VET is one of two tokens used by the VeChain network. VeChain is a blockchain that was designed specifically to improve efficiency and logistics within large-scale supply chains. The network uses a variety of technologies to monitor shipping and logistics processes for large-scale enterprise clients, integrating distributed ledger technology and IoT-related functionality within one network. VET is the tradable token that can trigger smart contracts and hold value within the network, while VeChainThor Energy (VHTO) serves as the gas to power smart contracts.
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