Vechain has a leading edge in the supply chain industry. There are a few compelling reasons why the Vechain could be a good investment as follows:
Vechain owns an innovative blockchain. Take a look at the top 10 cryptocurrencies, you will realize that most of them offer pioneering technology and groundbreaking blockchain-based solutions. I think this is similar, and its contributions to the... More
The main problem facing businesses today in terms of information technology is the need for trust. As you can imagine, transferring sensitive information related to product development is very difficult for the parties involved to trust each other. Furthermore, such centralized storage of product information and other data is highly vulnerable to hacking. This centralized repository also always... More
VeChain is a secure + battle tested crypto that often goes unnoticed amidst the constant emergence of new + flashy crypto tokens. It has proven its durability over time and holds a unique position as one of the pioneering blockchains tailored specifically for enterprise-level clients.
From a business perspective, VeChain excels in providing robust data tracking capabilities. It enables the... More
Here are some of the key on-chain metrics for VeChain. High failure alert!
Transactions per Day: 232.860 VET
Active Addresses: 2.149.148 VET
Block Time: 10 sec VET
Hash Rate: No,... More
The team behind VeChain is the VeChain Foundation, an organization established in Singapore, that manages and maintains this project.
Sunny Lu is the CEO of VeChain and one of the founding members of VeChain. Before founding VeChain, he was the CEO of Louis Vuitton China. He has over a decade of experience working for Fortune 500 companies in IT executive positions.
Jay (Jie) Zhang is the CFO... More
VeChain hit the scene in 2017 via Crowdsale with 41% of the Circ sold at an avg price of $0.00072
I got exposed early 2019 when the project was still under $0.01, and for the next 2 years it stayed sideways under $0.02 (nothing exciting except the Crowdsale who were up 15x to 30x.) In 2021 this project got some legs and ran to $0.28 ATH (almost 400x), since then it has come back down under... More
VeChain has one of the most loyal and engaged community in the space. It is apparent from conversations in the socials that many people have been long term holders and have a lot of faith in the longevity of the project. This is evidenced by many people calling it "a serious project," and "a long-term hold."
In terms of stats, below is the breakdown: 9000 discord 583.8k twitter 219k... More
I'd like to take you by the hand how the VeChain's progress throughout the years has been. I see it comes nothing short of being remarkable. As I reflect on their journey, I am truly impressed by the milestones they have achieved.
In 2015, VeChain (formerly known as VechainThor) emerged as a dedicated blockchain platform specifically designed for supply chain management and product... More
This was the first project that I ever DYOR'd into a few years back, so the sentimental touch will definitely be visible across this micro review
What makes VeChain (VET) great?
A simple answer would be: Solving tangible problems through its supply chain-focused platform.
A more detailed would be: Enabling enterprises to track products, verify authenticity, and enhance supply chain logistics... More
Partnership The success of the Vechain project depends largely on how many partners use its platform. And it seems that Vechain (VET) also understands this, so they themselves are always active in creating partnerships.
So far, there are more than 30 partners that VeChain is testing with. And any of them could lead to a breakthrough and wider adoption of Vechain's blockchain. Among them, the... More
Nice to see this review being spotlighted. I gave the VeChain team 5 stars two months ago and will give 5 stars as well for this micro review.
I was a holder for 3 years and experienced the many partnerships they established in between. I even collected VTHO (the gas token of VeChain) via their wallet, simply by holding VeChain. It has been my first big (and last) crypto success.
VeChain is a... More
Undoubtedly, VeChain has emerged as one of the most prosperous blockchain initiatives, exemplifying remarkable achievements in forging partnerships and pioneering specialized applications.
The project exhibits meticulous planning, robust governance, and an exclusive economic framework that harmonizes effectively with the demands of corporate entities and enterprise clientele. Notably, it has... More
In my opinion, VeChain stands out as a blockchain platform that effectively tackles the challenges of supply chain management.
VeChain ensures transparency and reliability throughout the supply chain, providing a trustworthy record of every step from raw materials to the final product. This feature enhances efficiency and enables businesses to verify the authenticity and quality of their... More
VeChains team grew to over 100 employees and has plenty experienced professionals, including their co-founders Sunny Lu and Jay Zhang.
These two are the most known faces behind VeChain. Sunny was the CIO of Louis Vuitton China, where he gained extensive experience in supply chain management for luxury goods. Jay Zhang, the co-founder and CFO of VeChain, is an experienced financial executive with... More
Yes, for the long-term.
Right now the price is almost at the price point of 3 years ago, and x10 away from ATH. The current market conditions (fear and greed index) make that it's lower than usual it deserves, yet this counts for more projects of course.
The price level is quite stable, the coin became less volatile as the on-chain numbers are looking very stable themselves... More
VeChain stands out in the blockchain space with its focus on supply chain and real-world applications, and it has shown tangible progress in these areas.
VeChain is a blockchain platform that has carved a niche for itself in supply chain management and business process efficiency. By leveraging the transparency and immutability of blockchain technology, VeChain provides enterprises with an... More
The VeChain Foundation, an organization established in Singapore, serves as the primary driving force behind the adoption of VeChain and the VET token. It oversees the project's development, promotion, and governance. The Foundation's direction is guided by the Steering Committee, which undergoes biennial elections and is currently led by the project's founders.
Sunny Lu holds the position of... More
I think that the token burning mechanism proofs VeChain's commitment to managing the token supply and potentially benefiting long-term holders by creating scarcity. Their economic node program encourages stability and incentivizes investment. The allocation of tokens to the VeChain Foundation, enterprise investors, strategic partners, and advisors highlights the project's focus on development, expansion, and partnerships. I believe that VeChain has established a well-balanced ecosystem through its tokenomics, which effectively complements their product and overall existence.
VeChain's technology offers a range of applications, one of which is the ability to track and ensure the quality, authenticity, storage conditions, transportation and delivery of various products. I have two interesting real world examples which illustrate how VeChain's technology can be used:
Example 1: Enhancing the Medicine Supply Chain
VeChain's platform utilizes smart chips or RFID tags... More
Since we have already had two of our talented Cyrator analysts write great buy reviews for Vechain talking about the fundamental reasons of why and why not to buy $VET I thought I would write everyone a high time frame game plan for this asset based on technical analysis purely.
The way I see Vechain right now is it is bouncing of a solid support zone of ~ $0.015, however I would consider this... More
VeChain VETVeChain (VET) is a cryptocurrency
