What is VeChain (VET)
VeChain is a blockchain platform focused on optimising the supply chain and logistics, i.e. the chain that brings a product from supplier to end user. It applies decentralised technology to product traceability and business processes. This page is for informational purposes only: VeChain is not supported by Young Platform.
The dual-token system
The ecosystem is based on two crypto-assets: VET, used to pay for the use of smart contracts and decentralised applications (dapps), and VTHO, which covers transaction costs on the network. VET started as an ERC-20 token on Ethereum and later moved to its own blockchain.
Technology and use cases
VeChain uses a Proof of Authority consensus mechanism, with selected validators (“masternodes”). It is designed mainly for enterprise use (B2B), the Internet of Things and product traceability, with stated collaborations with companies such as BMW, China Unicom and DB Schenker. It was founded by Sunny Lu and Jay Zhang.
Past performance is not a guarantee of future results.
VeChain Market Data
Create your account in 3 steps on Young Platform
What does the Young Platform do?
Young Platform is the Italian platform for the crypto-asset world. Since 2018, we have been working from Turin to make buying and selling crypto-assets a clear and accessible experience — whether you are taking your first steps or trading regularly. Over 2 million users have already chosen us (as of June 11, 2026). Our shareholders include Azimut, United Ventures, and Banca Sella, among others. For details on our updated corporate structure, please visit the official page on our website.
Check out the Top movers
Discover the cryptocurrencies with the biggest price changes over the last 24 hours.
