The founding white paper of crypto VeChain was published in 2015.
VeChain’s two founders are Sunny Lu, former CIO at Louis Vuitton, and Jay Zhang, who had previously worked at Deloitte and PriceWaterhouseCoopers.
But what is VeChain used for?
Unlike other abstract cryptos, it’s easy to understand how VeChain works.
The VeChain blockchain offers a solution for supply chain management.
VeChain ensures product traceability, improves transparency and combats counterfeiting.
The quality of VeChain’s partners testifies to the effectiveness of the network.
Indeed, VeChain has won over a number of Fortune 500 companies, including LVMH, BMW, Walmart and Deloitte.
Initially, the project was developed on the Ethereum blockchain.
Its associated token was then an ERC-20 token called VEN.
In 2018, VeChain migrated to its own blockchain called VeChainThor.
Since then, the VeChain ecosystem has been powered by two tokens:

• The native VeChain Token (VET) has replaced the old VEN.
  It is the project’s governance token.
  It is also used to access the platform’s services.
• The VeChainThor Energy (VTHO) token is used to pay gas fees for transactions and smart contracts.

VeChain provides a concrete solution to the problems faced by companies.
Thanks to blockchain technology, companies can track their products in real time along the supply chain.
This meets their need for traceability and transparency.
VeChain also helps customers verifyproduct authentication.
For example, the VeChain blockchain can give a unique identifier to a luxury watch.
Sensors record this digital tag at every stage of the product’s life.
In this way, customers can know exactly how a product comes into their hands, and can be sure that it is not counterfeit.
Smart contracts also enable more efficient supply chain management.
For example, these smart contracts can automatically release a supplier’s payment when a product reaches a certain milestone.
What’s more, VeChain’s usefulness can be applied to a wide variety of sectors.
Decentralized applications already developed with the project demonstrate this diversity, touching on the fashion, luxury goods and automotive sectors, among others.

Security of funds: You don’t want to entrust your funds to just anyone Coinhouse manages its customers’ money as rigorously as it does its own, offering you the highest level of security. Easy to use: Too much information and an unclear interface can confuse the user.
In contrast, the Coinhouse site is uncluttered and easy to use. Customer service in French: With Coinhouse, you’re never left alone with a problem.
Our French-language customer service team is there to help. AMF-registered French platform: With its PSAN registration issued by the Autorité des Marchés Financiers (AMF), Coinhouse complies with current regulations.

1. Registration: To buy VeChain, start by registering with Coinhouse.
   From the site’s home page, click on “Open an account”, then fill in the short registration form.
2. Verification: As a security measure, Coinhouse then verifies your identity.
   To do this, you need to take a selfie with your ID in hand.
3. Funds deposit: Once you have access to the services, you can fund your euro account.
   Funds can be deposited by card or bank transfer.
4. Buying VET: You can use these euros to buy VET cryptos by clicking on the “Buy” button.
   Alternatively, you can exchange another crypto for VeChain by selecting the “Exchange” option.
   You can then exchange USDT for VET cryptos.
5. Secure storage: To secure your VeChain after purchase, you can use the Coinhouse wallet.
   It’s the fastest and safest way to store VETs.

You can also sell VETs on Coinhouse.
To do so, click on “Sell” on the home page, and enter your bank details.
Funds will arrive in this account within 1 to 3 working days.

VET listing on Coinbase. On September 13, 2023, the VeChain crypto joined the trading catalog of Coinbase, the world’s second-largest exchange. VET courses in shape. VeChain has shown positive momentum since the end of October 2023.
The VET price rose from €0.01563 on October 21 to €0.03424 on December 26, 2023.
The price has since fallen back somewhat. Improvements to the Vorj platform. In April 2023, VeChain launched the “no code” Vorj.io platform, to enable the creation of NFTs, DApps and DAOs on the VeChainThor blockchain.
Enhancements continue to be made to Vorj, such as ERC-5660 support, which has been in effect since December. Launch of Grant 2.0.
On January 24, 2024, VeChain announced an update to its Grant program.
On the program: up to $100,000 in grants, new funding streams and a focus on blockchain sustainability.