CREAM, the strategic partner of VeChain Foundation and crypto incubator, has announced a strategic partnership with Singapore crypto exchange Bitrue. CREAM made the announcement in a press release published on February 24.
CREAM, an investment Incubator focused on Blockchain and crypto-related business, is one of main driving force behind the VeChain ecosystem. So the latest partnership is will focus on pushing real value to CREAM-incubated projects and the wider VeChain ecosystem.
CREAM was also behind the listing of VET token on Bitrue. All three parties, since then, were in continuous contact. VeChain Ecosystem was well-known to Bitrue. According to CREAM, it is evident that a partnership would benefit all parties involved.
According to the details, as initial terms of this partnership, Bitrue will be listing the VeThor Token (VTHO), the secondary token in the VeChain Ecosystem , on the 25th of February, 2020, that will be paired initially with BTC for trade.
Bitrue will upgrade its VTHO distribution program, increasing their VTHO to VET holders from a current monthly basis, to a weekly distribution. Bitrue will also support the VeChainThor VIP180 token standard, including fast-tracked listing services for tokenized projects built on the CREAMethod and VeChain ecosystems.
The press release further reads:
“To further demonstrate its commitment towards the VeChain community, Bitrue has pledged to announce support for the VeChain X-nodes program, providing benefits and rewards for the most dedicated VeChain community members. Please look for announcements on Bitrue’s website and social media channels for exact dates and details.”
Curis Wang, CEO of Bitrue, on the partnership, commented:
“Bitrue has 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. 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.”
Jackson Fu, co-founder of CREAM, stated:
“At CREAM, we strive to provide meaningful value for our 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. 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.”