn interest rates of up to 15%. The trading platform supports 110 different tokens with more being added regularly.
As part of the collaboration, Bitrue has listed the VeThor Token (VTHO), with a VTHO/BTC pairing. VTHO is the secondary token in the VeChain Ecosystem, The token is consumed when making transactions / uploading data to the blockchain and is generated over time by holding VeChain (VET).
“Bitrue will be upgrading their VTHO distribution program, increasing their VTHO to VET holders from a current monthly basis, to a weekly distribution,” the release said. “This will ensure VET holders are receiving their generated VTHO on a more frequent schedule.”
Bitrue also announced that it will support the VeChainThor VIP180 token standard, which includes fast-tracked listing services for upcoming tokenized projects built on the VeChainThor public blockchain. In addition, Bitrue has pledged to announce the support and implementation of VeChain X Node benefits to Bitrue users who successfully bind their X Nodes to the platform. Initially Bitrue will be offering 10% APR on VET holdings for the first 3 months for users that complete the X Node binding process.
Jackson Fu, Co-Founder of CREAM, said that at CREAM, they strive to provide meaningful value for their 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,” Fu said. “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.”
Curis Wang, CEO of Bitrue, said that they have been continually impressed by the growing adoption of the VeChainThor blockchain and appreciates the proactive approach that CREAM is taking to strengthen both the CREAMethod and VeChain ecosystem.
“Enterprise and business use cases will drive mass adoption of blockchain and we’re glad we can play a role in accelerating this process,” said Wang. “Bitrue pledges to work in the best interests of both CREAM and VeChain, whilst simultaneously enhancing our bespoke trading products to effectively serve both new and current customers alike.”
