It is a halal token to trade.
What is VeChain?
VeChain (VET) is a public blockchain platform designed for enterprise applications, particularly in supply chain management. It utilizes Internet of Things (IoT) integration to track products and ensure data transparency.
Key Features of VeChain
- Dual-Token System: VET is the governance token, while VTHO is used for gas fees, separating value transfer from network usage.
- Security: VeChain uses a Proof-of-Authority (PoA) consensus mechanism for efficient and secure operation.
- Real-World Adoption: VeChain has partnered with various companies for supply chain solutions across industries.
Uses of VET Token
- Governance: VET holders can vote on proposals to shape the future of the VeChain platform.
- Value Transfer: VET can be used to pay for services within the VeChain ecosystem.
- Staking: Some exchanges allow staking VET to earn rewards