What is VeChain (VET)?

VeChain’s knack for IoT and smart chip tech powers its blockchain to handle supply chains smoothly. Its VET token manages transactions and votes, while VTHO covers fees. In 2025, partnerships with Walmart and BMW show their use in tracking goods.

How does VeChain operate?

VeChain uses a Proof of Authority system, where trusted nodes confirm transactions quickly with low energy. Companies track products like food or luxury items using IoT and smart contracts for safety and authenticity. In 2025, its VET-VTHO tokens keep fees steady for businesses.

What does the VET token do?

The VET token handles payments and voting on VeChain’s blockchain, giving holders a say in changes. It creates VTHO for transaction fees, earning income for holders. In 2025, its 86.7 billion supply aids supply chain and DeFi uses.

Will VeChain grow in the future?

VeChain (VET) has good growth chances due to its supply chain solutions and ties with Walmart and BMW. Despite market swings, its low-energy blockchain may boost value by 2030. In 2025, price forecasts range from $0.05 to $0.20, but investors should track trends.

Is VeChain a Chinese company?

VeChain is a Chinese company started in 2015 by Sunny Lu, a former Louis Vuitton China executive, and as part of Bitse, a Chinese blockchain company. Now based in Singapore, it helps businesses worldwide with supply chain tools. In 2025, partnerships with Walmart and BMW show their worldwide reach.

Which companies use VeChain?

Major companies use VeChain’s blockchain for better operations. BMW prevents car odometer fraud, LVMH verifies luxury goods, and Walmart ensures food safety. In 2025, these ties highlight VeChain’s supply chain role.

What are VeChain’s real-world uses?

VeChain has hands in big chains like LVMH’s luxury goods to ensure genuineness and Walmart China’s food for safety. Its VeBetterDAO promotes eco-friendly apps, while VeSea drives NFT marketplaces. With IoT technology it supports healthcare, car production, and logistics sectors. A smart blockchain that offers secure, clear data tracking, boosting trust and efficiency in global supply chains.

What is VTHO, and how is it connected to VET?

VTHO is VeChain’s token for paying transaction fees, much like gas on Ethereum, used on the VeChainThor blockchain. Holding VET produces VTHO, with 70% destroyed after use to increase VET’s worth. In 2025, this setup ensures stable fees and benefits VET owners.

How safe is VeChain’s blockchain?

VeChain’s PoA uses trusted validators staking 25 million VET, lowering attack risks. After fixing a 2019 $6.5 million theft, VeChain has seen no major hacks. In 2025, users must secure their wallet keys to stay protected.

Why does VeChain use a dual-token system?

VeChain’s dual-token system splits VET (for value and voting) and VTHO (for fees), keeping costs steady despite VET price changes. This benefits businesses needing predictable expenses and encourages VET holding for VTHO generation. In 2025, the 100% VTHO fee burn enhances scarcity, supporting long-term value.

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VeChain Spotlighted for Wine Supply Chain Safety in China and Australia

With the backing of a scholarly article that emphasizes its practical influence on the wine business, VeChain is still gaining international recognition. The research emphasizes the role of the VeChain blockchain in food supply chain transparency, particularly in areas such as China and Australia. In these regions, VeChain’s technology verifies product origin, shipping conditions, and […]