Cryptocurrency Category: Coin
WHAT IS VECHAIN
The World’s Leading Blockchain Application Platform Driven by Enterprise Adoption
- 01 Professional Global Team
Founded in 2015, VeChain is one of the earliest blockchain technology companies in the world, with offices in China, Europe, US, Singapore, and Japan.
- 02 Proven Expertise in Many Industries
VeChain has supported digital business transformation use cases for blockchain solutions in industries as diverse as fashion, wine, automobile, food safety, carbon emission reduction and agriculture.
- 03 Easy-to-Deploy Blockchain Platform
Robust and secure blockchain infrastructure featuring turnkey solutions with both software and hardware ensures a quick implementation for enterprises and developers.
- 04 Partner Network for Ecosystem Expansion
VeChain’s business ecosystem includes many business and technology partners that promote blockchain application adoption and innovation by empowering each other, creating exponential value for all network participants.
GOVERNANCEA governance model with transparency and operational efficiency enables continual and rapid innovation, while resulting in consensus and decisions that balance the views of all stakeholders in the ecosystem. Community-elected Steering
Committee facilitates decision making and execution supported by the on-chain governance mechanism.
ECONOMIC MODELThe unique two-token system (VET+VTHO) significantly helps separate the cost of using blockchain from market speculation. Due to the correlation with the blockchain resource utilization, the cost is more predictable with the monitoring of the VTHO supply and demand. In addition, Foundation’s governance mechanism further stabilizes the cost.VTHO generation from any address holding VET at the predetermined velocity of 5×10-8 per VET per block (10s)70% of VTHO paid in each transaction is destroyed and the rest is awarded to the Authority Masternode OperatorAdjustment to variables (e.g. gas price, velocity) can be made to maintain the equilibrium of VTHO demand and supply