1. What is VeChain (VET)?
VeChain (VET) is a Layer 1 smart contract platform specializing in supply chain management and enterprise solutions. It leverages blockchain technology to provide real-time, tamper-proof data for global supply chains, ensuring transparency from production to delivery.
👉 Discover how VeChain transforms industries
2. Sector Classification & Market Context
Layer 1 Blockchain Sector Highlights (2023)
- DeFi Growth: Rising adoption in finance for asset fractionalization.
- Regulatory Challenges: Increased scrutiny post-Terra/FTX collapse.
- Enterprise Adoption: NFTs, identity management, and smart contracts gaining traction.
Key Takeaway: VeChain’s PoA consensus offers scalability for businesses, positioning it as a leader in enterprise blockchain.
3. Tokenomics: Allocation & Supply
Token Metrics
| Metric | Value |
|--------------------------|-------------------------------|
| Max Supply | 86.71B VET |
| Circulating Supply | 72.71B VET (83.8%) |
| Market Cap | $1.65B |
Dual-Token Model
- VET: Holds value; generates VTHO (gas token).
- VTHO: Used for fees; 70% burned per transaction.
👉 Explore VeChain’s tokenomics
4. Team & Investors
Core Team
- Sunny Lu (CEO): Ex-Louis Vuitton China CIO.
- Jay Zhang: Former Deloitte/PwC senior manager.
Funding Rounds
- Series B (2021): Kosmos Ventures.
- Corporate Round (2018): PwC, DNV, Fenbushi Capital.
5. Development Milestones
Key Events
- 2015: Forked from Ethereum.
- 2018: Mainnet launch.
- 2022: PoA 2.0 upgrade, UFC partnership.
6. 2023–2024 Roadmap
Upcoming Features
- Q1 2023: Carbon footprint explorer, Ethereum bridge.
- 2024: DAO OS, algorithmic stablecoins.
7. Important Links
8. Bullishness Index (2023–2032)
Price Predictions
| Year | Price Range |
|----------|-----------------------|
| 2023 | $0.0225–$0.0244 |
| 2025 | $0.0461–$0.0569 |
| 2030 | $0.29–$0.34 |
Verdict: Strong long-term growth potential with enterprise adoption.
FAQ
Q1: How does VeChain generate revenue?
A: Through transaction fees (VTHO) and enterprise partnerships.
Q2: Is VET inflationary?
A: Yes, but VTHO burn mechanisms counteract inflation.
Q3: What makes VeChain unique?
A: Its dual-token model and real-world supply chain integrations.