VeChain Token (VET)

1. Introduction

1 VEN = 100 VET

VeChain (VEN) is a leading global blockchain platform for products and information. In the past two years, VeChain has accumulated a great amount of experience in providing blockchain solutions to various industries including liquor, auto, luxury goods, retail, logistics, supply chain, etc. The vision of VeChain is to build a trust-free and distributed business ecosystem based on Blockchain technology that is self-circulated and expanding.

As a leading global enterprise-level public blockchain platform, the VeChainThor Blockchain provides a comprehensive governance structure, a robust economic model, and advanced IoT integration, which can build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration and high-speed value transfer.

2. VeChain Token (VET)

If the entire distributed business ecosystem is considered as an organic body, then the blockchain infrastructure is the skeleton, and applications and services are the muscles and organs. Such a body needs the circulation of the blood, and the blood corresponds to the VeChain tokens – VeChain Token (VET) and VeChainThor Energy a.k.a VeThor (VTHO), carrying the value transfers and executing transactions on the VeChainThor Blockchain network. 16 VeChain Token (VET) is the “Smart Money” or “Smart Value” in VeChainThor Ecosystem which is programmable and executable in the smart contracts to carry on value transferring along with commercial activities running on the VeChainThor Blockchain. Besides that, VeChain Token (VET) can be discovered as a key element to build up the links among dots in the ecosystem. VeChain Foundation has distributed more than 70% of VeChain Tokens, including a portion of burnt tokens (in total 132,837,655.34 ERC20 VET) during the refunding process, to the community through different processes including private sale, public sale, promotions, business collaborations, marketing activities, research programs and so on. The VeChain Foundation will continuously and progressively distribute VeChain Tokens to the community through various activities in the coming years.

3. Useful Links