Vechain VET
Report IssueVeChain is an enterprise-grade blockchain platform that is considered the leading L1 (layer 1) blockchain in the world. It serves as the foundation for the global digital sustainability revolution and is being developed in collaboration with key partner Boston Consulting Group.
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Crypto project Vechain (VET) is classified as a Blockchain. Vechain is a Utility token that is hosted on the Ethereum Network. The current total supply is 86.71 B (Circulating Supply + Tokens yet to be released - Burned Tokens).
(VET)
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The launch of VET token trading took place on 3 August, 2018.
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VeChain (VET) Cryptocurrency
VeChain allows businesses of any size to create new services and products using its proprietary blockchain application platform called VeChain ToolChain™. The platform offers BaaS (Blockchain as a Service), PaaS (Platform as a Service) and SaaS (Software as a Service) offerings, providing transparency, insight into product lifecycles and value creation for consumers, brands and supply chain participants. VeChain stands out from other cryptocurrencies due to several unique features.
First, it offers a comprehensive blockchain application platform called VeChain ToolChain™, which allows businesses of all sizes to collaborate and create new services and products. This platform provides transparency, insight into the product lifecycle and creates value for consumers, brands and supply chain members.
Secondly, VeChainThor, VeChain's public blockchain, is widely known for its real-world adoption and has over 300 enterprise partners and 3,000 enterprise users. It is suitable for a wide variety of use cases, including medical, energy, authenticity, provenance, NFT and GameFi, among others.
VeChainThor is known for its versatility, scalability and cost-effectiveness as it has solved many of the problems faced by other public blockchains. Thus, VeChain's unique combination of blockchain platform for collaboration, real-world implementation, and diverse use cases sets it apart. from other cryptocurrencies.