About VeChain

VeChain, established in 2015, is a blockchain platform that emphasizes sustainability and aims to facilitate the widespread adoption of Web3 technologies. Utilizing its energy-efficient VeChainThor blockchain, the platform offers rapid and cost-effective transaction capabilities, thereby enhancing accessibility for users globally. With a diverse array of partnerships, including notable organizations such as UFC, BCG, and Walmart, VeChain has demonstrated its capacity for real-world applications, evidenced by its user base exceeding 2 million on applications powered by VeBetter. In 2024, VeChain underwent a significant upgrade known as the VeChain Renaissance, which introduced compatibility with Ethereum, a delegated Proof of Stake (dPoS) consensus mechanism, and dynamic gas fees. This upgrade effectively reduced inflation of VTHO and launched the StarGate NFT staking feature, allowing users to lock VET in exchange for transferable NFTs that generate VTHO, can be delegated to validators, and play a role in governance. Additionally, the upgrade introduced new eco node tiers, making participation more accessible while maintaining reward structures across various staking levels. Through these advancements, VeChain aims to solidify its position as a leading blockchain platform, where user engagement, enhanced tokenomics, and inclusive staking practices contribute to sustainable long-term value creation.