- VORJ is Vechain’s ‘Web3-as-a-Service’ Platform.
- Vechain aims to build solutions that solve obstacles impeding the mass adoption of blockchain technology.
- At press time, the VET token was trading at $0.02636, up 4.13%.
The price of Vechain (VET) has jumped by more than 4% hours after VeChain announced the launch Of VORJ, its ‘Web3-as-a-Service’ Platform — Blockchain Made Easy.
Since its launch, Vechain has been focusing on building solutions that solve the obstacles that hinder the adoption of blockchain technology. VORJ is one of the important solutions that Vechain has launched.
The VORJ platform
The VORJ platform almost entirely summarizes the blockchain development process thus opening up Web3 building to the masses without having to be a technical guru. It is a no-code Web3-as-a-service platform that allows anyone to create, deploy, and interact with smart contracts on the VeChainThor blockchain.
Users will not need to understand solidity to start deploying digital assets on the VechainThor blockchain.
VORJ combines familiar Web2 user experience with the ability to create Web digital assets in a few clicks. Users don’t need to even manage crypto assets to pay for the transaction fees. Fees on VORJ are taken care of by VORJ itself; which is quite a huge step in eliminating a key barrier to Web3 entry.
EVM compatibility
VeChainThor blockchain is an Ethereum Virtual Machine (EVM) compatible blockchain making VORJ offer secure and battle-tested OpenZeppelin smart contracts, which is considered the industry standard.
Furthermore, VORJ offers the creation of fungible ERC-20 contracts or non-fungible tokens (NFT) ERC-721 contracts on the VORJ frontend while the VORJ Application Programmable Interface (API) offers users a wider selection of token standards.
In addition, VORJ seamlessly integrates with existing VechainThor projects.
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As the cryptocurrency market continues its steady rise, one coin in particular has gained more attention than usual. Vechain (VET), one of the leading projects in enterprise-level blockchain technology, saw its price increase nearly 8-fold after the launch of VechainThor On-Ramp (VORJ).
Vechain has established itself as a leader in the blockchain industry, providing enterprise-level solutions for companies from various industries. VORJ is a new product from the company that allows users to securely onboard new users while paying with fiat-backed stablecoins and earning a share of native VET tokens.
The launch of VORJ appears to have been a major success, as evidenced by the surge in VET prices. Since the launch, there has been a huge influx of investors interested in the project and its technology, which has greatly increased its market capitalisation.
In addition to the large number of new investors, the launch of VORJ has also been met with positive reviews from the blockchain and cryptocurrency community. Many have praised Vechain for its innovative approach to enterprise-level blockchain and its ability to provide users with a wide range of options when it comes to on-boarding and payment.
The future of Vechain is looking incredibly bright, as the company continues to expand its product offerings and attract more users to its platform. With its innovative technology, the project has the potential to revolutionize the way businesses operate in the digital world. As more people become aware of the benefits of Vechain, the project’s price is expected to keep rising.
