Safe Haven has announced the launch of ThorBlock, the first communal funding turnkey solution on the VeChain (VET) Blockchain.
The major aim of ThorBlock is to manage the accounting and remittance of contributors’ pooled funds peculiar to donations inside the VeChain ecosystem.
Majorly, using ThorBlock gives room to pooled funds between numerous contributors to be managed safely and accounted for without any error or mismanagement.
One of the advantages of ThorBlock to VeChain community is the “Community Pool”. This helps those who intend to take part in pre-sale or private bonuses, however, don’t have the capacity to individually partake.
In this wise, the service below is deployed:
The individuals has the privilege to take part in a Community Pool (with admin, which locks the designated quantity of SHA tokens for the stipulated time). However, the community pool can select whitelisting.
Then, VET is collected from participating members and then forwarded to the wallet managed by the projects organising body. After the VeChain is received, then the projects organising body confirms.
Afterward tokens will be distributed to the pool with the use of smart-contracts which make sure every community members receives their tokens considering their personal contribution.
VeChain (VET) And IOTA (MIOTA)
VeChain has been afore adding myriads of development to its blockchain. One of the first blessing on the ecosystem is the Safe Haven, an inheritance sharing platform on the blockchain platform. With VeChain’s growing development in the Internet of Things (IoT), it is easy to say the blockchain technology will coast the IoT world completely.