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VeChain is a blockchain platform designed to enhance supply chain and business processes. Founded in 2015, it integrates distributed ledger technology and the Internet of Things (IoT) to provide solutions that increase the transparency, efficiency, and traceability of supply chains. The native cryptocurrency of the VeChain network is known as VET, which is used for transactions and can also be staked to generate VTHO (VeChain Thor Energy), the second token that fuels the transactions on the network.
VeChain operates on its own blockchain, the VeChainThor blockchain, which is built upon a two-token system. The two primary tokens are:
The platform adopts a unique consensus mechanism known as Proof of Authority (PoA), which involves a set of approved nodes that validate transactions and maintain the network. This mechanism enhances scalability and performance while requiring less energy compared to traditional Proof of Work systems.
VeChain aims to solve various challenges within supply chains, such as counterfeiting and inefficiencies, by providing tools like smart contracts, IoT integrations, and real-time tracking solutions. The platform can track products at every stage of their lifecycle, offering relevant data to stakeholders through a decentralized and transparent ledger.
Managing VeChain involves a few key steps:
By keeping these management practices in mind, you can effectively navigate the landscape of VeChain investing and leverage its potential for your portfolio.
Yes, at Knaken, you can easily buy VeChain with iDEAL, Credit Card, or Bancontact. Check all the options on our fees page
You can find the current price of VeChain at the top of this page.
At Knaken, we believe it\'s important to be as transparent as possible about the fees charged to our customers. You can view these fees for each purchase or sale of VeChain. Check out our fees on our fees page.
At Knaken, safety comes first. For years, we have ensured that you can not only buy crypto safely on our platform but also store it securely.
Search for VeChain in the app or web portal and select “deposit” in the options. You will see the deposit address where you can send the crypto. Make sure to deposit VeChain from a verified wallet address with Knaken.
If you prefer personal assistance, you can sign up for our free transfer service.
Yes, search for VeChain in the app or web portal and select the withdraw button in the options. Note that you can only withdraw VeChain to a verified wallet address.
Knaken Cryptohandel B.V. has applied for a MiCA license from the Netherlands Authority for the Financial Markets (AFM). This application is currently being assessed by the AFM.
Investing in crypto-related products involves significant risks.