VeChain PRICE VET
VeChain is a blockchain platform that focuses on supply chain management, smart contracts and financial services. Boasted partnerships with major companies, such as BMW, Renault and DNV GL, a VeChain ICO wasn’t required to fund the project. Prior to the rebranding, VeChain coin used the VEN ticker symbol. Now, it can be seen being traded on various crypto exchanges using a new ticker symbol, VET.
VeChain started as an ERC 20-token but migrated to the VeChain Thor mainnet in October 2018. The VeChain Token (VET) is used for creation and use of apps on the platform. The THOR token, that is distributed to holders of VET, is used to pay for transaction fees.