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Vechain

Vechain (VET)

$ 0.01
2.24 %
Main info
News
Comments
Markets
Analytics
Market cap
$687.57M
2.24 %
Volume (24h)
$6.43M
2.24 %
Circulating supply
85,985,041,177 VET
Total supply
85,985,041,177 VET
Max. supply
86,712,634,466 VET

About Vechain

Business Model and Vision

VeChain is creating a completely new business model that provides “trusted services” to all parties to joint activities on all platforms, enterprises, industries and consumers. The vision of VeChain is to build a trust-free and distributed business ecosystem based on the Blockchain technology self-circulated and expanding.

Product Identification and Applications

A product on the VeChain platform is assigned a unique identifier that is stored simultaneously in the block chain and is placed on the product with an NFC chip, RFID tag or QR code. At any point in the life of a product, you can interact with a chip, tag or code, whether it is a distributor or a retail partner that determines party membership, or a consumer who learns more about the origin of the product.

The company provides a wide range of applications, including brand protection, counterfeit protection and food safety.

Industry Experience and Token Implementation

VeChain has accumulated great amount of experience in providing blockchain solutions to various industries including liquor, auto, luxury goods, retail, logistics, supply chain, etc.

VeChain also implemented VET Masternodes. VET is the token that is needed to run a Masternode or Stake in order to earn Thor Power.

Key data

updated $0
Market cap$687.57M
Volume 24h$6.43M
Circulating supply85.99B99% of max 86.71B
All-time high$0.28-97% from peak · 2021-04-18

VeChain (ticker VET) is a blockchain platform built for business — its main job is tracking products through supply chains and proving they are genuine. Think of it as a tamper-proof digital logbook: goods get tagged, and every step of their journey is recorded on-chain where nobody can quietly rewrite it. VET is the coin that moves value across this network and powers its ecosystem of enterprise apps.

Frequently asked questions

What is VeChain, and how is it different from Bitcoin or Ethereum?

While Bitcoin is mainly digital money and Ethereum is a general-purpose smart contract platform, VeChain is designed specifically for enterprise tasks like supply chain tracking, product authentication, and IoT data. Its signature feature is the dual-token design: VET transfers value, while a separate token called VTHO pays transaction fees, so using the network does not force you to spend the asset you hold.

How does VeChain's consensus mechanism work?

VeChain runs on Proof of Authority 2.0 (PoA 2.0), where blocks are validated by a limited set of vetted, publicly known entities called Authority Masternodes. Because validators are accountable by identity rather than computing power, the network stays fast, energy-efficient, and cheap to operate — a practical fit for business applications.

Is the VET supply limited, and how does emission work?

Yes — VET has a hard cap of 86,712,634,466 coins, and no new VET is ever minted, so the total supply is fixed. What does get generated is VTHO: simply holding VET produces VTHO at a set rate, and that VTHO is burned to pay for transactions, which keeps fees stable and predictable.

How do I store and use VET?

For everyday use, the official VeWorld wallet (mobile and browser extension) is the go-to option, and hardware wallets like Ledger support VET for long-term storage; keeping it on an exchange also works, but that means trusting a third party with your keys. Holding VET in your own wallet automatically generates VTHO, which you can spend on transactions and dApps in the VeChain ecosystem — you can find wallets, docs, and tools on the official site, vechain.com.