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About VeChain
VET is the native utility and governance token of the VeChainThor blockchain, a sustainability-focused Layer 1 platform designed for mass Web3 adoption and real-world supply chain solutions. Launched in 2015, the network utilizes a dual-token system where VET serves as the primary value-transfer medium and staking asset to secure the network, while VTHO (VeThor Token) is used to pay for transaction fees. Following the 2024 Renaissance upgrade, VET can be locked to mint StarGate NFTs for governance and VTHO rewards. The ecosystem is widely recognized for its enterprise partnerships in logistics, sustainability, and product authentication.
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