VeChain

About VeChain

VeChain is an enterprise-grade Layer-1 blockchain platform founded in 2015 that utilizes a dual-token system consisting of VET for governance and value storage, and VTHO for transaction fees, designed to provide supply chain management and IoT solutions for businesses. The platform operates on a fixed supply of 86.7 billion VET tokens and employs a proof-of-authority consensus mechanism, with holders automatically generating VTHO tokens for transaction costs while maintaining the ability to participate in network governance through staking.