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- VeChain and LETSTOP join hands to extend sustainability to road users by rewarding safe driving with cryptos and vouchers.
- An analyst has predicted that VET could hit $1 as it imitates the 2019 price movement.
VeChain (VET) announces the latest addition to its VeBetter ecosystem as it seeks to take sustainability to a different height. According to a post made on X, Artificial Intelligence (AI) powered driving safety application LETSTOP would collaborate with the blockchain platform to boost better driving habits to reduce wear and tear, lower fuel consumption, and reduce the risk of serious accidents.
LETSTOP 🤝 VeChain
We are proud to announce our partnership with VeChain, a key player in the crypto world and ranked #35 globally. This milestone marks an important step in making roads smarter and safer 🚗✨ https://t.co/PUoUPCjDjo— LETSTOP (@LETST0P) December 16, 2024
According to our research, LETSTOP is the first app to reward safe driving with vouchers or cryptos. Fascinatingly, it has reached incredible milestones in just six months, including:
- More than 350,000 active users.
- More than 25 million kilometers driven collectively.
- Available in 180 countries.
According to LETSTOP, it is working on several partnership deals to boost its road safety initiative.
LETSTOP is actively forging partnerships globally under its community-based road safety initiative, integrating automotive safety technology. These partnerships encompass various sectors such as automotive, vehicle rental, insurance, parking, and fuel services, as well as food and finance. These collaborations are aimed at bringing enhanced value and diverse benefits to its community.
VeChain’s VeBetter ecosystem also incentivizes sustainable actions by rewarding users with B3TR tokens for being active contributors.
VeChain Driving Sustainability Across Different Areas
VeChain has taken a bold step toward integrating Environmental, Social, and Governance (ESG) principles into blockchain technology. Recently, it announced that it is creating Blockchain Biospheres to create an economically viable and eco-friendly ecosystem. As part of its sustainability strategies, VeChain is also working to convert Real-World Assets (RWA) into digital tokens.
As recently reported by CNF, VeChain has collaborated with the world’s leading mixed martial arts organization, UFC, to advance the VeBetter ecosystem. According to UFC, the provision of transparency and efficiency of the public blockchains make them important tools for the future sustainability business.
According to the vice president and head of international business development, TKO Global Partnerships, Nicholas Smith, the collaboration would enable them to bring sustainability awareness to the company’s large global audience.
UFC is excited to partner with VeChain to raise awareness for our large global audience as to the transformative potential of blockchain technology through the VeBetter ecosystem. Working together, we can support VeChain’s vision of driving meaningful change and creating a positive impact.
Reacting to these initiatives, VeChain’s native currency, VET, has recorded an impressive surge of 82% in the last 30 days and 157% in the last 90 days.
As earlier reported by CNF, EGRAG CRYPTO predicted that VET could hit $1 in the near term by targeting the Fib 1.236, 1.414, and 1.618 in a 4,324% surge.
Stating a similar position, analyst Alan Santana believes that the asset is imitating the 2019 cycle when VET embarked on a 1,291% surge after going through a 595-day bearish phase.
It will be something for the record books because the market has never been this big before. The market has never been this big and this is the first time that Cryptocurrency is open and available to the whole world.
