VeChain to Hold AMA on X on July 16th

VeChain will hold an AMA on X on July 16th at 21:00 UTC, providing an overview of current ecosystem developments, including the progress of more than 40 teams building on VET, community representation initiatives, and activities of the VeChain Foundation.

VET Info

VeChain (VET) is a blockchain platform specifically designed to enhance transparency in supply chains.

VeChain's technology is built upon two tokens: VET and VTHO. The VET token primarily serves as a means of payment or money transfer among VeChain users. On the other hand, the VTHO token is utilized to pay for transaction fees and interact with smart contracts on the VeChain blockchain.

It is important to note that VeChain has established collaborations with numerous prominent companies and organizations. For instance, the project has partnered with international consulting firm PwC, automobile manufacturer BMW, and others. This is attributed to VeChain's blockchain approach, which is highly suitable for industrial applications, particularly in the realm of supply chain management.