VeChain – What is VET coin? All information about VET

• VeChain project overview
• What is VeChain Project?
• Purpose of establishment of the VeChain project
• How VeChain project works
• VeChain project development team and partners
• VeChain Token Overview
• What is VET coin?
• What is VeThor Token (VTHO)?
• Safe and reputable VET coin storage wallet
• Should invest in VeChain (VET) project or not?
• summary

Returning to the cryptocurrency race in June 2018, the VeChain project quickly caught on and flourished. Thanks to that, it attracts a lot of potential investors. It can be said that no previous project can do like VeChain when continuously announcing new partners to apply VeChain technology to their projects.

VeChain project overview

What is VeChain Project? 

The famous VeChain (VET) in the Crypto market is a refreshing blockchain platform. It is a fork from the professional platform Ethereum. VeChain defines the main goal as focusing on the process of providing solutions for supply chain management for businesses. In addition, it also performs integration with Internet of Things ( Internet of Things ) devices . This process is intended to create a stepping stone for businesses to operate smoothly and easily. 

Founded in 2015 under the leadership of a group of Chinese information technology experts, VeChain has been a hot hit project like never before. Currently, VeChain company is headquartered in Singapore. Initially, VeChain's blockchain platform was built on top of Ethereum. However, unlike other projects, this application of VeChain brings a lot of freshness thanks to the improvement in DBGP, DMBSP and DGIP protocols.

Since its inception, VeChain has expected to conquer NFC technology in smartphones, in order to trace the origin of products at any store or supermarket. 

Purpose of establishment of the VeChain project

In the fast and powerful development of technology, people are facing a painful problem, which is the security of personal data. We have seen a lot of cases where sensitive information was leaked from the delivery of information. In addition, the centralized storage of product information as well as other data is easy to be hacked by bad actors. 

To solve this situation, VeChain's potential development team decided to build a new platform. This is a place that promises to bring a secure space for customers' information. Because it is a decentralized platform with fast processing speed and high transparency. Along with that, the development team will also continuously implement and research changes and upgrades to promptly fix the project's vulnerabilities. With this way of working, VeChain completely makes partners feel secure to entrust their important data. 

Thanks to its constant efforts, VeChain has conquered its partners, especially the cooperation in development with a series of well-known companies in the market such as Cisco, Oracle, Coca-Cola, Alibaba. …

Recently, it has been reported that VeChain is the main partner of BMW - a luxury car company and is sought after by the rich from Germany. However, both sides have yet to make any official announcement for this cooperation.

How VeChain project works

VeChain is a project born and built on the basis of modern technology. There, it uses anti-fraud technology to verify and categorize items. Thereby, it can bring a new and reliable experience to customers as well as companies and businesses.

Recently, VeChain was designed by the team to prevent the process of selling fake and poor quality goods. However, it has since been creatively used by large companies to simplify their supply chain management. This helps them save quite a lot of costs for the production process.

So do you know how VeChain works? Let TraderH4 reveal to you its working principle!

First, it assigns items a unique sticker. You can absolutely use the built-in sensors to perform tracking of those items throughout their journey.

By storing tracking information, you have a clear understanding of the entire history as well as the process and process of transporting goods to the place of sale. This means that you can verify their origin and quality.

VeChain project development team and partners

Development team

Born and developed by a team of talented and ambitious experts, VeChain has operated widely in fields such as blockchain technology, business, finance… So who is this team? 

• Project Executive Director (CEO) – Sunny Lu
• Chief Marketing Officer (CMO) – Richard Fu
• Sales Manager (CSO) – Chin Qian 
• Chief Financial Officer (CFO) – Jay Zhang 
• Advisor – Scott Brisbin
• Business Development – ​​Jerome Grilleres.

Partner

As a blockchain project applying new technology, VeChain attracts the attention of many large enterprises. Therefore, VeChain has become the main partner of BIOS, PwC, LVMH…

VeChain Token Overview

What is VET coin? 

Basic information about VET coin

• Code: VET
• Blockchain: VeChainThor
• Standard: VIP180, VIP181
• Block generation time: 10 seconds
• Transaction speed: 10,000 TPS
• Current circulating supply: 64.32 billion VET
• Maximum total supply: 86,712,634,466 VET

VET coin allocation

With a supply of nearly 87 billion VET coins, currently, these coins are distributed at a very reasonable rate as follows:

• ICOs account for 41%.
• Owners of the second largest amount of VET are corporate investors, accounting for 23%.
• Technology Development and Operation Fund owns 12%.
• Advertising activities of the company account for 10%.
• Private investors own 9%.
• Founder and development team hold 5%.

Learn how to earn and own VET

To own VET, you can completely refer to large and reputable exchanges. TraderH4 would like to offer a few reputable names for you to refer to and participate in trading here! Those are names that are very familiar to many investors such as Binance, Bitfinex, KuCoin, Huobi Global…

What is VeThor Token (VTHO)?

VeChainThor is a mobile wallet platform to support VET coin storage. The VTHO token is the token of this platform. Here is the basic information about the VeThor token:

• Code: VTHO
• Standard: VIP18
• Platform: VeChainThor
• Contract: 0x000000…456E65726779
• Circulating supply: 35.79 billion VTHO
• Maximum supply: 35,790,195,546 VTHO

Safe and reputable VET coin storage wallet

When holding VET coins, investors often wonder where to store them? So let TraderH4 suggest you. These are tokens in the form of ERC-20. So you can store them at wallets that support this standard like:  

• Coin98 Wallet
• Trust Wallet
• MetaMask

In addition, VET coins are also chosen by investors to be stored at the project's VeChain Wallet storage wallet.

Should invest in VeChain (VET) project or not?

It can be said that, since its launch until now, VeChain has been very successful on its journey. It has a reputation as one of the particularly successful Ethereum forks. 

Unlike other projects, VeChain has led the trend when focusing on solving and finding technology solutions that apply directly to businesses. With the ambition to develop a world of technology and support the process of goods quality control, VeChain is implementing a multi-purpose transformation to adapt to the requirements of businesses at extremely low costs.

In addition, VeChain also receives support from a wide network of customers around the world. Large corporations also choose VeChain as their partner. This is what makes us completely confident to choose to invest in such a potential project.

summary

The above article of TraderH4 has helped you partly answer the question about what VET coin is. At the same time, it also provides you with important information about VET coin. Hope you will make smart and successful investment decisions! 

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