Company OverviewIncorporated
in Singapore on August 22, 2017, VeChain Foundation Limited is a blockchain platform focused on enterprise-level applications, aiming to improve the transparency and efficiency of supply chain management and business processes through blockchain technology.
Products &
ServicesVeChain offers a variety of products and services based on blockchain technology, including:
VeChainThor Blockchain Platform: A high-performance, scalable public blockchain that supports the development of smart contracts and decentralized applications.
ToolChain: A blockchain-as-a-service (BaaS) platform that provides enterprises with standardized blockchain solutions that support product traceability, data validation, and process automation.
VeChain Token (VET) and VeThor Token (VTHO): VET is used for value transfer and network governance, and VTHO is used to pay transaction fees, enabling a dual-token economic model.
Marketplace-as-a-Service (MaaS): A no-code digital asset marketplace platform that enables businesses and individuals to create and manage NFTs and other digital assets.
Technical
ArchitectureVeChain's technical architecture has the following characteristics:
Proof of Authority (PoA) consensus mechanism: Authoritative nodes are used for block verification to improve network efficiency and security.
Dual-token system: Through the separation of VET and VTHO, the transaction fee is stabilized and the impact of market volatility on the application is reduced.
EVM compatibility: The Ethereum Virtual Machine (EVM) is supported, making it easy for developers to migrate and deploy smart contracts.
Internet of Things (IoT) integration: Combined with IoT devices, real-time monitoring and data on-chain of products from production to delivery are realized.
Market PerformanceAs
of May 2025, the price of the VET token is around $0.0324, the market cap is around $2.7 billion, and the circulating supply is around 85.985 billion. VET's all-time high is $0.282, and the current price is down about 88% from its peak. The VET token has been listed on several major cryptocurrency exchanges, including Binance, Coinbase, and Kraken, with good liquidity and market recognition.
SummaryVeChain
has successfully built a scalable, secure, and decentralized blockchain platform through its innovative technical architecture and diversified products and services, meeting the performance and security needs of enterprise-level applications. Its focus on supply chain management and IoT integration has given it an important place in the blockchain industry.
