Question 1

What is VeChain Blockchain?

Accepted Answer

VeChainThor is a public blockchain designed for mass adoption of blockchain technology by enterprise users of all sizes. It is built on the essential building blocks of Ethereum, such as the account model, the EVM, the modified Patricia tree, and the RLP encoding method. VeChainThor provides innovative technical solutions that are powered by its novel governance and economic models, and is packed with features that are tailored to the needs of enterprises, individuals, and developers. VeChainThor is equipped with features such as meta-transaction features, Proof of Authority (PoA) consensus mechanism, and a unique two-token economic model. Meta-transaction features such as multi-party payment, multi-task transaction, and controllable transaction lifecycle make the development of decentralized applications more user-friendly. The PoA consensus ensures efficient and transparent transitions (upgrades) of the protocol to adapt to new challenges or innovations. The two-token system (VET+VTHO) helps separate the cost of using blockchain from market speculation and stabilizes the cost. VeChainThor is designed to be the foundation for a new era of trust and transparency and is positioned to be one of the most influential public blockchains.

Question 2

What is VeChain (VET)?

Accepted Answer

The VeChain Token (VET) is the native cryptocurrency of the VeChainThor blockchain. VET is used as a medium of exchange for activities and transactions on the VeChainThor blockchain and serves as a “fuel” to power the network. VET holders have the right to vote on governance decisions, participate in Proof of Authority (PoA) consensus, and receive rewards in the form of VTHO tokens. VTHO is generated from VET at a predetermined velocity and is used to pay the transaction fee for executing smart contracts and transactions on the blockchain. VET holders will also be able to benefit from other financial services such as staking, lending, and trading on third-party exchanges. With its innovative features, VeChainThor is positioned to be one of the most influential public blockchains, and VET is an integral part of this ecosystem.

Question 3

Two-token Design

Accepted Answer

The VeChain Token (VET) and VeThor Token (VTHO) are the two tokens that make up the VeChainThor blockchain's two-token design. VET is used as a medium of exchange for activities and transactions on the VeChainThor blockchain and serves as a “fuel” to power the network. VET holders have the right to vote on governance decisions, participate in Proof of Authority (PoA) consensus, and receive rewards in the form of VTHO tokens. VTHO is generated from VET at a predetermined velocity of 0.00000005 VTHO per VET per block and is used to pay the transaction fee for executing smart contracts and transactions on the blockchain. The two-token system (VET+ VTHO) helps to separate the cost of using blockchain from market speculation and stabilizes the cost. The total supply of VET is (check total supply), and VTHO is generated and consumed according to the amount of VET held and the amount of transactions taking place on the blockchain.

Question 4

Who created VeChain?

Accepted Answer

VeChain was created by Sunny Lu, who is the co-founder and CEO of the VeChain Foundation. Sunny previously served as the CIO of Louis Vuitton China. He has over 15 years of experience in the IT industry and has worked in the blockchain space since 2011. The VeChain Foundation, established in Singapore in 2017, is a non-profit organization dedicated to promoting the adoption and development of blockchain technology. The Foundation is responsible for developing and maintaining the VeChainThor blockchain, as well as providing technical guidance, education, and support services to the community.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	VET-USDT VETUSDT	bullish	AA	0.007092USDT	0.07%	1,193,802,626.95VET	60,417	0.007087USDT	0.007321USDT
2	VET-USDT VETUSDT	binance	AA	0.007097USDT	0.25%	228,928,140.00VET	27,965	0.007079USDT	0.007340USDT
3	VET-USD VET-USD	coinbase	AA	0.007101USD	0.45%	114,575,975.00VET	2,619	0.007069USD	0.007661USD
4	VET-USDT VET_USDT	whitebit	BB	0.007091USDT	0.30%	26,501,325.99VET	17,082	0.007070USDT	0.007328USDT
5	VET-USDT VETUSDT	bybit	A	0.007114USDT	0.55%	22,279,613.00VET	5,471	0.007075USDT	0.007346USDT
6	VET-USDT VET-USDT	kucoin	BB	0.007103USDT	0.38%	16,920,724.00VET	2,069	0.007076USDT	0.007337USDT
7	VET-USD VETUSD	kraken	AA	0.007108USD	0.28%	13,718,084.73VET	666	0.007088USD	0.007313USD
8	VET-TRY VETTRY	binance	AA	0.3451TRY	0.00%	11,427,696.00VET	689	0.3451TRY	0.3562TRY
9	VET-USDT VET_USDT	gateio	A	0.007104USDT	-0.29%	7,991,675.00VET	1,472	0.007125USDT	0.007314USDT
10	VET-USDC VETUSDC	binance	AA	0.007099USDC	0.08%	6,398,781.50VET	1,101	0.007093USDC	0.007310USDC
11	VET-USDT VETUSDT_SPBL	bitget	BB	0.007110USDT	0.57%	5,698,693.94VET	783	0.007070USDT	0.007290USDT
12	VET-USD VET_USD	cryptodotcom	AA	0.007102USD	0.10%	5,033,930.00VET	893	0.007096USD	0.007315USD
13	VET-USDC VET_USDC	whitebit	BB	0.007124USDC	0.91%	3,620,033.01VET	772	0.007060USDC	0.007334USDC
14	VET-EUR VETEUR	kraken	AA	0.006136EUR	-0.07%	3,568,286.50VET	226	0.006140EUR	0.006321EUR
15	VET-EUR VETEUR	binance	AA	0.006179EUR	0.62%	3,176,681.14VET	167	0.006141EUR	0.006334EUR
16	VET-EUR VET_EUR	whitebit	BB	0.006206EUR	1.31%	1,487,747.15VET	451	0.006126EUR	0.006323EUR
17	VET-BTC VET_BTC	whitebit	BB	0.0₇9300BTC	-0.64%	1,412,220.00VET	131	0.0₇9360BTC	0.0₇9590BTC
18	VET-USDC VETUSDC	kraken	AA	0.007108USDC	-0.43%	951,953.46VET	71	0.007139USDC	0.007300USDC
19	VET-USDT VETUSDT	kraken	AA	0.007059USDT	-0.38%	920,633.74VET	78	0.007086USDT	0.007256USDT
20	VET-USDT VET_USDT	cryptodotcom	AA	0.007044USDT	-1.17%	305,020.00VET	24	0.007128USDT	0.007272USDT
21	VET-ETH VET-ETH	kucoin	BB	0.0₅2900ETH	-2.03%	129,036.80VET	130	0.0₅2960ETH	0.0₅3020ETH
22	VET-BTC VET-BTC	kucoin	BB	0.0₇9300BTC	0.00%	71,776.67VET	275	0.0₇9300BTC	0.0₇9610BTC
23	VET-USDT VETUSDT	cexio	BB	0.006940USDT	-2.44%	12,420.33VET	4	0.007114USDT	0.007114USDT
24	VET-USDC VETUSDC	cexio	BB	0.006947USDC	-3.51%	10,000.00VET	1	0.007200USDC	0.007200USDC
25	VET-USD VETUSD	cexio	BB	0.007014USD	-2.78%	8,642.95VET	3	0.007214USD	0.007214USD
26	VET-EUR VETEUR	cexio	BB	0.006195EUR	-4.07%	4,647.76VET	2	0.006457EUR	0.006457EUR
27	VET-VTHO VETVTHO	bullish	AA	15.73VTHO	0.00%	0VET	0	15.73VTHO	15.73VTHO
28	VET-USDT vetusdt	huobipro	C	0.007105USDT	0.40%	191,228,996.31VET	23,253	0.007077USDT	0.007279USDT
29	VET-USDT vet_usdt	xtpub	-	0.007100USDT	0.28%	154,741,431.80VET	10,791	0.007080USDT	0.007320USDT
30	VET-EUR VET-EUR	bitvavo	B	0.006188EUR	0.93%	151,365,169.19VET	3,110	0.006131EUR	0.006380EUR
31	VET-USDT vet_usdt	digifinex	D	0.007095USDT	0.16%	99,027,372.00VET	31,473	0.007084USDT	0.007327USDT
32	VET-KRW KRW-VET	upbit	B	9.82KRW	1.45%	87,970,855.35VET	2,005	9.68KRW	10.10KRW
33	VET-USDT sVETUSDT	phemex	C	0.007070USDT	0.14%	51,708,456.80VET	9,935	0.007060USDT	0.007360USDT
34	VET-USDC VETUSDC	bitrue	D	0.007088USDC	0.17%	46,390,965.00VET	34,629	0.007076USDC	0.007319USDC
35	VET-USDT VET_USDT	coinw	-	0.007101USDT	0.32%	41,210,244.80VET	2,643	0.007078USDT	0.007302USDT
36	VET-USDT vet_usdt	lbank	C	0.007113USDT	0.54%	38,687,184.00VET	6,706	0.007075USDT	0.007296USDT
37	VET-USDT VETUSDT	bitrue	D	0.007100USDT	0.31%	36,295,096.00VET	13,130	0.007078USDT	0.007340USDT
38	VET-KRW VET_KRW	bithumbkorea	-	9.68KRW	0.07%	16,287,323.23VET	939	9.67KRW	9.94KRW
39	VET-USDT VETUSDT	hitbtc	E	0.007116USDT	-0.21%	13,739,680.00VET	2,794	0.007131USDT	0.007281USDT
40	VET-USDT VETUSDT	bequant	C	0.007116USDT	-0.21%	13,739,680.00VET	2,794	0.007131USDT	0.007281USDT
41	VET-USDT VET-USDT	bigone	-	0.007133USDT	0.83%	13,206,158.88VET	5,220	0.007074USDT	0.007198USDT
42	VET-USDT VETUSDT	mexc	C	0.007095USDT	0.21%	12,419,194.09VET	1,993	0.007080USDT	0.007325USDT
43	VET-USDT VET_USDT	bitunix	C	0.007093USDT	0.18%	12,147,323.60VET	7,932	0.007080USDT	0.007324USDT
44	VET-USDT VET-USDT	bingx	D	0.007099USDT	0.30%	10,798,393.89VET	10,007	0.007078USDT	0.007319USDT
45	VET-USDT VETUSDT	coinex	C	0.007092USDT	0.17%	10,329,465.25VET	9,328	0.007080USDT	0.007325USDT
46	VET-USDT VET_USDT	bydfi	-	0.007100USDT	0.28%	9,314,379.60VET	3,528	0.007080USDT	0.007320USDT
47	VET-USDC VETUSDC	mexc	C	0.007099USDC	0.45%	7,729,848.41VET	2,945	0.007067USDC	0.007306USDC
48	VET-BITRUE VETBTR	bitrue	D	0.5215BITRUE	2.02%	4,952,246.50VET	10,596	0.5112BITRUE	0.5352BITRUE
49	VET-USDT VETUSDT	binanceusa	B	0.007098USDT	0.52%	2,022,653.70VET	3,006	0.007061USDT	0.007301USDT
50	VET-IDR vetidr	indodax	E	130.00IDR	4.00%	1,783,897.23VET	375	125.00IDR	188.00IDR