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

We're very excited to share that #Vechain has become the official Layer 1 #blockchain partner of @ufc in a historic global marketing partnership!

With 900 million+ households across 175 countries, $VET will receive unprecedented brand/asset integration.

https://t.co/WvVC7CeMTm

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We're very excited to share that #Vechain has become the official Layer 1 #blockchain partner of @ufc in a historic global marketing partnership!

With 900 million+ households across 175 countries receiving UFC broadcasts, $VET will receive unprecedented brand/asset integration.

https://twitter.com/vechainofficial/status/1534892007885361152