API ID:
vechain
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
VET
Coin
86.7 Billion
Supply chain
June 2015
VeChain
VeChain (VET) is a blockchain focused on supply chain management and business applications. Companies use it to track products, verify authenticity, and improve logistics with tamper-proof blockchain records. VET is used for payments and staking, while its dual-token system also includes VTHO, which covers transaction fees. VeChain partners with global brands across industries like food, luxury goods, and logistics.
A Deeper Dive
Technology & Use Case
VeChainThor is a proof-of-authority blockchain that emphasizes enterprise adoption. It uses a dual-token model:
VET is the main value-transfer coin.
VTHO (VeThor) is generated by holding VET and pays for transaction fees.This design separates utility from value, making costs predictable for businesses using the network for supply chain and data solutions.
Origins & Team
VeChain was founded in 2015 by Sunny Lu, former CIO of Louis Vuitton China. It began as a private blockchain project before launching its public mainnet in 2018. The project is supported by the VeChain Foundation, a nonprofit that drives development, adoption, and governance of the ecosystem.
Ecosystem & Partnerships
VeChain has built partnerships with companies like Walmart, China, BMW, and PwC. Its blockchain is used for tracking food safety, verifying luxury goods, reducing carbon footprints, and logistics transparency. With its focus on enterprise solutions, VeChain remains one of the most business-integrated blockchain projects in the industry.
A Deeper Dive
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