Cryptocurrency Q&A
What crypto network is VeChain on?
What crypto network is VeChain on?
TopazRider
Thu Sep 26 2024
|
6 answers
841
Excuse me, I'm curious about VeChain and its underlying crypto network. Could you please elaborate on which specific blockchain platform VeChain operates on? I've heard some discussions about it being built on a unique network, but I'm not entirely sure. It would be great if you could provide some clarity on this matter. Thank you in advance for your insights.
6 answers
DigitalDuke
Sat Sep 28 2024
The VeChain project embarked on a significant milestone in 2017 by initiating the distribution of its native cryptocurrency, VEN, leveraging the Ethereum blockchain's robust infrastructure. This strategic move aimed to tap into the Ethereum community's vast pool of investors and enthusiasts.
Was this helpful?
152
91
Martina
Sat Sep 28 2024
The VEN tokens were introduced as part of a well-orchestrated crowdsale, which successfully sold 1 billion tokens, marking a testament to the project's potential and market appeal. This fundraising endeavor generated a substantial amount of $20 million, fueling the development and growth of VeChain's ecosystem.
Was this helpful?
73
32
Lucia
Sat Sep 28 2024
The transition from VEN to VET tokens signifies a pivotal moment in VeChain's evolution. With the launch of the VeChainThor blockchain, a more scalable, secure, and tailored platform for VeChain's applications, the need arose for a native token that could harness the full potential of this new blockchain.
Was this helpful?
53
25
GangnamGlitz
Sat Sep 28 2024
The VET token, often interchangeably referred to as VET coins, represents a pivotal shift in VeChain's architecture. It serves as the backbone of the VeChainThor blockchain, enabling seamless transactions, smart contract executions, and various decentralized applications tailored to supply chain management and other industries.
Was this helpful?
113
79
AltcoinAdventurer
Fri Sep 27 2024
BTCC, a renowned name in the cryptocurrency landscape, offers a comprehensive suite of services catering to the diverse needs of traders and enthusiasts alike. Among its esteemed offerings, BTCC stands out for its robust spot trading platform, providing users with access to a wide array of digital assets, including VET tokens.
Was this helpful?
64
71
Load 5 more related questions
