VeChain VET

Vechain is a platform that aims to combine blockchain and IoT (“Internet of Things”) technology to develop an ecosystem that will solve the problem of supply chain management.

VeChain, which has recognized the possibility of applying blockchain in the production chain and allows participants to record price, location, date, certificates and other information in order to guarantee product quality.

It is based on blockchain technology, which specializes in tracking and storing product information, and for each product, its VeChain identity is created using smart contracts.

With such smart contracts, VeChain offers the possibility of tracking the ownership and origin of the product, and in order for the customer to be sure that the goods he is buying are not counterfeit or in a worse condition than expected.

There is a VET token as a means of payment on the VeChain Thor blockchain. VET token owners will receive VeChain Thor, which is used to create smart contracts and run applications on the blockchain network, as well as send VET from one address to another.

At the time of writing, there are about 64,315,576,989 VET coins in circulation, while the maximum number is 86,712,634,466 VET coins.

VeChain (VET) was one of the first blockchains built exclusively to cater to the needs of companies.

Many companies have a chain of supply issues. Also, many companies have trouble gathering the right data and information. Once they collect a large amount of data, they are not distributed in an optimal manner.

The result of that is a lack of transparency and delayed data transmission.

VeChain gives companies the ability to track huge amounts of data. This information may include items such as quality, authenticity, storage temperature, and transport status.

This project has a clear approach to the market whose services are in high demand, and already has numerous partnerships because in the background there is a technical and marketing strong team with a clear vision and application.

VeChain (VET) coin can’t be mined. It uses a “Proof-of-Authority” consensus for validating transactions.

VeChain users can also stake their VET to earn some passive income. Staking requires a user to hold a VET coin in a network wallet that remains online for a certain amount of time

Sunny Liu founded WeChain in 2015. Prior to embarking on this project, he worked as a CIO (Head of Information Department) for the Louis Vuitton fashion house in China.

Clothing manufacturers often have major problems in the supply chain, which most likely led Liu to launch the VeChain project.

Co-founder Jay Zhang previously worked for Deloitte in finance and risk management.

On the Bitcoin Store platform, you can easily buy Vechain and more than 130 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification you can make a deposit (in HRK or EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 130 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, TrustWallet, Ledger, Treasury, etc., or on various trading platforms must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful you can sell your cryptocurrency. You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb and Split.

Verifying your identity via ID card is not required for all transactions up to HRK 15.000,00

In the exchange office, you can also make a deposit in cash directly to your Bitcoin Store account. The amount you deposit will be visible immediately and ready for your next cryptocurrency purchase.

You can store Vechain in your digital wallet. When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store VET on your own Bitcoin Store Wallet. The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can:

On 2022-10-06 the current Vechain price/exchange rate is 0.02403 EUR.