VeChain 

VET Price

What is the VeChain (VET) coin?

VeChain (VET) is the native coin of VeChainThor, an enterprise-focused Layer 1 blockchain built for supply-chain management, product traceability and IoT integration. Sunny Lu — former CIO of Louis Vuitton China — founded the project in 2015 as a subsidiary of Bitse, then one of China's largest blockchain companies. VeChain launched its own mainnet on June 30, 2018, migrating from the ERC-20 token VEN to VET at a ratio of 100:1. The VeChain Foundation is based in Singapore.

How does the VeChain dual-token (VET/VTHO) model work?

VeChain runs two tokens with separate roles. VET transfers value and serves as staking collateral. VTHO (VeThor) pays network transaction fees. Splitting fees onto a separate token lets enterprises keep transaction costs stable regardless of VET price volatility — the core rationale for the design. Since the Hayabusa upgrade on December 2, 2025, holding VET no longer generates VTHO automatically, and VTHO flows only through active staking. VeChain reported roughly 50% less VTHO produced in the first weeks after the upgrade.

What is the VeChain blockchain used for?

VeChain targets enterprise blockchain applications: supply-chain management, product traceability, IoT data integration and sustainability reporting. The project's stated goal is connecting blockchain technology to real-world business use, and early institutional backing came from auditing and certification firms rather than pure venture funds. Retail holders participate through VET staking, which earns VTHO rewards on the StarGate platform.

How does VeChain staking (StarGate) work?

StarGate staking launched on July 1, 2025, backed by a $15M incentive program. Holders stake VET and receive VTHO rewards; staked positions are represented by NFTs, and minimum delegation is 10,000 VET. After the Hayabusa upgrade in December 2025, staking became the only way to earn VTHO — passive VET holding no longer generates it. StarGate is a core protocol feature rather than a limited campaign.

What is VET's maximum and total supply?

VET has a hard maximum supply of 86,712,634,466 VET, and total supply stands at 85,985,041,177 VET per DropsTab data. Over 99% of the cap already circulates, so inflation from new token issuance is minimal. Emission risk sits on the VTHO side instead: VTHO output depends on staking participation under the post-Hayabusa model and remains subject to VeChain governance adjustment.

Does VET have a vesting schedule or upcoming token unlocks?

VET has no vesting schedule and no scheduled unlock dates. The 2017-era enterprise allocation — 8.92% of supply distributed immediately and 14.08% after one year — completed years ago. Because the hard cap of roughly 86.71 billion VET is effectively fully minted, unlock-driven dilution risk does not apply to VET. Residual supply-side risk concentrates in VTHO emission dynamics, which governance can adjust.

Who invested in VeChain and how was supply distributed?

Early backing was partner-led rather than single-VC concentrated. Per DropsTab fundraising data, the September 2017 crowd sale placed 41% of total supply — 41 billion VET — with public participants, and a private round drew BlockVenture, Haitao Capital and PwC. Enterprise backers include DNV, PwC, Fenbushi Capital, IOSG Ventures, BlockVc, Draper Dragon and Breyer Capital. The exact USD raise is not publicly disclosed in an auditable primary source; roughly $20 million is widely reported.

Where can you buy and trade the VET coin?

VET trades on centralized exchanges; no decentralized-exchange markets are tracked for the token, per DropsTab data. VET has 50+ spot markets on 40+ exchanges plus multiple perpetual-futures venues. Depth concentrates on tier-1 venues — Binance, Upbit, Coinbase and Kraken. Quote currencies span USD, USDT, USDC, EUR, KRW and TRY, giving fiat on-ramps across US, European, Korean and Turkish markets. Liquidity risk is low.