VeChain is a blockchain platform that implements distributed registries to reduce entry barriers, is compatible with smart contracts and is designed to improve the supply chain and accelerate the mass adoption of blockchain technology. Using the functions of meta transactions, the method of consensus with confirmation of authority (PoA), the management mechanism in the blockchain and a unique system with two tokens, the VeChainThor blockchain hopes to solve the problem of launching large-scale commercial decentralized applications (dApps).

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VeChain

VeThor token is a VIP-180 token, is the cost of using the VeChainThor blockchain and essentially represents the level of smart contracts on the network. Its main goal is to facilitate processes and transactions in the blockchain. VTHO is an integral part of VeChainThor's work.

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VeThor Token

With the purpose of fostering transparent communication on our accomplishments and creating tangible economic value with blockchain technology, the VeChain Foundation hereby presents the sixteenth VeChain Foundation Financial Executive Report, covering the period from January 2022 through end March 2022.

VeChain Foundation Financial Report Q1 2022

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In the interest of continued transparency relating to the holdings and expenditures of the VeChain Foundation, we are happy to share the Q1 2022 Financial Report: https://t.co/eJzc3NmBAx 

https://www.vechain.org/vechain-foundation-financial-report-q1-2022/

— VeChain Foundation (@vechainofficial) May 10, 2022