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.

#	Инструмент	Биржа	Эталонная Оценка	Цена	Изменение 24ч	Объем 24ч	Сделки 24ч	Открытие 24ч	Максимум 24ч
1	VET-USDT VETUSDT	binance	AA	0.008684USDT	10.36%	632,859,550.50VET	102,954	0.007868USDT	0.008900USDT
2	VET-USDT VETUSDT	bullish	AA	0.008675USDT	10.25%	590,821,102.37VET	36,453	0.007869USDT	0.008825USDT
3	VET-USD VET-USD	coinbase	AA	0.008684USD	10.30%	207,628,832.00VET	6,445	0.007873USD	0.008831USD
4	VET-USDT VETUSDT	bybit	A	0.008709USDT	10.53%	95,229,369.00VET	27,635	0.007879USDT	0.008910USDT
5	VET-USDT VET-USDT	kucoin	BB	0.008669USDT	10.04%	88,484,796.70VET	8,535	0.007878USDT	0.008817USDT
6	VET-TRY VETTRY	binance	AA	0.4200TRY	10.47%	85,427,779.90VET	8,274	0.3802TRY	0.4515TRY
7	VET-USDT VET_USDT	whitebit	BB	0.008676USDT	10.10%	45,328,821.77VET	23,877	0.007880USDT	0.008872USDT
8	VET-USDC VETUSDC	binance	AA	0.008694USDC	10.55%	44,939,458.70VET	7,549	0.007863USDC	0.008888USDC
9	VET-USDT VETUSDT_SPBL	bitget	BB	0.008682USDT	10.26%	38,413,069.83VET	9,295	0.007874USDT	0.008830USDT
10	VET-USDT VET_USDT	gateio	A	0.008698USDT	10.41%	31,503,004.00VET	5,370	0.007878USDT	0.008844USDT
11	VET-USD VETUSD	kraken	AA	0.008696USD	10.41%	30,002,083.31VET	2,061	0.007875USD	0.008887USD
12	VET-USD VET_USD	cryptodotcom	AA	0.008697USD	10.70%	16,242,880.00VET	3,141	0.007856USD	0.008847USD
13	VET-EUR VETEUR	binance	AA	0.007546EUR	10.08%	8,470,216.86VET	936	0.006855EUR	0.007700EUR
14	VET-USDC VET_USDC	whitebit	BB	0.008701USDC	10.45%	8,357,402.50VET	1,339	0.007878USDC	0.008826USDC
15	VET-USDT VET_USDT	cryptodotcom	AA	0.008634USDT	9.66%	5,396,650.00VET	1,109	0.007874USDT	0.008831USDT
16	VET-EUR VETEUR	kraken	AA	0.007545EUR	10.18%	5,295,260.86VET	584	0.006848EUR	0.007700EUR
17	VET-USD VETUSD	cexio	BB	0.008750USD	9.34%	3,570,459.26VET	19	0.008003USD	0.008752USD
18	VET-EUR VET_EUR	whitebit	BB	0.007559EUR	10.43%	3,570,640.87VET	657	0.006845EUR	0.007666EUR
19	VET-USDC VETUSDC	kraken	AA	0.008704USDC	10.18%	1,883,606.09VET	228	0.007900USDC	0.008808USDC
20	VET-BTC VET_BTC	whitebit	BB	0.0₆1054BTC	8.10%	1,298,495.00VET	112	0.0₇9750BTC	0.0₆1082BTC
21	VET-ETH VET-ETH	kucoin	BB	0.0₅3300ETH	9.27%	1,118,848.43VET	419	0.0₅3020ETH	0.0₅3340ETH
22	VET-USDT VETUSDT	kraken	AA	0.008575USDT	8.65%	833,535.28VET	171	0.007892USDT	0.008935USDT
23	VET-BTC VET-BTC	kucoin	BB	0.0₆1070BTC	10.31%	525,884.77VET	498	0.0₇9700BTC	0.0₆1080BTC
24	VET-USDT VETUSDT	cexio	BB	0.008734USDT	9.39%	395,867.00VET	6	0.007985USDT	0.008734USDT
25	VET-USDC VETUSDC	cexio	BB	0.008730USDC	15.63%	27,802.80VET	3	0.007550USDC	0.008734USDC
26	VET-VTHO VETVTHO	bullish	AA	15.73VTHO	0.00%	0VET	0	15.73VTHO	15.73VTHO
27	VET-EUR VETEUR	cexio	BB	0.007506EUR	8.65%	3,286.50VET	1	0.006908EUR	0.007506EUR
28	VET-KRW KRW-VET	upbit	B	11.90KRW	11.21%	467,056,142.70VET	8,158	10.70KRW	12.40KRW
29	VET-USDT vetusdt	huobipro	C	0.008668USDT	10.36%	453,589,837.21VET	66,638	0.007854USDT	0.008820USDT
30	VET-USDT vet_usdt	xtpub	-	0.008680USDT	10.29%	243,188,906.50VET	22,529	0.007870USDT	0.008830USDT
31	VET-USDT vet_usdt	digifinex	D	0.008683USDT	10.36%	240,971,871.60VET	81,916	0.007868USDT	0.008832USDT
32	VET-EUR VET-EUR	bitvavo	B	0.007553EUR	10.34%	173,439,714.11VET	5,487	0.006845EUR	0.007678EUR
33	VET-KRW VET_KRW	bithumbkorea	-	11.85KRW	11.16%	107,518,128.23VET	3,531	10.66KRW	12.07KRW
34	VET-USDT vet_usdt	lbank	C	0.008706USDT	10.75%	105,419,374.00VET	19,715	0.007861USDT	0.008817USDT
35	VET-USDT VETUSDT	bitrue	D	0.008681USDT	10.36%	91,802,837.00VET	47,699	0.007866USDT	0.008832USDT
36	VET-USDC VETUSDC	bitrue	D	0.008677USDC	10.24%	79,331,490.00VET	34,585	0.007870USDC	0.008833USDC
37	VET-USDT VET_USDT	coinw	-	0.008697USDT	10.48%	70,911,108.80VET	3,889	0.007872USDT	0.008817USDT
38	VET-USDT sVETUSDT	phemex	C	0.008670USDT	10.45%	49,611,554.20VET	10,166	0.007849USDT	0.008930USDT
39	VET-USDT VETUSDT	hitbtc	E	0.008678USDT	10.18%	36,547,150.00VET	3,532	0.007876USDT	0.008767USDT
40	VET-USDT VETUSDT	bequant	C	0.008678USDT	10.18%	36,547,150.00VET	3,532	0.007876USDT	0.008767USDT
41	VET-USDT VET-USDT	bingx	D	0.008678USDT	10.25%	26,456,233.52VET	23,457	0.007870USDT	0.008868USDT
42	VET-USDT VET_USDT	bydfi	-	0.008680USDT	10.29%	23,765,720.80VET	5,131	0.007870USDT	0.009480USDT
43	VET-USDT VET_USDT	bitunix	C	0.008683USDT	10.33%	18,048,583.80VET	15,571	0.007870USDT	0.008833USDT
44	VET-USDT VETUSDT	mexc	C	0.008679USDT	10.34%	15,880,703.50VET	2,646	0.007866USDT	0.009728USDT
45	VET-USDT VET-USDT	bigone	-	0.008650USDT	10.39%	9,846,948.27VET	5,242	0.007835USDT	0.008862USDT
46	VET-BITRUE VETBTR	bitrue	D	0.6018BITRUE	5.63%	9,242,174.90VET	13,583	0.5697BITRUE	0.6401BITRUE
47	VET-USDT VETUSDT	coinex	C	0.008691USDT	10.36%	7,990,077.89VET	9,146	0.007875USDT	0.008906USDT
48	VET-USDC VETUSDC	mexc	C	0.008664USDC	10.37%	6,148,404.11VET	2,960	0.007849USDC	0.009460USDC
49	VET-INR VETINR	coindcx	-	0.8689INR	10.59%	2,156,463.10VET	689	0.7857INR	0.8777INR
50	VET-USD VETUSD	binanceusa	B	0.008631USD	9.29%	2,003,921.90VET	738	0.007896USD	0.009278USD