About Coin |
VeChain is a blockchain platform that was created in 2015 to provide supply chain management solutions. The platform uses blockchain technology to track and verify the authenticity and quality of products throughout the supply chain process. VeChain aims to increase transparency and reduce fraud in industries such as agriculture, luxury goods, and pharmaceuticals. The native cryptocurrency of the VeChain network is VET, which is used to facilitate transactions and pay for services on the platform. VET can also be used to generate VeThor (VTHO), a secondary token used to pay for the cost of using the VeChain network. VeChain has partnered with various companies to provide blockchain-based solutions, including Walmart China, PwC, and BMW. Additionally, VeChain has developed its own hardware, called VeChainThor, which is used to interact with the VeChain network and store VET and VTHO. VeChain has gained popularity in the crypto ecosystem for its innovative use cases and practical applications of blockchain technology. It has attracted a strong community of supporters who believe in its potential to revolutionize supply chain management and increase transparency and trust in various industries.
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