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

In keeping with our industry-leading approach to transparency & accountability, we proudly present our latest Financial Report, detailing the Foundation Treasury holdings and expenses for Q1 2023.

https://t.co/O4aODqchIk

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Our latest Financial report covering Q1 2023 is out now

Our treasury holdings have shown positive growth, with a surge from $275,561,329 at the end of December 2022 to $380,412,300 at the end of March 2023. 

Our total expenses for Q1 2023 amount to $6,957,477, or 1.8% of our Treasury at its current value, primarily allocated to ecosystem integration, operations, PR and marketing, tech operations, and legal & finance. These investments reflect our commitment to expanding our reach, enhancing user experience, and strengthening our technological infrastructure

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https://twitter.com/vechainofficial/status/1676587337222967297?s=20

Our latest Financial report covering Q1 2023 is out now.