Cryptowatch – VET Harnesses Blockchain to Support Veterans
As we approach Veteran’s Day, we here at Dchained would like to thank all vets for their service and give a heartfelt Happy Veteran’s Day from the entire team.
Now, you might be wondering, what does Veteran’s Day have to do with cryptocurrency? Well, a new token emerging on the market is providing a new way for investors to support the troops.
Earlier this summer, the Veteran Token (VET) launched on the crypto exchange PancakeSwap. Although it has many properties similar to traditional cryptocurrencies, VET boasts an additional altruistic layer: it was founded to support U.S military veterans by way of donations and partnerships. The startup donates money generated from the purchase of its tokens to select charities that support wounded and disabled veterans.
Altruism aside, VET is also a great investment opportunity. Holders receive a 5% bonus for every token purchased as a form of reward for supporting veterans. In addition, 5% of every transaction is added back to the liquidity pool in a bid to keep prices stable.
So this upcoming Veteran’s Day, if you would like to send a gift to a veteran to thank them for their service, consider VET.
For more details on the Veteran Token, how it works, where you can purchase it, and how exactly it aims to support veterans, check out this YouTube explainer:
For details on other tokens and investment opportunities, turn to our investor guides.