Announcing MustangChain, an Equine Platform Utilizing the VeChainThor Blockchain

VeChain Foundation
May 29, 2018 · 2 min read

We are pleased to announce that MustangChain will be utilizing the VeChainThor Blockchain to provide a solution for the equine industry.

Read the MustangChain teaser here.

MustangChain is looking to disrupt the more than $300 Billion equine industry to defragment, verify, regulate, and unite all stakeholders involved.

“The MustangChain Foundation chose to seek a partnership with VeChain because of their world class distributed ledger technologies and advanced Internet of Things (IoT) solutions. We believe this will make them the leading blockchain of choice when it comes to enterprise and commerce. By implementing these technologies we can easily generate unbiased data and empower MustangChain to provide fraud proof authentication, traceability, and eliminate the national boundaries establishing a globalized equine ecosystem that thrives on the bedrock of transparency.”

——Danny van de Griend, Chief Executive Officer

By creating a blockchain-based solution, MustangChain is a properly-regulated global standard to validate, authenticate, and manage equine identity, historical data, and value/data transactions through the MustangChain Platform and the use of the fraud-proof Sealed Verification System (SVS). This Platform is a one-stop online platform where stakeholders can unite, interact, and easily transact equine merchandise, services, data, and expertise.

The ICO is hard capped at 20M USD. The exact ratio of VET to MUST tokens for distributions will be announced at a later date and included in our official white paper release. MustangChain Foundation has pledged to raise at least 100% of the tokens in VET. Furthermore, the Foundation intends to hold VET throughout the project’s development and operational stage, and only utilize VET for funding in the event all other financial resources are exhausted.

This announcement serves as an introduction of the partnership between MustangChain and VeChain’s ICO Incubation Team. VeChain CEO, Sunny Lu, will serve as strategic advisor to assist with the company’s execution of its development plans.

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VeChain Foundation

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The VeChain Foundation is a non - profit entity established in Singapore.

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