Question 1

What is VeChain Blockchain?

Accepted Answer

VeChainThor is a public blockchain designed for mass adoption of blockchain technology by enterprise users of all sizes. It is built on the essential building blocks of Ethereum, such as the account model, the EVM, the modified Patricia tree, and the RLP encoding method. VeChainThor provides innovative technical solutions that are powered by its novel governance and economic models, and is packed with features that are tailored to the needs of enterprises, individuals, and developers. VeChainThor is equipped with features such as meta-transaction features, Proof of Authority (PoA) consensus mechanism, and a unique two-token economic model. Meta-transaction features such as multi-party payment, multi-task transaction, and controllable transaction lifecycle make the development of decentralized applications more user-friendly. The PoA consensus ensures efficient and transparent transitions (upgrades) of the protocol to adapt to new challenges or innovations. The two-token system (VET+VTHO) helps separate the cost of using blockchain from market speculation and stabilizes the cost. VeChainThor is designed to be the foundation for a new era of trust and transparency and is positioned to be one of the most influential public blockchains.

Question 2

What is VeChain (VET)?

Accepted Answer

The VeChain Token (VET) is the native cryptocurrency of the VeChainThor blockchain. VET is used as a medium of exchange for activities and transactions on the VeChainThor blockchain and serves as a “fuel” to power the network. VET holders have the right to vote on governance decisions, participate in Proof of Authority (PoA) consensus, and receive rewards in the form of VTHO tokens. VTHO is generated from VET at a predetermined velocity and is used to pay the transaction fee for executing smart contracts and transactions on the blockchain. VET holders will also be able to benefit from other financial services such as staking, lending, and trading on third-party exchanges. With its innovative features, VeChainThor is positioned to be one of the most influential public blockchains, and VET is an integral part of this ecosystem.

Question 3

Two-token Design

Accepted Answer

The VeChain Token (VET) and VeThor Token (VTHO) are the two tokens that make up the VeChainThor blockchain's two-token design. VET is used as a medium of exchange for activities and transactions on the VeChainThor blockchain and serves as a “fuel” to power the network. VET holders have the right to vote on governance decisions, participate in Proof of Authority (PoA) consensus, and receive rewards in the form of VTHO tokens. VTHO is generated from VET at a predetermined velocity of 0.00000005 VTHO per VET per block and is used to pay the transaction fee for executing smart contracts and transactions on the blockchain. The two-token system (VET+ VTHO) helps to separate the cost of using blockchain from market speculation and stabilizes the cost. The total supply of VET is (check total supply), and VTHO is generated and consumed according to the amount of VET held and the amount of transactions taking place on the blockchain.

Question 4

Who created VeChain?

Accepted Answer

VeChain was created by Sunny Lu, who is the co-founder and CEO of the VeChain Foundation. Sunny previously served as the CIO of Louis Vuitton China. He has over 15 years of experience in the IT industry and has worked in the blockchain space since 2011. The VeChain Foundation, established in Singapore in 2017, is a non-profit organization dedicated to promoting the adoption and development of blockchain technology. The Foundation is responsible for developing and maintaining the VeChainThor blockchain, as well as providing technical guidance, education, and support services to the community.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	VET-USDT VETUSDT	bullish	AA	0.006726USDT	-3.50%	128,777,391.31VET	12,533	0.006970USDT	0.007001USDT
2	VET-USDT VETUSDT	binance	AA	0.006733USDT	-3.43%	112,563,175.10VET	23,347	0.006972USDT	0.007011USDT
3	VET-USD VET-USD	coinbase	AA	0.006724USD	-3.43%	29,025,125.00VET	1,150	0.006963USD	0.007001USD
4	VET-USDT VET_USDT	whitebit	BB	0.006737USDT	-3.30%	26,467,294.24VET	12,559	0.006967USDT	0.007006USDT
5	VET-USDT VETUSDT	bybit	A	0.006728USDT	-3.44%	12,019,796.00VET	2,473	0.006968USDT	0.007002USDT
6	VET-USDC VETUSDC	binance	AA	0.006723USDC	-3.54%	8,903,710.40VET	3,297	0.006970USDC	0.006996USDC
7	VET-USD VETUSD	kraken	AA	0.006735USD	-3.33%	6,504,929.75VET	521	0.006967USD	0.006993USD
8	VET-USDT VET_USDT	gateio	A	0.006730USDT	-3.55%	5,389,447.00VET	1,014	0.006978USDT	0.006989USDT
9	VET-USDT VETUSDT_SPBL	bitget	BB	0.006729USDT	-3.42%	4,956,212.37VET	1,159	0.006967USDT	0.007000USDT
10	VET-USD VET_USD	cryptodotcom	AA	0.006726USD	-3.43%	4,808,200.00VET	5,620	0.006964USD	0.006997USD
11	VET-USDT VET-USDT	kucoin	BB	0.006745USDT	-3.30%	4,636,355.00VET	1,262	0.006975USDT	0.007004USDT
12	VET-TRY VETTRY	binance	AA	0.3353TRY	-3.34%	3,206,700.30VET	316	0.3469TRY	0.3479TRY
13	VET-EUR VETEUR	binance	AA	0.005955EUR	-4.37%	1,784,857.25VET	65	0.006227EUR	0.006246EUR
14	VET-EUR VET_EUR	whitebit	BB	0.006021EUR	-3.11%	1,461,973.68VET	467	0.006214EUR	0.006256EUR
15	VET-EUR VETEUR	kraken	AA	0.006006EUR	-3.35%	1,450,561.72VET	86	0.006214EUR	0.006248EUR
16	VET-USDT VET_USDT	cryptodotcom	AA	0.006734USDT	-3.41%	1,304,420.00VET	4,637	0.006972USDT	0.007003USDT
17	VET-USDC VET_USDC	whitebit	BB	0.006734USDC	-3.33%	1,254,403.04VET	421	0.006966USDC	0.007001USDC
18	VET-BTC VET_BTC	whitebit	BB	0.0₇8380BTC	-3.12%	854,377.00VET	66	0.0₇8650BTC	0.0₇8650BTC
19	VET-USDC VETUSDC	kraken	AA	0.006778USDC	-3.43%	852,397.80VET	22	0.007019USDC	0.007019USDC
20	VET-USDT VETUSDT	kraken	AA	0.006786USDT	-5.22%	64,773.79VET	7	0.007160USDT	0.007160USDT
21	VET-ETH VET-ETH	kucoin	BB	0.0₅2890ETH	-2.03%	48,918.15VET	96	0.0₅2950ETH	0.0₅2950ETH
22	VET-BTC VET-BTC	kucoin	BB	0.0₇8340BTC	-3.58%	31,984.41VET	129	0.0₇8650BTC	0.0₇8650BTC
23	VET-EUR VETEUR	cexio	BB	0.006090EUR	-4.18%	4,466.00VET	1	0.006356EUR	0.006356EUR
24	VET-VTHO VETVTHO	bullish	AA	15.73VTHO	0.00%	0VET	0	15.73VTHO	15.73VTHO
25	VET-USDC VETUSDC	cexio	BB	0.006764USDC	-5.82%	3,349.50VET	1	0.007182USDC	0.007182USDC
26	VET-USD VETUSD	cexio	BB	0.006848USD	-2.91%	2,934.04VET	2	0.007053USD	0.007053USD
27	VET-USDT VETUSDT	cexio	BB	0.006811USDT	-3.30%	2,456.30VET	1	0.007043USDT	0.007043USDT
28	VET-USDT vetusdt	huobipro	C	0.006734USDT	-3.26%	183,015,820.39VET	21,686	0.006961USDT	0.007005USDT
29	VET-KRW KRW-VET	upbit	B	9.03KRW	-3.53%	75,479,665.87VET	1,453	9.36KRW	9.41KRW
30	VET-USDT vet_usdt	xtpub	-	0.006730USDT	-3.44%	44,442,609.60VET	3,652	0.006970USDT	0.007010USDT
31	VET-EUR VET-EUR	bitvavo	B	0.006005EUR	-3.53%	38,682,409.91VET	1,170	0.006224EUR	0.006248EUR
32	VET-USDT sVETUSDT	phemex	C	0.006720USDT	-3.45%	31,077,311.30VET	8,212	0.006960USDT	0.007040USDT
33	VET-USDC VETUSDC	bitrue	D	0.006726USDC	-3.46%	30,891,286.00VET	33,713	0.006967USDC	0.007003USDC
34	VET-USDT vet_usdt	lbank	C	0.006730USDT	-3.54%	20,846,289.00VET	4,014	0.006977USDT	0.007009USDT
35	VET-USDT VET_USDT	coinw	-	0.006732USDT	-3.46%	20,588,395.70VET	2,176	0.006973USDT	0.006999USDT
36	VET-USDT VETUSDT	bitrue	D	0.006732USDT	-3.51%	15,850,971.00VET	6,971	0.006977USDT	0.007010USDT
37	VET-KRW VET_KRW	bithumbkorea	-	9.02KRW	-3.38%	12,100,502.32VET	298	9.34KRW	9.41KRW
38	VET-USDT VET-USDT	bigone	-	0.006727USDT	-3.80%	10,989,288.50VET	5,258	0.006993USDT	0.007042USDT
39	VET-USDT VET_USDT	bitunix	C	0.006732USDT	-3.46%	11,023,373.40VET	7,457	0.006973USDT	0.007009USDT
40	VET-USDC VETUSDC	mexc	C	0.006725USDC	-3.53%	7,806,435.68VET	2,961	0.006971USDC	0.007001USDC
41	VET-USDT VETUSDT	mexc	C	0.006729USDT	-3.43%	7,614,945.92VET	2,247	0.006968USDT	0.007065USDT
42	VET-USDT VET-USDT	bingx	D	0.006734USDT	-3.46%	7,245,019.35VET	6,598	0.006975USDT	0.007009USDT
43	VET-USDT vet_usdt	digifinex	D	0.006732USDT	-3.44%	6,773,871.60VET	4,735	0.006972USDT	0.007010USDT
44	VET-USDT VET_USDT	bydfi	-	0.006730USDT	-3.44%	4,410,187.70VET	2,396	0.006970USDT	0.007000USDT
45	VET-BITRUE VETBTR	bitrue	D	0.5744BITRUE	-0.90%	3,034,204.50VET	10,045	0.5796BITRUE	0.5936BITRUE
46	VET-INR VETINR	coindcx	-	0.6749INR	-4.29%	1,489,476.95VET	211	0.7052INR	0.7084INR
47	VET-USDC VETUSDC	bit2me	B	0.006778USDC	-3.43%	852,397.80VET	22	0.007019USDC	0.007019USDC
48	VET-IDR vetidr	indodax	E	123.00IDR	-2.38%	360,246.90VET	36	126.00IDR	127.00IDR
49	VET-USDT VETUSDT	binanceusa	B	0.006721USDT	-3.75%	298,307.00VET	30	0.006983USDT	0.007008USDT
50	VET-USD VETUSD	binanceusa	B	0.006656USD	-4.42%	297,267.40VET	45	0.006964USD	0.007080USD