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What is VeChain (VET), How and Where to Buy?

Esat Demirtaş Send an email 4 March 2022Last Updated: 16 April 2023
5 minutes read
What is VeChain (VET), How and Where to Buy?

Solution-oriented blockchain projects and the cryptocurrencies of these projects always manage to be the focus of attention. VeChain and VET Coin are also one of the projects that show that this tradition exists and continues.

Although VeChain and VET Coin, which have been in the crypto world for a long time and never cease to be popular, are well-known and well-known, they still have an audience that has just heard and asked the questions of what is VeChain and what is VET Coin.

In this article, we will try to give you the answers to all the questions about VeChain (VET), along with the answers to the question of what is VeChain and what is VET Coin, how and where to buy it.

What is VeChain?

VeChain; It is a blockchain-based supply chain platform project.

Aiming to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem that solves some important problems in supply chain management, VeChain was designed by Sunny Lu, who served as CIO at Louis Vuitton China in 2015, and was launched in June 2016.

VeChain, which stands out as a project created to transform traditional supply chain models, an industry that has existed for decades before blockchain; It aims to use transparent technology without a single weak point or control point.

This model of VeChain, which provides more protection, efficiency and easier tracking of products in the supply chain while reducing costs with its insecure automation system, especially appeals to businesses that want to reduce supply chain problems and leave a more transparent impression on users.

What is VeChainThor?

VeChainThor is a public blockchain designed for mass adoption of blockchain technology by enterprise users of all sizes.

VeChainThor aims to serve as a foundation for a sustainable and scalable enterprise blockchain ecosystem, supported in part by our new governance and economic models and unique protocol enhancements.

What is VeChain Explorer?

VeChain Explorer is a registry of transactions within the VeChain ecosystem and VeChain’s native cryptocurrencies VET Coin and VTHO Token. Thanks to this system, it is possible to track all transfer transactions made with VET and VTHO cryptocurrencies.

What is VeChain Stats?

VeChain Stats is the platform that contains all statistical information about VET Coin and VTHO Coin. It is possible to access many information such as market volumes, market values, total supplies and circulating supplies of both cryptocurrencies from this platform.

What is VET Coin?

VET Coin is one of the two native cryptocurrencies of the VeChain project and ecosystem.

VET Coin, which we can also call VeChain Coin, is the most popular cryptocurrency in the VeChain ecosystem, as well as the most preferred cryptocurrency.

With a maximum supply of 86,712,634,466 units of VET Coin, the circulating amount at the date of this article is 64,315,576,989 units.

Where to Buy VET Coins?

Currently, the only way to get VET Coin is to buy it from one of the central crypto exchanges that list VET Coins.

Since it is not included in decentralized crypto exchanges, it is not possible to buy VET Coins from these platforms called DEX, and crypto exchanges that list VET Coins should be preferred.

How to Buy VET Coins?

You can follow the steps below to get VET Coin on Binance, one of the crypto exchanges listing VET Coin and the most preferred exchange in the world:

  • Sign in to your Binance account. If you do not have a Binance account, click here to create your account with discounted commissions.
  • Deposit the amount you want to buy VET into your account. If you are going to transfer money in crypto, you can choose TRON (TRX) due to the low transfer fee.
  • After depositing money in your account, come to the Spot Trading, Market buying and selling platform and convert your currency into USDT or BUSD crypto-assets.
  • Then find the parity you want to buy from VET/USDT or VET/BUSD parities from the same place and complete the purchase by clicking on the Buy VET button after determining the amount you want to buy.

If you need support on the detailed use of Binance Exchange, you can review our article titled Binance Exchange and Detailed User Guide.

What is VTHO Token?

VTHO Token is another native cryptocurrency of the VeChain ecosystem.

The total supply of VTHO Token, whose full expansion is VeThor Token, is 44,915,980,429 units and all of this supply is in circulation. Normally, there is a burning system of VTHO Tokens, whose total supply is determined as 31,946,532,533 pieces.

VTHO Tokens are produced on VET Coin. On the VeChainThor blockchain, 0.00000005 VTHO is produced in each block per VET.

Where to Buy VTHO Token?

Just like VET Token, VTHO Token can be purchased from central crypto exchanges that list VTHO Tokens.

If you want to buy VTHO Tokens, you can first examine the crypto exchange where you already have an account, and if it is not in this exchange, you can choose one of the central crypto exchanges that list VTHO.

How to Buy VTHO Token?

You can follow the steps below to get VTHO Tokens on Binance, one of the crypto exchanges listing VTHO and the most preferred exchange in the world:

  • Sign in to your Binance account. If you do not have a Binance account, click here to create your account with discounted commissions.
  • Deposit the amount you want to buy VTHO into your account. If you are going to transfer money in crypto, you can choose TRON (TRX) due to the low transfer fee.
  • After depositing money in your account, come to the Spot Trading, Market buying and selling platform and convert your currency into USDT or BUSD crypto-assets.
  • Then find the parity you want to buy from VTHO/USDT or VTHO/BUSD parities from the same place and complete the purchase by clicking on the Buy VTHO button after determining the amount you want to buy.

If you need support on the detailed use of Binance Exchange, you can review our article titled Binance Exchange and Detailed User Guide.

Frequently Asked Questions About VeChain (VET)

In this section, we will try to provide answers to the most frequently asked questions about VeChain, VET Coin and VTHO Token and to constantly update this area in line with your requests.

What is VeChain Coin?

VeChain Coin; Another name for VET Coin. Normally, VeChain is the name of the project and ecosystem, while VET Coin is the name of the cryptocurrency, but still, the term VeChain Coin is not a misnomer.

What is VeChain (VET) Project?

VeChain (VET); It has a project on providing solutions and new conveniences to the problems in the retail supply chain, which dates back to before cryptocurrencies and blockchain technology.

What is VTHO Coin?

For VTHO Token, also called VeThor Token, many users use the term VTHO Coin, but it is incorrect. Because VeThor (VTHO) Token is a token unit, not a coin.

Who is VeChain (VET) and VTHO Founder?

The founder of VeChain (VET) and VTHO Token is Sunny Lu, who served as CIO of Louis Vuitton China in 2015.

Is VeChain (VET) a Future Project?

Known for its solution-oriented approach to an industry that has existed for years, VeChain (VET) is a project that is believed to have a future with this solution-oriented approach.

Official and Followable Accounts of VeChain (VET)

VeChain (VET) Official Website
https://www.vechain.org

VeChain (VET) Twitter
https://twitter.com/vechainofficial

VeChain (VET) Telegram
https://t.me/vechain_official_english

VeChain (VET) Reddit
https://www.reddit.com/r/Vechain/

VeChain (VET) Facebook
https://www.facebook.com/groups/VechainThor

VeChain (VET) CoinMarketCap
https://coinmarketcap.com/currencies/vechain/

VeChain (VET) CoinGecko
https://www.coingecko.com/en/coins/vechain

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Esat Demirtaş Send an email 4 March 2022Last Updated: 16 April 2023
5 minutes read
Photo of Esat Demirtaş

Esat Demirtaş

Since the day Bitcoin first entered our lives, my path has always crossed with cryptocurrencies and blockchain technology, and now I have turned my focus here, and when I realized that this world is brand new but complex, I decided to convey my humble knowledge to people who want to explore this world through the Binansal website.

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