Sunny Lu created VeChain in 2015, and he remains the CEO of the VeChain Foundation, based in Singapore. Again, this dividend gets paid out to VET token owners daily in VTHO tokens. Therefore, the VTHO tokens are worth 4.958 cents per 10,000 VET tokens daily, or $18.10 annually (i.e., $0.04958 x 365). The market price for VTHO was just below 1.15 cents as of May 20.īased on the best article I have found so far on the VET dividend, each VET owner has the right to receive 0.000432 VTHO tokens daily per VET token. An “offshoot coin” called THOR, or VeThor (CCC: VTHO-USD) is paid to every holder of VET tokens. The VeChain DividendĪnother perk of VeChain is that it pays a dividend. Look for the token to do very well this year as its blockchain popularity rises. As a result of its dual token supply structure, the total supply of tokens is slightly inflationary as a result. This is an offshoot of the proof-of-stake system. VeChain has a proof-of-authority protocol system. The crypto site can then tell if it is a knock-off after it’s uploaded.
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In order to tell whether a vape is a knock-off, users take a picture of the UPC code and product. Recently, wrote about an LA-based vaping company called PuffBar that used VeChain to track counterfeits.
This lists five strategic partnerships, including DNV, PriceWaterhouseCoopers and several Chinese companies. The Top 7 Ways to Invest In Semiconductors NowĮxisting VeChain partnerships and large businesses that use VeChain are tracked on a site called. It provides tracking services for 13,175 vessels and mobile offshore units. Walmart (NYSE: WMT) has partnered with IBM (NYSE: IBM) and created the Food Trust Blockchain with nine other food companies to track food supplies.Ī Norwegian classification company called DNV has partnered with VeChain. A study from 2020 concluded that $300 billion worth of food could be tracked and traced on the blockchain by 2027. The addressable market for VeChain’s area of focus could turn out to be quite large. For example, a number of large enterprises now use VeChain for inventory tracking purposes. Its main purpose, according to its whitepaper, is to improve the management of supply chains and related business processes.
VeChain’s focus as a blockchain platform and related cryptocurrency is on corporate supply chains and logistics. This is an amazing performance, and I suspect it foreshadows a good future for the crypto. That means it is up 598% since then and more than 3,000% in the last year from 0.42 cents a year ago.
At the end of December 2020, it was at 1.9 cents.
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